Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · View financials
Decision snapshot: MKSI stock price vs CDNS: 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 CDNS's multiple
Needs CDNS P/E.
Implied fair value · at MKSI's multiple
Needs MKSI P/E.
Live quote
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MKSI FY 2025 (ended Dec 31, 2025) · CDNS FY 2025 (ended Dec 31, 2025).
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
MKS INC. · implied price per share
Bear
$56.81
Base
$66.83
Bull
$76.85
CADENCE DESIGN SYSTEMS, INC. · implied price per share
Bear
$51.24
Base
$60.28
Bull
$69.33
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
1.55x
0.45x
Net debt / EBITDA
Leverage against operating earnings
3.60x
-0.36x
Cash and equivalents
Liquid reserves on the balance sheet
$419.00M
$3.16B
Total debt
Interest-bearing obligations outstanding
$4.20B
$2.47B
Comparable set
Where the pair sits against the wider comparable set.
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Live quote
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe MKSI can sustain its current growth while expanding operating margin and ROIC closer to CDNS, then the relative valuation upside looks attractive; otherwise, the lower multiples likely reflect MKSI’s weaker profitability and higher leverage.
MKSI trades well below CDNS on a relative basis, with a P/E of 68.1x versus 83.7x, a P/S of 5.1x versus 17.7x, and an EV/EBITDA of 22.7x versus 48.9x. The current price of $297.45 sits below CDNS implied price of $365.98, suggesting about 23.0% upside, but MKSI is already above its historical band midpoint and closer to the upper end of that range than to the DCF values.
Supporting Metrics
