Cadence Design Systems (LTS:0HS2) EV-to-EBIT : 61.17 (As of Dec. 01, 2024)

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What is Cadence Design Systems EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Cadence Design Systems's Enterprise Value is $84,186 Mil. Cadence Design Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $1,376 Mil. Therefore, Cadence Design Systems's EV-to-EBIT for today is 61.17.

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

LTS:0HS2' s EV-to-EBIT Range Over the Past 10 Years
Min: 18.69 Med: 40.67 Max: 66.42
Current: 61.17

During the past 13 years, the highest EV-to-EBIT of Cadence Design Systems was 66.42. The lowest was 18.69. And the median was 40.67.

LTS:0HS2's EV-to-EBIT is ranked worse than
83.52% of 1717 companies
in the Software industry
Industry Median: 17.78 vs LTS:0HS2: 61.17

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. 2024 was $74,134 Mil. Cadence Design Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 was $1,376 Mil. Cadence Design Systems's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 1.86%.

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.

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Cadence Design Systems EV-to-EBIT Chart

Cadence Design Systems Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EV-to-EBIT

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38.44

57.52

64.87

41.00

55.86

Cadence Design Systems Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
EV-to-EBIT	Get a 7-Day Free Trial															54.37	55.86	64.58	63.70	54.04

Competitive Comparison of Cadence Design Systems's EV-to-EBIT

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's EV-to-EBIT Distribution in the Software Industry

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)
	=	84185.781	/	1376.31
	=	61.17

Cadence Design Systems's current Enterprise Value is $84,186 Mil.
Cadence Design Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,376 Mil.

Cadence Design Systems (LTS:0HS2) 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. 2024 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Sep. 2024 )	=	EBIT	/	Enterprise Value (Q: Sep. 2024 )
	=	1376.31	/	74134.04208
	=	1.86 %

Cadence Design Systems's Enterprise Value for the quarter that ended in Sep. 2024 was $74,134 Mil.
Cadence Design Systems's EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,376 Mil.

Cadence Design Systems EV-to-EBIT Related Terms

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Cadence Design Systems Business Description

Industry

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Address

2655 Seely Avenue, Building 5, San Jose, CA, USA, 95134

Website

https://www.cadence.com

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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