S&P 500 comparison · Information Technology

Adobe Inc. vs Cadence Design Systems

Prices at close . Model readings .

Adobe Inc.

$249.76+0.56%
Month: positive

Cadence Design Systems

$342.46−0.18%
Month: positiveLong run: neutral
Price change

Price change, with the S&P 500 as a benchmark

Percent change in each close since the start of the chosen range, for both companies and the S&P 500 (SPY). Daily closes over the last year, weekly before that and monthly before five years.

In short

How the two compare

On the latest closes (28 Oct 2026), Adobe Inc. is the larger company by market value ($98.78B against $94.27B). Over the past year Adobe Inc. returned −30.2% and Cadence Design Systems −2.5%, while the S&P 500 returned +12.7%. The latest filed P/E is 16.1 for Adobe Inc. and 81.8 for Cadence Design Systems, and the operating margin 34.8% against 26.3%. Over the next 21 sessions the model expects +0.99% for Adobe Inc., with a 74% chance of a rise, and +0.58% for Cadence Design Systems, with a 69% chance. Adobe Inc. has no published fair value today. Cadence Design Systems' long-run fair value is $335.32, a gap of −2.1% to its price; the long-run model view is neutral.

Model view

What the model expects

Expected returns and the chance of a rise from our forecasting models, and the long-run fair value against the price. Readings, not advice.

Model readings:
Expected returnnext 21 sessions
ADBE+0.99%
CDNS+0.58%
Chance of a risenext 21 sessions
ADBE74%
CDNS69%
Expected returnnext 63 sessions
ADBE+3.41%
CDNS+1.92%
Range of outcomes63 sessions, 80% band
ADBE−31.2% to +38%
CDNS−33.6% to +37.5%
Chance of a risenext 63 sessionsMembers only · see plans
Long-run fair valueintrinsic value model
ADBE—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
CDNS$335.3228 Oct 2026
Gap to pricefair value against the close
ADBE—The model's fair value falls outside its own interval or at the gap clamp, so it is not a measurement.
CDNS−2.1%
Past readings that matchedsign of the 21-session outcome
ADBE39.4%of 269
CDNS36.8%of 269
Price performance

How the prices moved

Price change over each period, with the S&P 500 (SPY) for comparison.

Closes to
1 monthS&P 500: +1.1%
ADBE+7.1%
CDNS+5.6%
6 monthsS&P 500: +8.5%
ADBE+2.5%
CDNS+3.8%
Year to dateS&P 500: +13.3%
ADBE−28.6%
CDNS+9.6%
1 yearS&P 500: +12.7%
ADBE−30.2%
CDNS−2.5%
5 yearsS&P 500: +70.7%
ADBE−60.5%
CDNS+113.9%
1 year against the S&P 500percentage points
ADBE−42.9 pts
CDNS−15.3 pts
Position in the 52-week range0% low, 100% high
ADBE34%close $249.76 in $190.12 to $363.70
CDNS52%close $342.46 in $262.75 to $416.69
Against the 200-day average
ADBE−0.5%
CDNS+4.6%
Valuation

What the market pays

Size and the multiples from the latest filed quarter. A P/E on losses reads n/m.

Filings: quarter to (ADBE), (CDNS)
Market value
ADBE$98.78B28 Oct 2026
CDNS$94.27B28 Oct 2026
Enterprise valueat the last filing
ADBE$117.30B28 Aug 2026
CDNS$91.43B30 Sep 2026
P/Elatest filed
ADBE16.1
CDNS81.8
Price to book
ADBE9.80
CDNS13.22
EV / EBITDA
ADBE12.15
CDNS48.63
Free cash flow yield
ADBE9.19%
CDNS1.94%
Dividend yield
ADBE0%
CDNS0%
Questions

Adobe Inc. or Cadence Design Systems: common questions

Which is larger by market value, Adobe Inc. or Cadence Design Systems?

Adobe Inc., at $98.78B against $94.27B for Cadence Design Systems, on the latest closes (28 Oct 2026).

Which has the higher P/E ratio, Adobe Inc. or Cadence Design Systems?

Cadence Design Systems has the higher latest filed P/E, 81.8; Adobe Inc.'s is 16.1. Filings: quarter to 28 Aug 2026 and 30 Sep 2026.

How did Adobe Inc. and Cadence Design Systems move over the past year against the S&P 500?

Over the past year Adobe Inc. returned −30.2% and Cadence Design Systems −2.5%, while the S&P 500 returned +12.7%. Prices at close 28 Oct 2026.

What does the model expect for Adobe Inc. and Cadence Design Systems over the next month?

+0.99% for Adobe Inc. with a 74% chance of a rise, and +0.58% for Cadence Design Systems with a 69% chance, over the next 21 sessions. Model readings 28 Oct 2026. These are model readings, not advice.

How do the operating margins of Adobe Inc. and Cadence Design Systems compare?

The operating margin is 34.8% for Adobe Inc. and 26.3% for Cadence Design Systems, and the gross margin 88.7% against 26.3%. Filings: quarter to 28 Aug 2026 and 30 Sep 2026.

Do Adobe Inc. and Cadence Design Systems shares move together?

Over the past year the correlation of their daily returns was 0.21 (loosely together); 1 means they always move together, 0 unrelated, −1 opposite. Prices at close 28 Oct 2026.

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The two company pagesAdobe Inc. (ADBE) forecast and analysisCadence Design Systems (CDNS) forecast and analysis
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Model readings are research estimates, not investment advice. Prices: daily closes. Fundamentals: the latest SEC filings. Short interest: FINRA, settlement 30 Sep 2026. A dash means the figure is not in our data; it is never shown as zero. The model view follows a published rule: next month by the sign of the expected return, the long run positive at a fair value 10% or more above the price and negative at 10% or more below it.