Cadence Design Systems, Inc.
—- Market cap
- $79.81B
- Debt
- —
- Cash
- −$3.00B
Complete market value, debt and cash evidence is required for enterprise value.
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: CDNS stock price vs HPE: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at HPE's multiple
Needs HPE P/E.
Implied fair value · at CDNS's multiple
Needs Annual EPS is negative.
Snapshot Sep 11, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Lower is better
Not comparable
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Nine period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 79% equity / 21% debt · EV / Revenue 2.89x · EV proxy / EBITDA proxy 43.06x
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
CADENCE DESIGN SYSTEMS, INC. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
HEWLETT PACKARD ENTERPRISE COMPANY · implied price per share
Bear
-$1.28
Base
$0.93
Bull
$3.91
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
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Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe CDNS can sustain its premium margins and 30%+ ROIC without multiple compression, then hold or accumulate selectively because the operating quality is far stronger than HPE even though HPE-based valuation implies steep downside.
CDNS trades at a steep premium to HPE on every presented valuation multiple, especially EV/Revenue and P/S, which makes HPE-based implied price of $39.33 look far below the current $338.42 price. The gap is driven by CDNS’s much higher profitability and returns, but the supplied valuation output still indicates a large disconnect versus HPE comparison.
Supporting Metrics