Sells creative, document and marketing software by subscription to individuals, businesses and enterprises.
Adobe (ADBE) scores 8.1 out of 10 as of , computed from its reported financial statements. That reads as high quality. The reading rests on profitability, and growth is what holds it back.
Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.
We cannot judge Adobe yet, because fewer than five years had both a return on capital and a cost of capital we could measure. This is not a “no”.
Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →
Few businesses convert revenue into cash this cleanly, so profitability and efficiency should carry the score comfortably. Growth is the pillar under pressure: a mature subscription base grows through price and seats, and generative tools have made the competitive question genuinely open for the first time in years. Quality here is a test of whether the moat still shows up in the statements.
On the filings behind it, Adobe earns 8.1 out of 10 for business quality as of October 17, 2026. That is high quality on our scale. A high reading means most of the pillars are strong, with no serious weakness pulling the average down. The figure is a weighted average of five pillars, each scored from 0 to 10 against sector-aware benchmarks from reported statements.
Among the 260 Technology companies with a published score, that ranks at the 99th percentile, among the top tenth of the group. The median across the group is 5.9, and the top quarter begins at 6.7, so Adobe is well above the typical company here.
Profitability scores 9.2 out of 10, which reads as strong. The median across 256 Technology companies is 4.6, so Adobe is well above its peers on this pillar and ranks at the 96th percentile. A reading this strong says the business earns well on what it sells and on the capital it uses, the kind of margin profile competitors find hard to copy.
Solvency scores 8.8 out of 10, which reads as strong. The median across 194 Technology companies is 8.0, so Adobe is above its peers on this pillar and ranks at the 65th percentile. A high solvency score means leverage is modest relative to earnings and cash flow, which gives management room to act in a bad year.
Adobe’s growth score is 6.4 out of 10 (average). Against a median of 6.4 among 207 Technology companies, that is in line with the group and the 48th percentile. Average growth reflects a business expanding at roughly the pace of its sector, without a clear acceleration or decline.
Adobe’s efficiency score is 7.6 out of 10 (strong). Against a median of 7.1 among 240 Technology companies, that is above the group and the 63rd percentile. A strong efficiency reading usually shows up as healthy cash conversion: reported profit arriving as real cash rather than staying on the balance sheet.
Adobe’s predictability score is 8.3 out of 10 (strong). Against a median of 4.7 among 258 Technology companies, that is well above the group and the 97th percentile. High predictability means the company’s results have moved steadily from year to year, which makes the other pillars more trustworthy as a guide.
The profile is uneven. Profitability leads at 9.2 while growth trails at 6.4, a gap of 2.8 points, so the overall averages a clear strength against a clear soft spot. Leading with profitability is the most valuable kind of strength, because margins and returns are what the other pillars ultimately feed. A growth shortfall often comes with size or a maturing market, and is less of a concern if the other pillars are strong.
Every scored pillar is at or above the median of Technology companies, so there is no catch-up left to lift the overall. The risk runs the other way: a one point fall in profitability, the heaviest of them, would take the score from 8.1 to about 7.8. All five pillars could be scored, so the overall uses the full set of weights out of 100: profitability 25, solvency 20, growth 20, efficiency 15, predictability 20.
These are the Technology companies closest to Adobe in market value. Each has its own page scored on the same five pillars, so the comparison is like for like.
How much profit the company generates from its capital and sales.
The company’s ability to service debt and meet its obligations.
How fast revenue, earnings and cash flow are compounding.
How well assets and earnings convert into cash and output.
How stable and consistent results have been over time.
Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.
This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.
Educational only. Not investment advice.
On this reading Adobe scores 8.1 out of 10, which reads as high quality. Its strongest pillar is profitability, its weakest is growth. Quality is not the same as a good investment: the score says nothing about the price you would pay.
Adobe ranks at the 99th percentile of the 260 Technology companies Lemma publishes a score for. The median there is 5.9 and the top quarter starts at 6.7, against Adobe’s 8.1.
Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.
This page last changed on October 17, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for ADBE are in the app.
No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.
Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.
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