NVIDIA Corporation (NVDA) P/E Ratio History
Historical price-to-earnings valuation from 2000 to 2026
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NVDA Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, NVIDIA Corporation (NVDA) trades at a price-to-earnings ratio of 40.1x, with a stock price of $196.50 and trailing twelve-month earnings per share of $4.91.
The current P/E is 38% below its 5-year average of 65.1x. Over the past five years, NVDA's P/E has ranged from a low of 35.8x to a high of 144.5x, placing the current valuation at the 10th percentile of its historical range.
Compared to the Technology sector median P/E of 26.7x, NVDA trades at a 50% premium to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 197.6x.
The PEG ratio of 0.42 (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 25.1x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $579B | 134.1 | 25.95 | +165% | |
| $197B | 37.2Lowest | 17.90 | -44% | |
| $2.0T | 89.6 | 1.80Best | +288% | |
| $256B | 51.5 | - | +5% | |
| $146B | 55.0 | - | +401% | |
| $722B | 84.4 | 3.22 | +984%Best | |
| $326B | 47.4 | 2.76 | +1% | |
| $228B | 57.1 | 1.81 | +50% | |
| $344B | 66.5 | 2.97 | +43% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
NVDA Historical P/E Data (2000–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | Sun Jan 25 2026 00:00:00 GM | $187.67 | $4.90 | 38.3x | -7% |
| FY2026 Q3 | Sun Oct 26 2025 00:00:00 GM | $186.26 | $4.03 | 46.2x | +12% |
| FY2026 Q2 | Sun Jul 27 2025 00:00:00 GM | $173.50 | $3.51 | 49.4x | +20% |
| FY2026 Q1 | Sun Apr 27 2025 00:00:00 GM | $111.01 | $3.10 | 35.8x | -13% |
| FY2025 Q4 | Sun Jan 26 2025 00:00:00 GM | $142.62 | $2.94 | 48.5x | +17% |
| FY2025 Q3 | Sun Oct 27 2024 00:00:00 GM | $141.54 | $2.54 | 55.7x | +35% |
| FY2025 Q2 | Sun Jul 28 2024 00:00:00 GM | $113.06 | $2.13 | 53.1x | +29% |
| FY2025 Q1 | Sun Apr 28 2024 00:00:00 GM | $87.74 | $1.71 | 51.3x | +24% |
| FY2024 Q4 | Sun Jan 28 2024 00:00:00 GM | $61.03 | $1.19 | 51.2x | +24% |
| FY2024 Q3 | Sun Oct 29 2023 00:00:00 GM | $40.50 | $0.76 | 53.4x | +29% |
| FY2024 Q2 | Sun Jul 30 2023 00:00:00 GM | $46.75 | $0.42 | 112.4x | +172% |
| FY2024 Q1 | Sun Apr 30 2023 00:00:00 GM | $27.75 | $0.19 | 144.5x | +250% |
Average P/E for displayed period: 41.3x
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Start ComparisonNVDA — Frequently Asked Questions
Quick answers to the most common questions about buying NVDA stock.
Is NVDA stock overvalued or undervalued?
NVDA trades at 40.1x P/E, below its 5-year average of 65.1x. At the 10th percentile of historical range, the stock is priced at a discount to its own history.
How does NVDA's valuation compare to peers?
NVIDIA Corporation P/E of 40.1x compares to sector median of 26.7x. The premium reflects expected growth above peers.
What is NVDA's PEG ratio?
NVDA PEG ratio is 0.42. Below 1.0 indicates valuation is supported by earnings growth rate. Historical P/E data spans 2000-2026.