CDNS Cadence Design Systems PE ratio, current and historical analysis
The PE ratio for Cadence Design Systems stock stands at 79.82 as of Nov 21, 2024. This is calculated based on the current EPS of $3.84 and the stock price of $306.51 per share. An increase of 6% has been seen in the P/E ratio compared to the average of 75.0 of the last 4 quarters.
CDNS PE ratio history
Over the last ten years, the average PE ratio of Cadence Design Systems has been 47.12. The current 79.82 PE ratio is 69% 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 3, 5 and 10-year historical averages.
CDNS PE vs 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 53.65.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TER Teradyne Inc | 32.37 | $17.19B |
| ANSS Ansys Inc | 53.52 | $30.51B |
| SNPS Synopsys Inc | 56.87 | $85.71B |
| PTC Ptc Inc | 61.39 | $23.15B |
| ADSK Autodesk Inc | 64.11 | $67.81B |
| CDNS Cadence Design Systems Inc | 79.82 | $84.06B |
| PDFS Pdf Solutions Inc | 279.91 | $1.19B |
| CEVA Ceva Inc | N/A | $677.38M |
Frequently asked questions
What is Cadence Design Systems's PE ratio?
As of Nov 21, 2024, CDNS stock has a price to earnings ratio of 79.82.
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 66.54.
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 56.25.
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 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 (Nov 21, 2024), Cadence Design Systems's stock price is $306.51. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $3.84. Therefore, Cadence Design Systems's P/E ratio for today is 79.82. PE RATIO(79.82) = STOCK PRICE($306.51) / TTM EPS($3.84)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.