What is Cadence Design Systems Book Value per Share?
Cadence Design Systems's book value per share for the quarter that ended in Mar. 2024 was $13.04.
During the past 12 months, Cadence Design Systems's average Book Value Per Share Growth Rate was 24.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 11.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 18.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Cadence Design Systems was 100.80% per year. The lowest was -59.50% per year. And the median was 11.90% per year.
Cadence Design Systems's current price is $278.005. Its book value per share for the quarter that ended in Mar. 2024 was $13.04. Hence, today's PB Ratio of Cadence Design Systems is 21.32.
During the past 13 years, the highest P/B Ratio of Cadence Design Systems was 25.76. The lowest was 3.33. And the median was 11.23.
Cadence Design Systems Book Value per Share Historical Data
The historical data trend for Cadence Design Systems's Book Value per Share can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Cadence Design Systems's Book Value per Share
For the Software - Application subindustry, Cadence Design Systems's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cadence Design Systems's PB Ratio Distribution in the Software Industry
For the Software industry and Technology sector, Cadence Design Systems's PB Ratio distribution charts can be found below:
* The bar in red indicates where Cadence Design Systems's PB Ratio falls into.
Cadence Design Systems Book Value per Share Calculation
Cadence Design Systems's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.
Cadence Design Systems (NAS:CDNS) Book Value per Share Explanation
Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.
For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.
Cadence Design Systems Book Value per Share Related Terms
Thank you for viewing the detailed overview of Cadence Design Systems's Book Value per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Cadence Design Systems (Cadence Design Systems) Business Description
Cadence Design Systems is a provider of electronic design automation software, intellectual property, and system design and analysis products. EDA software automates the chip design process, enhancing design accuracy, productivity, and complexity in a full-flow end-to-end solution. Cadence offers a portfolio of design IP, as well as system design and analysis products, which enable system-level analysis and verification solutions. Cadence's comprehensive portfolio is benefiting from a mutual convergence of semiconductor companies moving up-stack toward systems-like companies, and systems companies moving down-stack toward in-house semiconductor design. The resulting expansion in EDA customers, alongside secular digitalization of various end markets, benefits EDA vendors like Cadence.
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