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 near parity vs STX $289.37 current versus $242.48 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at STX's multiple
Implied fair value · at CDNS's multiple
Snapshot Sep 11, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Reported gross margin
Operating income + D&A
Lower is better
Higher P/E
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
Ten 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.
Complete market value, debt and cash evidence is required for enterprise value.
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.
Seagate Technology Holdings plc · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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 superior margins while closing the gap toward STX-implied valuation, then a constructive stance makes sense because CDNS already screens cheaper than STX on P/E and EV/EBITDA while maintaining better profitability and leverage.
CDNS trades at 94.8x P/E, 20.0x P/S, and 55.5x EV/EBITDA versus STX at 137.5x, 22.9x, and 87.4x, so CDNS looks cheaper on a relative basis despite still being rich on an absolute basis. The current price of $384.96 sits above the top of the historical band midpoint and well above the DCF range, while below STX-implied price of $440.72-$614.05.
Supporting Metrics