NVIDIA Corporation (NVDA) P/E Ratio History
UndervaluedTrading at 46.7x vs 5Y avg 61.0x · 25th percentile · Below historical baseline · Data 2000–2027
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P/E Ratio Analysis
As of September 23, 2026, NVIDIA Corporation (NVDA) trades at a price-to-earnings ratio of 46.7x, with a stock price of $228.87 and trailing twelve-month earnings per share of $7.94.
The current P/E is 23% below its 5-year average of 61.0x. Over the past five years, NVDA's P/E has ranged from a low of 26.1x to a high of 144.5x, placing the current valuation at the 25th percentile of its historical range.
Compared to the Technology sector median P/E of 29.9x, NVDA trades at a 56% premium to its sector peers. The sector includes 365 companies with P/E ratios ranging from 0.0x to 199.0x.
The PEG ratio of 0.49 (P/E divided by 67% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, NVDA commands a significant premium over the S&P 500 median P/E of 25.5x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our NVDA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
NVDA Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
NVDA P/E vs Peers
Compute Processors and AI Accelerators peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $1.0T | 235.4 | 45.56 | +165% | |
| $208B | 39.6Lowest | 19.03 | -44% | |
| $1.7T | 76.4 | 1.53Best | +288% | |
| $248B | 49.8 | - | +5% | |
| $230B | 85.5 | - | +401% | |
| $1.2T | 144.4 | 5.51 | +984%Best | |
| $375B | 54.6 | 3.18 | +1% | |
| $246B | 51.5 | 2.31 | +21% | |
| $389B | 54.0 | 3.28 | +39% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
NVDA Historical P/E Data (2000–2027)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2027 Q2 | Jul 26 2026 | $206.84 | $7.91 | 26.1x | -36% |
| FY2027 Q1 | Apr 26 2026 | $208.27 | $6.53 | 31.9x | -22% |
| FY2026 Q4 | Jan 25 2026 | $187.67 | $4.90 | 38.3x | -7% |
| FY2026 Q3 | Oct 26 2025 | $186.26 | $4.03 | 46.2x | +13% |
| FY2026 Q2 | Jul 27 2025 | $173.50 | $3.51 | 49.4x | +20% |
| FY2026 Q1 | Apr 27 2025 | $111.01 | $3.10 | 35.8x | -13% |
| FY2025 Q4 | Jan 26 2025 | $142.62 | $2.94 | 48.5x | +18% |
| FY2025 Q3 | Oct 27 2024 | $141.54 | $2.54 | 55.7x | +36% |
| FY2025 Q2 | Jul 28 2024 | $113.06 | $2.13 | 53.1x | +29% |
| FY2025 Q1 | Apr 28 2024 | $87.74 | $1.71 | 51.3x | +25% |
| FY2024 Q4 | Jan 28 2024 | $61.03 | $1.19 | 51.2x | +25% |
| FY2024 Q3 | Oct 29 2023 | $40.50 | $0.76 | 53.4x | +30% |
| FY2024 Q2 | Jul 30 2023 | $46.75 | $0.42 | 112.4x | +174% |
| FY2024 Q1 | Apr 30 2023 | $27.75 | $0.19 | 144.5x | +252% |
| FY2023 Q4 | Jan 29 2023 | $20.36 | $0.17 | 116.9x | +185% |
| FY2023 Q3 | Oct 30 2022 | $13.83 | $0.24 | 58.4x | +42% |
| FY2023 Q2 | Jul 31 2022 | $18.16 | $0.31 | 59.2x | +44% |
| FY2023 Q1 | May 01 2022 | $18.55 | $0.38 | 49.5x | +21% |
| FY2022 Q4 | Jan 30 2022 | $22.84 | $0.39 | 59.0x | +44% |
| FY2022 Q3 | Oct 31 2021 | $25.57 | $0.33 | 78.7x | +92% |
| FY2022 Q2 | Aug 01 2021 | $19.50 | $0.28 | 69.4x | +69% |
| FY2022 Q1 | May 02 2021 | $15.01 | $0.21 | 70.8x | +72% |
| FY2021 Q4 | Jan 31 2021 | $12.99 | $0.17 | 75.1x | +83% |
| FY2021 Q3 | Oct 25 2020 | $13.59 | $0.15 | 88.8x | +116% |
| FY2021 Q2 | Jul 26 2020 | $10.19 | $0.14 | 74.9x | +83% |
| FY2021 Q1 | Apr 26 2020 | $7.24 | $0.13 | 54.0x | +32% |
| FY2020 Q4 | Jan 26 2020 | $6.26 | $0.11 | 55.4x | +35% |
| FY2020 Q3 | Oct 27 2019 | $5.11 | $0.10 | 52.1x | +27% |
| FY2020 Q2 | Jul 28 2019 | $4.38 | $0.11 | 39.5x | -4% |
| FY2020 Q1 | Apr 28 2019 | $4.45 | $0.13 | 33.7x | -18% |
| FY2019 Q4 | Jan 27 2019 | $4.00 | $0.17 | 24.1x | -41% |
| FY2019 Q3 | Oct 28 2018 | $4.96 | $0.19 | 26.4x | -36% |
| FY2019 Q2 | Jul 29 2018 | $6.30 | $0.17 | 36.6x | -11% |
| FY2019 Q1 | Apr 29 2018 | $5.66 | $0.15 | 37.5x | -9% |
| FY2018 Q4 | Jan 28 2018 | $6.08 | $0.12 | 50.2x | +22% |
| FY2018 Q3 | Oct 29 2017 | $5.05 | $0.10 | 50.0x | +22% |
| FY2018 Q2 | Jul 30 2017 | $4.11 | $0.09 | 46.2x | +12% |
| FY2018 Q1 | Apr 30 2017 | $2.61 | $0.08 | 34.3x | -16% |
| FY2017 Q4 | Jan 29 2017 | $2.79 | $0.06 | 43.4x | +6% |
| FY2017 Q3 | Oct 30 2016 | $1.76 | $0.05 | 36.6x | -11% |
| FY2017 Q2 | Jul 31 2016 | $1.43 | $0.04 | 37.5x | -9% |
| FY2017 Q1 | May 01 2016 | $0.89 | $0.03 | 30.2x | -26% |
| FY2016 Q4 | Jan 31 2016 | $0.73 | $0.03 | 27.0x | -34% |
| FY2016 Q3 | Oct 25 2015 | $0.71 | $0.03 | 26.4x | -36% |
| FY2016 Q2 | Jul 26 2015 | $0.49 | $0.02 | 20.3x | -51% |
| FY2016 Q1 | Apr 26 2015 | $0.55 | $0.03 | 19.6x | -52% |
| FY2015 Q4 | Jan 25 2015 | $0.52 | $0.03 | 18.4x | -55% |
| FY2015 Q3 | Oct 26 2014 | $0.46 | $0.03 | 18.0x | -56% |
| FY2015 Q2 | Jul 27 2014 | $0.44 | $0.02 | 19.5x | -52% |
| FY2015 Q1 | Apr 27 2014 | $0.47 | $0.02 | 22.0x | -46% |
| FY2014 Q4 | Jan 26 2014 | $0.39 | $0.02 | 20.9x | -49% |
| FY2014 Q3 | Oct 27 2013 | $0.38 | $0.02 | 19.7x | -52% |
| FY2014 Q2 | Jul 28 2013 | $0.35 | $0.02 | 15.7x | -62% |
| FY2014 Q1 | Apr 28 2013 | $0.34 | $0.02 | 14.3x | -65% |
| FY2013 Q4 | Jan 27 2013 | $0.31 | $0.02 | 13.7x | -67% |
| FY2013 Q3 | Oct 28 2012 | $0.30 | $0.02 | 14.8x | -64% |
| FY2013 Q2 | Jul 29 2012 | $0.34 | $0.02 | 17.4x | -58% |
| FY2013 Q1 | Apr 29 2012 | $0.32 | $0.02 | 15.5x | -62% |
| FY2012 Q4 | Jan 29 2012 | $0.37 | $0.02 | 15.6x | -62% |
| FY2012 Q3 | Oct 30 2011 | $0.39 | $0.03 | 14.9x | -64% |
| FY2012 Q2 | Jul 31 2011 | $0.35 | $0.02 | 15.2x | -63% |
| FY2012 Q1 | May 01 2011 | $0.50 | $0.01 | 49.0x | +19% |
| FY2011 Q4 | Jan 30 2011 | $0.59 | $0.01 | 56.6x | +38% |
| FY2011 Q3 | Oct 31 2010 | $0.30 | $0.01 | 33.0x | -20% |
| FY2011 Q2 | Aug 01 2010 | $0.23 | $0.01 | 22.8x | -45% |
| FY2011 Q1 | May 02 2010 | $0.39 | $0.01 | 34.2x | -17% |
| FY2009 Q3 | Oct 31 2008 | $0.22 | $0.02 | 13.0x | -68% |
| FY2009 Q2 | - | $0.29 | $0.02 | 12.1x | -70% |
| FY2009 Q1 | Apr 27 2008 | $0.50 | $0.04 | 13.9x | -66% |
| FY2008 Q4 | - | $0.61 | $0.03 | 18.0x | -56% |
| FY2008 Q3 | Oct 31 2007 | $0.88 | $0.03 | 30.5x | -26% |
| FY2008 Q2 | - | $0.76 | $0.02 | 31.8x | -23% |
| FY2008 Q1 | Apr 29 2007 | $0.55 | $0.02 | 26.9x | -35% |
| FY2007 Q4 | Jan 28 2007 | $0.52 | $0.02 | 27.9x | -32% |
| FY2007 Q3 | Oct 29 2006 | $0.54 | $0.02 | 32.9x | -20% |
| FY2007 Q2 | Jul 30 2006 | $0.38 | $0.01 | 25.4x | -38% |
| FY2007 Q1 | Apr 30 2006 | $0.49 | $0.01 | 33.6x | -18% |
| FY2006 Q4 | Jan 29 2006 | $0.39 | $0.01 | 28.1x | -31% |
| FY2006 Q3 | Oct 30 2005 | $0.27 | $0.01 | 23.3x | -43% |
| FY2006 Q2 | Jul 31 2005 | $0.23 | $0.01 | 22.8x | -45% |
| FY2006 Q1 | May 01 2005 | $0.18 | $0.01 | 26.5x | -35% |
| FY2005 Q4 | Jan 30 2005 | $0.19 | $0.00 | 38.9x | -5% |
| FY2005 Q3 | Oct 24 2004 | $0.11 | $0.00 | 28.4x | -31% |
| FY2005 Q2 | Jul 25 2004 | $0.12 | $0.00 | 42.0x | +2% |
| FY2005 Q1 | Apr 25 2004 | $0.19 | $0.00 | 51.0x | +24% |
| FY2004 Q4 | Jan 25 2004 | $0.19 | $0.00 | 50.6x | +23% |
| FY2004 Q3 | Oct 26 2003 | $0.14 | $0.01 | 28.5x | -31% |
| FY2004 Q2 | Jul 27 2003 | $0.18 | $0.00 | 83.6x | +104% |
| FY2004 Q1 | Apr 27 2003 | $0.11 | $0.00 | 94.1x | +129% |
| FY2003 Q4 | Jan 26 2003 | $0.08 | $0.00 | 20.7x | -50% |
| FY2003 Q3 | Oct 27 2002 | $0.09 | $0.01 | 17.8x | -57% |
| FY2003 Q2 | Jul 28 2002 | $0.12 | $0.01 | 12.5x | -70% |
| FY2003 Q1 | Apr 28 2002 | $0.25 | $0.01 | 22.8x | -44% |
| FY2002 Q4 | Jan 27 2002 | $0.55 | $0.01 | 64.2x | +56% |
| FY2002 Q3 | Oct 28 2001 | $0.38 | $0.01 | 58.7x | +43% |
| FY2002 Q2 | Jul 29 2001 | $0.34 | $0.01 | 56.3x | +37% |
| FY2002 Q1 | Apr 29 2001 | $0.33 | $0.01 | 58.8x | +43% |
| FY2001 Q4 | Jan 28 2001 | $0.21 | $0.01 | 39.9x | -3% |
| FY2001 Q3 | Oct 29 2000 | $0.26 | $0.00 | 56.7x | +38% |
| FY2001 Q2 | Jul 30 2000 | $0.23 | $0.00 | 62.5x | +52% |
| FY2001 Q1 | Apr 30 2000 | $0.19 | $0.00 | 66.3x | +62% |
| FY2000 Q4 | Jan 30 2000 | $0.08 | $0.00 | 35.4x | -14% |
Average P/E for displayed period: 41.1x
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NVDA Stock Analysis
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
26+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
NVDA — Frequently Asked Questions
Quick answers to the most common questions about buying NVDA stock.
What is NVDA's P/E ratio?
NVIDIA Corporation (NVDA) trailing twelve-month P/E ratio is 46.7x, based on TTM diluted EPS of $7.94. The 5-year average P/E is 61.0x and the historical range spans 26.1x to 144.5x.
Is NVDA stock overvalued or undervalued?
NVDA trades at 46.7x P/E, below its 5-year average of 61.0x. At the 25th percentile of its historical range (26.1x–144.5x), the stock is priced at a discount to its own history.
Is NVDA stock expensive?
No, NVDA is not expensive on a historical basis. The current P/E of 46.7x is below the 5-year average of 61.0x and sits at the 25th percentile of its valuation range.
What is NVDA's historical P/E range?
Over the past 5 years, NVDA's P/E ratio has ranged from 26.1x to 144.5x, with a median of 53.1x and an average of 61.0x. The current P/E of 46.7x places the stock at the 25th percentile of this range. Full historical data spans 2000–2027.
How does NVDA's P/E compare to the S&P 500?
NVDA trades at 46.7x P/E versus the S&P 500 median of 25.5x. The 83% premium to the market typically reflects higher expected earnings growth or quality.
How does NVDA's valuation compare to Technology peers?
NVIDIA Corporation P/E of 46.7x compares to the Technology sector median of 29.9x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is NVDA's PEG ratio?
NVDA PEG ratio is 0.49, based on a P/E of 46.7x and EPS growth of 66.7%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is NVDA's earnings yield?
NVDA earnings yield is 2.14%, the inverse of its 46.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.