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Adobe (FRA:ADB) Cyclically Adjusted Revenue per Share : €28.66 (As of May. 2025)


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What is Adobe Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Adobe's adjusted revenue per share for the three months ended in May. 2025 was €12.143. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €28.66 for the trailing ten years ended in May. 2025.

During the past 12 months, Adobe's average Cyclically Adjusted Revenue Growth Rate was 16.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 19.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 19.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 16.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Adobe was 21.00% per year. The lowest was 7.70% per year. And the median was 12.90% per year.

As of today (2025-06-28), Adobe's current stock price is €331.95. Adobe's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2025 was €28.66. Adobe's Cyclically Adjusted PS Ratio of today is 11.58.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Adobe was 40.93. The lowest was 10.10. And the median was 20.80.


Adobe Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Adobe's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Adobe Cyclically Adjusted Revenue per Share Chart

Adobe Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.04 15.97 20.16 23.55 28.39

Adobe Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.34 26.07 28.39 30.01 28.66

Competitive Comparison of Adobe's Cyclically Adjusted Revenue per Share

For the Software - Application subindustry, Adobe's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Adobe's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Adobe's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Adobe's Cyclically Adjusted PS Ratio falls into.


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Adobe Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Adobe's adjusted Revenue per Share data for the three months ended in May. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of May. 2025 (Change)*Current CPI (May. 2025)
=12.143/135.3468*135.3468
=12.143

Current CPI (May. 2025) = 135.3468.

Adobe Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201508 2.162 100.548 2.910
201511 2.400 100.135 3.244
201602 2.468 100.040 3.339
201605 2.450 101.355 3.272
201608 2.593 101.617 3.454
201611 2.971 101.829 3.949
201702 3.153 102.779 4.152
201705 3.205 103.256 4.201
201708 3.116 103.587 4.071
201711 3.410 104.072 4.435
201802 3.372 105.052 4.344
201805 3.728 106.148 4.753
201808 3.993 106.383 5.080
201811 4.371 106.338 5.563
201902 4.639 106.649 5.887
201905 4.984 108.048 6.243
201908 5.189 108.245 6.488
201911 5.520 108.519 6.885
202002 5.808 109.139 7.203
202005 5.914 108.175 7.399
202008 5.619 109.662 6.935
202011 6.010 109.793 7.409
202102 6.686 110.968 8.155
202105 6.562 113.576 7.820
202108 6.954 115.421 8.155
202111 7.485 117.269 8.639
202202 7.905 119.703 8.938
202205 8.772 123.323 9.627
202208 9.329 124.958 10.105
202211 9.546 125.607 10.286
202302 9.452 126.928 10.079
202305 9.653 128.314 10.182
202308 9.769 129.538 10.207
202311 10.153 129.548 10.607
202402 10.534 130.930 10.889
202405 10.889 132.509 11.122
202408 10.949 132.816 11.158
202411 11.926 133.110 12.126
202502 12.524 134.624 12.591
202505 12.143 135.347 12.143

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Adobe  (FRA:ADB) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Adobe's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=331.95/28.66
=11.58

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Adobe was 40.93. The lowest was 10.10. And the median was 20.80.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Adobe Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Adobe's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Adobe Business Description

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345 Park Avenue, San Jose, CA, USA, 95110-2704
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).

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