Adobe (XSWX:ADBE) E10: CHF8.18 (As of May. 2026)


XSWX:ADBE Adobe Inc XSWX:ADBE
85 GF Score
Price CHF164.86
GF Value CHF476.60
Valuation Significantly Undervalued
View Full Analysis

What is Adobe E10?

Adobe XSWX:ADBE -0.16% 85 E10 is CHF8.18 as of May. 2026. GuruFocus rates XSWX:ADBE with a GF Score™ of 85/100 and a GF Value™ of CHF476.60 (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 CHF3.329. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is CHF8.18 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 (2026-07-01), Adobe's current stock price is CHF164.86. Adobe's E10 for the quarter that ended in May. 2026 was CHF8.18. Adobe's Shiller PE Ratio of today is 20.15.

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  (XSWX: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
=164.86/8.18
=20.15

* 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 0.00 0.00 0.00 0.00 0.00

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 0.00 0.00 0.00 7.99 8.18

XSWX: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.


XSWX:ADBE
85GF Score
Adobe Inc XSWX: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)
=3.329/335.1230*335.1230
=3.329

Current CPI (May. 2026) = 335.1230.

Adobe Quarterly Data

per share eps CPI Adj_EPS
201608 0.524 240.849 0.729
201611 0.797 241.353 1.107
201702 0.801 243.603 1.102
201705 0.740 244.733 1.013
201708 0.811 245.519 1.107
201711 0.991 246.669 1.346
201802 1.095 248.991 1.474
201805 1.326 251.588 1.766
201808 1.324 252.146 1.760
201811 1.372 252.038 1.824
201902 1.362 252.776 1.806
201905 1.304 256.092 1.706
201908 1.576 256.558 2.059
201911 1.728 257.208 2.251
202002 1.913 258.678 2.478
202005 2.200 256.394 2.876
202008 1.793 259.918 2.312
202011 4.227 260.229 5.444
202102 2.344 263.014 2.987
202105 2.094 269.195 2.607
202108 2.305 273.567 2.824
202111 2.368 277.948 2.855
202202 2.455 283.716 2.900
202205 2.441 292.296 2.799
202208 2.317 296.171 2.622
202211 2.444 297.711 2.751
202302 2.509 300.840 2.795
202305 2.532 304.127 2.790
202308 2.679 307.026 2.924
202311 2.875 307.051 3.138
202402 1.193 310.326 1.288
202405 3.172 314.069 3.385
202408 3.226 314.796 3.434
202411 3.339 315.493 3.547
202502 3.740 319.082 3.928
202505 3.270 321.465 3.409
202508 3.368 323.976 3.484
202511 3.576 324.122 3.697
202602 3.555 326.785 3.646
202605 3.329 335.123 3.329

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 CHF8.18 mean?
Adobe (XSWX:ADBE) has a E10 of CHF8.18 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 CHF8.18. Overall, Adobe has a GF Score™ of 85/100 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 CHF8.18 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 CHF8.18. 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 (XSWX:ADBE) is currently considered Significantly Undervalued. The stock's GF Value™ is CHF476.60, compared to a current price of CHF164.86 — trading 65.4% below its estimated fair value. The current E10 is CHF8.18. Adobe's overall GF Score™ is 85/100. 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 (XSWX:ADBE), the current E10 is CHF8.18 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 (XSWX:ADBE) Overvalued in 2026?

Based on GuruFocus' analysis, Adobe stock appears to be undervalued. The current stock price of CHF164.86 is trading 65.4% below its estimated GF Value™ of CHF476.60. GuruFocus considers Adobe to be Significantly Undervalued.

Key valuation signals for XSWX:ADBE:

  • E10: CHF8.18
  • GF Value™: CHF476.60 vs. price of CHF164.86 (65.4% below fair value)
  • GF Score™: 85/100

No single metric tells the full story. See the XSWX: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).
85GF Score

Get the complete analysis for XSWX:ADBE

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

CHF164.86
Price
CHF476.60
GF Value