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Adobe (ADBE) Cyclically Adjusted Price-to-FCF : 30.01 (As of Jul. 04, 2025)


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What is Adobe Cyclically Adjusted Price-to-FCF?

As of today (2025-07-04), Adobe's current share price is $379.31. Adobe's Cyclically Adjusted FCF per Share for the quarter that ended in May. 2025 was $12.64. Adobe's Cyclically Adjusted Price-to-FCF for today is 30.01.

The historical rank and industry rank for Adobe's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

ADBE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 28.59   Med: 57.54   Max: 115.28
Current: 30

During the past years, Adobe's highest Cyclically Adjusted Price-to-FCF was 115.28. The lowest was 28.59. And the median was 57.54.

ADBE's Cyclically Adjusted Price-to-FCF is ranked better than
50.78% of 707 companies
in the Software industry
Industry Median: 31.57 vs ADBE: 30.00

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Adobe's adjusted free cash flow per share data for the three months ended in May. 2025 was $4.998. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $12.64 for the trailing ten years ended in May. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adobe Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Adobe's Cyclically Adjusted Price-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.

* Premium members only.

Adobe Cyclically Adjusted Price-to-FCF Chart

Adobe Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 94.85 102.62 41.69 62.30 44.69

Adobe Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25
Cyclically Adjusted Price-to-FCF 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 42.12 52.38 44.69 35.96 32.83

Competitive Comparison of Adobe's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Adobe's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-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's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Adobe's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Adobe's Cyclically Adjusted Price-to-FCF falls into.


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Adobe Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Adobe's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=379.31/12.64
=30.01

* 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 Cyclically Adjusted FCF per Share for the quarter that ended in May. 2025 is calculated as:

For example, Adobe's adjusted Free Cash Flow per Share data for the three months ended in May. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of May. 2025 (Change)*Current CPI (May. 2025)
=4.998/135.3468*135.3468
=4.998

Current CPI (May. 2025) = 135.3468.

Adobe Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201508 0.616 100.548 0.829
201511 0.768 100.135 1.038
201602 0.893 100.040 1.208
201605 0.862 101.355 1.151
201608 0.919 101.617 1.224
201611 1.289 101.829 1.713
201702 1.397 102.779 1.840
201705 1.178 103.256 1.544
201708 1.299 103.587 1.697
201711 1.587 104.072 2.064
201802 1.791 105.052 2.307
201805 1.869 106.148 2.383
201808 1.795 106.383 2.284
201811 2.105 106.338 2.679
201902 1.919 106.649 2.435
201905 1.959 108.048 2.454
201908 1.697 108.245 2.122
201911 2.614 108.519 3.260
202002 2.523 109.139 3.129
202005 2.243 108.175 2.806
202008 2.701 109.662 3.334
202011 3.483 109.793 4.294
202102 3.547 110.968 4.326
202105 3.936 113.576 4.690
202108 2.721 115.421 3.191
202111 4.089 117.269 4.719
202202 3.514 119.703 3.973
202205 4.047 123.323 4.442
202208 3.367 124.958 3.647
202211 4.804 125.607 5.176
202302 3.461 126.928 3.691
202305 4.397 128.314 4.638
202308 3.882 129.538 4.056
202311 3.374 129.548 3.525
202402 2.493 130.930 2.577
202405 4.211 132.509 4.301
202408 4.384 132.816 4.468
202411 6.488 133.110 6.597
202502 5.607 134.624 5.637
202505 4.998 135.347 4.998

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

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) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Adobe Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Adobe's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Adobe Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Adobe Inc (NAS:ADBE) » Definitions » Cyclically Adjusted Price-to-FCF
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
Daniel Durn officer: EVP and CFO C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
David A Ricks director LILLY CORPORATE CENTER, INDIANAPOLIS IN 46285
Scott Belsky officer: EVP, Chief Product Officer 345 PARK AVENUE, SAN JOSE CA 95110
Amy Banse director 345 PARK AVENUE, SAN JOSE CA 95110
Shantanu Narayen director, officer: President and CEO 345 PARK AVENUE, SAN JOSE CA 95110
Mark S. Garfield officer: VP, CAO & Corp. Controller 345 PARK AVENUE, SAN JOSE CA 95110-2704
Dana Rao officer: EVP, Gen. Counsel & Secretary 345 PARK AVE, SAN JOSE CA 95110
Anil Chakravarthy officer: EVP & GM, Digital Experience C/O INFORMATICA CORPORATION, 2100 SEAPORT BOULEVARD, REDWOOD CITY CA 94063
David Wadhwani officer: SVP & GM, Digital Media ADOBE INC., 345 PARK AVE, 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
Ann Lewnes officer: SVP, Chief Marketing Officer 345 PARK AVENUE, SAN JOSE CA 95110
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