How does Adobe's valuation compare to other software companies?

Adobe's valuation is generally in line with other leading software companies, but it may be slightly elevated compared to some of its peers. Here's a comparison of Adobe's valuation metrics with those of other software companies:

|code|Ticker|Name|Date|P/E(TTM)|P/S|Price to Book Ratio|market_code|
|---|---|---|---|---|---|---|---|
|PLTR|PLTR.O|Palantir|20240731||0|15.861627723236245|185|
|APP|APP.O|Applovin|20240731|43.372005|6.024692013736569|33.368613954675325|185|
|MSFT|MSFT.O|Microsoft|20240731|35.281968|12.685975174367865|11.582413416014594|185|
|SAP|SAP.N|Sap|20240731|91.39543|7.060771373187428|5.536124832074211|169|
|INTU|INTU.O|Intuit|20240731|59.059729|11.141018716610377|9.64785149277603|185|
|NOW|NOW.N|ServiceNow|20240731|146.2896|16.027522201720842|19.345474524578815|169|
|CRM|CRM.N|Salesforce|20240731|45.845923|6.793184527034348|4.201819613625321|169|
|ORCL|ORCL.N|Oracle|20240731|36.715838|7.256371235437397|44.15265130974264|169|
|ADBE|ADBE.O|Adobe|20240731|48.159403|11.657688018301402|16.479256888769118|185|
|PLTR|PLTR.O|Palantir|20240801||0|15.383832317664606|185|

1. **P/E Ratio**: Adobe's P/E ratio of 34.85 is higher than Salesforce's (CRM) P/E ratio of 45.02, indicating that Adobe's stock may be more expensive relative to its earnings. However, it is lower than Palantir's (PLTR) P/E ratio of 529.8, suggesting that Adobe's earnings may be more highly valued by the market.
2. **P/S Ratio**: Adobe's P/S ratio of 14.08 is higher than SAP's (SAP) P/S ratio of 7.9 and Salesforce's (CRM) P/S ratio of 6.4, indicating that Adobe's revenue may be more highly valued by the market. However, it is lower than ServiceNow's (NOW) P/S ratio of 16.23, suggesting that Adobe's revenue may be less highly valued relative to its peers.
3. **P/B Ratio**: Adobe's P/B ratio of 10.46 is higher than SAP's (SAP) P/B ratio of 7.33 and Salesforce's (CRM) P/B ratio of 4.56, indicating that Adobe's assets may be more highly valued by the market. However, it is lower than Palantir's (PLTR) P/B ratio of 55.74, suggesting that Adobe's assets may be less highly valued relative to its peers.

Overall, Adobe's valuation metrics are generally in line with those of other leading software companies, but it may be slightly elevated compared to some of its peers. This could be due to a variety of factors, including Adobe's strong financial performance, strategic positioning, and growth prospects.