{
  "ticker": {
    "uuid": "c5158053-861f-450d-93b8-c5028d43e145",
    "symbol": "ADB",
    "name": "Adobe Inc.",
    "exchange": "GER",
    "exchange_name": "XETRA",
    "country": "DE",
    "currency": "EUR",
    "sector": "Technology",
    "industry": "Software - Application",
    "page_url": "https://sharemaestro.com/factors/ticker/c5158053-861f-450d-93b8-c5028d43e145/",
    "api_url": "https://sharemaestro.com/factors/api/tickers/c5158053-861f-450d-93b8-c5028d43e145/"
  },
  "latest_snapshot": {
    "ticker": {
      "uuid": "c5158053-861f-450d-93b8-c5028d43e145",
      "symbol": "ADB",
      "name": "Adobe Inc.",
      "exchange": "GER",
      "exchange_name": "XETRA",
      "country": "DE",
      "currency": "EUR",
      "sector": "Technology",
      "industry": "Software - Application",
      "page_url": "https://sharemaestro.com/factors/ticker/c5158053-861f-450d-93b8-c5028d43e145/",
      "api_url": "https://sharemaestro.com/factors/api/tickers/c5158053-861f-450d-93b8-c5028d43e145/"
    },
    "week_end_date": "2026-08-09",
    "universe": "EUR_DE",
    "score": {
      "os": 0.72,
      "value": 0.61,
      "quality": 0.96,
      "momentum": 0.12,
      "coverage": 0.909,
      "confidence": 0.909,
      "delta": -0.02
    },
    "headline_factors": {
      "price": 229.8,
      "market_cap": 91345501192.5,
      "pe_ratio": 12.636,
      "earnings_yield": 0.0972,
      "ebitda_to_ev": 0.1084,
      "shareholder_yield": 0.0962,
      "roe": 0.6276,
      "piotroski_f_score": 7,
      "momentum_12_1": -0.3217,
      "volatility_252d": 0.3866
    },
    "strategy_flags": {
      "market_leader": false,
      "cornerstone_value": false,
      "cornerstone_growth": false,
      "tiny_titan": false,
      "all_cap_buyback": true,
      "small_cap_core": false,
      "veiled_value": true,
      "earnings_consistent_5y": true
    },
    "factor_groups": {
      "valuation": {
        "pe_ratio": 12.636,
        "ev_ebitda": 9.2283,
        "earnings_yield": 0.0972,
        "fcf_yield": 0.11,
        "shareholder_yield": 0.0962
      },
      "quality": {
        "roe": 0.6276,
        "roic": 0.4989,
        "gross_margin": 0.894,
        "fcf_margin": 0.408,
        "piotroski_f_score": 7
      },
      "growth": {
        "revenue_growth_1y": 0.1053,
        "eps_growth_1y": 0.3693,
        "fcf_growth_1y": 0.2514
      },
      "momentum": {
        "price_return_12m": -0.2061,
        "momentum_12_1": -0.3217,
        "relative_strength": -0.2953
      },
      "scores": {
        "value_percentile": 0.61,
        "quality_percentile": 0.96,
        "momentum_percentile": 0.12,
        "growth_composite": 9,
        "yield_composite": 15,
        "overall_composite": 28,
        "os_score": 0.72,
        "factor_coverage": 0.909,
        "signal_confidence": 0.909
      }
    }
  },
  "factor_history": [
    {
      "week_end_date": "2026-06-07",
      "price": 217.7,
      "os": 0.68,
      "value": 0.6,
      "quality": 0.97,
      "momentum": 0.05,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 12.1724,
      "earnings_yield": 0.1008,
      "shareholder_yield": 0.0998,
      "roe": 0.6276,
      "momentum_12_1": -0.4173
    },
    {
      "week_end_date": "2026-06-14",
      "price": 175.86,
      "os": 0.76,
      "value": 0.71,
      "quality": 0.97,
      "momentum": 0.05,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 9.833,
      "earnings_yield": 0.1241,
      "shareholder_yield": 0.1236,
      "roe": 0.6276,
      "momentum_12_1": -0.3777
    },
    {
      "week_end_date": "2026-06-21",
      "price": 171.22,
      "os": 0.76,
      "value": 0.73,
      "quality": 0.96,
      "momentum": 0.04,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 9.4148,
      "earnings_yield": 0.1295,
      "shareholder_yield": 0.1291,
      "roe": 0.6276,
      "momentum_12_1": -0.3575
    },
    {
      "week_end_date": "2026-06-28",
      "price": 176.1,
      "os": 0.77,
      "value": 0.72,
      "quality": 0.97,
      "momentum": 0.05,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 9.6832,
      "earnings_yield": 0.126,
      "shareholder_yield": 0.1255,
      "roe": 0.6276,
      "momentum_12_1": -0.3425
    },
    {
      "week_end_date": "2026-07-05",
      "price": 191,
      "os": 0.74,
      "value": 0.69,
      "quality": 0.96,
      "momentum": 0.05,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 10.5025,
      "earnings_yield": 0.1164,
      "shareholder_yield": 0.1157,
      "roe": 0.6276,
      "momentum_12_1": -0.3223
    },
    {
      "week_end_date": "2026-07-12",
      "price": 196.34,
      "os": 0.75,
      "value": 0.68,
      "quality": 0.96,
      "momentum": 0.06,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 10.7961,
      "earnings_yield": 0.1134,
      "shareholder_yield": 0.1126,
      "roe": 0.6276,
      "momentum_12_1": -0.4398
    },
    {
      "week_end_date": "2026-07-19",
      "price": 203.1,
      "os": 0.75,
      "value": 0.67,
      "quality": 0.96,
      "momentum": 0.07,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 11.1678,
      "earnings_yield": 0.1097,
      "shareholder_yield": 0.1088,
      "roe": 0.6276,
      "momentum_12_1": -0.4542
    },
    {
      "week_end_date": "2026-07-26",
      "price": 196.38,
      "os": 0.75,
      "value": 0.68,
      "quality": 0.96,
      "momentum": 0.06,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 10.7983,
      "earnings_yield": 0.1133,
      "shareholder_yield": 0.1125,
      "roe": 0.6276,
      "momentum_12_1": -0.4447
    },
    {
      "week_end_date": "2026-08-02",
      "price": 213.6,
      "os": 0.74,
      "value": 0.66,
      "quality": 0.96,
      "momentum": 0.09,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 11.7452,
      "earnings_yield": 0.1044,
      "shareholder_yield": 0.1035,
      "roe": 0.6276,
      "momentum_12_1": -0.3712
    },
    {
      "week_end_date": "2026-08-09",
      "price": 229.8,
      "os": 0.72,
      "value": 0.61,
      "quality": 0.96,
      "momentum": 0.12,
      "confidence": 0.909,
      "coverage": 0.909,
      "pe_ratio": 12.636,
      "earnings_yield": 0.0972,
      "shareholder_yield": 0.0962,
      "roe": 0.6276,
      "momentum_12_1": -0.3217
    }
  ],
  "financial_periods": {
    "annual": [
      {
        "period_end_date": "2025-11-30",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 23769000000,
          "cost_of_revenue": 2551000000,
          "gross_profit": 21218000000,
          "ebit": 8706000000,
          "ebitda": 9815000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 7130000000,
          "net_income_to_common": 7130000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5431000000,
          "total_current_assets": 10163000000,
          "total_assets": 29496000000,
          "short_term_debt": null,
          "long_term_debt": 6210000000,
          "total_debt": 6648000000,
          "total_liabilities": null,
          "total_equity": 11623000000,
          "shares_outstanding": 413000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 10031000000,
          "capital_expenditure": -179000000,
          "free_cash_flow": 9852000000,
          "dividends_paid": null,
          "share_repurchases": -11281000000,
          "shares_issued": 348000000,
          "net_debt_issued": 497000000
        }
      },
      {
        "period_end_date": "2025-11-30",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 23769000000,
          "cost_of_revenue": 2551000000,
          "gross_profit": 21218000000,
          "ebit": 8706000000,
          "ebitda": 9815000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 7130000000,
          "net_income_to_common": 7130000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5431000000,
          "total_current_assets": 10163000000,
          "total_assets": 29496000000,
          "short_term_debt": null,
          "long_term_debt": 6210000000,
          "total_debt": 6648000000,
          "total_liabilities": null,
          "total_equity": 11623000000,
          "shares_outstanding": 413000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 10031000000,
          "capital_expenditure": -179000000,
          "free_cash_flow": 9852000000,
          "dividends_paid": null,
          "share_repurchases": -11281000000,
          "shares_issued": 348000000,
          "net_debt_issued": 497000000
        }
      },
      {
        "period_end_date": "2025-11-30",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 23769000000,
          "cost_of_revenue": 2551000000,
          "gross_profit": 21218000000,
          "ebit": 8706000000,
          "ebitda": 9815000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 7130000000,
          "net_income_to_common": 7130000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5431000000,
          "total_current_assets": 10163000000,
          "total_assets": 29496000000,
          "short_term_debt": null,
          "long_term_debt": 6210000000,
          "total_debt": 6648000000,
          "total_liabilities": null,
          "total_equity": 11623000000,
          "shares_outstanding": 413000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 10031000000,
          "capital_expenditure": -179000000,
          "free_cash_flow": 9852000000,
          "dividends_paid": null,
          "share_repurchases": -11281000000,
          "shares_issued": 348000000,
          "net_debt_issued": 497000000
        }
      },
      {
        "period_end_date": "2025-11-30",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 23769000000,
          "cost_of_revenue": 2551000000,
          "gross_profit": 21218000000,
          "ebit": 8706000000,
          "ebitda": 9815000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 7130000000,
          "net_income_to_common": 7130000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5431000000,
          "total_current_assets": 10163000000,
          "total_assets": 29496000000,
          "short_term_debt": null,
          "long_term_debt": 6210000000,
          "total_debt": 6648000000,
          "total_liabilities": null,
          "total_equity": 11623000000,
          "shares_outstanding": 413000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 10031000000,
          "capital_expenditure": -179000000,
          "free_cash_flow": 9852000000,
          "dividends_paid": null,
          "share_repurchases": -11281000000,
          "shares_issued": 348000000,
          "net_debt_issued": 497000000
        }
      },
      {
        "period_end_date": "2025-11-30",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 23769000000,
          "cost_of_revenue": 2551000000,
          "gross_profit": 21218000000,
          "ebit": 8706000000,
          "ebitda": 9815000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 7130000000,
          "net_income_to_common": 7130000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5431000000,
          "total_current_assets": 10163000000,
          "total_assets": 29496000000,
          "short_term_debt": null,
          "long_term_debt": 6210000000,
          "total_debt": 6648000000,
          "total_liabilities": null,
          "total_equity": 11623000000,
          "shares_outstanding": 413000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 10031000000,
          "capital_expenditure": -179000000,
          "free_cash_flow": 9852000000,
          "dividends_paid": null,
          "share_repurchases": -11281000000,
          "shares_issued": 348000000,
          "net_debt_issued": 497000000
        }
      },
      {
        "period_end_date": "2025-11-30",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 23769000000,
          "cost_of_revenue": 2551000000,
          "gross_profit": 21218000000,
          "ebit": 8706000000,
          "ebitda": 9815000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 7130000000,
          "net_income_to_common": 7130000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5431000000,
          "total_current_assets": 10163000000,
          "total_assets": 29496000000,
          "short_term_debt": null,
          "long_term_debt": 6210000000,
          "total_debt": 6648000000,
          "total_liabilities": null,
          "total_equity": 11623000000,
          "shares_outstanding": 413000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 10031000000,
          "capital_expenditure": -179000000,
          "free_cash_flow": 9852000000,
          "dividends_paid": null,
          "share_repurchases": -11281000000,
          "shares_issued": 348000000,
          "net_debt_issued": 497000000
        }
      },
      {
        "period_end_date": "2025-11-30",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 23769000000,
          "cost_of_revenue": 2551000000,
          "gross_profit": 21218000000,
          "ebit": 8706000000,
          "ebitda": 9815000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 7130000000,
          "net_income_to_common": 7130000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5431000000,
          "total_current_assets": 10163000000,
          "total_assets": 29496000000,
          "short_term_debt": null,
          "long_term_debt": 6210000000,
          "total_debt": 6648000000,
          "total_liabilities": null,
          "total_equity": 11623000000,
          "shares_outstanding": 413000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 10031000000,
          "capital_expenditure": -179000000,
          "free_cash_flow": 9852000000,
          "dividends_paid": null,
          "share_repurchases": -11281000000,
          "shares_issued": 348000000,
          "net_debt_issued": 497000000
        }
      },
      {
        "period_end_date": "2025-11-30",
        "period_type": "annual",
        "fiscal_year": 2025,
        "fiscal_quarter": null,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 23769000000,
          "cost_of_revenue": 2551000000,
          "gross_profit": 21218000000,
          "ebit": 8706000000,
          "ebitda": 9815000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 7130000000,
          "net_income_to_common": 7130000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 5431000000,
          "total_current_assets": 10163000000,
          "total_assets": 29496000000,
          "short_term_debt": null,
          "long_term_debt": 6210000000,
          "total_debt": 6648000000,
          "total_liabilities": null,
          "total_equity": 11623000000,
          "shares_outstanding": 413000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 10031000000,
          "capital_expenditure": -179000000,
          "free_cash_flow": 9852000000,
          "dividends_paid": null,
          "share_repurchases": -11281000000,
          "shares_issued": 348000000,
          "net_debt_issued": 497000000
        }
      }
    ],
    "quarterly": [
      {
        "period_end_date": "2026-05-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6618000000,
          "cost_of_revenue": 715000000,
          "gross_profit": 5903000000,
          "ebit": 2238000000,
          "ebitda": 2496000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1712000000,
          "net_income_to_common": 1712000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4919000000,
          "total_current_assets": 9068000000,
          "total_assets": 29933000000,
          "short_term_debt": 1843000000,
          "long_term_debt": 4802000000,
          "total_debt": 7065000000,
          "total_liabilities": null,
          "total_equity": 11518000000,
          "shares_outstanding": 399000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2165000000,
          "capital_expenditure": -58000000,
          "free_cash_flow": 2107000000,
          "dividends_paid": null,
          "share_repurchases": -2111000000,
          "shares_issued": 0,
          "net_debt_issued": 493000000
        }
      },
      {
        "period_end_date": "2026-05-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6618000000,
          "cost_of_revenue": 715000000,
          "gross_profit": 5903000000,
          "ebit": 2238000000,
          "ebitda": 2496000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1712000000,
          "net_income_to_common": 1712000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4919000000,
          "total_current_assets": 9068000000,
          "total_assets": 29933000000,
          "short_term_debt": 1843000000,
          "long_term_debt": 4802000000,
          "total_debt": 7065000000,
          "total_liabilities": null,
          "total_equity": 11518000000,
          "shares_outstanding": 399000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2165000000,
          "capital_expenditure": -58000000,
          "free_cash_flow": 2107000000,
          "dividends_paid": null,
          "share_repurchases": -2111000000,
          "shares_issued": 0,
          "net_debt_issued": 493000000
        }
      },
      {
        "period_end_date": "2026-05-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6618000000,
          "cost_of_revenue": 715000000,
          "gross_profit": 5903000000,
          "ebit": 2238000000,
          "ebitda": 2496000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1712000000,
          "net_income_to_common": 1712000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4919000000,
          "total_current_assets": 9068000000,
          "total_assets": 29933000000,
          "short_term_debt": 1843000000,
          "long_term_debt": 4802000000,
          "total_debt": 7065000000,
          "total_liabilities": null,
          "total_equity": 11518000000,
          "shares_outstanding": 399000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2165000000,
          "capital_expenditure": -58000000,
          "free_cash_flow": 2107000000,
          "dividends_paid": null,
          "share_repurchases": -2111000000,
          "shares_issued": 0,
          "net_debt_issued": 493000000
        }
      },
      {
        "period_end_date": "2026-05-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6618000000,
          "cost_of_revenue": 715000000,
          "gross_profit": 5903000000,
          "ebit": 2238000000,
          "ebitda": 2496000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1712000000,
          "net_income_to_common": 1712000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4919000000,
          "total_current_assets": 9068000000,
          "total_assets": 29933000000,
          "short_term_debt": 1843000000,
          "long_term_debt": 4802000000,
          "total_debt": 7065000000,
          "total_liabilities": null,
          "total_equity": 11518000000,
          "shares_outstanding": 399000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2165000000,
          "capital_expenditure": -58000000,
          "free_cash_flow": 2107000000,
          "dividends_paid": null,
          "share_repurchases": -2111000000,
          "shares_issued": 0,
          "net_debt_issued": 493000000
        }
      },
      {
        "period_end_date": "2026-05-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6618000000,
          "cost_of_revenue": 715000000,
          "gross_profit": 5903000000,
          "ebit": 2238000000,
          "ebitda": 2496000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1712000000,
          "net_income_to_common": 1712000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4919000000,
          "total_current_assets": 9068000000,
          "total_assets": 29933000000,
          "short_term_debt": 1843000000,
          "long_term_debt": 4802000000,
          "total_debt": 7065000000,
          "total_liabilities": null,
          "total_equity": 11518000000,
          "shares_outstanding": 399000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2165000000,
          "capital_expenditure": -58000000,
          "free_cash_flow": 2107000000,
          "dividends_paid": null,
          "share_repurchases": -2111000000,
          "shares_issued": 0,
          "net_debt_issued": 493000000
        }
      },
      {
        "period_end_date": "2026-05-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6618000000,
          "cost_of_revenue": 715000000,
          "gross_profit": 5903000000,
          "ebit": 2238000000,
          "ebitda": 2496000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1712000000,
          "net_income_to_common": 1712000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4919000000,
          "total_current_assets": 9068000000,
          "total_assets": 29933000000,
          "short_term_debt": 1843000000,
          "long_term_debt": 4802000000,
          "total_debt": 7065000000,
          "total_liabilities": null,
          "total_equity": 11518000000,
          "shares_outstanding": 399000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2165000000,
          "capital_expenditure": -58000000,
          "free_cash_flow": 2107000000,
          "dividends_paid": null,
          "share_repurchases": -2111000000,
          "shares_issued": 0,
          "net_debt_issued": 493000000
        }
      },
      {
        "period_end_date": "2026-05-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6618000000,
          "cost_of_revenue": 715000000,
          "gross_profit": 5903000000,
          "ebit": 2238000000,
          "ebitda": 2496000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1712000000,
          "net_income_to_common": 1712000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4919000000,
          "total_current_assets": 9068000000,
          "total_assets": 29933000000,
          "short_term_debt": 1843000000,
          "long_term_debt": 4802000000,
          "total_debt": 7065000000,
          "total_liabilities": null,
          "total_equity": 11518000000,
          "shares_outstanding": 399000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2165000000,
          "capital_expenditure": -58000000,
          "free_cash_flow": 2107000000,
          "dividends_paid": null,
          "share_repurchases": -2111000000,
          "shares_issued": 0,
          "net_debt_issued": 493000000
        }
      },
      {
        "period_end_date": "2026-05-31",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 2,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6618000000,
          "cost_of_revenue": 715000000,
          "gross_profit": 5903000000,
          "ebit": 2238000000,
          "ebitda": 2496000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1712000000,
          "net_income_to_common": 1712000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 4919000000,
          "total_current_assets": 9068000000,
          "total_assets": 29933000000,
          "short_term_debt": 1843000000,
          "long_term_debt": 4802000000,
          "total_debt": 7065000000,
          "total_liabilities": null,
          "total_equity": 11518000000,
          "shares_outstanding": 399000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2165000000,
          "capital_expenditure": -58000000,
          "free_cash_flow": 2107000000,
          "dividends_paid": null,
          "share_repurchases": -2111000000,
          "shares_issued": 0,
          "net_debt_issued": 493000000
        }
      },
      {
        "period_end_date": "2026-02-28",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6398000000,
          "cost_of_revenue": 664000000,
          "gross_profit": 5734000000,
          "ebit": 2418000000,
          "ebitda": 2659000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1889000000,
          "net_income_to_common": 1889000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 6332000000,
          "total_current_assets": 10386000000,
          "total_assets": 29704000000,
          "short_term_debt": 849000000,
          "long_term_debt": 5379000000,
          "total_debt": 6656000000,
          "total_liabilities": null,
          "total_equity": 11433000000,
          "shares_outstanding": 406000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2958000000,
          "capital_expenditure": -37000000,
          "free_cash_flow": 2921000000,
          "dividends_paid": null,
          "share_repurchases": -2478000000,
          "shares_issued": 84000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-02-28",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6398000000,
          "cost_of_revenue": 664000000,
          "gross_profit": 5734000000,
          "ebit": 2418000000,
          "ebitda": 2659000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1889000000,
          "net_income_to_common": 1889000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 6332000000,
          "total_current_assets": 10386000000,
          "total_assets": 29704000000,
          "short_term_debt": 849000000,
          "long_term_debt": 5379000000,
          "total_debt": 6656000000,
          "total_liabilities": null,
          "total_equity": 11433000000,
          "shares_outstanding": 406000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2958000000,
          "capital_expenditure": -37000000,
          "free_cash_flow": 2921000000,
          "dividends_paid": null,
          "share_repurchases": -2478000000,
          "shares_issued": 84000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-02-28",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6398000000,
          "cost_of_revenue": 664000000,
          "gross_profit": 5734000000,
          "ebit": 2418000000,
          "ebitda": 2659000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1889000000,
          "net_income_to_common": 1889000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 6332000000,
          "total_current_assets": 10386000000,
          "total_assets": 29704000000,
          "short_term_debt": 849000000,
          "long_term_debt": 5379000000,
          "total_debt": 6656000000,
          "total_liabilities": null,
          "total_equity": 11433000000,
          "shares_outstanding": 406000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2958000000,
          "capital_expenditure": -37000000,
          "free_cash_flow": 2921000000,
          "dividends_paid": null,
          "share_repurchases": -2478000000,
          "shares_issued": 84000000,
          "net_debt_issued": null
        }
      },
      {
        "period_end_date": "2026-02-28",
        "period_type": "quarterly",
        "fiscal_year": 2026,
        "fiscal_quarter": 1,
        "currency_reported": "EUR",
        "is_restated": false,
        "income_statement": {
          "revenue": 6398000000,
          "cost_of_revenue": 664000000,
          "gross_profit": 5734000000,
          "ebit": 2418000000,
          "ebitda": 2659000000,
          "pretax_income": null,
          "tax_provision": null,
          "net_income": 1889000000,
          "net_income_to_common": 1889000000,
          "eps_basic": null,
          "eps_diluted": null,
          "shares_basic": null,
          "shares_diluted": null
        },
        "balance_sheet": {
          "cash_and_equivalents": 6332000000,
          "total_current_assets": 10386000000,
          "total_assets": 29704000000,
          "short_term_debt": 849000000,
          "long_term_debt": 5379000000,
          "total_debt": 6656000000,
          "total_liabilities": null,
          "total_equity": 11433000000,
          "shares_outstanding": 406000000,
          "goodwill_and_intangibles": null
        },
        "cash_flow": {
          "operating_cash_flow": 2958000000,
          "capital_expenditure": -37000000,
          "free_cash_flow": 2921000000,
          "dividends_paid": null,
          "share_repurchases": -2478000000,
          "shares_issued": 84000000,
          "net_debt_issued": null
        }
      }
    ]
  },
  "strategy_matches": [
    {
      "key": "os_composite",
      "name": "Combined Factor Score",
      "slug": "composite",
      "group": "multi_factor",
      "page_url": "/factors/composite/"
    },
    {
      "key": "quality_value",
      "name": "Value and Financial Strength",
      "slug": "quality-value",
      "group": "multi_factor",
      "page_url": "/factors/quality-value/"
    },
    {
      "key": "deep_value",
      "name": "Deep Value",
      "slug": "deep-value",
      "group": "value",
      "page_url": "/factors/deep-value/"
    },
    {
      "key": "ebitda_ev",
      "name": "EBITDA/EV Value",
      "slug": "ebitda-ev",
      "group": "value",
      "page_url": "/factors/ebitda-ev/"
    },
    {
      "key": "veiled_value",
      "name": "Veiled Value",
      "slug": "veiled-value",
      "group": "value",
      "page_url": "/factors/veiled-value/"
    },
    {
      "key": "sector_relative",
      "name": "Cheapest in Sector",
      "slug": "sector-relative",
      "group": "value",
      "page_url": "/factors/sector-relative/"
    },
    {
      "key": "piotroski_bargains",
      "name": "Piotroski Bargains",
      "slug": "piotroski-bargains",
      "group": "quality",
      "page_url": "/factors/piotroski-bargains/"
    },
    {
      "key": "capital_allocators",
      "name": "Capital Allocators",
      "slug": "capital-allocators",
      "group": "quality",
      "page_url": "/factors/capital-allocators/"
    },
    {
      "key": "garp",
      "name": "GARP",
      "slug": "garp",
      "group": "growth",
      "page_url": "/factors/garp/"
    },
    {
      "key": "risk_adj_momentum",
      "name": "Price Strength Relative to Volatility",
      "slug": "risk-adj-momentum",
      "group": "momentum",
      "page_url": "/factors/risk-adj-momentum/"
    },
    {
      "key": "shareholder_yield",
      "name": "Shareholder Yield",
      "slug": "shareholder-yield",
      "group": "income",
      "page_url": "/factors/shareholder-yield/"
    }
  ],
  "coverage": {
    "factor_history_points": 10,
    "annual_financial_periods": 8,
    "quarterly_financial_periods": 12,
    "latest_factor_week": "2026-08-09",
    "latest_financials_period_end": "2026-05-31"
  },
  "schema": {
    "public_fields_only": true
  }
}