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46.21 (1y: +44%)
Market Cap 23.21 B P/E(ttm) 32.50
Enterprise Value 19.65 B P/B 3.60
ADBE- NAS (USA)
Adobe Systems Inc
  • Currently 3.5/5
Business Predictability Rank: 3.5-Star (On Watch)
Back Testing Results:
Average gain of all 3.5-Star stocks: 9.3% per year.
% of Stocks that are in still loss if held for 10yrs: 9%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$46.21
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry		 vs
history
Cash to Debt 2.346
ADBE's Cash to Debt is ranked higher than
54% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 7.41 vs. ADBE: 2.346 )
ADBE' s 10-Year Cash to Debt Range
Min: 1.62   Max: No Debt
Current: 2.35
Equity to Asset 0.668
ADBE's Equity to Asset is ranked higher than
71% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.56 vs. ADBE: 0.668 )
ADBE' s 10-Year Equity to Asset Range
Min: 0.64   Max: 0.86
Current: 0.67
0.64
0.86
Interest Coverage 27.5
ADBE's Interest Coverage is ranked higher than
61% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 25.60 vs. ADBE: 27.5 )
ADBE' s 10-Year Interest Coverage Range
Min: 26   Max: No Debt
Current: 27.5
F-Score: 6
Z-Score: 5.9
M-Score: -2.98
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry		 vs
history
Operating margin (%) 26.80
ADBE's Operating margin (%) is ranked higher than
95% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 4.30 vs. ADBE: 26.80 )
ADBE' s 10-Year Operating margin (%) Range
Min: 21.4   Max: 37
Current: 26.8
21.4
37
Net-margin (%) 18.9
ADBE's Net-margin (%) is ranked higher than
93% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 2.70 vs. ADBE: 18.9 )
ADBE' s 10-Year Net-margin (%) Range
Min: 13.1   Max: 30.7
Current: 18.9
13.1
30.7
ROE (%) 12.5
ADBE's ROE (%) is ranked higher than
83% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 4.70 vs. ADBE: 12.5 )
ADBE' s 10-Year ROE (%) Range
Min: 7.9   Max: 46.4
Current: 12.5
7.9
46.4
ROA (%) 8.3
ADBE's ROA (%) is ranked higher than
84% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 2.90 vs. ADBE: 8.3 )
ADBE' s 10-Year ROA (%) Range
Min: 5.3   Max: 29.6
Current: 8.3
5.3
29.6
ROC (Joel Greenblatt) (%) 599.80
ADBE's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. ADBE: 599.80 )
ADBE' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 359.3   Max: 5206.6
Current: 599.8
359.3
5206.6
Revenue Growth (%) 12.1
ADBE's Revenue Growth (%) is ranked higher than
91% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. ADBE: 12.1 )
ADBE' s 10-Year Revenue Growth (%) Range
Min: 2   Max: 14
Current: 12.1
2
14
EBITDA Growth (%) 12.6
ADBE's EBITDA Growth (%) is ranked higher than
90% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. ADBE: 12.6 )
ADBE' s 10-Year EBITDA Growth (%) Range
Min: 0.3   Max: 21.3
Current: 12.6
0.3
21.3
EPS Growth (%) 22.8
ADBE's EPS Growth (%) is ranked higher than
95% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. ADBE: 22.8 )
ADBE' s 10-Year EPS Growth (%) Range
Min: -3.7   Max: 31.7
Current: 22.8
-3.7
31.7
ยป ADBE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

ADBE Guru Trades in Q2 2012

Glenn Greenberg 2,099,521 sh (+45.63%)
Dodge & Cox 18,914,250 sh (+32.77%)
Joel Greenblatt 16,698 sh (+14.36%)
Mario Gabelli Sold Out
Paul Tudor Jones Sold Out
Ken Fisher Sold Out
PRIMECAP Management 43,232,589 sh (-2.5%)
Pioneer Investments 1,823,851 sh (-6.53%)
Jim Simons 189,300 sh (-26.14%)
Jeremy Grantham 68,900 sh (-60.65%)
Steven Cohen 33,737 sh (-91.24%)
» More
Q3 2012

ADBE Guru Trades in Q3 2012

Steven Cohen 178,900 sh (+430.28%)
Joel Greenblatt 21,986 sh (+31.67%)
Glenn Greenberg 2,553,518 sh (+21.62%)
Dodge & Cox 21,193,750 sh (+12.05%)
PRIMECAP Management 42,911,390 sh (-0.74%)
Pioneer Investments 1,507,685 sh (-17.34%)
Jeremy Grantham 28,900 sh (-58.06%)
Jim Simons 25,600 sh (-86.48%)
» More
Q4 2012

ADBE Guru Trades in Q4 2012

Ken Fisher 5,349 sh (New)
John Hussman 850,000 sh (New)
Steven Cohen 828,800 sh (+363.28%)
Dodge & Cox 23,408,246 sh (+10.45%)
Paul Tudor Jones 75,000 sh (unchged)
Jim Simons Sold Out
PRIMECAP Management 41,990,090 sh (-2.15%)
Pioneer Investments 1,338,819 sh (-11.2%)
Glenn Greenberg 2,128,156 sh (-16.66%)
Joel Greenblatt 13,406 sh (-39.02%)
» More
Q1 2013

ADBE Guru Trades in Q1 2013

Andreas Halvorsen 7,121,970 sh (New)
Louis Moore Bacon 10,000 sh (New)
Jim Simons 137,100 sh (New)
Glenn Greenberg Sold Out
Joel Greenblatt Sold Out
Ken Fisher Sold Out
Dodge & Cox 23,102,925 sh (-1.3%)
Pioneer Investments 1,308,048 sh (-2.3%)
PRIMECAP Management 40,340,132 sh (-3.93%)
John Hussman 550,000 sh (-35.29%)
Steven Cohen 262,554 sh (-68.32%)
» More
» Details

Insider Trades

Latest Guru Trades with ADBE

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Glenn Greenberg 2013-03-31 Sold Out 4.8%$37.68 - $43.515 $ 43.3610%0
John Hussman 2013-03-31 Reduce -35.29%0.3%$37.68 - $43.515 $ 43.3610%550000
Joel Greenblatt 2013-03-31 Sold Out 0.03%$37.68 - $43.515 $ 43.3610%0
John Hussman 2012-12-31 New Buy0.84%$31.51 - $38.09 $ 43.3627%850000
Dodge & Cox 2012-12-31 Add 10.45%0.11%$31.51 - $38.09 $ 43.3627%23408246
Joel Greenblatt 2012-12-31 Reduce -39.02%0.02%$31.51 - $38.09 $ 43.3627%13406
Glenn Greenberg 2012-09-30 Add 21.62%0.91%$30 - $34.52 $ 43.3636%2553518
Joel Greenblatt 2012-09-30 Add 31.67%0.01%$30 - $34.52 $ 43.3636%21986
Glenn Greenberg 2012-06-30 Add 45.63%1.5%$30.35 - $34.43 $ 43.3634%2099521
Dodge & Cox 2012-06-30 Add 32.77%0.2%$30.35 - $34.43 $ 43.3634%18914250
Mario Gabelli 2012-06-30 Sold Out 0.0022%$30.35 - $34.43 $ 43.3634%0
Premium More recent guru trades are included for Premium Members only!!
ยป Financial Charts

Peter Lynch Chart

Top Ranked Articles about Adobe Systems Inc

Guru Stocks That Reached 52-Week Highs: ADBE, COF, CMCSA, AMT
November 5, 2012
These are the Guru stocks that reached 52-week highs recently: Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 30.50
ADBE's P/E(ttm) is ranked higher than
50% of the 1023 Companies
in the Global Software - Application industry.

( Industry Median: 20.80 vs. ADBE: 30.50 )
ADBE' s 10-Year P/E(ttm) Range
Min: 11.06   Max: 72.46
Current: 30.5
11.06
72.46
P/B 3.30
ADBE's P/B is ranked lower than
54% of the 1370 Companies
in the Global Software - Application industry.

( Industry Median: 2.02 vs. ADBE: 3.30 )
ADBE' s 10-Year P/B Range
Min: 1.91   Max: 29.4
Current: 3.3
1.91
29.4
P/S 5.01
ADBE's P/S is ranked lower than
65% of the 1452 Companies
in the Global Software - Application industry.

( Industry Median: 1.69 vs. ADBE: 5.01 )
ADBE' s 10-Year P/S Range
Min: 2.58   Max: 16.68
Current: 5.01
2.58
16.68
PFCF 17.70
ADBE's PFCF is ranked higher than
61% of the 1019 Companies
in the Global Software - Application industry.

( Industry Median: 17.43 vs. ADBE: 17.70 )
ADBE' s 10-Year PFCF Range
Min: 7.8   Max: 54.67
Current: 17.7
7.8
54.67
EV-to-EBIT 20
ADBE's EV-to-EBIT is ranked higher than
53% of the 1019 Companies
in the Global Software - Application industry.

( Industry Median: 14.50 vs. ADBE: 20 )
ADBE' s 10-Year EV-to-EBIT Range
Min: 7.1   Max: 52.5
Current: 20
7.1
52.5
PEG 3.5
ADBE's PEG is ranked lower than
51% of the 423 Companies
in the Global Software - Application industry.

( Industry Median: 1.64 vs. ADBE: 3.5 )
ADBE' s 10-Year PEG Range
Min: 0.71   Max: 5.11
Current: 3.5
0.71
5.11
Shiller P/E 30
ADBE's Shiller P/E is ranked lower than
100% of the Companies
in the Global Software - Application industry.

( Industry Median: vs. ADBE: 30 )
ADBE' s 10-Year Shiller P/E Range
Min: 14.65   Max: 56.33
Current: 30
14.65
56.33

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 94.3
ADBE's Price/Net Cash is ranked lower than
76% of the 465 Companies
in the Global Software - Application industry.

( Industry Median: 9.10 vs. ADBE: 94.3 )
ADBE' s 10-Year Price/Net Cash Range
Min: 14.8   Max: 75.2
Current: 94.3
14.8
75.2
Price/Net Current Asset Value 47.1
ADBE's Price/Net Current Asset Value is ranked lower than
63% of the 930 Companies
in the Global Software - Application industry.

( Industry Median: 13.40 vs. ADBE: 47.1 )
ADBE' s 10-Year Price/Net Current Asset Value Range
Min: 29.2   Max: 132
Current: 47.1
29.2
132
Price/Tangible Book 10.9
ADBE's Price/Tangible Book is ranked lower than
67% of the 1116 Companies
in the Global Software - Application industry.

( Industry Median: 3.30 vs. ADBE: 10.9 )
ADBE' s 10-Year Price/Tangible Book Range
Min: 6.5   Max: 21.6
Current: 10.9
6.5
21.6
Price/DCF (Projected) 1.1
ADBE's Price/DCF (Projected) is ranked higher than
79% of the 551 Companies
in the Global Software - Application industry.

( Industry Median: 1.30 vs. ADBE: 1.1 )
ADBE' s 10-Year Price/DCF (Projected) Range
Min: 0.6   Max: 2.4
Current: 1.1
0.6
2.4
Price/Median PS Value 0.8
ADBE's Price/Median PS Value is ranked higher than
84% of the 1300 Companies
in the Global Software - Application industry.

( Industry Median: 1.00 vs. ADBE: 0.8 )
ADBE' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.9
Current: 0.8
0.5
1.9
Price/Peter Lynch Fair Value 4.3
ADBE's Price/Peter Lynch Fair Value is ranked lower than
52% of the 276 Companies
in the Global Software - Application industry.

( Industry Median: 1.50 vs. ADBE: 4.3 )
ADBE' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.9   Max: 4.4
Current: 4.3
0.9
4.4
Price/Graham Number 3.6
ADBE's Price/Graham Number is ranked lower than
64% of the 813 Companies
in the Global Software - Application industry.

( Industry Median: 1.80 vs. ADBE: 3.6 )
ADBE' s 10-Year Price/Graham Number Range
Min: 2   Max: 7.3
Current: 3.6
2
7.3
Earnings Yield (Greenblatt) 5.00
ADBE's Earnings Yield (Greenblatt) is ranked higher than
69% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 3.30 vs. ADBE: 5.00 )
ADBE' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.9   Max: 14.2
Current: 5
1.9
14.2
Forward Rate of Return (Yacktman) 11.37
ADBE's Forward Rate of Return (Yacktman) is ranked higher than
90% of the 1618 Companies
in the Global Software - Application industry.

( Industry Median: 0.00 vs. ADBE: 11.37 )
ADBE' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 9.7   Max: 24.9
Current: 11.37
9.7
24.9

Business Description

Adobe Systems Inc was originally incorporated in California in October 1983 and was reincorporated in Delaware in May 1997. It is a global software company. The Company offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences across multiple operating systems, devices and media. The Company also distributes its products through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers and original equipment manufacturers. In addition, the Company licenses its technology to hardware manufacturers, software developers and service providers for use in their products and solutions. The Company offers some of its products via a Software-as-a-Service model as well as through term subscription and pay-per-use models. Its software runs on personal computers and server-based computers, as well as on smartphones, tablets and other devices, depending on the product. The Company has operations in the Americas, Europe, Middle East and Africa and Asia. It categorizes its products and services into the following businesses: Creative and Interactive Solutions, Digital Media Solutions, Knowledge Worker, Enterprise, Omniture and Print and Publishing. Creative and Interactive Solutions segment focuses on delivering a complete professional line of integrated tools for a full range of design and publishing and developer tasks to an extended set of customers. Digital Media Solutions segment contains its professional imaging and video products and focuses on many of the same creative professional customers as its Creative and Interactive Solutions business. Knowledge Worker segment focuses on the needs of knowledge worker customers, providing essential applications and services to help them share information and collaborate. This segment contains Acrobat family of products and on-demand, web-based, electronic signature solutions resulting from its acquisition of EchoSign. Enterprise segment provides server-based Customer Experience Management Solutions to enterprise and government customers to optimize their information intensive customer-facing processes and improve the overall customer experience of their constituents. This segment contains Adobe Connect, Day and LiveCycle lines of products. Omniture segment provides web analytics and online business optimization products and services to manage and enhance online, offline and multi-channel marketing initiatives. Print and Publishing segment addresses market opportunities ranging from the diverse publishing needs of technical and business publishing to its legacy type and OEM printing businesses. The Company faces direct and indirect competition in the consumer digital imaging market, including ACD Systems, AI Soft (Japan), Apple, ArcSoft, Corel, i
Company Website
SEC Reports
Industry: Software - Application
Compare:CRM, SQI, RHT, INTU, DASTY
Traded in other countries:ADB.Germany
ยป More Articles for ADBE

Headlines

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WEEKLY CFO SELLS HIGHLIGHT: ANIK, GILD, PETM, NKE, ADBE Mar 31 2013 
Weekly CFO Sells Highlight: QCOM, TEA, ADBE, FNF, SPB, RTN Jan 07 2013 
Dodge & Cox Comments on the Technology Sector Dec 14 2012 
Guru Stocks That Reached 52-Week Highs: ADBE, COF, CMCSA, AMT Nov 05 2012 
Latest Picks from Hedge Fund Manager Glenn Greenberg: ORCL, VRX, GOOG, ADBE, VPRT, FISV, MSI, ONE, P Aug 16 2012 
Weekly CEO Sells Highlight: DIS, LMT, INCY, ADBE May 14 2012 
Salesforce: An Attractive Long-Term Stock Apr 19 2012 
Adobe Systems: On the Fast Track to Growth Apr 11 2012 


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