The PE ratio for Cadence Design Systems stock stands at 72.79 as of Apr 26, 2024. This is calculated based on the current EPS of $3.88 and the stock price of $282.41 per share. The current price-to-earnings ratio is about the same as the last 4 quarters average.
Over the last ten years, the average PE ratio of Cadence Design Systems has been 45.25. The current 72.79 PE ratio is 61% 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.
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's current P/E ratio is above the 3, 5 and 10-year historical averages.
Compared to its peers PTC and 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 59.46.
| Stock name | PE ratio | Market cap |
|---|---|---|
| TER Teradyne Inc | 39.22 | $17.47B |
| ADSK Autodesk Inc | 50.8 | $46.62B |
| ANSS Ansys Inc | 57.94 | $29.04B |
| SNPS Synopsys Inc | 58.84 | $82.93B |
| CDNS Cadence Design Systems Inc | 72.79 | $76.85B |
| PTC Ptc Inc | 90.5 | $21.64B |
| PDFS Pdf Solutions Inc | 388 | $1.2B |
| CEVA Ceva Inc | N/A | $472.2M |
As of Apr 26, 2024, CDNS stock has a price to earnings ratio of 72.79.
Over the last 3 years, the average price to earnings ratio for CDNS stock is 63.75.
Over the last 5 years, the average price to earnings ratio for CDNS stock is 53.16.
Over the last ten years, the quarterly PE ratio reached a historic high of 80.23 in the Mar 2024 quarter.
The current price to earnings ratio of CDNS is 61% higher than the 10-year historical average.
CDNS's PE ratio is high because its earnings per share (EPS) is low relative to its stock price.
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 (Apr 26, 2024), Cadence Design Systems's stock price is $282.41. 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 72.79. PE RATIO(72.79) = STOCK PRICE($282.41) / TTM EPS($3.88)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.