Stock Analysis on Net

Adobe Inc. (NASDAQ:ADBE)

$24.99

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Adobe Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in millions
Common equity (market value)1
Add: Preferred stock, $0.0001 par value; none issued (per books)
Total equity
Add: Debt, current portion (per books)
Add: Debt, excluding current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2023-12-01).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Adobe Inc., EV calculation

Microsoft Excel
Dec 1, 2023 Dec 2, 2022 Dec 3, 2021 Nov 27, 2020 Nov 29, 2019 Nov 30, 2018
Share price1, 2
No. shares of common stock outstanding1
US$ in millions
Common equity (market value)3
Add: Preferred stock, $0.0001 par value; none issued (book value)
Total equity
Add: Debt, current portion (book value)
Add: Debt, excluding current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2023-12-01), 10-K (reporting date: 2022-12-02), 10-K (reporting date: 2021-12-03), 10-K (reporting date: 2020-11-27), 10-K (reporting date: 2019-11-29), 10-K (reporting date: 2018-11-30).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Adobe Inc. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Adobe Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.