P/E ratio for Cadence Design Systems (CDNS)

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

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Synopsys SNPS	72.9	-14.71%	🇺🇸 USA
Ansys ANSS	60.4	-29.32%	🇺🇸 USA
PTC PTC	90.3	5.66%	🇺🇸 USA
Teradyne TER	39.2	-54.10%	🇺🇸 USA
PDF Solutions PDFS	118	37.53%	🇺🇸 USA
Autodesk ADSK	73.2	-14.36%	🇺🇸 USA
CEVA CEVA	-23.5	-127.47%	🇺🇸 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.