Cadence Design Systems, Inc.

Cadence Design Systems, Inc.verified

CDNS

Price:

$258.79

Market Cap:

$70.86B

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical impl...[Read more]

Industry

Software - Application

IPO Date

1987-06-10

Stock Exchange

NASDAQ

Ticker

CDNS

The PE Ratio as of July 2024 (TTM) for Cadence Design Systems, Inc. (CDNS) is 67.22

According to Cadence Design Systems, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 67.22. This represents a change of -8.94% compared to the average of 73.82 of the last 4 quarters.

Cadence Design Systems, Inc. (CDNS) Historical PE Ratio (quarterly & annually)

How has CDNS PE Ratio performed in the past?

The mean historical PE Ratio of Cadence Design Systems, Inc. over the last ten years is 46.04. The current 67.22 PE Ratio has changed 14.50% with respect to the historical average. Over the past ten years (40 quarters), CDNS's PE Ratio was at its highest in in the June 2024 quarter at 91.75. The PE Ratio was at its lowest in in the December 2017 quarter at -197.75.

Quarterly (TTM)
Annual

Average

46.04

Median

43.32

Minimum

19.42

Maximum

73.23

Cadence Design Systems, Inc. (CDNS) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Cadence Design Systems, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 225.58%

Maximum Annual PE Ratio = 73.23

Minimum Annual Increase = -43.40%

Minimum Annual PE Ratio = 19.42

Quarterly (TTM)
Annual
YearPE RatioChange
202370.4737.33%
202251.32-29.93%
202273.2315.83%
202163.23225.58%
201919.42-43.40%
201834.31-38.46%
201755.7557.80%
201635.3348.79%
201623.75-29.28%
201533.5842.52%

Cadence Design Systems, Inc. (CDNS) Average PE Ratio

How has CDNS PE Ratio performed in the past?

The current PE Ratio of Cadence Design Systems, Inc. (CDNS) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

65.01

5-year avg

55.53

10-year avg

46.04

Cadence Design Systems, Inc. (CDNS) PE Ratio vs. Peers

How is CDNS’s PE Ratio compared to its peers?

Cadence Design Systems, Inc.’s PE Ratio is greater than Workday, Inc. (40.64), greater than Salesforce, Inc. (46.59), greater than Intuit Inc. (57.73), greater than Snowflake Inc. (-46.40), greater than Atlassian Corporation (-283.31), greater than Zoom Video Communications, Inc. (22.13), less than ServiceNow, Inc. (148.51), greater than Paycom Software, Inc. (19.79), less than Datadog, Inc. (340.51), less than The Trade Desk, Inc. (224.35), greater than Unity Software Inc. (-7.48), greater than Autodesk, Inc. (51.94),

Build a custom stock screener for Cadence Design Systems, Inc. (CDNS) and other stocks

One of the best ways to find valuable stocks to invest in is to build a custom made screener in your Excel or Google Sheets spreadsheet. This allows you to compare thousands of companies like Cadence Design Systems, Inc. using the financials and key metrics that matter to you in a single view.

The easiest way to set this up is to use the Wisesheets add-on and set your spreadsheet like this:

Custom stock screener in Wisesheets

Covering all these metrics from financial, data, dividend data, key metrics and more you can get all the data you want for over 50+ exchanges worldwide.

Get your free trial here.

Cadence Design Systems, Inc. (CDNS) and other stocks custom spreadsheet templates

The easiest way to analyze a company like Cadence Design Systems, Inc. or any others is to create a spreadsheet model that automatically retrieves all of the stock data you need.

Using Wisesheets you can set up a spreadsheet model like this with simple spreadsheet formulas. If you change the ticker you can get all of the data automatically updated for you.

Custom stock templates in Wisesheets

Whether you need live data, historical price data, financials, dividend data, key metrics, analyst estimates, or anything else...Wisesheets has you covered.

Frequently asked questions❓

What is the PE Ratio?

How can you use the PE Ratio?

What is Cadence Design Systems, Inc.'s PE Ratio?

How is the PE Ratio calculated for Cadence Design Systems, Inc. (CDNS)?

What is the highest PE Ratio for Cadence Design Systems, Inc. (CDNS)?

What is the 3-year average PE Ratio for Cadence Design Systems, Inc. (CDNS)?

What is the 5-year average PE Ratio for Cadence Design Systems, Inc. (CDNS)?

How does the current PE Ratio for Cadence Design Systems, Inc. (CDNS) compare to its historical average?