Superworth

Adobe price to free cash flow ADBE

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026
9.7×
10-year median
33.3×
Against its 10-year history
4th
percentile: 0 is its lowest day, 100 its highest
10-year range
7.5× to 55.9×
Peer median
39.8×

Adobe's price to free cash flow is 9.7× as of Oct 23, 2026.

That is below its ten-year median of 33.3×, lower than on 96% of days in the last ten years.

Over that time it ranged from 7.5× in Jun 2026 to 55.9× in Aug 2020.

The median for 10 application software stocks of a similar size is 39.8×.

Price to free cash flow over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far9.7×7.5×14.6×
202515.4×14.0×28.9×
202430.0×30.0×41.3×
202335.6×19.8×37.0×
202221.9×17.9×37.6×
202140.9×39.8×49.7×
202048.9×32.8×55.9×
201942.2×31.4×42.2×
201831.0×29.0×42.3×
201733.4×28.2×35.2×
201629.4×28.5×36.2×
201537.3×30.7×37.6×
201435.3×27.5×39.1×
201327.7×14.9×28.3×
201214.5×11.3×14.8×
201111.9×9.7×19.0×
201017.3×15.1×20.7×

Against its peers

Companies in Software - Application nearest Adobe's size, closest first, today.

CompanyPrice to free cash flow
ADBEAdobe9.7×
DDOGDatadog81.9×
SNOWSnowflake96.1×
INTUIntuit10.6×
ADPAutomatic Data Processing23.0×
CDNSCadence Design Systems51.9×
APPAppLovinn/m
UBERUber Technologies13.5×
NOWServiceNow35.9×
TEAMAtlassian43.7×
MSTRStrategyn/m
Peer median39.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Adobe

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.