CDNS Cadence Design Systems PE ratio, current and historical analysis
The PE ratio for Cadence Design Systems stock stands at 64.32 as of Oct 22, 2024. This is calculated based on the current EPS of $3.91 and the stock price of $251.51 per share. A decrease of 13% has been seen in the P/E ratio compared to the average of 73.9 of the last 4 quarters.
CDNS PE ratio history
Over the last ten years, the average PE ratio of Cadence Design Systems has been 46.51. The current 64.32 PE ratio is 38% above the historical average. Over the past ten years, CDNS's PE ratio was at its highest in the Mar 2024 quarter at 80.23, with a price of $311.28 and an EPS of $3.88. The Mar 2020 quarter recorded the bottom point at 17.2, with a price of $62.28 and an EPS of $3.62.
Cadence Design Systems PE ratio by year
Maximum annual increase: 225.23% in 2021
Maximum annual decrease: -43.55% in 2019
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 70.56 | 37.49% |
| 2022 | 51.32 | -30.05% |
| 2022 | 73.37 | 16.17% |
| 2021 | 63.16 | 225.23% |
| 2019 | 19.42 | -43.55% |
| 2018 | 34.4 | -38.31% |
| 2017 | 55.76 | 56.98% |
| 2016 | 35.52 | 50.19% |
| 2016 | 23.65 | -29.68% |
| 2015 | 33.63 | 42.44% |
CDNS average PE ratio chart
CDNS's current P/E ratio is above the 5 and 10-year historical averages, but it is below the 3-year average.
CDNS PE vs peers
Compared to its peer PTC, CDNS's PE ratio stands lower, however it is higher than SNPS's and ADSK's. Cadence Design Systems's PE ratio is trading above the peer group average of 56.0.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TER Teradyne Inc | 38.91 | $20.32B |
| SNPS Synopsys Inc | 50.31 | $75.81B |
| ANSS Ansys Inc | 56.6 | $28.14B |
| ADSK Autodesk Inc | 58.18 | $61.54B |
| CDNS Cadence Design Systems Inc | 63.73 | $68.23B |
| PTC Ptc Inc | 74.03 | $22.06B |
| PDFS Pdf Solutions Inc | N/A | $1.1B |
| CEVA Ceva Inc | N/A | $565.62M |
Frequently asked questions
What is Cadence Design Systems's PE ratio?
As of Oct 22, 2024, CDNS stock has a price to earnings ratio of 64.32.
What is the 3-year average PE ratio for Cadence Design Systems (CDNS)?
Over the last 3 years, the average price to earnings ratio for CDNS stock is 66.17.
What is the 5-year average PE ratio for Cadence Design Systems (CDNS)?
Over the last 5 years, the average price to earnings ratio for CDNS stock is 55.49.
What is the highest PE ratio for CDNS?
Over the last ten years, the quarterly PE ratio reached a historic high of 80.23 in the Mar 2024 quarter.
How does the current PE ratio for CDNS compare to its historical average?
The current price to earnings ratio of CDNS is 38% higher than the 10-year historical average.
How is CDNS's PE ratio calculated (Cadence Design Systems PE ratio formula)?
The PE ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (Oct 22, 2024), Cadence Design Systems's stock price is $251.51. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $3.91. Therefore, Cadence Design Systems's P/E ratio for today is 64.32. PE RATIO(64.32) = STOCK PRICE($251.51) / TTM EPS($3.91)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.