P/E ratio for Cadence Design Systems (CDNS)
P/E ratio as of December 2023 (TTM): 74.2
According to Cadence Design Systems's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 74.2197. 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 |
|---|---|---|
| 2022 | 51.3 | -29.77% |
| 2021 | 73.1 | 15.16% |
| 2020 | 63.5 | 230.27% |
| 2019 | 19.2 | -44.32% |
| 2018 | 34.5 | -38.11% |
| 2017 | 55.8 | 56.98% |
| 2016 | 35.5 | 48.5% |
| 2015 | 23.9 | -29.39% |
| 2014 | 33.9 | 42.56% |
| 2013 | 23.8 | 184.94% |
| 2012 | 8.34 | -78.35% |
| 2011 | 38.5 | 133.16% |
| 2010 | 16.5 | -259.96% |
| 2009 | -10.3 | 1959.87% |
| 2008 | -0.5014 | -103.21% |
| 2007 | 15.6 | -55.56% |
| 2006 | 35.1 | -61.5% |
| 2005 | 91.2 | 78.35% |
| 2004 | 51.1 | -122.76% |
| 2003 | -225 | -557.51% |
| 2002 | 49.1 | 28.95% |
| 2001 | 38.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Ansys ANSS | 51.7 | -30.32% | 🇺🇸 USA |
 Autodesk ADSK | 54.4 | -26.74% | 🇺🇸 USA |
 Synopsys SNPS | 78.3 | 5.56% | 🇺🇸 USA |
 Teradyne TER | 28.6 | -61.50% | 🇺🇸 USA |
 PTC PTC | 76.9 | 3.58% | 🇺🇸 USA |
 PDF Solutions PDFS | 128 | 72.85% | 🇺🇸 USA |
 CEVA
CEVA | -16.5 | -122.20% | 🇺🇸 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.