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Adobe (ADBE) Cyclically Adjusted PS Ratio : 11.64 (As of Jul. 05, 2025)


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What is Adobe Cyclically Adjusted PS Ratio?

As of today (2025-07-05), Adobe's current share price is $379.31. Adobe's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2025 was $32.60. Adobe's Cyclically Adjusted PS Ratio for today is 11.64.

The historical rank and industry rank for Adobe's Cyclically Adjusted PS Ratio or its related term are showing as below:

ADBE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 10.1   Med: 20.8   Max: 40.93
Current: 11.64

During the past years, Adobe's highest Cyclically Adjusted PS Ratio was 40.93. The lowest was 10.10. And the median was 20.80.

ADBE's Cyclically Adjusted PS Ratio is ranked worse than
88.49% of 1381 companies
in the Software industry
Industry Median: 2.23 vs ADBE: 11.64

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Adobe's adjusted revenue per share data for the three months ended in May. 2025 was $13.690. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $32.60 for the trailing ten years ended in May. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Adobe Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Adobe's Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio Chart

Adobe Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.11 37.71 15.90 23.88 17.19

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 PS 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 15.91 19.83 17.19 13.98 12.73

Competitive Comparison of Adobe's Cyclically Adjusted PS Ratio

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

For the Software industry and Technology sector, Adobe's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Adobe's Cyclically Adjusted PS Ratio falls into.


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Adobe Cyclically Adjusted PS Ratio Calculation

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

Adobe's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=379.31/32.60
=11.64

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2025 (Change)*Current CPI (May. 2025)
=13.69/135.3468*135.3468
=13.690

Current CPI (May. 2025) = 135.3468.

Adobe Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201508 2.408 100.548 3.241
201511 2.575 100.135 3.480
201602 2.736 100.040 3.702
201605 2.771 101.355 3.700
201608 2.907 101.617 3.872
201611 3.205 101.829 4.260
201702 3.358 102.779 4.422
201705 3.542 103.256 4.643
201708 3.679 103.587 4.807
201711 4.003 104.072 5.206
201802 4.163 105.052 5.364
201805 4.406 106.148 5.618
201808 4.611 106.383 5.866
201811 4.967 106.338 6.322
201902 5.265 106.649 6.682
201905 5.575 108.048 6.984
201908 5.772 108.245 7.217
201911 6.100 108.519 7.608
202002 6.334 109.139 7.855
202005 6.449 108.175 8.069
202008 6.649 109.662 8.206
202011 7.104 109.793 8.757
202102 8.085 110.968 9.861
202105 7.973 113.576 9.501
202108 8.181 115.421 9.593
202111 8.545 117.269 9.862
202202 8.973 119.703 10.146
202205 9.273 123.323 10.177
202208 9.452 124.958 10.238
202211 9.731 125.607 10.486
202302 10.120 126.928 10.791
202305 10.492 128.314 11.067
202308 10.654 129.538 11.132
202311 10.988 129.548 11.480
202402 11.364 130.930 11.747
202405 11.772 132.509 12.024
202408 12.071 132.816 12.301
202411 12.660 133.110 12.873
202502 13.046 134.624 13.116
202505 13.690 135.347 13.690

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Adobe Cyclically Adjusted PS Ratio Related Terms

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


Adobe Business Description

Industry
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