Valuation models
price $250.23 · as of Nov 2, 2026
DCF · Perpetuity growth · 5yused287.34 – 382.39327.9024% undervaluedDCF · Perpetuity growth · 10y325.00 – 434.02371.5133% undervaluedDCF · EBITDA exit · 5y532.83 – 578.94555.2855% undervaluedDCF · EBITDA exit · 10y520.78 – 605.70561.2455% undervaluedP/E · peers410.24 – 627.94487.9049% undervaluedP/E · own history477.53 – 765.74619.9660% undervaluedPEG—387.8535% undervaluedEV/EBITDA · peers367.32 – 519.45403.6938% undervaluedEV/Revenue · peers221.74 – 519.21346.5328% undervaluedEarnings power value116.81 – 158.90134.6586% overvaluedWall St. consensus target—257.503% belowCost of capital (WACC)—9.84%—
DCF · Perpetuity growth · 5y leads for a software company — positive operating income and three years of positive free cash flow. How the headline model is chosen.
Model value · DCF · Perpetuity growth · 5y
327.90
Adobe closed at $250.23 — undervalued by 24% vs model.
287.34the model's range382.39
DCF · Perpetuity growth · 5y leads for a software company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.
Other models
134.65 – 619.96
Wall St. target
257.50 3% below
Below model, 1y
32 of 32 days
How it is valued
Valued asSoftware
Moderate growth (~11% recent)High profitability (30% net margin)Moderately volatile earningsStrong FCF yield (10.1%)
Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.