AD
Adobe Inc.
ADBE · Technology Software
Company brief
AD
ADBETechnology Software$210.5B

Adobe Inc.

Global leader in digital media and digital marketing solutions

Moat score
9.2/100
13F status
Tracking pending
Main Metrics

Beginner valuation check

Price
$245
Next earnings
Data pending

Data pending from FMP or Finnhub.

1Y Performance
-39%

Negative price performance shows recent market sentiment, not a full investment thesis.

Forward P/E
10.2x

Forward P/E around 10.2x means investors pay about $10.2 for each expected $1 of future profit per share, usually the next 12 months or next fiscal year. It is a forecast, not a fact.

P/E
13.9x

A P/E around 13.9x means investors pay about $13.9 for each $1 the company earned per share over the last 12 months, usually the last four quarterly reports.

EPS
$17.17
Market Cap
$100.1B
Forward P/E is the cleanest beginner valuation anchor here; compare it with growth and recent performance.

Source: market data index. As of May 21, 2026. P/E can be unavailable or misleading when earnings are negative.

Scenario Framework

Bull / Neutral / Bear

Neutral Case

Adobe continues monetizing Creative Cloud, Document Cloud, and Experience Cloud while the market treats the 10.2x forward P/E as a reasonable starting point.

Watch signal

Forward P/E around 10.2x remains reasonable versus growth.

What you own

Adobe Inc. is exposure to technology software operating model with high switching costs and 113% net revenue retention.

Base thesis

Creative Cloud's 26M+ subscribers create massive file lock-in with proprietary formats (.psd, .ai, .prproj)

Main risk

The main question is whether the company can keep customer value compounding without margin pressure eroding the moat.

How to inspect it

Pro access unlocks the workflow simulator for this company brief.

Simulator coverage pending

This ticker has a company brief, but richer workflow modules have not been built yet.

Investor Snapshot
9.2Moat Score
Net Revenue Retention113%
Retention RiskLow
AI Disruption RiskMedium
Switching CostsHigh
13F Ownership
Tracking pending

No SEC-backed 13F rows are matched for this ticker yet. We do not fabricate ownership rows.

Investment Thesis
  • Creative Cloud's 26M+ subscribers create massive file lock-in with proprietary formats (.psd, .ai, .prproj)
  • Professional workflows become muscle memory after 6+ months, creating behavioral switching costs
  • Enterprise integrations with Adobe's full stack (Analytics, Target, AEM) create technical switching barriers
  • AI features like Firefly are trained on Adobe Stock's licensed content, providing unique competitive moat
  • Subscription model generates predictable revenue with 90%+ gross retention rates