Adobe (MEX:ADBE) E10: MXN193.67 (As of May. 2026)


MEX:ADBE Adobe Inc MEX:ADBE
89 GF Score
Price MXN3,548.00
GF Value MXN10,427.16
Valuation Significantly Undervalued
View Full Analysis

What is Adobe E10?

Adobe MEX:ADBE +4.05% 89 E10 is MXN193.67 as of May. 2026. GuruFocus rates MEX:ADBE with a GF Score™ of 89/100 and a GF Value™ of MXN10,427.16 (Significantly Undervalued).

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Adobe's adjusted earnings per share data for the three months ended in May. 2026 was MXN73.737. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN193.67 for the trailing ten years ended in May. 2026.

During the past 12 months, Adobe's average E10 Growth Rate was 21.00% per year. During the past 3 years, the average E10 Growth Rate was 21.10% per year. During the past 5 years, the average E10 Growth Rate was 23.40% per year. During the past 10 years, the average E10 Growth Rate was 25.20% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Adobe was 31.60% per year. The lowest was -1.60% per year. And the median was 17.40% per year.

As of today (2026-06-29), Adobe's current stock price is MXN3548.00. Adobe's E10 for the quarter that ended in May. 2026 was MXN193.67. Adobe's Shiller PE Ratio of today is 18.32.

During the past 13 years, the highest Shiller PE Ratio of Adobe was 178.70. The lowest was 17.44. And the median was 90.17.


Adobe  (MEX:ADBE) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Adobe's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=3548.00/193.67
=18.32

* 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 Shiller P/E Ratio of Adobe was 178.70. The lowest was 17.44. And the median was 90.17.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Adobe E10 Related Terms


Adobe E10 Historical Data

* Premium members only.

The historical data trend for Adobe's E10 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.

Adobe E10 Chart

Adobe Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 97.96 106.36 121.30 169.25 185.18

Adobe Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
E10 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 180.42 180.66 185.18 179.83 193.67

MEX:ADBE vs DDOG, SNOW, INTU: E10 Comparison

For the Software - Application subindustry, Adobe's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Software Industry

For the Software industry and Technology sector, Adobe's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Adobe's Shiller PE Ratio falls into.


MEX:ADBE
89GF Score
Adobe Inc MEX:ADBE
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adobe E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in May. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=73.737/335.1230*335.1230
=73.737

Current CPI (May. 2026) = 335.1230.

Adobe Quarterly Data

per share eps CPI Adj_EPS
201608 10.178 240.849 14.162
201611 16.365 241.353 22.723
201702 15.998 243.603 22.008
201705 13.991 244.733 19.158
201708 14.941 245.519 20.394
201711 18.634 246.669 25.316
201802 22.043 248.991 29.668
201805 26.601 251.588 35.433
201808 25.746 252.146 34.219
201811 27.808 252.038 36.975
201902 26.200 252.776 34.735
201905 25.351 256.092 33.174
201908 32.309 256.558 42.203
201911 34.005 257.208 44.306
202002 38.671 258.678 50.099
202005 50.326 256.394 65.779
202008 43.104 259.918 55.576
202011 93.496 260.229 120.404
202102 54.640 263.014 69.620
202105 46.238 269.195 57.562
202108 50.586 273.567 61.968
202111 55.134 277.948 66.475
202202 54.272 283.716 64.106
202205 49.003 292.296 56.183
202208 48.608 296.171 55.001
202211 48.996 297.711 55.153
202302 49.715 300.840 55.380
202305 50.052 304.127 55.153
202308 51.487 307.026 56.199
202311 56.124 307.051 61.255
202402 23.199 310.326 25.053
202405 59.309 314.069 63.285
202408 74.168 314.796 78.957
202411 77.243 315.493 82.049
202502 84.975 319.082 89.247
202505 76.555 321.465 79.808
202508 78.837 323.976 81.550
202511 81.525 324.122 84.292
202602 79.215 326.785 81.236
202605 73.737 335.123 73.737

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of MXN193.67 mean?
Adobe (MEX:ADBE) has a E10 of MXN193.67 as of May. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Adobe and its competitors.
Is Adobe's E10 too high?
Adobe's current E10 is MXN193.67. Overall, Adobe has a GF Score™ of 89/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Adobe's E10 compare to DDOG and SNOW?
Adobe's E10 of MXN193.67 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for a Software company?
A good E10 depends on the Software industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Adobe and its competitors. Adobe's current E10 is MXN193.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adobe stock overvalued right now?
Based on GuruFocus' analysis, Adobe (MEX:ADBE) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN10,427.16, compared to a current price of MXN3,548.00 — trading 66% below its estimated fair value. The current E10 is MXN193.67. Adobe's overall GF Score™ is 89/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Adobe (MEX:ADBE), the current E10 is MXN193.67 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Adobe (MEX:ADBE) Overvalued in 2026?

Based on GuruFocus' analysis, Adobe stock appears to be undervalued. The current stock price of MXN3,548.00 is trading 66% below its estimated GF Value™ of MXN10,427.16. GuruFocus considers Adobe to be Significantly Undervalued.

Key valuation signals for MEX:ADBE:

  • E10: MXN193.67
  • GF Value™: MXN10,427.16 vs. price of MXN3,548.00 (66% below fair value)
  • GF Score™: 89/100

No single metric tells the full story. See the MEX:ADBE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Adobe Business Description

Address 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).
89GF Score

Get the complete analysis for MEX:ADBE

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,548.00
Price
MXN10,427.16
GF Value