I've seen far too many bullish posts about adbe. A low P/E ratio doesn't equal value!
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A sub 10x forward P/E looks cheap for a company with high gross margins, but it's only cheap if the E (Earnings) doesn't shrink.
In 5 years, as AI generation becomes entirely open-source, localized, and embedded into basic operating systems, Adobe's legacy creative suite risks becoming a specialized utility rather than a growth engine.
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Once the current aggressive share buybacks ($25B program) run their course to artificially prop up EPS, the lack of organic top-line growth will be exposed.
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To put it simply , I have very high conviction that adbe will not beat the s and p 500 over the next 5 years and thus there is no point in investing now. Please don't get blinded just because you think it's cheap. The smart money can see the risks to growth
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