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CDNS Cadence Design Systems PE ratio, current and historical analysis

The PE ratio for Cadence Design Systems stock stands at 71.66 as of Oct 2, 2023. This is calculated based on the current EPS of $3.3 and the stock price of $236.49 per share. An increase of 17% has been seen in the P/E ratio compared to the average of 61.4 of the last 4 quarters.

CDNS PE ratio history

How has CDNS's PE ratio performed in the past

Over the last ten years, the average PE ratio of Cadence Design Systems has been 42.39. The current 71.66 PE ratio is 69% above the historical average. Over the past ten years, CDNS's PE ratio was at its highest in the Jan 2022 quarter at 73.37, with a price of $186.35 and an EPS of $2.54. The Mar 2020 quarter recorded the bottom point at 17.2, with a price of $62.28 and an EPS of $3.62.

Average
42.39
Median
39.75
Minimum
17.2
Maximum
73.37

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
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%
2013 23.61 186.18%

CDNS average PE ratio chart

What is the average PE ratio of CDNS for the past years

CDNS's current P/E ratio is above the 3, 5 and 10-year historical averages.

3-year avg
60.96
5-year avg
48.69
10-year avg
42.39
15-year avg
38.38

CDNS PE vs peers

What is CDNS's PE ratio compared to its peers

Compared to its peer PDFS, 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 50.15.

Stock name PE ratio Market cap
TER Teradyne Inc 27.55 $15.28B
ANSS Ansys Inc 47.9 $25.07B
ADSK Autodesk Inc 49.76 $43.4B
PTC Ptc Inc 52.92 $16.41B
SNPS Synopsys Inc 66.86 $69.04B
CDNS Cadence Design Systems Inc 69.77 $62.58B
PDFS Pdf Solutions Inc 132.67 $1.21B
CEVA Ceva Inc N/A $451.39M

Frequently asked questions

What is Cadence Design Systems's PE ratio?

As of Oct 2, 2023, CDNS stock has a price to earnings ratio of 71.66.

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 60.96.

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 48.69.

What is the highest PE ratio for CDNS?

Over the last ten years, the quarterly PE ratio reached a historic high of 73.37 in the Jan 2022 quarter.

How does the current PE ratio for CDNS compare to its historical average?

The current price to earnings ratio of CDNS is 69% higher than the 10-year historical average.

Why is Cadence Design Systems's PE ratio so high?

CDNS's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.

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 2, 2023), Cadence Design Systems's stock price is $236.49. The earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $3.3. Therefore, Cadence Design Systems's P/E ratio for today is 71.66. PE RATIO(71.66) = STOCK PRICE($236.49) / TTM EPS($3.3)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.