P/E ratio for Synopsys (SNPS)
P/E ratio as of June 2023 (TTM): 70.9
According to Synopsys's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 70.9384. At the end of 2021 the company had a P/E ratio of 74.3.
P/E ratio history for Synopsys from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 74.3 | 25.81% |
| 2020 | 59.1 | 42.96% |
| 2019 | 41.3 | 42.69% |
| 2018 | 28.9 | -69.43% |
| 2017 | 94.7 | 183.2% |
| 2016 | 33.4 | 7.05% |
| 2015 | 31.2 | 20.01% |
| 2014 | 26.0 | 3.94% |
| 2013 | 25.0 | |
| 2011 | 18.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Intel INTC | 16.2 | -77.23% | 🇺🇸 USA |
 Ansys ANSS | 49.7 | -29.95% | 🇺🇸 USA |
 Autodesk ADSK | 52.5 | -25.94% | 🇺🇸 USA |
 Cadence Design Systems CDNS | 71.9 | 1.43% | 🇺🇸 USA |
 PDF Solutions PDFS | -487 | -787.14% | 🇺🇸 USA |
 CEVA
CEVA | -24.7 | -134.85% | 🇺🇸 USA |
 National Instruments
NATI | 54.2 | -23.53% | 🇺🇸 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.