ADBE
Adobe Inc.Technology · $98.9B market cap
Verdict
Share price
$237.69
close of Oct 3, 2026
Fair value
$467.09
Sticker Price
Payback Price
$186.84
buy price
ADBE is Undervalued: at $237.69 it trades 49% below its fair value of $467.09. Its buy price (Payback Price) is $186.84, 21% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew 11% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
4 of 5 clear the 10% bar. What are the Big Five?
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9 of the investors we track hold ADBE. In Q2 2026, 3 added, 1 trimmed and 1 sold out. Who we track
Dodge & Cox Funds
Dodge & Cox Funds · as of Q2 2026
$638.6M
3,114,932 shares
Bill Nygren
Oakmark Funds · as of Q2 2026
$580.0M
2,829,066 shares
Samantha McLemore
Patient Capital Management · as of Q2 2026
$74.0M
361,126 shares
Jensen Investment Management
Jensen Investment Management · as of Q2 2026
$6.9M
33,545 shares
Hillman Capital Management
Hillman Capital Management · as of Q2 2026
$3.5M
17,288 shares
Show all 9 holdersShow fewer
Polen Capital Management
Polen Capital Management · as of Q2 2026
$1.6M
7,581 shares
Lindsell Train
Lindsell Train · as of Q2 2026
$1.4M
7,000 shares
Mairs & Power Funds
Mairs & Power Funds · as of Q2 2026
$404K
1,969 shares
Richard Pzena
Pzena Investment Management · as of Q2 2026
$224K
1,094 shares
Moves in Q2 2026
Added: Bill Nygren, Samantha McLemore, Dodge & Cox Funds
Trimmed: Polen Capital Management
Sold out: William Von Mueffling
Insider activity
Since Jun 15, 2026: 1 open-market purchase worth $1.9M, 1 sale worth $110K and 71 other filings (stock awards, tax withholding and similar). Why purchases matter
Purchases
Sales
Other filings
Day Steven
Interim CFO and SVP · 2026-08-15
Tax withholding
$7K
Day Steven
Interim CFO and SVP · 2026-08-15
Option exercise
58 shares
Day Steven
Interim CFO and SVP · 2026-07-15
Tax withholding
$6K
Day Steven
Interim CFO and SVP · 2026-07-15
Option exercise
55 shares
Day Steven
Interim CFO and SVP · 2026-07-15
Tax withholding
$7K
Show all 71 other filingsShow fewer
Day Steven
Interim CFO and SVP · 2026-07-15
Option exercise
63 shares
Day Steven
Interim CFO and SVP · 2026-07-15
Tax withholding
$17K
Day Steven
Interim CFO and SVP · 2026-07-15
Option exercise
153 shares
Day Steven
Interim CFO and SVP · 2026-07-15
Tax withholding
$46K
Day Steven
Interim CFO and SVP · 2026-07-15
Option exercise
419 shares
Day Steven
Interim CFO and SVP · 2026-07-15
Award
22,616 shares
Chakravarthy Anil
President, CXO · 2026-07-15
Tax withholding
$85K
Chakravarthy Anil
President, CXO · 2026-07-15
Tax withholding
$49K
Chakravarthy Anil
President, CXO · 2026-07-15
Option exercise
761 shares
Chakravarthy Anil
President, CXO · 2026-07-15
Option exercise
437 shares
Chakravarthy Anil
President, CXO · 2026-07-15
Tax withholding
$77K
Chakravarthy Anil
President, CXO · 2026-07-15
Option exercise
696 shares
Chakravarthy Anil
President, CXO · 2026-07-15
Tax withholding
$126K
Chakravarthy Anil
President, CXO · 2026-07-15
Option exercise
1,130 shares
Forusz Jillian
SVP & CAO · 2026-07-15
Tax withholding
$4K
Forusz Jillian
SVP & CAO · 2026-07-15
Option exercise
60 shares
Forusz Jillian
SVP & CAO · 2026-07-15
Tax withholding
$2K
Forusz Jillian
SVP & CAO · 2026-07-15
Option exercise
34 shares
Forusz Jillian
SVP & CAO · 2026-07-15
Tax withholding
$2K
Forusz Jillian
SVP & CAO · 2026-07-15
Option exercise
22 shares
Forusz Jillian
SVP & CAO · 2026-07-15
Tax withholding
$53K
Forusz Jillian
SVP & CAO · 2026-07-15
Option exercise
576 shares
Forusz Jillian
SVP & CAO · 2026-07-15
Award
18,093 shares
Wadhwani David
President, C&P · 2026-07-15
Tax withholding
$85K
Wadhwani David
President, C&P · 2026-07-15
Tax withholding
$49K
Wadhwani David
President, C&P · 2026-07-15
Option exercise
761 shares
Wadhwani David
President, C&P · 2026-07-15
Option exercise
437 shares
Wadhwani David
President, C&P · 2026-07-15
Tax withholding
$77K
Wadhwani David
President, C&P · 2026-07-15
Option exercise
696 shares
Wadhwani David
President, C&P · 2026-07-15
Tax withholding
$126K
Wadhwani David
President, C&P · 2026-07-15
Option exercise
1,130 shares
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Award
31,662 shares
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Tax withholding
$86K
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Tax withholding
$49K
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Option exercise
770 shares
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Option exercise
442 shares
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Tax withholding
$81K
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Option exercise
725 shares
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Tax withholding
$146K
Chen Gloria
EVP, Chief People Officer · 2026-07-15
Option exercise
1,308 shares
Pentland Adele Louise
Chief Legal Officer & EVP · 2026-07-15
Tax withholding
$146K
Pentland Adele Louise
Chief Legal Officer & EVP · 2026-07-15
Option exercise
1,308 shares
Pentland Adele Louise
Chief Legal Officer & EVP · 2026-07-15
Award
31,662 shares
Balazs Lara
Chief Marketing Officer & EVP · 2026-07-15
Tax withholding
$137K
Balazs Lara
Chief Marketing Officer & EVP · 2026-07-15
Tax withholding
$146K
Balazs Lara
Chief Marketing Officer & EVP · 2026-07-15
Option exercise
1,230 shares
Balazs Lara
Chief Marketing Officer & EVP · 2026-07-15
Option exercise
1,308 shares
Balazs Lara
Chief Marketing Officer & EVP · 2026-07-15
Award
31,662 shares
NARAYEN SHANTANU
Chair and CEO · 2026-07-15
Tax withholding
$245K
NARAYEN SHANTANU
Chair and CEO · 2026-07-15
Tax withholding
$141K
NARAYEN SHANTANU
Chair and CEO · 2026-07-15
Option exercise
2,200 shares
NARAYEN SHANTANU
Chair and CEO · 2026-07-15
Option exercise
1,264 shares
NARAYEN SHANTANU
Chair and CEO · 2026-07-15
Tax withholding
$220K
NARAYEN SHANTANU
Chair and CEO · 2026-07-15
Option exercise
1,977 shares
NARAYEN SHANTANU
Chair and CEO · 2026-07-15
Tax withholding
$318K
NARAYEN SHANTANU
Chair and CEO · 2026-07-15
Option exercise
2,857 shares
Forusz Jillian
SVP & CAO · 2026-06-15
Tax withholding
$17K
Forusz Jillian
SVP & CAO · 2026-06-15
Option exercise
234 shares
Forusz Jillian
SVP & CAO · 2026-06-15
Tax withholding
$16K
Forusz Jillian
SVP & CAO · 2026-06-15
Option exercise
227 shares
Pentland Adele Louise
Chief Legal Officer & EVP · 2026-06-15
Tax withholding
$759K
Pentland Adele Louise
Chief Legal Officer & EVP · 2026-06-15
Option exercise
7,800 shares
Day Steven
Interim CFO and SVP · 2026-06-15
Tax withholding
$24K
Day Steven
Interim CFO and SVP · 2026-06-15
Option exercise
234 shares
Day Steven
Interim CFO and SVP · 2026-06-15
Tax withholding
$32K
Day Steven
Interim CFO and SVP · 2026-06-15
Option exercise
312 shares
About Adobe Inc.
Adobe Inc. stands as a prominent global software provider, delivering a diverse range of solutions. Its operations are structured into three primary business divisions: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment empowers individuals, teams, and enterprises to generate, disseminate, and amplify various forms of content through its array of products and services…
Software - Application
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works