Question 1

What is Cadence Design Systems's P/S ratio?

Accepted Answer

Cadence Design Systems (CDNS) P/S ratio is 18.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Cadence Design Systems?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Cadence Design Systems specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

Is Cadence Design Systems's P/S ratio high or low?

Accepted Answer

Cadence Design Systems's P/S ratio of 18.6× is above its own 5-year average of 15.8× and above the sector median of 5.7×. That places the current reading at the 79th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Cadence Design Systems's historical P/S ratio range?

Accepted Answer

In the available daily series, Cadence Design Systems (CDNS) P/S ratio has ranged from a low of 0.8× in 2008 to a high of 21.9× in 2024. The 5-year average is 15.8× and the 5-year median is 16.0×.

Question 7

What was Cadence Design Systems's P/S ratio in 2025?

Accepted Answer

Cadence Design Systems (CDNS) P/S ratio at the end of 2025 was 16.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Cadence Design Systems's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$84.69B	$5.30B	16.0×	-1.6×	Dec 31, 2025
2024	$81.75B	$4.64B	17.6×	-0.3×	Dec 31, 2024
2023	$73.29B	$4.09B	17.9×	+5.8×	Dec 31, 2023
2022	$43.33B	$3.56B	12.2×	-4.9×	Dec 31, 2022
2021	$50.89B	$2.99B	17.0×	+3.1×	Dec 31, 2021
2020	$37.38B	$2.68B	13.9×	+5.8×	Dec 31, 2020
2019	$18.95B	$2.34B	8.1×	+2.5×	Dec 31, 2019
2018	$11.90B	$2.14B	5.6×	-0.3×	Dec 31, 2018
2017	$11.42B	$1.94B	5.9×	+2.1×	Dec 31, 2017
2016	$6.87B	$1.82B	3.8×	+0.1×	Dec 31, 2016
2015	$6.19B	$1.70B	3.6×	+0.2×	Dec 31, 2015
2014	$5.39B	$1.58B	3.4×	+0.7×	Dec 31, 2014
2013	$3.93B	$1.46B	2.7×	-0.1×	Dec 31, 2013
2012	$3.69B	$1.33B	2.8×	+0.4×	Dec 31, 2012
2011	$2.77B	$1.15B	2.4×	+0.1×	Dec 31, 2011
2010	$2.15B	$935.95M	2.3×	+0.5×	Dec 31, 2010
2009	$1.56B	$852.63M	1.8×	+1.0×	Dec 31, 2009
2008	$911.10M	$1.08B	0.8×	-2.2×	Dec 31, 2008
2007	$4.95B	$1.62B	3.1×	-0.6×	Dec 31, 2007
2006	$5.51B	$1.48B	3.7×	-0.3×	Dec 31, 2006
2005	$5.38B	$1.33B	4.0×	+0.5×	Dec 31, 2005
2004	$4.20B	$1.20B	3.5×	-1.3×	Dec 31, 2004
2003	$5.42B	$1.12B	4.8×	+2.4×	Dec 31, 2003
2002	$3.18B	$1.29B	2.5×	-1.6×	Dec 31, 2002
2001	$5.81B	$1.43B	4.1×	—	Dec 31, 2001


DocuSign (DOCU)	2.7×
Broadridge Financial Solutions (BR)	2.6×
Celestica (CLS)	2.3×
EchoStar (SATS)	2.3×
Gen Digital (GEN)	2.3×
GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Skyworks Solutions (SWKS)	2.1×
Qorvo (QRVO)	1.9×
Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.8×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Block (SQ)	1.4×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Dell Technologies (DELL)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Jabil (JBL)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×

P/S Ratio for Cadence Design Systems (CDNS)

P/S Ratio daily chart for Cadence Design Systems (CDNS)

Historical P/S Ratio for Cadence Design Systems (CDNS) from 2001 to 2025

About P/S Ratio at Cadence Design Systems (CDNS)

Cadence Design Systems P/S Ratio by Year

Cadence Design Systems P/S Ratio 2025: 16.0×

Cadence Design Systems P/S Ratio 2024: 17.6×

Cadence Design Systems P/S Ratio 2023: 17.9×

Cadence Design Systems P/S Ratio 2022: 12.2×

Cadence Design Systems P/S Ratio 2021: 17.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Cadence Design Systems (CDNS) Key Financials

P/S Ratio daily chart for Cadence Design Systems (CDNS)

Historical P/S Ratio for Cadence Design Systems (CDNS) from 2001 to 2025

About P/S Ratio at Cadence Design Systems (CDNS)

Cadence Design Systems P/S Ratio by Year

Cadence Design Systems P/S Ratio 2025: 16.0×

Cadence Design Systems P/S Ratio 2024: 17.6×

Cadence Design Systems P/S Ratio 2023: 17.9×

Cadence Design Systems P/S Ratio 2022: 12.2×

Cadence Design Systems P/S Ratio 2021: 17.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Cadence Design Systems's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Cadence Design Systems?

+Is Cadence Design Systems's P/S ratio high or low?

+What is Cadence Design Systems's historical P/S ratio range?

+What was Cadence Design Systems's P/S ratio in 2025?

+Why does Cadence Design Systems's P/S ratio change over time?

Cadence Design Systems (CDNS) Key Financials