Cadence Design Systems, Inc. CDNS

326.13 4.13 1.28% as of 25 Sep
Market cap
$88.7B
P/E
64.5×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Cadence Design Systems, Inc. (CDNS) P/B ratio

As of 25 September 2026, Cadence Design Systems, Inc. (CDNS) trades at a P/B ratio of 13.0×. Over the past ten years it has ranged from 3.6× (February 2015) to 25.5× (March 2024); the current reading is higher than 48% of that period. That is above the Software Application industry median of 3.0× and above the Technology sector median of 3.0×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 15.5× (11.14%)
FY2024 17.4× (16.19%)
FY2023 20.8× 31.91%
FY2022 15.8× (15.19%)
FY2021 18.6× 24.15%
FY2020 15.0× 66.21%
FY2019 9.0× (2.44%)
FY2018 9.2× (20.14%)
FY2017 11.6× 19.01%
FY2016 9.7× 123.14%

Quarterly

Period P/B ratio Change
Jun 2026 15.0× 30.13%
Mar 2026 11.5× (25.64%)
Dec 2025 15.5× (15.43%)
Sep 2025 18.3× 9.71%
42 more quarters

Against its own ten years

Low 3.6× High 25.5×
Ten-year median 13.4×
Current reading's percentile 48

P/B ratio against peers

Company P/B ratio
MSTR Strategy Inc compare 1.8×
INTU Intuit Inc. compare 4.0×
UBER Uber Technologies, Inc. compare 5.0×
ADBE Adobe Inc. compare 7.9×
NOW ServiceNow, Inc. compare 11.2×
CDNS Cadence Design Systems, Inc. 13.0×
ADP Automatic Data Processing, Inc. compare 17.6×
DDOG Datadog, Inc. compare 21.9×
SNOW Snowflake Inc. compare 54.6×
Software Application industry median 3.0×
Technology sector median 3.0×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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