I have watched ADBE for a while. The stock is trading at 17× earnings, below its own 5-year average of 43× and below similar technology companies. I believe it is trading at a discount price. Anyone has the same feeling?
Compared with other companies I track in the same industry:
\- P/E: 17× vs median 30× (-44%)
\- Forward P/E: 11× vs median 23× (-50%)
\- EV/EBITDA: 11.9× vs median 23.9× (-50%)
\- Price to sales: 4.6× vs median 6.7× (-32%)
\- Price to book: 10.2× vs median 10.2× (+0%)
\- Return on invested capital: 36% vs median 13% (+178%)
\- Gross margin: 89% vs median 80% (+12%)
\- Operating margin: 36% vs median 27% (+32%)