Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 11.28.
Forward PE Ratio (11.28) = Close Price ($275.30) / Consensus Forward EPS ($24.40)
FORWARD PE RATIO
11.28
SECTOR MEDIAN · TECHNOLOGY
27.14
median of 147 covered companies
CURRENT VS SECTOR MEDIAN
-58.44%
vs the sector median at left
Adobe Inc.
Market Cap
$109.43B
Forward PE Ratio
11.28
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Adobe Inc. (ADBE) | $109.43B | 11.28 |
| Automatic Data Processing, Inc. (ADP)vs › | $112.25B | 25.36 |
| Fortinet, Inc. (FTNT)vs › | $112.63B | 44.60 |
| Accenture plc (ACN)vs › | $113.38B | 13.37 |
| Cloudflare, Inc. (NET)vs › | $104.02B | 232.53 |
| Snowflake Inc. (SNOW)vs › | $115.34B | 274.53 |
| AppLovin Corporation (APP)vs › | $102.72B | 19.32 |
| Intuit Inc. (INTU)vs › | $100.39B | 15.40 |
| Corning Inc (GLW)vs › | $129.03B | 45.73 |
| Cadence Design Systems, Inc. (CDNS)vs › | $87.86B | 39.19 |
Trailing P/E
15.8
reported TTM EPS
Forward P/E
11.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $24.40 implies +39.6% EPS growth vs the reported trailing $17.48.
At today's $275.30 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-11-28 | $24.40 | $23.44 – $24.52 | 23 | 11.3x |
| 2027-11-28 | $27.51 | $26.29 – $28.58 | 23 | 10.0x |
| 2028-11-28 | $31.42 | $28.47 – $36.20 | 10 | 8.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute