ADBE vs VST: Which Is the Better Buy?
Side-by-side comparison of Adobe Inc. and Vistra Corp. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-23.
Adobe Inc. · Technology
$238.25
+13.5% upside to fair value
Med Conviction
Grade B
High Quality
VS
Vistra Corp. · Utilities
$140.67
-23.0% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
ADBE has more upside to fair value
(+13.5%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
ADBE |
VST |
| Current Price |
$238.25 |
$140.67 |
| Fair Value Estimate |
$270.38 |
$108.27 |
| Upside to Fair Value |
+13.5%
|
-23.0%
|
| Market Cap |
$94.7B |
$47.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
9.5x
|
10.3x
|
| Price / Sales |
3.6x
|
3.0x
|
| Price / FCF |
8.6x
|
34.7x
|
| Revenue Growth YoY |
+12.9%
|
-5.5%
|
| Gross Margin |
89.1%
|
13.0%
|
| Operating Margin |
35.7%
|
2.3%
|
| Return on Equity |
62.9%
|
41.5%
|
| Dividend Yield |
0% |
0.65% |
| FCF Yield |
11.63%
|
2.88%
|
| Analyst Consensus |
Hold
|
Strong Buy
|
Investment Thesis
Adobe is a global software provider organized into Digital Media, Digital Experience, and Publishing and Advertising, with Creative Cloud as its subscription flagship and Document Cloud as its cloud-native document platform. The business quality is high on fundamentals: TTM gross margin of 89.1%, TTM operating margin of 35.7%, TTM net margin of 28.0%, ROE of 62.9%, and free cash flow of $27.69 pe…
Vistra Corp. is a vertically integrated independent power producer and retail electricity supplier operating roughly 38,700 megawatts of generation across natural gas, nuclear, coal, solar, and battery storage, serving about 4.3 million retail customers in 20 states and the District of Columbia. The business quality is mixed: the diversified PJM and ERCOT fleet plus retail load is a genuine struc…
Accumulation Zones
| Metric |
ADBE |
VST |
| Zone Low |
$202.78 |
$81.20 |
| Zone High |
$229.82 |
$92.03 |
| In Buy Zone? |
No
|
No
|