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Adobe (ADBE) Shiller PE Ratio : 66.31 (As of May. 27, 2024)


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What is Adobe Shiller PE Ratio?

As of today (2024-05-27), Adobe's current share price is $475.43. Adobe's E10 for the quarter that ended in Feb. 2024 was $7.17. Adobe's Shiller PE Ratio for today is 66.31.

The historical rank and industry rank for Adobe's Shiller PE Ratio or its related term are showing as below:

ADBE' s Shiller PE Ratio Range Over the Past 10 Years
Min: 32.95   Med: 83.95   Max: 178.7
Current: 66.29

During the past years, Adobe's highest Shiller PE Ratio was 178.70. The lowest was 32.95. And the median was 83.95.

ADBE's Shiller PE Ratio is ranked worse than
80.3% of 919 companies
in the Software industry
Industry Median: 30.59 vs ADBE: 66.29

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.

Adobe's adjusted earnings per share data for the three months ended in Feb. 2024 was $1.360. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $7.17 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adobe Shiller PE Ratio Historical Data

The historical data trend for Adobe's Shiller PE Ratio 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 Shiller PE Ratio Chart

Adobe Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 121.84 137.39 147.41 60.72 87.62

Adobe Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Shiller PE Ratio 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 54.04 66.08 83.90 87.62 78.12

Competitive Comparison of Adobe's Shiller PE Ratio

For the Software - Infrastructure 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's Shiller PE Ratio Distribution in the 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.



Adobe Shiller PE Ratio Calculation

For Shiller PE Ratio, 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 PE Ratio is also called PE10.

The Shiller PE Ratio 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 PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=475.43/7.17
=66.31

* 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's E10 for the quarter that ended in Feb. 2024 is calculated as:

For example, Adobe's adjusted earnings per share data for the three months ended in Feb. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1.36/130.9299*130.9299
=1.360

Current CPI (Feb. 2024) = 130.9299.

Adobe Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201405 0.170 100.373 0.222
201408 0.090 100.352 0.117
201411 0.140 99.635 0.184
201502 0.170 99.032 0.225
201505 0.290 100.333 0.378
201508 0.340 100.548 0.443
201511 0.440 100.135 0.575
201602 0.500 100.040 0.654
201605 0.480 101.355 0.620
201608 0.540 101.617 0.696
201611 0.800 101.829 1.029
201702 0.800 102.779 1.019
201705 0.750 103.256 0.951
201708 0.840 103.587 1.062
201711 1.000 104.072 1.258
201802 1.170 105.052 1.458
201805 1.330 106.148 1.641
201808 1.340 106.383 1.649
201811 1.370 106.338 1.687
201902 1.360 106.649 1.670
201905 1.290 108.048 1.563
201908 1.610 108.245 1.947
201911 1.740 108.519 2.099
202002 1.960 109.139 2.351
202005 2.270 108.175 2.747
202008 1.970 109.662 2.352
202011 4.640 109.793 5.533
202102 2.610 110.968 3.079
202105 2.320 113.576 2.674
202108 2.520 115.421 2.859
202111 2.570 117.269 2.869
202202 2.660 119.703 2.909
202205 2.490 123.323 2.644
202208 2.420 124.958 2.536
202211 2.530 125.607 2.637
202302 2.710 126.928 2.795
202305 2.820 128.314 2.877
202308 3.050 129.538 3.083
202311 3.230 129.548 3.264
202402 1.360 130.930 1.360

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


Adobe  (NAS:ADBE) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Adobe Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Adobe's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Adobe (ADBE) 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).
Executives
Mark S. Garfield officer: VP, CAO & Corp. Controller 345 PARK AVENUE, SAN JOSE CA 95110-2704
Amy Banse director 345 PARK AVENUE, SAN JOSE CA 95110
David Wadhwani officer: SVP & GM, Digital Media ADOBE INC., 345 PARK AVE, SAN JOSE CA 95110
Shantanu Narayen director, officer: President and CEO 345 PARK AVENUE, SAN JOSE CA 95110
Daniel Durn officer: EVP and CFO C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Scott Belsky officer: EVP, Chief Product Officer 345 PARK AVENUE, SAN JOSE CA 95110
Cristiano R Amon director 5775 MOREHOUSE DRIVE, SAN DIEGO CA 92121
John E Warnock director, other: Co-Chairman of the Board C/O ADOBE SYSTEMS INC, 345 PARK AVENUE P O BOX 2704, SAN JOSE CA 95110-2704
Dana Rao officer: EVP, Gen. Counsel & Secretary 345 PARK AVE, SAN JOSE CA 95110
Ann Lewnes officer: SVP, Chief Marketing Officer 345 PARK AVENUE, SAN JOSE CA 95110
David A Ricks director LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
M. Brett Biggs director 702 SW 8TH STREET, BENTONVILLE AR 72716
Laura Desmond director 345 PARK AVENUE, SAN JOSE CA 95110
Spencer Adam Neumann director SIERRA INCOME CORPORATION, 375 PARK AVE., SUITE 3304, NEW YORK NY 10152
Gloria Chen officer: EVP, Strategy & Growth 345 PARK AVENUE, SAN JOSE CA 95110

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