Is CDNS (CDNS) Undervalued?
Based on the current stock price of $385.13 and a P/E ratio of 89.91,CDNS has a PEG ratio of 8.99.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 8.99, CDNS appears to be potentially overvalued relative to its growth rate of 10.00%.
Based on a PEG ratio of 8.99 (adjusted for dividends).
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How we analyzed CDNS
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 89.91and dividing it by the annual growth rate of 10.00%.
PEG = 89.91 (P/E) ÷ 10.00 (Growth) = 8.99
Frequently Asked Questions about CDNS
What is the current PEG Ratio for CDNS (CDNS)?+
The current PEG Ratio for CDNS is 8.99. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is CDNS stock undervalued right now?+
Based on the PEG ratio of 8.99, CDNS appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for CDNS?+
The PEGY ratio for CDNS is 8.99. This metric accounts for dividend yield (0.00%), providing a more complete valuation picture.