Cadence Design Systems
CDNS
#218
Rank
$83.37 B
Marketcap
$304.01
Share price
1.46%
Change (1 day)
12.49%
Change (1 year)

P/E ratio for Cadence Design Systems (CDNS)

P/E ratio as of November 2024 (TTM): 85.6

According to Cadence Design Systems's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 85.6366. At the end of 2022 the company had a P/E ratio of 51.3.

P/E ratio history for Cadence Design Systems from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202251.3-29.77%
202173.115.16%
202063.5230.27%
201919.2-44.32%
201834.5-38.11%
201755.856.98%
201635.548.5%
201523.9-29.39%
201433.942.56%
201323.8184.94%
20128.34-78.35%
201138.5133.16%
201016.5-259.96%
2009-10.31959.87%
2008-0.5014-103.21%
200715.6-55.56%
200635.1-61.5%
200591.278.35%
200451.1-122.76%
2003-225-557.51%
200249.128.95%
200138.1

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
79.9-6.73%๐Ÿ‡บ๐Ÿ‡ธ USA
61.6-28.12%๐Ÿ‡บ๐Ÿ‡ธ USA
90.6 5.83%๐Ÿ‡บ๐Ÿ‡ธ USA
31.8-62.90%๐Ÿ‡บ๐Ÿ‡ธ USA
126 46.99%๐Ÿ‡บ๐Ÿ‡ธ USA
75.6-11.68%๐Ÿ‡บ๐Ÿ‡ธ USA
-20.9-124.44%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.