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Compare Stocks › ADBE vs TPL

Adobe Inc. (ADBE) vs Texas Pacific Land Corporation (TPL): Which Is the Better Buy in 2026?

As of 2026-08-03, ADBE is undervalued at $250, with a DCF intrinsic value of $554 and a margin of safety of 55%. TPL is overvalued at $403, with an intrinsic value of $53 and a margin of safety of -666%. Of the two, ADBE has the wider margin of safety.

ADBE
Adobe Inc.
$250.41
VS
TPL
Texas Pacific Land Corporation
$402.58

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.
TPL
  • ★Texas Pacific Land Corporation has maintained ROIC above 15% for 4 consecutive years, indicating a durable competitive advantage.
  • ★Gross margin of 93.2% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
  • ★Return on equity has consistently exceeded 20% over 4 years, indicating efficient use of shareholder capital.

Risks

ADBE
    TPL
    • ⚠Trailing P/E of 55.2x is 32% above the historical average of 41.9x — the stock trades at a premium to its own history.
    • ⚠PEG ratio of 7.33 indicates the stock is expensive relative to its expected growth — the market may be pricing in more growth than analysts project.
    • ⚠Free cash flow has declined at a 57.8% CAGR over the past 4 years — a concerning trend.

    Key Valuation Metrics

    Learn more →
    ADBE
    TPL
    Valuation
    $9.22B
    Free Cash Flow
    $-56.06M
    9.26%
    FCF Yield
    -0.20%
    14.33
    Trailing P/E
    55.22
    9.11
    Forward P/E
    5.51
    Quality & Moat
    37.82%
    ROIC
    32.52%
    62.95%
    ROE
    36.47%
    89.40%
    Gross Margin
    93.24%
    0.68
    PEG Ratio
    7.33
    Balance Sheet Safety
    0.13
    Net Debt / Equity
    Net cash
    N/A
    Interest Coverage
    N/A
    0.15
    Net Debt / EBITDA
    -0.33
    0.00%
    Dividend Yield
    0.60%
    ADBE: 6Ties: 2TPL: 4
    ADBETPL

    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. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    TPL

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

    $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
    TPL
    $2.36
    created per $1 retained over 3 years
    Exceptional Value Creator
    Σ Retained
    $745.9M
    Δ Market Cap
    +$1.76B
    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

    Learn more →
    ADBE
    54.8% Margin of Safety
    Price is 54.8% below estimated fair value
    Current Price: $250.41
    Fair Value: $553.74
    Strongly undervalued
    Undervalued
    Fairly valued
    Overvalued
    Strongly overvalued
    TPL
    665.8% Overvalued
    Price is 665.8% above estimated fair value
    Current Price: $402.58
    Fair Value: $52.57
    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 $250?

    +1.8%
    Market-Implied Owner Earnings Growth
    Standard FCF implies -0.6%

    The market implies +1.8% Owner Earnings growth, below historical trends — potential opportunity.

    Standard FCF implies a more demanding -0.6%, reflecting heavy growth investment expected to generate future returns.

    TPL

    Requires positive FCF to compute implied growth rate.

    Economic Moat Score

    Learn more →
    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.
    TPL
    67/100
    Narrow Moat
    70+ Wide · 40-69 Narrow · <40 None

    Narrow moat with roic consistency 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 4 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.
    TPL
    -10.93
    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 12.0%
    No. of Institutional Holders3,051
    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.
    TPL
    Insiders 0.2%Institutions 75.1%Retail & Other 24.8%
    No. of Institutional Holders1,145
    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

    Learn more →
    ADBE
    1
    Buys (3M)
    1
    Buys (12M)
    Total value (12M): $1.95M
    RICKS DAVID A
    Director
    $1.95M
    @ $194.51 · 2026-06-25
    DURN DANIEL JAMES
    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
    TPL
    49
    Buys (3M)
    126
    Buys (12M)
    Total value (12M): $511,626
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $393.00
    @ $393.00 · 2026-07-28
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $409.00
    @ $409.00 · 2026-07-27
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $424.00
    @ $424.00 · 2026-07-24
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $427.00
    @ $427.00 · 2026-07-22
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $413.00
    @ $413.00 · 2026-07-21
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $416.00
    @ $416.00 · 2026-07-20
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $420.00
    @ $420.00 · 2026-07-17
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $416.00
    @ $416.00 · 2026-07-16
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $414.00
    @ $414.00 · 2026-07-15
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $408.00
    @ $408.00 · 2026-07-14
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $411.00
    @ $411.00 · 2026-07-13
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $386.00
    @ $386.00 · 2026-07-10
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $400.00
    @ $400.00 · 2026-07-09
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $397.00
    @ $397.00 · 2026-07-08
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $401.00
    @ $401.00 · 2026-07-07
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $403.00
    @ $403.00 · 2026-07-02
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $426.00
    @ $426.00 · 2026-07-01
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $436.00
    @ $436.00 · 2026-06-30
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $411.00
    @ $411.00 · 2026-06-29
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $397.00
    @ $397.00 · 2026-06-26
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $389.00
    @ $389.00 · 2026-06-25
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $371.00
    @ $371.00 · 2026-06-23
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $351.00
    @ $351.00 · 2026-06-22
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $355.00
    @ $355.00 · 2026-06-18
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $357.00
    @ $357.00 · 2026-06-17
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $356.00
    @ $356.00 · 2026-06-16
    DOYLE PETER BRENDAN
    Director
    $1,528
    @ $382.00 · 2026-06-15
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $385.00
    @ $385.00 · 2026-06-12
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $370.00
    @ $370.00 · 2026-06-11
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $380.00
    @ $380.00 · 2026-06-10
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $387.00
    @ $387.00 · 2026-06-09
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $403.00
    @ $403.00 · 2026-06-08
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $395.00
    @ $395.00 · 2026-06-05
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $407.00
    @ $407.00 · 2026-06-03
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $368.00
    @ $368.00 · 2026-06-02
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $387.00
    @ $387.00 · 2026-06-01
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $395.00
    @ $395.00 · 2026-05-29
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $406.00
    @ $406.00 · 2026-05-28
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $808.00
    @ $404.00 · 2026-05-27
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $401.00
    @ $401.00 · 2026-05-22
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $396.00
    @ $396.00 · 2026-05-21
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $792.00
    @ $396.00 · 2026-05-20
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $780.00
    @ $390.00 · 2026-05-19
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $385.00
    @ $385.00 · 2026-05-18
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $388.00
    @ $388.00 · 2026-05-15
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $385.00
    @ $385.00 · 2026-05-14
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $394.00
    @ $394.00 · 2026-05-12
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $401.00
    @ $401.00 · 2026-05-07
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $419.00
    @ $419.00 · 2026-05-06
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $433.00
    @ $433.00 · 2026-05-05
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $439.00
    @ $439.00 · 2026-05-04
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $433.00
    @ $433.00 · 2026-05-01
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $437.00
    @ $437.00 · 2026-04-23
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $438.00
    @ $438.00 · 2026-04-22
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $442.00
    @ $442.00 · 2026-04-21
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $428.00
    @ $428.00 · 2026-04-20
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $424.00
    @ $424.00 · 2026-04-16
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $419.00
    @ $419.00 · 2026-04-15
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $414.00
    @ $414.00 · 2026-04-14
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $415.00
    @ $415.00 · 2026-04-13
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $407.00
    @ $407.00 · 2026-04-10
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $402.00
    @ $402.00 · 2026-04-09
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $1,347
    @ $449.00 · 2026-04-08
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $443.00
    @ $443.00 · 2026-04-06
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $443.00
    @ $443.00 · 2026-04-02
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $470.00
    @ $470.00 · 2026-03-31
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $494.00
    @ $494.00 · 2026-03-30
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $1,044
    @ $522.00 · 2026-03-27
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $538.00
    @ $538.00 · 2026-03-25
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $535.00
    @ $535.00 · 2026-03-24
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $529.00
    @ $529.00 · 2026-03-23
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $534.00
    @ $534.00 · 2026-03-20
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $527.00
    @ $527.00 · 2026-03-19
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $532.00
    @ $532.00 · 2026-03-18
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $525.00
    @ $525.00 · 2026-03-17
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $525.00
    @ $525.00 · 2026-03-16
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $529.00
    @ $529.00 · 2026-03-13
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $532.00
    @ $532.00 · 2026-03-12
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $523.00
    @ $523.00 · 2026-03-11
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $527.00
    @ $527.00 · 2026-03-10
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $527.00
    @ $527.00 · 2026-03-09
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $526.00
    @ $526.00 · 2026-03-06
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $529.00
    @ $529.00 · 2026-03-05
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $530.00
    @ $530.00 · 2026-03-04
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $524.00
    @ $524.00 · 2026-03-02
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $517.00
    @ $517.00 · 2026-02-27
    EPPS DONNA E
    Director
    $456,853
    @ $510.45 · 2026-02-25
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $520.00
    @ $520.00 · 2026-02-24
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $520.00
    @ $520.00 · 2026-02-23
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $504.00
    @ $504.00 · 2026-02-20
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $469.00
    @ $469.00 · 2026-02-19
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $435.00
    @ $435.00 · 2026-02-18
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $426.00
    @ $426.00 · 2026-02-17
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $426.00
    @ $426.00 · 2026-02-13
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $408.00
    @ $408.00 · 2026-02-11
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $388.00
    @ $388.00 · 2026-02-10
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $372.00
    @ $372.00 · 2026-02-09
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $342.00
    @ $342.00 · 2026-02-05
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $345.00
    @ $345.00 · 2026-02-04
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $337.00
    @ $337.00 · 2026-02-03
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $346.00
    @ $346.00 · 2026-01-30
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $355.00
    @ $355.00 · 2026-01-29
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $351.00
    @ $351.00 · 2026-01-28
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $340.00
    @ $340.00 · 2026-01-27
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $342.00
    @ $342.00 · 2026-01-26
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $350.00
    @ $350.00 · 2026-01-23
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $346.00
    @ $346.00 · 2026-01-22
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $343.00
    @ $343.00 · 2026-01-21
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $334.00
    @ $334.00 · 2026-01-20
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $328.00
    @ $328.00 · 2026-01-16
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $330.00
    @ $330.00 · 2026-01-15
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $330.00
    @ $330.00 · 2026-01-14
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $323.00
    @ $323.00 · 2026-01-13
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $312.00
    @ $312.00 · 2026-01-12
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $309.00
    @ $309.00 · 2026-01-09
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $292.00
    @ $292.00 · 2026-01-08
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $286.00
    @ $286.00 · 2026-01-07
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $297.00
    @ $297.00 · 2026-01-06
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $297.00
    @ $297.00 · 2026-01-06
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $297.00
    @ $297.00 · 2026-01-06
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $295.00
    @ $295.00 · 2026-01-05
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $289.00
    @ $289.00 · 2026-01-02
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $288.00
    @ $288.00 · 2025-12-31
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $294.00
    @ $294.00 · 2025-12-30
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $294.00
    @ $294.00 · 2025-12-29
    HORIZON KINETICS ASSET MANAGEMENT L.L.C.
    Beneficial Owner of more than 10% of a Class of Security
    $285.00
    @ $285.00 · 2025-12-26
    Open market purchases · includes direct & indirect ownership · excludes option exercises

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

    Insider Selling Activity

    Learn more →
    ADBE
    0
    Sells (3M)
    4
    Sells (12M)
    Total value (12M): $1.05M
    FORUSZ JILLIAN
    Officer
    $185,915
    @ $246.25 · 2026-04-30
    DURN DANIEL JAMES
    Chief Financial Officer
    $331,355
    @ $248.02 · 2026-04-20
    DURN DANIEL JAMES
    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 JAMES
    Chief Financial Officer
    $3.35M
    @ $515.44 · 2024-09-17
    Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives
    TPL
    1
    Sells (3M)
    3
    Sells (12M)
    Total value (12M): $2.87M
    STEDDUM CHRIS
    Chief Financial Officer
    $1.60M
    @ $400.27 · 2026-06-08
    EPPS DONNA E
    Director
    $456,522
    @ $510.08 · 2026-02-25
    BUFFINGTON STEPHANIE
    Officer
    $808,824
    @ $503.00 · 2026-02-24
    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(39/100)

    "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.
    TPL
    FearGreed
    😨Fear(39/100)

    "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.

    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

    Learn more →
    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 (39)
    TPL
    ⚪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 (39)
    View ADBE Full AnalysisView TPL Full Analysis

    Frequently Asked Questions: ADBE vs TPL

    Is Adobe Inc. or Texas Pacific Land Corporation more undervalued in 2026?▼

    Based on our discounted cash flow model, ADBE trades at a 54.8% margin of safety (intrinsic value $554 vs. price $250), compared to TPL's -665.8% margin of safety (intrinsic $53 vs. $403).

    Which stock has a wider economic moat, Adobe Inc. or Texas Pacific Land Corporation?▼

    ADBE scores 100/100 (Wide moat), while TPL scores 67/100 (Narrow moat). The moat score measures competitive advantage durability across ROIC consistency, margin stability, revenue predictability, and reinvestment efficiency.

    Which company has better free cash flow, Adobe Inc. or Texas Pacific Land Corporation?▼

    Adobe Inc. (ADBE) generates a 9.3% free cash flow yield, compared to Texas Pacific Land Corporation's -0.2%. A higher FCF yield means the business converts more of its market value into cash that can be returned to shareholders or reinvested.

    Which stock has higher return on invested capital, Adobe Inc. or Texas Pacific Land Corporation?▼

    ADBE earns 37.8% ROIC versus TPL's 32.5%. A higher ROIC means the company generates more profit per dollar of capital employed, a hallmark of durable competitive advantage in Buffett-style analysis.