CDNS Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	97.32B EUR	103.36B EUR	76.64B EUR	84.96B EUR
Enterprise Value	97.19B EUR	104.57B EUR	78.32B EUR	84.57B EUR
Valuation Multiples
Trailing P/E	70.15x	75.01x	65.45x	101.71x
Forward P/E	36.88x	--	--	--
Price to Sales	16.67x	17.71x	13.86x	20.95x
Price to Book	14.17x	15.07x	11.68x	15.52x
EV/Revenue	16.65x	17.91x	14.17x	20.86x
EV/EBITDA	45.08x	47.47x	37.69x	54.76x
Price to FCF (P/FCF)	60.46x	61.83x	53.6x	75.66x
EV/FCF	60.38x	62.55x	54.77x	75.31x
FCF Yield	1.65%	1.62%	1.87%	1.32%