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Cadence Design Systems Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
- Analysis of Debt
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Calculation
P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Feb 21, 2025 | = | ÷ | = | ÷ | |||||||
Feb 14, 2024 | = | ÷ | = | ÷ | |||||||
Feb 13, 2023 | = | ÷ | = | ÷ | |||||||
Feb 22, 2022 | = | ÷ | = | ÷ | |||||||
Feb 22, 2021 | = | ÷ | = | ÷ | |||||||
Feb 24, 2020 | = | ÷ | = | ÷ | |||||||
Feb 27, 2019 | = | ÷ | = | ÷ | |||||||
Feb 20, 2018 | = | ÷ | = | ÷ | |||||||
Feb 10, 2017 | = | ÷ | = | ÷ | |||||||
Feb 18, 2016 | = | ÷ | = | ÷ | |||||||
Feb 20, 2015 | = | ÷ | = | ÷ | |||||||
Feb 20, 2014 | = | ÷ | = | ÷ | |||||||
Feb 21, 2013 | = | ÷ | = | ÷ | |||||||
Feb 24, 2012 | = | ÷ | = | ÷ | |||||||
Feb 24, 2011 | = | ÷ | = | ÷ | |||||||
Feb 26, 2010 | = | ÷ | = | ÷ | |||||||
Mar 2, 2009 | = | ÷ | = | ÷ | |||||||
Feb 26, 2008 | = | ÷ | = | ÷ | |||||||
Feb 23, 2007 | = | ÷ | = | ÷ | |||||||
Mar 10, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Cadence Design Systems Inc. Annual Report.
The data reveals a fluctuating but generally upward trend in the share price over the period under review. Starting from a price of $18.08, the share price experienced a significant decline reaching a low of $3.97 in early 2009. Subsequently, a recovery phase commenced, with the share price progressively increasing to peak levels above $300 in early 2024, before a slight pullback to $258.34 by early 2025.
Book value per share (BVPS) exhibited considerable volatility, particularly around the financial crisis period in 2009 where it sharply dropped to $0.39 from preceding values above $6. Thereafter, BVPS gradually increased year-over-year, indicating an improvement in the company's net asset position. By early 2025, the BVPS reached $17.05, which is substantially higher than the starting value, evidencing long-term asset growth.
The price-to-book (P/BV) ratio experienced pronounced swings throughout the timeframe. Initially, it was moderate at 2.78 but spiked dramatically to over 10 during 2009, coinciding with the low book value, indicating an overvaluation relative to book value at that point. In subsequent years, the ratio moderated somewhat but generally trended higher, with values peaking around 24.05 in early 2024. This elevated P/BV ratio suggests that the share price growth outpaced the growth in book value, reflecting strong market confidence and possibly expectations of future earnings growth.
- Share Price Trend
- Started at $18.08, declined to a low of $3.97 in 2009, then steadily increased to a peak near $300 in early 2024, followed by a slight decrease in 2025.
- Book Value Per Share (BVPS) Trend
- Fluctuated significantly with a sharp drop in 2009; subsequently demonstrated a consistent upward trend reaching $17.05 in 2025.
- Price-to-Book Value (P/BV) Ratio Trend
- Initially moderate, spiked exceptionally in 2009, then maintained generally high levels with peaks above 20 in recent years, indicating heightened market valuation relative to book assets.
In summary, the analyzed period reflects substantial growth in share price and book value per share after the 2009 downturn, with the market consistently valuing the company at a premium over its book value. This pattern is indicative of investor optimism about the company's profitability and growth prospects, despite intermittent volatility during broader economic challenges.
Comparison to Competitors
Cadence Design Systems Inc. | Accenture PLC | Adobe Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
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Feb 21, 2025 | |||||||||||||||
Feb 14, 2024 | |||||||||||||||
Feb 13, 2023 | |||||||||||||||
Feb 22, 2022 | |||||||||||||||
Feb 22, 2021 | |||||||||||||||
Feb 24, 2020 | |||||||||||||||
Feb 27, 2019 | |||||||||||||||
Feb 20, 2018 | |||||||||||||||
Feb 10, 2017 | |||||||||||||||
Feb 18, 2016 | |||||||||||||||
Feb 20, 2015 | |||||||||||||||
Feb 20, 2014 | |||||||||||||||
Feb 21, 2013 | |||||||||||||||
Feb 24, 2012 | |||||||||||||||
Feb 24, 2011 | |||||||||||||||
Feb 26, 2010 | |||||||||||||||
Mar 2, 2009 | |||||||||||||||
Feb 26, 2008 | |||||||||||||||
Feb 23, 2007 | |||||||||||||||
Mar 10, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Software & Services)
Cadence Design Systems Inc. | Software & Services | |
---|---|---|
Feb 21, 2025 | ||
Feb 14, 2024 | ||
Feb 13, 2023 | ||
Feb 22, 2022 | ||
Feb 22, 2021 | ||
Feb 24, 2020 | ||
Feb 27, 2019 | ||
Feb 20, 2018 | ||
Feb 10, 2017 | ||
Feb 18, 2016 | ||
Feb 20, 2015 | ||
Feb 20, 2014 | ||
Feb 21, 2013 | ||
Feb 24, 2012 | ||
Feb 24, 2011 | ||
Feb 26, 2010 | ||
Mar 2, 2009 | ||
Feb 26, 2008 | ||
Feb 23, 2007 | ||
Mar 10, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Information Technology)
Cadence Design Systems Inc., P/BV, long-term trends, comparison to industry (information technology)
Cadence Design Systems Inc. | Information Technology | |
---|---|---|
Feb 21, 2025 | ||
Feb 14, 2024 | ||
Feb 13, 2023 | ||
Feb 22, 2022 | ||
Feb 22, 2021 | ||
Feb 24, 2020 | ||
Feb 27, 2019 | ||
Feb 20, 2018 | ||
Feb 10, 2017 | ||
Feb 18, 2016 | ||
Feb 20, 2015 | ||
Feb 20, 2014 | ||
Feb 21, 2013 | ||
Feb 24, 2012 | ||
Feb 24, 2011 | ||
Feb 26, 2010 | ||
Mar 2, 2009 | ||
Feb 26, 2008 | ||
Feb 23, 2007 | ||
Mar 10, 2006 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).