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Compare Stocks › ADBE vs ES

Adobe Inc. (ADBE) vs Eversource Energy (ES)

ADBE
Adobe Inc.
$245.99
VS
ES
Eversource Energy
$69.62

Rewards

ADBE
  • ★Adobe Inc. has maintained ROIC above 15% for 4 consecutive years, indicating a durable competitive advantage.
  • ★Gross margin of 89.4% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
  • ★Adobe Inc. scores 100/100 on the Economic Moat Score (Wide Moat), with roic consistency as the strongest competitive dimension.
ES
  • ★Trailing P/E of 15.3x is 25% below the historical average of 20.3x — potentially undervalued relative to its own history.
  • ★PEG ratio of 0.03 suggests the stock is undervalued relative to its growth rate — paying less than 1x for each unit of earnings growth.

Risks

ADBE
    ES
    • ⚠FCF yield of 2.9% is below 3%, meaning the market is pricing in substantial future growth to justify the current price.
    • ⚠Net debt/EBITDA of 6.4x indicates heavy leverage — it would take over 4 years of EBITDA to pay off net debt.
    • ⚠Altman Z-Score of 0.73 places the company in the distress zone — financial patterns resemble those of companies that experienced bankruptcy.

    Key Valuation Metrics

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    ADBE
    ES
    Valuation
    $9.29B
    Free Cash Flow
    $761.49M
    9.20%
    FCF Yield
    2.91%
    14.33
    Trailing P/E
    15.27
    9.33
    Forward P/E
    13.46
    Quality & Moat
    40.36%
    ROIC
    5.08%
    62.36%
    ROE
    10.35%
    89.40%
    Gross Margin
    53.62%
    1.29
    PEG Ratio
    0.03
    Balance Sheet Safety
    0.58
    Debt / Equity
    1.85
    N/A
    Interest Coverage
    N/A
    -0.02
    Net Debt / EBITDA
    6.41
    N/A
    Dividend Yield
    4.52%
    ADBE: 9Ties: 1ES: 1
    ADBEES

    Historical Fundamentals

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    ADBE

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

    ES

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

    $1 Retained Earnings Test

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    ADBE
    $-0.60
    created per $1 retained over 3 years
    Market Cap Declined
    Σ Retained
    $18.12B
    Δ Market Cap
    $-10.93B
    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer
    ES
    N/A
    Net losses over 3 years — test not applicable
    Company had negative cumulative retained earnings
    Σ Retained
    $-974.3M
    Δ Market Cap
    $-3.94B
    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

    Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
    > $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

    Discounted Cash Flow (DCF) Analysis

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    ADBE
    48.4% Margin of Safety
    Price is 48.4% below estimated fair value
    Current Price: $245.99
    Fair Value: $477.11
    Strongly undervalued
    Undervalued
    Fairly valued
    Overvalued
    Strongly overvalued
    ES
    914.2% Overvalued
    Price is 914.2% above estimated fair value
    Current Price: $69.62
    Fair Value: $6.86
    Strongly undervalued
    Undervalued
    Fairly valued
    Overvalued
    Strongly overvalued

    Reverse DCF — Market-Implied Growth

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    ADBE

    What growth rate is the market pricing in at $246?

    +3.0%
    Market-Implied Owner Earnings Growth
    Standard FCF implies -0.7%

    The market implies +3.0% Owner Earnings growth, below historical trends — potential opportunity.

    Standard FCF implies a more demanding -0.7%, reflecting heavy growth investment expected to generate future returns.

    ES

    What growth rate is the market pricing in at $70?

    +14.6%
    Market-Implied Owner Earnings Growth
    Standard FCF implies +25.6%

    The market implies +14.6% Owner Earnings growth, above historical trends.

    Standard FCF implies a demanding +25.6%, reflecting heavy growth investment.

    Economic Moat Score

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    ADBE
    100/100
    Wide Moat
    70+ Wide · 40-69 Narrow · <40 None

    Wide moat with strength across all dimensions. ROIC Consistency is the standout factor.

    Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.
    ES
    40/100
    Narrow Moat
    70+ Wide · 40-69 Narrow · <40 None

    Narrow moat with margin stability as the key competitive advantage. Improving reinvestment efficiency would strengthen the moat.

    Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 5 years of fundamental data.

    Forensic Accounting

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    ADBE
    -2.85
    Unlikely Manipulator
    Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

    M-Score Trend

    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.
    ES
    -2.62
    Unlikely Manipulator
    Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

    M-Score Trend

    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

    Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

    Ownership Breakdown

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    ADBE
    Insiders 0.2%Institutions 87.8%Retail & Other 11.9%
    No. of Institutional Holders3,534
    High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.
    ES
    Insiders 0.2%Institutions 87.2%Retail & Other 12.6%
    No. of Institutional Holders1,389
    High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

    High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

    Insider Buying Activity

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    ADBE
    0
    Buys (3M)
    0
    Buys (12M)
    DURN DANIEL J
    Chief Financial Officer
    $507,758
    @ $390.58 · 2025-03-20
    RICKS DAVID A
    Director
    $998,946
    @ $443.98 · 2025-01-28
    Open market purchases · includes direct & indirect ownership · excludes option exercises
    ES
    0
    Buys (3M)
    1
    Buys (12M)
    Total value (12M): $249,739
    KEANE LORETTA D.
    Trustee
    $249,739
    @ $66.07 · 2025-08-22
    NOVA DANIEL J.
    Trustee
    $38,681
    @ $56.88 · 2024-03-26
    Open market purchases · includes direct & indirect ownership · excludes option exercises

    Open market purchases · includes direct & indirect ownership · excludes option exercises.

    Insider Selling Activity

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    ADBE
    1
    Sells (3M)
    3
    Sells (12M)
    Total value (12M): $711,495
    DURN DANIEL J
    Chief Financial Officer
    $485,323
    @ $294.85 · 2026-01-27
    FORUSZ JILLIAN
    Officer
    $50,344
    @ $337.88 · 2025-10-31
    FORUSZ JILLIAN
    Officer
    $175,828
    @ $380.58 · 2025-05-02
    FORUSZ JILLIAN
    Officer
    $145,567
    @ $435.83 · 2025-01-28
    BELSKY SCOTT K
    Officer
    $2.05M
    @ $431.61 · 2025-01-27
    BANSE AMY L
    Director
    $333,300
    @ $550.00 · 2024-12-06
    FORUSZ JILLIAN
    Officer
    $327,987
    @ $485.19 · 2024-10-29
    BELSKY SCOTT K
    Officer
    $232,525
    @ $483.42 · 2024-10-25
    BELSKY SCOTT K
    Officer
    $1.14M
    @ $511.48 · 2024-10-16
    DURN DANIEL J
    Chief Financial Officer
    $3.35M
    @ $515.44 · 2024-09-17
    GARFIELD MARK S.
    Officer
    $52,089
    @ $537.00 · 2024-07-25
    BELSKY SCOTT K
    Officer
    $258,297
    @ $537.00 · 2024-07-25
    GARFIELD MARK S.
    Officer
    $85,255
    @ $564.60 · 2024-07-16
    BELSKY SCOTT K
    Officer
    $1.25M
    @ $561.60 · 2024-07-16
    RAO DANA J.D.
    General Counsel
    $3.56M
    @ $525.51 · 2024-06-17
    GARFIELD MARK S.
    Officer
    $138,735
    @ $525.51 · 2024-06-17
    GARFIELD MARK S.
    Officer
    $265,644
    @ $447.97 · 2024-06-03
    GARFIELD MARK S.
    Officer
    $389,630
    @ $490.10 · 2024-05-06
    BELSKY SCOTT K
    Officer
    $1.29M
    @ $474.30 · 2024-05-02
    GARFIELD MARK S.
    Officer
    $45,436
    @ $468.41 · 2024-04-25
    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives
    ES
    5
    Sells (3M)
    9
    Sells (12M)
    Total value (12M): $2.32M
    CONNER PENELOPE M
    Officer
    $105,000
    @ $75.00 · 2026-03-04
    CLEVELAND COTTON MATHER
    Trustee
    $193,239
    @ $74.87 · 2026-02-24
    MOREIRA JOHN M.
    Chief Financial Officer
    $576,420
    @ $73.90 · 2026-02-19
    FORRY LINDA DORCENA
    Trustee
    $188,559
    @ $73.06 · 2026-02-18
    WILLIAMS FREDERICA M
    Trustee
    $189,239
    @ $73.32 · 2026-02-17
    BUTLER GREGORY B
    General Counsel
    $365,400
    @ $73.08 · 2025-11-12
    HUNT JAMES W III
    Officer
    $300,489
    @ $72.78 · 2025-11-07
    CONNER PENELOPE M
    Officer
    $238,212
    @ $64.38 · 2025-08-29
    CONNER PENELOPE M
    Officer
    $166,400
    @ $64.00 · 2025-05-20
    BUTLER GREGORY B
    General Counsel
    $752,148
    @ $62.68 · 2025-02-28
    CLEVELAND COTTON MATHER
    Trustee
    $492,062
    @ $63.50 · 2025-02-26
    CONNER PENELOPE M
    Officer
    $63,630
    @ $63.63 · 2025-02-26
    BUTH JAY S
    Officer
    $61,735
    @ $62.99 · 2025-02-21
    FORRY LINDA DORCENA
    Trustee
    $63,050
    @ $63.05 · 2025-02-20
    WILLIAMS FREDERICA M
    Trustee
    $192,508
    @ $62.26 · 2025-02-19
    FORRY LINDA DORCENA
    Trustee
    $127,110
    @ $60.76 · 2025-02-18
    CONNER PENELOPE M
    Officer
    $33,452
    @ $66.90 · 2024-08-30
    CONNER PENELOPE M
    Officer
    $53,382
    @ $65.50 · 2024-08-13
    CONNER PENELOPE M
    Officer
    $32,468
    @ $64.94 · 2024-08-09
    CONNER PENELOPE M
    Officer
    $158,633
    @ $58.75 · 2024-05-31
    BUTLER GREGORY B
    General Counsel
    $562,010
    @ $56.20 · 2024-05-29
    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

    🎭 Mr. Market's Mood

    Learn more →
    ADBE
    FearGreed
    😨Fear(27/100)

    "Market is pessimistic — investigate whether fears are temporary or structural"

    Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.
    ES
    FearGreed
    😐Neutral(50/100)

    "Market is pricing this stock without strong emotion in either direction"

    Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

    Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

    ⚖️ Buffett Signal

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    ADBE
    ⚪Awaiting DCF Data

    The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

    DCF Margin of Safety: N/AMr. Market's Mood: Fear (27)
    ES
    ⚪Awaiting DCF Data

    The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

    DCF Margin of Safety: N/AMr. Market's Mood: Neutral (50)
    View ADBE Full AnalysisView ES Full Analysis