Cadence Design Systems, Inc.CDNS

Where CDNS's EV/EBITDA sits inside its own 10-year distribution, with the yearly high, low and average.

$292.70-12.18 (-4.00%)Previous close
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CDNS EV/EBITDA: current value, 10-year range and year-by-year history

37.3Below average

CDNS's ev/ebitda is lower than 65% of the last 10 years.

EV/EBITDA History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
CDNS EV/EBITDA historyCDNS EV/EBITDA from Sep 2023 to Sep 2026: low 36.14, high 61.03, latest 37.35.34.1441.3648.5855.863.02Sep 23Apr 24Nov 24Jun 25Jan 26Sep 26med 50.02

CDNS EV/EBITDA by year

Yearly range of CDNS’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 18.0 to 61.0, averaging 39.5.

CDNS EV/EBITDA — yearly low, average, high and year-end values
YearLowAverageHighYear-end
202637.345.458.437.3
202536.148.758.545.3
202443.853.061.049.4
202335.649.057.356.5
202233.241.354.937.5
202138.446.757.055.9
202024.039.352.447.1
201922.030.435.330.8
201822.025.428.023.0
201719.124.629.326.9
201618.019.420.519.3

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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.

Formula(Market Cap + Net Debt) / EBITDA
Full guide
How to read this chart

Unlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.

Key caveats
  • EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
  • Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.

Is CDNS EV/EBITDA High or Low Right Now?

Cadence Design Systems, Inc.'s EV/EBITDA is currently 37.3, which is below average relative to its 10-year historical range. The 10-year median EV/EBITDA for CDNS is approximately 41.8. See all CDNS valuation metrics →

Pro — up to 30-year history

Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.