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Cadence Design Systems Inc
NASDAQ:CDNS

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Cadence Design Systems Inc
NASDAQ:CDNS
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Price: 282.41 USD 1.92% Market Closed
Updated: Apr 28, 2024

P/E
Price to Earnings

73.3
Current
66.6
Median
24.3
Industry
Higher than median
Higher than industry value

Price to Earnings (P/E) ratio is a valuation multiple that compares a company’s market capitalization to its net income. It indicates the dollar amount an investor can expect to invest in a company in order to receive $1 of that company’s earnings.

P/E
73.3
=
Market Cap
76.7B
/
Net Income
1B
All Countries
Close

P/E Forward Multiples

Forward P/E multiple is a version of the P/E ratio that uses forecasted net income for the P/E calculation. 1-Year, 2-Years, and 3-Years forwards use net income forecasts for 1, 2, and 3 years ahead, respectively.

1-Year Forward
P/E
46.5
2-Years Forward
P/E
39.7
3-Years Forward
P/E
32.4

See Also

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