Adobe Inc. (ADBE)
Technology · Software - Application · Data as of 2026-10-22
Bottom line
ADBE is trading at a discount to its history, near its historical support zone, and recent volume shows no clear direction. Historically, this combination has been a favourable starting point for further research. Past patterns are not a guarantee of future results.
Valuation — Trading at a discount to its history (Green)
ADBE trades at 14× earnings, below its own 5-year average of 43× and below similar technology companies we track (31×, 86 peers). Historically this has been on the cheaper side for the stock. It also generates strong cash: a free-cash-flow yield of about 11%. Its current multiple sits around the 6th percentile of its own last five years — toward the low end of its own range. Its fundamentals scored 7 of 9 on a standard year-over-year quality checklist — most of the underlying trends improved last fiscal year.
Price zones — Near its historical support zone (Green)
At $270.55, the stock is close to the lower end of its recent range. Over the past year ADBE has traded between $190.12 and $363.70; its historical support zone sits near $255.92 and resistance near $363.70. It is above both its 50- and 200-day averages, which has historically signalled an uptrend.
52-week range $190.12–$363.70 · 50-day average $255.92 · 200-day average $252.61
Money flow — No clear direction (Yellow)
Buying and selling volume in ADBE have been fairly balanced recently, with no strong accumulation or distribution pattern. Volume on up days has been about 1.2× volume on down days over the last 30 sessions.
Dividends & company facts
ADBE doesn't pay a dividend now; it last paid one in March 2005, but it bought back $11.1 billion of its shares in fiscal 2025, about 11.2% of its market value. Its share count fell 8.1% over the past year and 17.9% over five.
- Buybacks
- 11.15% (fiscal 2025)
- Shares, past year
- -8.1%
- Revenue, 12 months
- $26.0B
- Profit, 12 months
- $7.3B
- Employees
- 31,360
- CEO
- Shantanu Narayen
- Headquarters
- San Jose, CA
- Listed since
- 1986 · NASDAQ
About the company
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.
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一句话结论
ADBE 相对自身历史处于折价水平，接近其历史支撑区，近期成交量没有明确方向。从历史来看，这样的组合是一个值得进一步研究的有利起点。过去的形态并不能保证未来的结果。
估值 — 相对自身历史处于折价水平
ADBE 目前的市盈率为 14×，低于其自身 5 年平均的 43×，并且低于我们追踪的同类Technology公司（31×，86 家）。从历史来看，这属于该股较便宜的一侧。它同时产生充沛的现金：自由现金流收益率约为 11%。它当前的估值倍数大约位于自身过去五年分布的第 6 百分位——处于自身区间的偏低位置。在一套标准的逐年基本面核对清单上，它 9 项中通过了 7 项——上一财年多数底层趋势在改善。
价格区间 — 接近其历史支撑区
目前价格为 $270.55，接近其近期区间的下沿。过去一年 ADBE 的价格在 $190.12 到 $363.70 之间波动；其历史支撑区在 $255.92 附近，阻力区在 $363.70 附近。它同时位于 50 日和 200 日均线上方，这在历史上通常对应上升趋势。
资金流向 — 方向不明确
ADBE 近期的买卖成交量大致均衡，没有明显的吸筹或派发形态。过去 30 个交易日，上涨日的成交量约为下跌日的 1.2×。
股息与公司概况
ADBE 目前不派发股息；最近一次派息是在 2005年3月，但在 2025 财年回购了 111亿美元 的股票，约占市值的 11.2%。其股数过去一年减少了 8.1%，五年减少了 17.9%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.