AdobeXSWX:ADBE 85 EV-to-FCF is 8.25 as of Jun. 30, 2026, which is 75% below its 10-year median of 32.94. GuruFocus rates XSWX:ADBE with a GF Score™ of 85/100 and a GF Value™ of CHF476.60 (Significantly Undervalued). Among 1,587 Software companies, Adobe ranks better than 72.34% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Adobe's Enterprise Value is CHF67,115 Mil.
Adobe's Free Cash Flow for the trailing twelve months (TTM) ended in May. 2026 was CHF8,134 Mil. Therefore, Adobe's EV-to-FCF for today is 8.25.
The historical rank and industry rank for Adobe's EV-to-FCF or its related term are showing as below:
XSWX:ADBE'
s EV-to-FCF Range Over the Past 10 Years
Min: 7.77 Med: 32.94 Max: 56.57
Current: 8.12
During the past 13 years, the highest EV-to-FCF of Adobe was 56.57. The lowest was 7.77. And the median was 32.94.
XSWX:ADBE's EV-to-FCF is ranked better than 72.34% of 1587
companies
in the Software industry
Industry Median: 14.04
vs XSWX:ADBE: 8.12
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
As of today (2026-06-30), Adobe's stock price is CHF165.13.
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 11.94.
Adobe (XSWX:ADBE) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 CHF165.13.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Adobe EV-to-FCF Related Terms
Adobe EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Adobe's EV-to-FCF 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-FCF Comparison
For the Software - Application subindustry, Adobe's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Software Industry
For the Software industry and Technology sector, Adobe's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Adobe's EV-to-FCF falls into.
Adobe's current Enterprise Value is CHF67,115 Mil.
Adobe's Free Cash Flow 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 CHF8,134 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-FCF of 8.25 as of Jun. 30, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Adobe and its competitors. This is 75% below median its historical median of 32.94. Over the past decade, Adobe's EV-to-FCF has ranged from 7.77 to 56.57. According to the industry distribution chart, Adobe ranks #439 out of 1587 companies in the Software industry, placing it in the top 27.7%.
Is Adobe's EV-to-FCF too high?
Adobe's current EV-to-FCF of 8.25 is 75% below median its 10-year median of 32.94. Over the past 10 years, this metric has ranged from a low of 7.77 to a high of 56.57. The Software industry median EV-to-FCF is 14.04. Adobe's value of 8.25 is 41.2% below this industry median. Based on the distribution chart, Adobe ranks #439 out of 1587 companies in the Software industry, which is above the industry midpoint. 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 EV-to-FCF compare to DDOG and SNOW?
According to the Software industry distribution chart, Adobe ranks #439 out of 1587 companies for EV-to-FCF. This puts Adobe in the upper half of its industry. The industry median EV-to-FCF is 14.04. Adobe's value of 8.25 is 41.2% below this benchmark. Historically, Adobe's own EV-to-FCF has ranged from 7.77 to 56.57 over the past decade. While the company's 10-year median is 32.94 vs. the industry median of 14.04, 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-FCF for a Software company?
The median EV-to-FCF among Software companies is 14.04, based on 1,587 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Adobe's current EV-to-FCF of 8.25 is 41.2% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Adobe and its competitors. For the Software industry, the median EV-to-FCF is 14.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adobe's current EV-to-FCF is 8.25, which is 75% below median its own 10-year median of 32.94. 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 CHF165.13 — trading 65.4% below its estimated fair value. The current EV-to-FCF is 8.25, which is 75% below median its 10-year median of 32.94 and 41.2% below the Software industry median of 14.04. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Adobe (XSWX:ADBE), the current EV-to-FCF is 8.25 as of Jun. 30, 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 CHF165.13 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:
EV-to-FCF: 8.25 (75% below median its 10-year median of 32.94)
GF Value™: CHF476.60 vs. price of CHF165.13 (65.4% below fair value)
Industry Position: 41.2% below the Software median (#439 of 1587)
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).
85GF Score
Get the complete analysis for XSWX:ADBE
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:ADBE has been successfully added to your 
