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CDNS Cadence Design Systems PE ratio, current and historical analysis

The PE ratio for Cadence Design Systems stock stands at 81.36 as of Jul 12, 2024. This is calculated based on the current EPS of $3.88 and the stock price of $315.67 per share. An increase of 13% has been seen in the P/E ratio compared to the average of 72.0 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 45.46. The current 81.36 PE ratio is 79% 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.

Average
45.46
Median
44.41
Minimum
17.2
Maximum
80.23

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

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
64.49
5-year avg
53.55
10-year avg
45.46
15-year avg
40.19

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 63.46.

Stock name PE ratio Market cap
ADSK Autodesk Inc 54.46 $54.7B
TER Teradyne Inc 56.97 $24.9B
ANSS Ansys Inc 65.51 $28.6B
SNPS Synopsys Inc 65.86 $94.45B
PTC Ptc Inc 76.24 $22.09B
CDNS Cadence Design Systems Inc 81.37 $85.92B
PDFS Pdf Solutions Inc 640.92 $1.48B
CEVA Ceva Inc N/A $490.15M

Frequently asked questions

What is Cadence Design Systems's PE ratio?

As of Jul 12, 2024, CDNS stock has a price to earnings ratio of 81.36.

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 64.49.

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 53.55.

What is the highest PE ratio for CDNS?

Within the last ten years, the current P/E ratio is at its peak with a value of 81.36.

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

The current price to earnings ratio of CDNS is 79% 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 (Jul 12, 2024), Cadence Design Systems's stock price is $315.67. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $3.88. Therefore, Cadence Design Systems's P/E ratio for today is 81.36. PE RATIO(81.36) = STOCK PRICE($315.67) / TTM EPS($3.88)

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