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	75.5	-13.92%	🇺🇸 USA
Ansys ANSS	61.7	-29.65%	🇺🇸 USA
PTC PTC	94.7	7.93%	🇺🇸 USA
Teradyne TER	39.3	-55.23%	🇺🇸 USA
PDF Solutions PDFS	127	44.61%	🇺🇸 USA
Autodesk ADSK	74.4	-15.17%	🇺🇸 USA
CEVA CEVA	-24.0	-127.42%	🇺🇸 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.