NVIDIA Corporation (NVDA) Financial Ratios
28 years of historical data (1999–2026) · Technology · Semiconductors
EV/EBITDA
↓
38.31
↓-27% vs avg
5yr avg: 52.76
30Y Low8.1·High90.0
P/FCF
↓
52.79
↓-28% vs avg
5yr avg: 73.46
30Y Low8.5·High134.0
P/B Ratio
↑
32.84
+7% vs avg
5yr avg: 30.82
30Y Low1.6·High44.6
ROE
↑
101.5%
↓+35% vs avg
5yr avg: 75.0%
30Y Low-3%·High119%
Debt/EBITDA
↓
0.09
↓-88% vs avg
5yr avg: 0.73
30Y Low0.0·High2.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NVDA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NVIDIA Corporation trades at 43.0x earnings, 32% below its 5-year average of 63.6x, sitting at the 50th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 48%. On a free-cash-flow basis, the stock trades at 52.8x P/FCF, 28% below the 5-year average of 73.5x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.10T | $4.60T | $3.54T | $1.52T | $510.4B | $579.0B | $326.3B | $154.7B | $100.0B | $153.7B | $72.4B |
| Enterprise Value | $5.10T | $4.60T | $3.54T | $1.53T | $519.1B | $588.8B | $333.2B | $146.5B | $101.2B | $151.7B | $73.5B |
| P/E Ratio → | 43.00 | 38.30 | 48.51 | 51.29 | 119.76 | 60.11 | 76.41 | 56.91 | 23.53 | 50.67 | 43.59 |
| P/S Ratio | 23.63 | 21.30 | 27.11 | 24.98 | 18.92 | 21.51 | 19.57 | 14.17 | 8.54 | 15.82 | 10.48 |
| P/B Ratio | 32.84 | 29.25 | 44.59 | 35.42 | 23.10 | 21.76 | 19.32 | 12.68 | 10.70 | 20.57 | 12.57 |
| P/FCF | 52.79 | 47.59 | 58.13 | 56.33 | 134.04 | 71.20 | 69.52 | 36.22 | 31.82 | 52.84 | 48.41 |
| P/OCF | 49.68 | 44.79 | 55.20 | 54.19 | 90.48 | 63.57 | 56.05 | 32.50 | 26.72 | 43.89 | 43.32 |
P/E links to full P/E history page with 30-year chart
NVDA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NVIDIA Corporation's enterprise value stands at 38.3x EBITDA, 27% below its 5-year average of 52.8x. The Technology sector median is 16.7x, placing the stock at a 130% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 21.31 | 27.12 | 25.05 | 19.24 | 21.88 | 19.98 | 13.42 | 8.64 | 15.62 | 10.63 |
| EV / EBITDA | 38.31 | 34.54 | 42.48 | 44.25 | 90.01 | 52.50 | 59.18 | 45.40 | 24.89 | 44.50 | 34.64 |
| EV / EBIT | 39.14 | 32.47 | 42.00 | 44.78 | 116.83 | 57.86 | 72.54 | 48.48 | 25.60 | 46.58 | 37.43 |
| EV / FCF | — | 47.60 | 58.16 | 56.47 | 136.31 | 72.41 | 70.98 | 34.29 | 32.20 | 52.15 | 49.12 |
NVDA Profitability
Margins and return-on-capital ratios measuring operating efficiency
NVIDIA Corporation earns an operating margin of 60.4%. Operating margins have expanded from 54.1% to 60.4% over the past 3 years, signaling improving operational efficiency. Return on equity of 101.5% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks. ROIC of 81.8% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.1% | 71.1% | 75.0% | 72.7% | 56.9% | 64.9% | 62.3% | 62.0% | 61.2% | 59.9% | 58.8% |
| Operating Margin | 60.4% | 60.4% | 62.4% | 54.1% | 15.7% | 37.3% | 27.2% | 26.1% | 32.5% | 33.0% | 28.0% |
| Net Profit Margin | 55.6% | 55.6% | 55.8% | 48.8% | 16.2% | 36.2% | 26.0% | 25.6% | 35.3% | 31.4% | 24.1% |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 101.5% | 101.5% | 119.2% | 91.5% | 17.9% | 44.8% | 29.8% | 26.0% | 49.3% | 46.1% | 32.6% |
| ROA | 75.4% | 75.4% | 82.2% | 55.7% | 10.2% | 26.7% | 18.8% | 18.3% | 33.8% | 28.9% | 19.4% |
| ROIC | 81.8% | 81.8% | 95.6% | 63.8% | 9.4% | 25.0% | 24.5% | 29.4% | 35.6% | 39.2% | 23.8% |
| ROCE | 97.2% | 97.2% | 109.6% | 73.5% | 11.3% | 31.0% | 22.4% | 20.7% | 34.5% | 35.4% | 29.9% |
NVDA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NVIDIA Corporation carries a Debt/EBITDA ratio of 0.1x, which is very conservative (97% below the sector average of 2.9x). Net debt stands at $807M ($11.4B total debt minus $10.6B cash). Interest coverage of 547.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.07 | 0.07 | 0.13 | 0.26 | 0.54 | 0.44 | 0.46 | 0.22 | 0.21 | 0.27 | 0.49 |
| Debt / EBITDA | 0.09 | 0.09 | 0.12 | 0.32 | 2.09 | 1.05 | 1.37 | 0.82 | 0.49 | 0.59 | 1.33 |
| Net Debt / Equity | — | 0.01 | 0.02 | 0.09 | 0.39 | 0.37 | 0.41 | -0.68 | 0.13 | -0.27 | 0.18 |
| Net Debt / EBITDA | 0.01 | 0.01 | 0.02 | 0.11 | 1.50 | 0.88 | 1.22 | -2.56 | 0.30 | -0.59 | 0.50 |
| Debt / FCF | — | 0.01 | 0.03 | 0.14 | 2.27 | 1.21 | 1.46 | -1.93 | 0.38 | -0.69 | 0.70 |
| Interest Coverage | 547.14 | 547.14 | 341.19 | 132.59 | 16.96 | 43.12 | 24.96 | 58.12 | 68.17 | 53.39 | 33.84 |
NVDA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
NVIDIA Corporation's current ratio of 3.91x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.24x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 4.17x to 3.91x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.91 | 3.91 | 4.44 | 4.17 | 3.52 | 6.65 | 4.09 | 7.67 | 7.94 | 8.03 | 4.69 |
| Quick Ratio | 3.24 | 3.24 | 3.88 | 3.67 | 2.73 | 6.05 | 3.63 | 7.13 | 6.76 | 7.34 | 4.26 |
| Cash Ratio | 1.94 | 1.94 | 2.39 | 2.44 | 2.03 | 4.89 | 2.95 | 6.11 | 5.58 | 6.16 | 3.74 |
| Asset Turnover | — | 1.04 | 1.17 | 0.93 | 0.65 | 0.61 | 0.58 | 0.63 | 0.88 | 0.86 | 0.70 |
| Inventory Turnover | 2.92 | 2.92 | 3.24 | 3.15 | 2.25 | 3.62 | 3.44 | 4.24 | 2.89 | 4.89 | 3.59 |
| Days Sales Outstanding | — | 65.02 | 64.51 | 59.91 | 51.79 | 63.06 | 53.17 | 55.40 | 44.36 | 47.53 | 43.63 |
NVDA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NVIDIA Corporation returns 0.8% to shareholders annually — split between a 0.0% dividend yield and 0.8% buyback yield. The payout ratio of 0.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 2.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.1% | 0.1% | 0.3% | 0.4% | 0.2% | 0.4% |
| Payout Ratio | 0.8% | 0.8% | 1.1% | 1.3% | 9.1% | 4.1% | 9.1% | 13.9% | 9.0% | 11.2% | 15.7% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.3% | 2.6% | 2.1% | 1.9% | 0.8% | 1.7% | 1.3% | 1.8% | 4.3% | 2.0% | 2.3% |
| FCF Yield | 1.9% | 2.1% | 1.7% | 1.8% | 0.7% | 1.4% | 1.4% | 2.8% | 3.1% | 1.9% | 2.1% |
| Buyback Yield | 0.8% | 0.9% | 1.0% | 0.6% | 2.0% | 0.0% | 0.0% | 0.0% | 1.6% | 0.6% | 1.0% |
| Total Shareholder Yield | 0.8% | 0.9% | 1.0% | 0.7% | 2.0% | 0.1% | 0.1% | 0.3% | 1.9% | 0.8% | 1.4% |
| Shares Outstanding | — | $24.5B | $24.8B | $24.9B | $25.1B | $25.4B | $25.1B | $24.7B | $25.0B | $25.3B | $26.0B |
Peer Comparison
Compare NVDA with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 NVDAYou | $5.1T | 43.0 | 38.3 | 52.8 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 AMD | $876B | 202.8 | 130.6 | 130.1 | 49.5% | 10.7% | 7.2% | 4.7% | 0.7 |
 INTC | $673B | -2274.9 | 60.4 | — | 34.8% | -0.0% | -0.2% | -0.0% | 4.0 |
 QCOM | $238B | 45.1 | 17.7 | 18.6 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 AVGO | $2.0T | 86.2 | 58.6 | 72.7 | 67.8% | 39.9% | 31.0% | 14.9% | 1.9 |
 TXN | $294B | 59.2 | 38.2 | 112.9 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 MRVL | $272B | 101.2 | 104.2 | 194.6 | 51.0% | 16.3% | 19.3% | 6.0% | 1.8 |
 MU | $1.3T | 149.4 | 70.5 | 766.9 | 39.8% | 26.4% | 17.2% | 13.2% | 0.8 |
 AMAT | $490B | 71.3 | 58.3 | 86.0 | 48.7% | 29.2% | 35.5% | 32.9% | 0.8 |
 KLAC | $34B | 8.5 | 6.8 | 9.1 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
 LRCX | $486B | 93.7 | 77.0 | 89.7 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 28 years · Updated daily
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NVDA — Frequently Asked Questions
Quick answers to the most common questions about buying NVDA stock.
What is NVIDIA Corporation's P/E ratio?
NVIDIA Corporation's current P/E ratio is 43.0x. The historical average is 45.4x. This places it at the 50th percentile of its historical range.
What is NVIDIA Corporation's EV/EBITDA?
NVIDIA Corporation's current EV/EBITDA is 38.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 32.5x.
What is NVIDIA Corporation's ROE?
NVIDIA Corporation's return on equity (ROE) is 101.5%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 30.5%.
Is NVDA stock overvalued?
Based on historical data, NVIDIA Corporation is trading at a P/E of 43.0x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is NVIDIA Corporation's dividend yield?
NVIDIA Corporation's current dividend yield is 0.02% with a payout ratio of 0.8%.
What are NVIDIA Corporation's profit margins?
NVIDIA Corporation has 71.1% gross margin and 60.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does NVIDIA Corporation have?
NVIDIA Corporation's Debt/EBITDA ratio is 0.1x, indicating low leverage. A ratio below 2x is generally considered financially healthy.