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.
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.
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's current P/E ratio is above the 3, 5 and 10-year historical averages.
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 |
As of Oct 2, 2023, CDNS stock has a price to earnings ratio of 71.66.
Over the last 3 years, the average price to earnings ratio for CDNS stock is 60.96.
Over the last 5 years, the average price to earnings ratio for CDNS stock is 48.69.
Over the last ten years, the quarterly PE ratio reached a historic high of 73.37 in the Jan 2022 quarter.
The current price to earnings ratio of CDNS is 69% 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 (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.