US · USD
CDNS
Cadence Design Systems Inc
- Day's range
- $337.85 – $355.03
- Day's volume
- $424.9M
- 52-week range
- $265.66 – $416.39
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- Market cap
- $94B
- P/E
- 82.29
- P/B
- 14.69
- Dividend yield (12m)
- 0.00%
CDNS trades at 82.29 times its earnings of the last 12 months.
CDNS price history
CDNS risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +0.68% | +42.17% | +96.98% |
| Volatility (annualized) | 30.19% | 29.38% | 29.70% |
| Largest drawdown | -17.96% | -23.78% | -23.78% |
| Positive months | 6/12 | 21/36 | 34/60 |
How much did investing in CDNS return?
$1,000.00 invested on 10/01/2021 would be worth $2,018.20 today.
- Value today in CDNS
- $2,018.20
- Return over the period
- +101.82%
- Return per year
- +15.08%
- In the S&P 500
- $1,666.57
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
CDNS fundamentals
Valuation
- P/E82.29
- P/B14.69
- EV/EBITDA51.60
- EV/EBIT60.17
- EV/Revenue17.00
- P/EBIT60.17
- P/S17.00
- P/OCF58.83
- P/FCF65.72
- Earnings yield1.66%
- PEG ratio—
- Earnings per share$4.25
- Book value per share$23.79
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio1.47
- Quick ratio1.32
- Cash ratio0.65
Efficiency
- Gross margin—
- EBITDA margin32.94%
- Operating margin28.25%
- Net margin21.18%
- Asset turnover0.46
Profitability
- ROE17.85%
- ROA9.68%
- ROIC17.48%
- Payout0.00%
What is CDNS's fair price?
Two classic value formulas, with today's numbers. The current price is $349.37.
- Graham's fair price
- $47.67
- 86.36% below the price
√(22.50 × $4.25 × $23.79)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to CDNS: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
CDNS's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2022 | 2021 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 76.86 | 78.03 | 71.22 | 51.65 | 63.00 | 87.50 | 19.65 | 35.26 |
| P/B | 15.57 | 17.62 | 21.78 | 15.97 | 16.00 | 20.73 | 9.24 | 9.46 |
| EV/EBITDA | 49.55 | 53.21 | 53.10 | 36.36 | 47.59 | 65.32 | 31.62 | 23.68 |
| Earnings per share | $4.07 | $3.85 | $3.82 | $3.11 | $2.55 | $2.13 | $3.53 | $1.23 |
| Book value per share | $20.08 | $17.05 | $12.50 | $10.06 | $10.04 | $8.99 | $7.51 | $4.60 |
| ROE | 20.26% | 22.58% | 30.58% | 30.93% | 25.39% | 23.69% | 47.03% | 26.84% |
| ROIC | 19.86% | 21.86% | 29.85% | 31.76% | 25.75% | 24.17% | 23.39% | 28.25% |
| EBITDA margin | 32.47% | 33.35% | 34.14% | 33.85% | 30.83% | 29.49% | 26.31% | 24.08% |
| Net margin | 20.94% | 22.74% | 25.46% | 23.84% | 23.29% | 22.02% | 42.33% | 16.17% |
CDNS's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Net revenue | $5.3B | $4.6B | $4.1B | $3.6B | $3B | $2.7B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $1.7B | $1.5B | $1.4B | $1.2B | $921.4M | $791.2M |
| EBIT | $1.5B | $1.4B | $1.3B | $1.1B | $779.1M | $645.6M |
| Financial result | — | — | — | — | — | — |
| Income before tax | $1.5B | $1.4B | $1.3B | $1B | $768.4M | $632.7M |
| Income tax | -$413.2M | -$340.3M | -$240.8M | -$196.4M | -$72.5M | -$42.1M |
| Net income | $1.1B | $1.1B | $1B | $849M | $696M | $590.6M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does CDNS pay dividends?
CDNS has no distributions on record.
About Cadence Design Systems
- Sector
- Services
Questions about CDNS
How much is CDNS today?
CDNS is at $349.37 (5.81% on the day), last traded on 10/01/2026.
What are the P/E and P/B of CDNS?
CDNS trades at a P/E of 82.29 and a P/B of 14.69.
How much did CDNS return in 12 months?
CDNS returned 0.68% in 12 months, with annualized volatility of 30.19% and a largest drawdown of -17.96%.