Adobe Systems Incorporated
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digit… Read more
Adobe Systems Incorporated (ADBE) - Net Assets
Latest net assets as of November 2025: $11.62 Billion USD
Based on the latest financial reports, Adobe Systems Incorporated (ADBE) has net assets worth $11.62 Billion USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.50 Billion) and total liabilities ($17.87 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $11.62 Billion |
| % of Total Assets | 39.41% |
| Annual Growth Rate | 18.88% |
| 5-Year Change | -21.45% |
| 10-Year Change | 56.54% |
| Growth Volatility | 38.34 |
Adobe Systems Incorporated - Net Assets Trend (1986–2025)
This chart illustrates how Adobe Systems Incorporated's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adobe Systems Incorporated (1986–2025)
The table below shows the annual net assets of Adobe Systems Incorporated from 1986 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-11-30 | $11.62 Billion | -17.60% |
| 2024-11-30 | $14.11 Billion | -14.61% |
| 2023-11-30 | $16.52 Billion | +17.56% |
| 2022-11-30 | $14.05 Billion | -5.04% |
| 2021-11-30 | $14.80 Billion | +11.56% |
| 2020-11-30 | $13.26 Billion | +25.96% |
| 2019-11-30 | $10.53 Billion | +12.47% |
| 2018-11-30 | $9.36 Billion | +10.66% |
| 2017-11-30 | $8.46 Billion | +13.94% |
| 2016-11-30 | $7.42 Billion | +6.05% |
| 2015-11-30 | $7.00 Billion | +3.33% |
| 2014-11-30 | $6.78 Billion | +0.76% |
| 2013-11-30 | $6.72 Billion | +0.89% |
| 2012-11-30 | $6.67 Billion | +15.25% |
| 2011-11-30 | $5.78 Billion | +11.38% |
| 2010-11-30 | $5.19 Billion | +6.17% |
| 2009-11-30 | $4.89 Billion | +10.89% |
| 2008-11-30 | $4.41 Billion | -5.15% |
| 2007-11-30 | $4.65 Billion | -9.74% |
| 2006-11-30 | $5.15 Billion | +176.34% |
| 2005-11-30 | $1.86 Billion | +30.97% |
| 2004-11-30 | $1.42 Billion | +29.31% |
| 2003-11-30 | $1.10 Billion | +63.25% |
| 2002-11-30 | $674.32 Million | +9.30% |
| 2001-11-30 | $616.97 Million | -18.02% |
| 2000-11-30 | $752.54 Million | +46.92% |
| 1999-11-30 | $512.21 Million | -0.80% |
| 1998-11-30 | $516.37 Million | -27.82% |
| 1997-11-30 | $715.42 Million | +1.26% |
| 1996-11-30 | $706.51 Million | +1.16% |
| 1995-11-30 | $698.42 Million | +35.80% |
| 1994-11-30 | $514.32 Million | +88.88% |
| 1993-11-30 | $272.30 Million | +21.24% |
| 1992-11-30 | $224.60 Million | +22.87% |
| 1991-11-30 | $182.80 Million | +69.57% |
| 1990-11-30 | $107.80 Million | +83.33% |
| 1989-11-30 | $58.80 Million | +32.73% |
| 1988-11-30 | $44.30 Million | +88.51% |
| 1987-11-30 | $23.50 Million | +71.53% |
| 1986-11-30 | $13.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adobe Systems Incorporated's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1030672.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (November 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $45.35 Billion | 390.21% |
| Other Comprehensive Income | $-245.00 Million | -2.11% |
| Total Equity | $11.62 Billion | 100.00% |
Adobe Systems Incorporated Competitors by Market Cap
The table below lists competitors of Adobe Systems Incorporated ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Corning Incorporated
NYSE:GLW
|
$101.08 Billion |
|
Mitsui & Company Ltd
PINK:MITSY
|
$101.34 Billion |
|
Comcast Corp
NASDAQ:CMCSA
|
$101.73 Billion |
|
Adobe Inc.
LSE:0R2Y
|
$101.77 Billion |
|
Reelcause Inc
PINK:RCIT
|
$100.28 Billion |
|
Northrop Grumman Corporation
NYSE:NOC
|
$100.27 Billion |
|
Canadian Natural Resources Ltd
NYSE:CNQ
|
$100.08 Billion |
|
UniCredit S.p.A.
WAR:UCG
|
$99.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adobe Systems Incorporated's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,105,000,000 to 11,623,000,000, a change of -2,482,000,000 (-17.6%).
- Net income of 7,130,000,000 contributed positively to equity growth.
- Share repurchases of 11,281,000,000 reduced equity.
- New share issuances of 348,000,000 increased equity.
- Other comprehensive income decreased equity by 44,000,000.
- Other factors increased equity by 1,365,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $7.13 Billion | +61.34% |
| Share Repurchases | $11.28 Billion | -97.06% |
| Share Issuances | $348.00 Million | +2.99% |
| Other Comprehensive Income | $-44.00 Million | -0.38% |
| Other Changes | $1.36 Billion | +11.74% |
| Total Change | $- | -17.60% |
Book Value vs Market Value Analysis
This analysis compares Adobe Systems Incorporated's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 9.04x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5933.30x to 9.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-11-30 | $0.04 | $246.00 | x |
| 1987-11-30 | $0.08 | $246.00 | x |
| 1988-11-30 | $0.14 | $246.00 | x |
| 1989-11-30 | $0.17 | $246.00 | x |
| 1990-11-30 | $0.31 | $246.00 | x |
| 1991-11-30 | $0.51 | $246.00 | x |
| 1992-11-30 | $0.62 | $246.00 | x |
| 1993-11-30 | $0.56 | $246.00 | x |
| 1994-11-30 | $0.90 | $246.00 | x |
| 1995-11-30 | $1.16 | $246.00 | x |
| 1996-11-30 | $1.16 | $246.00 | x |
| 1997-11-30 | $1.21 | $246.00 | x |
| 1998-11-30 | $0.95 | $246.00 | x |
| 1999-11-30 | $0.99 | $246.00 | x |
| 2000-11-30 | $1.47 | $246.00 | x |
| 2001-11-30 | $1.24 | $246.00 | x |
| 2002-11-30 | $1.39 | $246.00 | x |
| 2003-11-30 | $2.28 | $246.00 | x |
| 2004-11-30 | $2.87 | $246.00 | x |
| 2005-11-30 | $3.67 | $246.00 | x |
| 2006-11-30 | $8.42 | $246.00 | x |
| 2007-11-30 | $7.77 | $246.00 | x |
| 2008-11-30 | $8.04 | $246.00 | x |
| 2009-11-30 | $9.22 | $246.00 | x |
| 2010-11-30 | $9.87 | $246.00 | x |
| 2011-11-30 | $11.48 | $246.00 | x |
| 2012-11-30 | $13.26 | $246.00 | x |
| 2013-11-30 | $13.10 | $246.00 | x |
| 2014-11-30 | $13.33 | $246.00 | x |
| 2015-11-30 | $13.81 | $246.00 | x |
| 2016-11-30 | $14.72 | $246.00 | x |
| 2017-11-30 | $16.88 | $246.00 | x |
| 2018-11-30 | $18.81 | $246.00 | x |
| 2019-11-30 | $21.42 | $246.00 | x |
| 2020-11-30 | $27.35 | $246.00 | x |
| 2021-11-30 | $30.76 | $246.00 | x |
| 2022-11-30 | $29.83 | $246.00 | x |
| 2023-11-30 | $35.99 | $246.00 | x |
| 2024-11-30 | $31.34 | $246.00 | x |
| 2025-11-30 | $27.22 | $246.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adobe Systems Incorporated utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 61.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.00%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 2.54x
- Recent ROE (61.34%) is above the historical average (25.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 26.28% | 22.36% | 0.81x | 1.46x | $2.23 Million |
| 1987 | 38.30% | 22.90% | 1.22x | 1.37x | $6.65 Million |
| 1988 | 47.63% | 25.27% | 1.27x | 1.48x | $16.67 Million |
| 1989 | 57.31% | 27.76% | 1.29x | 1.60x | $27.82 Million |
| 1990 | 37.20% | 23.77% | 1.16x | 1.35x | $29.32 Million |
| 1991 | 28.23% | 22.46% | 1.04x | 1.21x | $33.32 Million |
| 1992 | 19.41% | 16.40% | 0.95x | 1.25x | $21.14 Million |
| 1993 | 15.43% | 13.40% | 0.89x | 1.30x | $14.78 Million |
| 1994 | 2.98% | 2.57% | 0.84x | 1.38x | $-36.09 Million |
| 1995 | 13.39% | 12.26% | 0.86x | 1.27x | $23.64 Million |
| 1996 | 21.69% | 19.49% | 0.79x | 1.42x | $82.63 Million |
| 1997 | 26.12% | 20.49% | 0.97x | 1.31x | $115.29 Million |
| 1998 | 20.36% | 11.75% | 1.17x | 1.49x | $53.51 Million |
| 1999 | 46.42% | 23.41% | 1.26x | 1.57x | $186.53 Million |
| 2000 | 38.24% | 22.73% | 1.18x | 1.42x | $212.55 Million |
| 2001 | 33.33% | 16.72% | 1.32x | 1.51x | $143.95 Million |
| 2002 | 28.38% | 16.43% | 1.11x | 1.56x | $123.97 Million |
| 2003 | 24.20% | 20.57% | 0.83x | 1.41x | $156.26 Million |
| 2004 | 31.64% | 27.03% | 0.85x | 1.38x | $308.05 Million |
| 2005 | 32.34% | 30.66% | 0.81x | 1.31x | $416.41 Million |
| 2006 | 9.82% | 19.64% | 0.43x | 1.16x | $-9.38 Million |
| 2007 | 15.57% | 22.92% | 0.55x | 1.23x | $258.81 Million |
| 2008 | 19.77% | 24.35% | 0.61x | 1.32x | $430.78 Million |
| 2009 | 7.90% | 13.12% | 0.40x | 1.49x | $-102.55 Million |
| 2010 | 14.92% | 20.39% | 0.47x | 1.57x | $255.44 Million |
| 2011 | 14.40% | 19.75% | 0.47x | 1.55x | $254.54 Million |
| 2012 | 12.49% | 18.91% | 0.44x | 1.51x | $166.26 Million |
| 2013 | 4.31% | 7.15% | 0.39x | 1.54x | $-382.48 Million |
| 2014 | 3.96% | 6.47% | 0.38x | 1.59x | $-409.20 Million |
| 2015 | 8.99% | 13.13% | 0.41x | 1.67x | $-70.61 Million |
| 2016 | 15.74% | 19.96% | 0.46x | 1.71x | $426.30 Million |
| 2017 | 20.02% | 23.20% | 0.50x | 1.72x | $847.97 Million |
| 2018 | 27.67% | 28.69% | 0.48x | 2.00x | $1.65 Billion |
| 2019 | 28.03% | 26.42% | 0.54x | 1.97x | $1.90 Billion |
| 2020 | 39.66% | 40.88% | 0.53x | 1.83x | $3.93 Billion |
| 2021 | 32.59% | 30.55% | 0.58x | 1.84x | $3.34 Billion |
| 2022 | 33.85% | 27.01% | 0.65x | 1.93x | $3.35 Billion |
| 2023 | 32.86% | 27.97% | 0.65x | 1.80x | $3.78 Billion |
| 2024 | 39.42% | 25.85% | 0.71x | 2.14x | $4.15 Billion |
| 2025 | 61.34% | 30.00% | 0.81x | 2.54x | $5.97 Billion |
Industry Comparison
This section compares Adobe Systems Incorporated's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $779,002,466
- Average return on equity (ROE) among peers: -68.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adobe Systems Incorporated (ADBE) | $11.62 Billion | 26.28% | 1.54x | $100.66 Billion |
| Abaxx Technologies Inc (ABXXF) | $-1.66 Million | 0.00% | 0.00x | $201.28 Million |
| Acceleware Ltd (ACWRF) | $494.24K | -556.36% | 1.94x | $8.62 Million |
| Adcore Inc (ADCOF) | $-3.18 | 0.00% | 0.00x | $3.03 Million |
| ADEIA CORP (ADEA) | $446.70 Million | -41.54% | 0.09x | $2.48 Billion |
| Automatic Data Processing Inc (ADP) | $6.01 Billion | 20.87% | 4.70x | $83.68 Billion |
| Autodesk Inc (ADSK) | $569.21 Million | 5.60% | 0.55x | $48.93 Billion |
| Allied Security Innovations Inc (ADSV) | $-23.08 Million | 0.00% | 0.00x | $0.98 |
| AudioEye Inc (AEYE) | $9.44 Million | -45.08% | 2.15x | $48.56 Million |
| Affinity Networks Inc (AFFN) | $-470.19K | 0.00% | 0.00x | $0.96 |