Is Adobe the best value stock on the market?

Down 60% from its highs, Adobe is either the most best value stock currently on the market or the next zombie stock the market discovered early.

Is Adobe the best value stock on the market?
Adobe ($ADBE) is down more than 60% from all time highs. With rising revenues and a falling evaluation, is adobe stock the next fallen darling or the new best value opportunity on the market? 
The Bull Case:
Adobe revenue growth has compounded rapidly over the past 10 years. From $4.8 billion in 2015 to $23.77 in 2025. Adobe has grown its top line by a CAGR of 17%, that growth rate is similar to the CAGR of fast growing sectors such as cloud services or cybersecurity. Its valuation is also at a record low at a PE of 11.8.
To understand why that’s so striking we first need to get into Adobe’s business model.
The Three Pillars: