Valuation + Options Snapshot
ADBE
$220.32 · 52-week range $190.12 – $386.60 · as of 2026-07-06
Value
Cheap
Volatility setup
Premium-rich
What the numbers show
- Current P/E: 12.6× (no 5y history available).
- FCF yield 11.7% — rich.
- Dividend yield 0.02% — well covered by TTM FCF (517.2×).
- YoY growth — revenue +11.5%, EPS +12.0%, FCF +8.9%.
- Share count down 9.7% over 8 quarters — meaningful buyback.
- ATM IV 46.2% vs trailing realized vol 35.5% — +10.7 vol points premium (premium-rich for sellers).
- Liquid chain — ATM-band put OI 38,676.
Current P/E
12.6×
5y median P/E
—
vs 5y median
—
FCF yield
11.74%
Dividend yield
0.02%
Coverage (FCF / div)
517.2×
Revenue YoY
+11.5%
EPS YoY
+12.0%
FCF YoY
+8.9%
Shares Δ (8 quarters)
-9.7%
ATM implied vol
46.2%
Realized vol (1y)
35.5%
IV − RV
+10.7 pts
ATM-band put OI
38,676
Range position
14% above low
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This page is not a recommendation. It shows structural numbers and classification only. Whether ADBE is a name worth owning — at any price or strike — is the analyst work the paid Value Options Letter does every week.