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.
FY 2025 ·
Decision snapshot: CDNS stock price at premium vs T $289.37 current versus $34.80 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 T'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 edge
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
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 57% equity / 43% debt · EV / Revenue 2.35x · EV proxy / EBITDA proxy 6.55x
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.
AT&T INC. · implied price per share
Bear
$16.54
Base
$21.21
Bull
$29.51
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 14.1% revenue growth and 31.2% ROIC for a prolonged period, then hold or selectively own CDNS despite the valuation, because the current price embeds a very large premium that only durable high-quality execution can justify.
CDNS trades at a massive premium to T across earnings, sales, and EBITDA multiples despite the comparison implying a much lower value. T-implied price of $31.77 versus CDNS at $339.24 indicates a -90.6% downside under the P/E framework, while the DCF range of $49.13-$66.46 is also far below the current price.
Supporting Metrics