Valuation + Options Snapshot
ADBE
$231.91 · 52-week range $190.12 – $363.70 · as of 2026-10-07
Value
Cheap
Volatility setup
Fair
What the numbers show
- P/E 12.9× vs 5y median 36.3× — 64.3% below its own history.
- FCF yield 11.7% — rich.
- Dividend yield 0.02% — well covered by TTM FCF (544.3×).
- YoY growth — revenue +12.0%, EPS +11.7%, FCF +10.3%.
- Share count down 10.6% over 8 quarters — meaningful buyback.
- ATM IV 42.9% vs trailing realized vol 40.8% — +2.0 vol points (roughly fair).
- Liquid chain — ATM-band put OI 33,676.
Current P/E
12.9×
5y median P/E
36.3×
vs 5y median
-64.3%
FCF yield
11.74%
Dividend yield
0.02%
Coverage (FCF / div)
544.3×
Revenue YoY
+12.0%
EPS YoY
+11.7%
FCF YoY
+10.3%
Shares Δ (8 quarters)
-10.6%
ATM implied vol
42.9%
Realized vol (1y)
40.8%
IV − RV
+2.0 pts
ATM-band put OI
33,676
Range position
18% 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.