Cadence Price To Book Ratio from 2010 to 2024

CDNS Stock  USD 304.41  2.94  0.98%   
Cadence Design Price To Book Ratio yearly trend continues to be comparatively stable with very little volatility. Price To Book Ratio is likely to outpace its year average in 2024. Price To Book Ratio is a ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter's book value per share. View All Fundamentals
 
Price To Book Ratio  
First Reported
2010-12-31
Previous Quarter
21.55272097
Current Value
22.63
Quarterly Volatility
5.08611082
 
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Yuan Drop
 
Covid
Check Cadence Design financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Cadence Design's main balance sheet or income statement drivers, such as Depreciation And Amortization of 118.7 M, Interest Expense of 38 M or Selling General Administrative of 152.6 M, as well as many indicators such as Price To Sales Ratio of 18.84, Dividend Yield of 7.0E-4 or PTB Ratio of 22.63. Cadence financial statements analysis is a perfect complement when working with Cadence Design Valuation or Volatility modules.
  
Check out the analysis of Cadence Design Correlation against competitors.

Latest Cadence Design's Price To Book Ratio Growth Pattern

Below is the plot of the Price To Book Ratio of Cadence Design Systems over the last few years. It is a ratio used to compare a firm's market value to its book value, calculated by dividing the current closing price of the stock by the latest quarter's book value per share. Cadence Design's Price To Book Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Cadence Design's overall financial position and show how it may be relating to other accounts over time.
Price To Book Ratio10 Years Trend
Slightly volatile
   Price To Book Ratio   
       Timeline  

Cadence Price To Book Ratio Regression Statistics

Arithmetic Mean16.63
Geometric Mean15.56
Coefficient Of Variation30.58
Mean Deviation3.81
Median18.60
Standard Deviation5.09
Sample Variance25.87
Range16.9108
R-Value0.64
Mean Square Error16.55
R-Squared0.41
Significance0.01
Slope0.72
Total Sum of Squares362.16

Cadence Price To Book Ratio History

2024 22.63
2023 21.55
2022 15.87
2016 9.67
2012 18.6
2011 6.68
2010 5.72

About Cadence Design Financial Statements

Cadence Design shareholders use historical fundamental indicators, such as Price To Book Ratio, to determine how well the company is positioned to perform in the future. Although Cadence Design investors may analyze each financial statement separately, they are all interrelated. The changes in Cadence Design's assets and liabilities, for example, are also reflected in the revenues and expenses on on Cadence Design's income statement. Understanding these patterns can help investors time the market effectively. Please read more on our fundamental analysis page.
Last ReportedProjected for Next Year
Price To Book Ratio 21.55  22.63 

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Additional Tools for Cadence Stock Analysis

When running Cadence Design's price analysis, check to measure Cadence Design's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cadence Design is operating at the current time. Most of Cadence Design's value examination focuses on studying past and present price action to predict the probability of Cadence Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cadence Design's price. Additionally, you may evaluate how the addition of Cadence Design to your portfolios can decrease your overall portfolio volatility.