Adobe (ADBE) EV to EBITDA (2009 - 2026)
Adobe's EV to EBITDA was 10.79 in fiscal Q3 2026 (quarter ended Aug 28, 2026), down 30.6% from 15.55 a year earlier but up 8.7% from the prior quarter.
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Analysis
Adobe (ADBE) EV to EBITDA (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Adobe's EV to EBITDA was 8.89 through Aug 28, 2026, down 33.0% year-over-year; for FY2025 (ended Nov 28, 2025), it was 13.19, down 54.4% from FY2024.
- In earlier fiscal years, EV to EBITDA was 28.91 in FY2024 (-19.7%), 36.01 in FY2023 (+65.1%), 21.81 in FY2022 (-49.9%) and 43.56 in FY2021 (-2.2%).
- Quarterly EV to EBITDA has moved between 9.93 (fiscal Q2 2026) and 43.56 (fiscal Q4 2021) over five years.
- Compared with a year earlier, EV to EBITDA has declined for ten straight quarters, with an average decline of 41.3% over the last eight quarters.
- The best year-over-year quarter for EV to EBITDA over five years was fiscal Q1 2024 (growth of 68.2%); the worst was fiscal Q4 2025 (a decline of 54.4%).
- Per Business Quant data, ADBE's EV to EBITDA in the three fiscal quarters before Q3 2026 was 9.93 (Q2 2026), 10.24 (Q1 2026) and 13.19 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 99.39 Bn | 74.64 Bn | 6.00 Bn |
| 2 | Atlassian | 56.40 Bn | 49.68 Bn | 1.53 Bn |
| 3 | Autodesk | 51.55 Bn | 39.59 Bn | 1.87 Bn |
| 4 | Twilio | 41.87 Bn | 31.94 Bn | 725.87 Mn |
| 5 | Zoom Communications | 28.87 Bn | -1.92 Bn | 985.50 Mn |
| 6 | Figma | 12.14 Bn | 5.65 Bn | 309.61 Mn |
| 7 | Dropbox | 8.22 Bn | 3.86 Bn | 506.50 Mn |
| 8 | Nice | 7.17 Bn | 5.64 Bn | 995.81 Mn |
| 9 | RingCentral | 6.72 Bn | 6.21 Bn | 472.31 Mn |
| 10 | Open Text | 6.42 Bn | 1.85 Bn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Aug 28, 2026 | 10.79 |
| May 29, 2026 | 9.93 |
| Feb 27, 2026 | 10.24 |
| Nov 28, 2025 | 13.19 |
| Aug 29, 2025 | 15.55 |
| May 30, 2025 | 18.90 |
| Feb 28, 2025 | 20.70 |
| Nov 29, 2024 | 28.91 |
| Aug 30, 2024 | 33.58 |
| May 31, 2024 | 27.00 |
| Mar 1, 2024 | 36.80 |
| Dec 1, 2023 | 36.01 |
| Sep 1, 2023 | 34.26 |
| Jun 2, 2023 | 27.24 |
| Mar 3, 2023 | 21.88 |
| Dec 2, 2022 | 21.81 |
| Sep 2, 2022 | 23.94 |
| Jun 3, 2022 | 28.68 |
| Mar 4, 2022 | 31.00 |
| Dec 3, 2021 | 43.56 |
API Access
Adobe EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=ADBE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "ADBE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=ADBE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();