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Cadence Design Systems CDNS

US equityMarket cap rank #182Software - Application
$324.32
+$2.32 (+0.72%)
Market open · Sep 25, 3:00 pm ET
After hours $321.99 0.00%
Open$324.97
Prev close$322.00
Day range$322.78 – $330.81
Volume1.47M
Market cap$89.31B
P/E (TTM)64.5
Dividend yield–

Valuation

Multiples measured against the stock's own five-year history

Price / earnings56.2x
CheapRich

Near the bottom of its 5-year range · 5th percentile, 5-year average 72.2x

#2582 of 2974 stocks by PE (1 = cheapest)

Price / book11.4x
CheapRich

Near the bottom of its 5-year range · 0th percentile, 5-year average 18.3x

#4902 of 5298 stocks by PB (1 = cheapest)

Price / sales13.3x
CheapRich

Near the bottom of its 5-year range · 8th percentile, 5-year average 16.6x

#4525 of 5139 stocks by PS (1 = cheapest)

P/E over five years

46x64x82x100xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$350.00
Price vs. fair value-7.3%Trading below the estimate
Star rating★★★★☆
Economic moatWide
UncertaintyHigh
MultipleCurrent5y averagePercentile vs. own historyIndustry rank
PB 11.36 18.31 0% (cheaper than usual) #4902 of 5298 (1 = cheapest)
PE 56.24 72.25 5% (cheaper than usual) #2582 of 2974 (1 = cheapest)
PS 13.35 16.62 8% (cheaper than usual) #4525 of 5139 (1 = cheapest)

Percentile is against this stock’s own 5-year valuation range: higher means it’s trading rich relative to its own history, lower means cheap relative to its own history — it is not a comparison against other companies.

Morningstar view

Star rating★★★★
Fair value estimate$350.00
Economic moatWide
UncertaintyHigh
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