Adobe Inc.
$103.04B- Market cap
- $102.26B
- Debt
- +$6.21B
- Cash
- −$5.43B
Capital structure 94% equity / 6% debt · EV / Revenue 4.34x · EV proxy / EBITDA proxy 10.82x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · Mkt capMarket cap $102.26B · View financials
Snapshot Sep 8, 2026, 4:00 PM ET
FY 2026 · View financials
Decision snapshot: ADBE stock price at discount vs WDAY $257.26 current versus $1.20K implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at WDAY's multiple
Implied fair value · at ADBE's multiple
Snapshot Sep 8, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Reported gross margin
Operating income + D&A
Lower is better
Lower P/E
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Nine period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Capital structure 94% equity / 6% debt · EV / Revenue 4.34x · EV proxy / EBITDA proxy 10.82x
Complete market value, debt and cash evidence is required for enterprise value.
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
ADOBE INC. · implied price per share
Bear
$313.20
Base
$377.85
Bull
$467.00
WORKDAY, INC. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe ADBE can sustain mid-teens revenue growth or even just preserve its current profitability profile, then ADBE looks attractive relative to WDAY because it trades at far lower earnings and EBITDA multiples despite materially stronger margins and ROIC.
ADBE trades at a much lower earnings multiple than WDAY, yet the comparison suggests its operating quality is meaningfully better. The valuation gap is especially large on P/E and EV/EBITDA, which helps explain the implied upside to $1104.01 versus the current $257.79 price.
Supporting Metrics