Cadence Design Systems
CDNS
#327
Rank
$49.57 B
Marketcap
$180.74
Share price
-2.32%
Change (1 day)
18.80%
Change (1 year)

P/E ratio for Cadence Design Systems (CDNS)

P/E ratio as of January 2023 (TTM): 62.5

According to Cadence Design Systems's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 62.5398. At the end of 2021 the company had a P/E ratio of 73.1.

P/E ratio history for Cadence Design Systems from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
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

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
48.6-22.26%๐Ÿ‡บ๐Ÿ‡ธ USA
73.1 16.92%๐Ÿ‡บ๐Ÿ‡ธ USA
54.3-13.13%๐Ÿ‡บ๐Ÿ‡ธ USA
20.8-66.77%๐Ÿ‡บ๐Ÿ‡ธ USA
49.9-20.18%๐Ÿ‡บ๐Ÿ‡ธ USA
-109-274.18%๐Ÿ‡บ๐Ÿ‡ธ USA
-36.5-158.28%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.