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Cadence Design Systems EV-to-EBIT

: 62.34 (As of Today)
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EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Cadence Design Systems's Enterprise Value is $48,515 Mil. Cadence Design Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $778 Mil. Therefore, Cadence Design Systems's EV-to-EBIT for today is 62.34.

The historical rank and industry rank for Cadence Design Systems's EV-to-EBIT or its related term are showing as below:

NAS:CDNS' s EV-to-EBIT Range Over the Past 10 Years
Min: -565.72   Med: 29.55   Max: 106.52
Current: 62.34

-565.72
106.52

During the past 13 years, the highest EV-to-EBIT of Cadence Design Systems was 106.52. The lowest was -565.72. And the median was 29.55.

NAS:CDNS's EV-to-EBIT is ranked lower than
82% of the 1488 Companies
in the Software industry.

( Industry Median: 21.30 vs. NAS:CDNS: 62.34 )

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Cadence Design Systems's Enterprise Value for the quarter that ended in Sep. 2021 was $41,304 Mil. Cadence Design Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 was $778 Mil. Cadence Design Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2021 was 1.88%.


Cadence Design Systems EV-to-EBIT Historical Data

The historical data trend for Cadence Design Systems's EV-to-EBIT 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.

* Premium members only.

Cadence Design Systems Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
EV-to-EBIT
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.75 34.74 30.25 38.44 57.53

Cadence Design Systems Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
EV-to-EBIT Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 50.92 57.53 52.01 49.41 53.08

Competitive Comparison

For the Software - Application subindustry, Cadence Design Systems's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution

For the Software industry and Technology sector, Cadence Design Systems's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cadence Design Systems's EV-to-EBIT falls into.



Cadence Design Systems EV-to-EBIT Calculation

Cadence Design Systems's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=48515.008/778.172
=62.34

Cadence Design Systems's current Enterprise Value is $48,515 Mil.
Cadence Design Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $778 Mil.

* 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.


Cadence Design Systems  (NAS:CDNS) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Cadence Design Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2021 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Sep. 2021 ) =EBIT / Enterprise Value (Q: Sep. 2021 )
=778.172/41303.79904
=1.88 %

Cadence Design Systems's Enterprise Value for the quarter that ended in Sep. 2021 was $41,304 Mil.
Cadence Design Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $778 Mil.

* 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.


Cadence Design Systems EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Cadence Design Systems's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Cadence Design Systems Business Description

Cadence Design Systems logo
Industry
Technology » Software NAICS : 511210 SIC : 7372
Traded in Other Exchanges
Address
2655 Seely Avenue, Building 5, San Jose, CA, USA, 95134
Cadence Design Systems was founded in 1988 after the merger of ECAD and SDA Systems. Cadence is known as an electronic design automation, or EDA, firm that specializes in developing software, hardware, and intellectual property that automates the design and verification of integrated circuits or larger chip systems. Historically, semiconductor firms have relied on the firm's tools, but there has been a shift toward other nontraditional "systems" users given the development of the Internet of Things, artificial intelligence, autonomous vehicles, and cloud computing. Cadence is headquartered in Silicon Valley, has approximately 8,100 employees worldwide, and was added to the S&P 500 in late 2017.
Executives
Teng Chin-chi officer: Sr. Vice President 2655 SEELY AVENUE SAN JOSE CA 95134
Tan Lip Bu director, officer: CEO ONE CALIFORNIA STREET 28TH FLOOR SAN FRANCISCO CA 94111
Beckley Thomas P officer: Sr. Vice President 2655 SEELY AVENUE SAN JOSE CA 95134
Wall John M officer: Sr. VP & CFO 2655 SEELY AVENUE SAN JOSE CA 95134
Mandava Surendra Babu officer: Sr. Vice President 47211 LAKEVIEW BLVD FREMONT CA 94538
Devgan Anirudh officer: President 2655 SEELY AVENUE SAN JOSE CA 95134
Zaman Aneel officer: Sr. Vice President 2655 SEELY AVENUE SAN JOSE CA 95134
Bostrom Susan L director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: BOSTROM SUSAN L a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Flaminia Alinka officer: Sr. VP, Chief Legal Officer 3975 FREEDOM CIRCLE SANTA CLARA CA 95054
Siboni Roger S director 1900 SOUTH NORFOLK STREET SAN MATEO CA 94403
Cowie James J officer: Sr. VP, General Counsel 2655 SEELY AVENUE BLDG. 5 SAN JOSE CA 95134
Chew Lewis director DOLBY LABORATORIES, INC. 1275 MARKET STREET SAN FRANCISCO CA 94103
Brennan Ita M director 5453 GREAT AMERICA PARKWAY SANTA CLARA CA 95054
Adams Mark director 834 TERRACE DRIVE LOS ALTOS CA 94024
Wilderotter Mary Agnes director 115 ALPINE TERRACE OAKLAND CA 94618

Cadence Design Systems Headlines

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