Cadence Design Systems, Inc.

Cadence Design Systems, Inc.verified

CDNS

Price:

$311.87

Market Cap:

$85.53B

Cadence Design Systems, Inc. provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. The company also provides digital IC design and sign off products, including Genus logic synthesis and Joules RTL power solutions, as well as Modus software solution to reduce systems-on-chip design-for-test time; physical impl...[Read more]

Industry

Software - Application

IPO Date

1987-06-10

Stock Exchange

NASDAQ

Ticker

CDNS

The PE Ratio as of November 2024 (TTM) for Cadence Design Systems, Inc. (CDNS) is 82.07

According to Cadence Design Systems, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 82.07. This represents a change of 5.64% compared to the average of 77.69 of the last 4 quarters.

Cadence Design Systems, Inc. (CDNS) Historical PE Ratio (quarterly & annually)

How has CDNS PE Ratio performed in the past?

The mean historical PE Ratio of Cadence Design Systems, Inc. over the last ten years is 46.04. The current 82.07 PE Ratio has changed 17.73% with respect to the historical average. Over the past ten years (40 quarters), CDNS's PE Ratio was at its highest in in the June 2024 quarter at 91.75. The PE Ratio was at its lowest in in the December 2017 quarter at -197.75.

Quarterly (TTM)
Annual

Average

46.04

Median

43.32

Minimum

19.42

Maximum

73.23

Cadence Design Systems, Inc. (CDNS) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Cadence Design Systems, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 225.58%

Maximum Annual PE Ratio = 73.23

Minimum Annual Increase = -43.40%

Minimum Annual PE Ratio = 19.42

Quarterly (TTM)
Annual
YearPE RatioChange
202370.4737.33%
202251.32-29.93%
202273.2315.83%
202163.23225.58%
201919.42-43.40%
201834.31-38.46%
201755.7557.80%
201635.3348.79%
201623.75-29.28%
201533.5842.52%

Cadence Design Systems, Inc. (CDNS) Average PE Ratio

How has CDNS PE Ratio performed in the past?

The current PE Ratio of Cadence Design Systems, Inc. (CDNS) is greater than its 3-year, greater than its 5-year, and greater than its 10-year historical averages

3-year avg

65.01

5-year avg

55.53

10-year avg

46.04

Cadence Design Systems, Inc. (CDNS) PE Ratio vs. Peers

How is CDNS’s PE Ratio compared to its peers?

Cadence Design Systems, Inc.’s PE Ratio is greater than Workday, Inc. (46.09), greater than Salesforce, Inc. (58.54), greater than Intuit Inc. (61.40), greater than Snowflake Inc. (-49.47), greater than Atlassian Corporation (-172.97), greater than Zoom Video Communications, Inc. (30.33), less than ServiceNow, Inc. (163.66), greater than Paycom Software, Inc. (27.40), less than Datadog, Inc. (272.01), less than The Trade Desk, Inc. (206.91), greater than Unity Software Inc. (-11.82), greater than Autodesk, Inc. (65.65),

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