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AdobeXSWX:ADBE -0.69%82 EV-to-EBITDA is 9.27 as of Jul. 22, 2026, which is 72% below its 10-year median of 32.80. GuruFocus rates XSWX:ADBE with a GF Score™ of 82/100 and a GF Value™ of CHF478.42. Among 1,959 Software companies, Adobe ranks better than 55.9% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Adobe's enterprise value is CHF74,308 Mil.
Adobe's EBITDA for the trailing twelve months (TTM) ended in May. 2026 was CHF8,015 Mil. Therefore, Adobe's EV-to-EBITDA for today is 9.27.
The historical rank and industry rank for Adobe's EV-to-EBITDA or its related term are showing as below:
XSWX:ADBE'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.89 Med: 32.8 Max: 54.43
Current: 9.05
During the past 13 years, the highest EV-to-EBITDA of Adobe was 54.43. The lowest was 7.89. And the median was 32.80.
XSWX:ADBE's EV-to-EBITDA is ranked better than 55.9% of 1959
companies
in the Software industry
Industry Median: 10.46
vs XSWX:ADBE: 9.05
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-07-22), Adobe's stock price is CHF186.18.
Adobe's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was CHF13.828. Therefore, Adobe's PE Ratio (TTM) for today is 13.46.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Adobe (XSWX:ADBE) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Adobe's share price for today is CHF186.18.
Adobe's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF13.828.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Adobe's EV-to-EBITDA 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.
XSWX:ADBE vs DDOG, SNOW, INTU: EV-to-EBITDA Comparison
For the Software - Application subindustry, Adobe's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Adobe's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Adobe's EV-to-EBITDA falls into.
Adobe's current Enterprise Value is CHF74,308 Mil.
Adobe's EBITDA for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF8,015 Mil.
* 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 (XSWX:ADBE) has a EV-to-EBITDA of 9.27 as of Jul. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Adobe. This is 72% below median its historical median of 32.80. Over the past decade, Adobe's EV-to-EBITDA has ranged from 7.89 to 54.43. According to the industry distribution chart, Adobe ranks #864 out of 1959 companies in the Software industry, placing it in the top 44.1%.
Is Adobe's EV-to-EBITDA too high?
Adobe's current EV-to-EBITDA of 9.27 is 72% below median its 10-year median of 32.80. Over the past 10 years, this metric has ranged from a low of 7.89 to a high of 54.43. The Software industry median EV-to-EBITDA is 10.46. Adobe's value of 9.27 is 11.4% below this industry median. Based on the distribution chart, Adobe ranks #864 out of 1959 companies in the Software industry, which is above the industry midpoint. Overall, Adobe has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does Adobe's EV-to-EBITDA compare to DDOG and SNOW?
According to the Software industry distribution chart, Adobe ranks #864 out of 1959 companies for EV-to-EBITDA. This puts Adobe in the upper half of its industry. The industry median EV-to-EBITDA is 10.46. Adobe's value of 9.27 is 11.4% below this benchmark. Historically, Adobe's own EV-to-EBITDA has ranged from 7.89 to 54.43 over the past decade. While the company's 10-year median is 32.80 vs. the industry median of 10.46, Adobe has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.46, based on 1,959 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adobe's current EV-to-EBITDA of 9.27 is 11.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Adobe. For the Software industry, the median EV-to-EBITDA is 10.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adobe's current EV-to-EBITDA is 9.27, which is 72% below median its own 10-year median of 32.80. 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?
Adobe (XSWX:ADBE) has a current EV-to-EBITDA of 9.27. The stock's GF Value™ is CHF478.42, compared to a current price of CHF186.18 — trading 61.1% below its estimated fair value. The current EV-to-EBITDA is 9.27, which is 72% below median its 10-year median of 32.80 and 11.4% below the Software industry median of 10.46. Adobe's overall GF Score™ is 82/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Adobe (XSWX:ADBE), the current EV-to-EBITDA is 9.27 as of Jul. 22, 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 CHF186.18 is trading 61.1% below its estimated GF Value™ of CHF478.42.
Key valuation signals for XSWX:ADBE:
EV-to-EBITDA: 9.27 (72% below median its 10-year median of 32.80)
GF Value™: CHF478.42 vs. price of CHF186.18 (61.1% below fair value)
Industry Position: 11.4% below the Software median (#864 of 1959)
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 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).
82GF Score
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