NVE Corporation (NVEC) Financial Ratios
30 years of historical data (1997–2026) · Technology · Semiconductors
EV/EBITDA
↑
33.50
↑+83% vs avg
5yr avg: 18.32
30Y Low0.3·High57.0
P/FCF
↓
36.93
↑+63% vs avg
5yr avg: 22.70
30Y Low2.5·High33.8
P/B Ratio
↑
9.18
↑+69% vs avg
5yr avg: 5.42
30Y Low1.3·High71.7
ROE
↑
25.2%
-3% vs avg
5yr avg: 26.1%
30Y Low-211%·High270%
Debt/EBITDA
↑
0.05
↑+31% vs avg
5yr avg: 0.04
30Y Low0.0·High0.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NVEC Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
NVE Corporation trades at 35.2x earnings, 71% above its 5-year average of 20.5x, sitting at the 81st percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 21%. On a free-cash-flow basis, the stock trades at 36.9x P/FCF, 63% above the 5-year average of 22.7x.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $534M | $317M | $308M | $436M | $401M | $263M | $339M | $252M | $475M | $403M | $401M |
| Enterprise Value | $533M | $316M | $301M | $427M | $400M | $254M | $329M | $245M | $468M | $398M | $392M |
| P/E Ratio → | 35.18 | 20.86 | 20.50 | 25.47 | 17.66 | 18.16 | 28.97 | 17.34 | 32.74 | 28.96 | 30.89 |
| P/S Ratio | 20.29 | 12.04 | 11.92 | 14.64 | 10.48 | 9.76 | 15.86 | 9.92 | 17.94 | 13.49 | 14.14 |
| P/B Ratio | 9.18 | 5.44 | 4.95 | 6.66 | 5.98 | 4.08 | 4.78 | 3.23 | 5.74 | 4.66 | 4.32 |
| P/FCF | 36.93 | 21.91 | 23.63 | 23.94 | 22.09 | 21.91 | 25.48 | 15.92 | 33.55 | 27.69 | 33.78 |
| P/OCF | 32.08 | 19.03 | 21.55 | 23.92 | 21.00 | 21.07 | 25.36 | 15.87 | 33.39 | 26.58 | 32.36 |
P/E links to full P/E history page with 30-year chart
NVEC EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
NVE Corporation's enterprise value stands at 33.5x EBITDA, 83% above its 5-year average of 18.3x. The Technology sector median is 16.7x, placing the stock at a 101% 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 | — | 12.00 | 11.65 | 14.31 | 10.45 | 9.40 | 15.41 | 9.64 | 17.68 | 13.33 | 13.85 |
| EV / EBITDA | 33.50 | 19.85 | 18.47 | 22.65 | 15.47 | 15.13 | 24.78 | 15.25 | 28.14 | 20.48 | 21.10 |
| EV / EBIT | 33.50 | — | 18.84 | 23.03 | 15.59 | 15.53 | 25.83 | 15.79 | 29.39 | 21.57 | 22.49 |
| EV / FCF | — | 21.84 | 23.08 | 23.40 | 22.02 | 21.10 | 24.75 | 15.46 | 33.07 | 27.36 | 33.09 |
NVEC Profitability
Margins and return-on-capital ratios measuring operating efficiency
NVE Corporation earns an operating margin of 60.5%. Operating margins have compressed from 62.1% to 60.5% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 25.2% indicates solid capital efficiency. ROIC of 21.2% 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 | 78.7% | 78.7% | 83.6% | 77.3% | 78.9% | 76.8% | 80.7% | 80.8% | 80.3% | 79.0% | 78.5% |
| Operating Margin | 60.5% | 60.5% | 61.8% | 62.1% | 67.0% | 60.5% | 59.6% | 61.1% | 60.2% | 61.8% | 61.6% |
| Net Profit Margin | 57.7% | 57.7% | 58.2% | 57.5% | 59.3% | 53.8% | 54.7% | 57.2% | 54.8% | 46.6% | 45.7% |
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 | 25.2% | 25.2% | 23.6% | 25.8% | 34.5% | 21.4% | 15.7% | 18.1% | 17.1% | 15.5% | 13.5% |
| ROA | 24.4% | 24.4% | 23.0% | 25.2% | 33.2% | 20.7% | 15.4% | 17.8% | 17.0% | 15.4% | 13.3% |
| ROIC | 21.2% | 21.2% | 21.7% | 22.8% | 31.9% | 21.1% | 14.5% | 15.9% | 15.2% | 16.7% | 14.9% |
| ROCE | 26.0% | 26.0% | 24.8% | 27.8% | 38.7% | 23.9% | 17.0% | 19.2% | 18.8% | 20.6% | 18.2% |
NVEC Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
NVE Corporation carries a Debt/EBITDA ratio of 0.0x, which is very conservative (98% below the sector average of 2.9x). The company holds a net cash position — cash of $2M exceeds total debt of $740423, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | — | — | — |
| Debt / EBITDA | 0.05 | 0.05 | 0.06 | 0.02 | 0.02 | 0.04 | 0.06 | 0.05 | — | — | — |
| Net Debt / Equity | — | -0.02 | -0.11 | -0.15 | -0.02 | -0.15 | -0.14 | -0.09 | -0.08 | -0.06 | -0.09 |
| Net Debt / EBITDA | -0.06 | -0.06 | -0.44 | -0.53 | -0.04 | -0.59 | -0.73 | -0.45 | -0.41 | -0.24 | -0.44 |
| Debt / FCF | — | -0.07 | -0.55 | -0.54 | -0.06 | -0.82 | -0.73 | -0.46 | -0.49 | -0.33 | -0.69 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — |
Net cash position: cash ($2M) exceeds total debt ($740423)
NVEC Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
NVE Corporation's current ratio of 28.21x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 22.00x 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 32.05x to 28.21x 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 | 28.21 | 28.21 | 28.40 | 32.05 | 16.80 | 16.90 | 23.71 | 43.19 | 32.84 | 33.03 | 32.13 |
| Quick Ratio | 22.00 | 22.00 | 22.03 | 25.14 | 13.30 | 14.82 | 19.92 | 38.31 | 27.73 | 29.35 | 29.06 |
| Cash Ratio | 17.38 | 17.38 | 18.59 | 21.44 | 9.38 | 12.74 | 17.62 | 34.10 | 23.17 | 25.79 | 25.37 |
| Asset Turnover | — | 0.44 | 0.40 | 0.45 | 0.55 | 0.40 | 0.29 | 0.32 | 0.32 | 0.34 | 0.30 |
| Inventory Turnover | 0.79 | 0.79 | 0.57 | 0.95 | 1.26 | 1.23 | 1.06 | 1.26 | 1.22 | 1.72 | 1.81 |
| Days Sales Outstanding | — | 47.25 | 50.63 | 38.51 | 62.24 | 63.63 | 33.56 | 38.69 | 41.30 | 35.31 | 44.29 |
NVEC Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
NVE Corporation returns 3.6% to shareholders annually primarily through dividends. The payout ratio exceeds 100% at 127.3%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.8% (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 | 3.6% | 6.1% | 6.3% | 4.4% | 4.8% | 7.3% | 5.7% | 7.7% | 4.1% | 4.8% | 4.8% |
| Payout Ratio | 127.3% | 127.3% | 128.4% | 112.9% | 85.1% | 133.3% | 165.3% | 133.4% | 133.5% | 139.2% | 149.4% |
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 | 2.8% | 4.8% | 4.9% | 3.9% | 5.7% | 5.5% | 3.5% | 5.8% | 3.1% | 3.5% | 3.2% |
| FCF Yield | 2.7% | 4.6% | 4.2% | 4.2% | 4.5% | 4.6% | 3.9% | 6.3% | 3.0% | 3.6% | 3.0% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.3% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 3.6% | 6.1% | 6.3% | 4.4% | 4.8% | 7.4% | 5.7% | 8.0% | 4.1% | 4.8% | 4.8% |
| Shares Outstanding | — | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M |
Peer Comparison
Compare NVEC 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 |
|---|---|---|---|---|---|---|---|---|---|
 NVECYou | $534M | 35.2 | 33.5 | 36.9 | 78.7% | 60.5% | 25.2% | 21.2% | 0.0 |
 MRAM | $632M | -1042.7 | — | 202.5 | 51.2% | -11.8% | -0.9% | -18.4% | — |
 SLAB | $7B | -111.0 | — | 110.2 | 58.2% | -9.0% | -6.0% | -6.8% | — |
 MPWR | $77B | 122.6 | 97.1 | 115.3 | 55.2% | 26.1% | 18.4% | 22.2% | 0.0 |
 SITM | $19B | -423.9 | — | 547.9 | 53.6% | -18.5% | -4.6% | -4.9% | — |
 ALGM | $11B | -732.9 | 100.2 | 87.5 | 46.4% | 4.8% | -1.6% | 2.8% | 2.6 |
 DIOD | $5B | 83.5 | 29.1 | 40.0 | 31.2% | 2.4% | 3.5% | 1.6% | 0.5 |
 CLS | $43B | 51.1 | 34.0 | 91.8 | 11.7% | 8.6% | 41.2% | 34.0% | 0.7 |
 SMTC | $15B | -344.0 | 86.2 | 92.3 | 51.6% | 12.7% | -7.3% | 11.8% | 2.8 |
 TXN | $294B | 59.2 | 38.2 | 112.9 | 57.0% | 34.1% | 30.1% | 15.8% | 1.9 |
 ADI | $212B | 95.3 | 44.2 | 49.5 | 61.5% | 26.6% | 6.6% | 5.4% | 1.8 |
| 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 · 30 years · Updated daily
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NVEC — Frequently Asked Questions
Quick answers to the most common questions about buying NVEC stock.
What is NVE Corporation's P/E ratio?
NVE Corporation's current P/E ratio is 35.2x. The historical average is 32.8x. This places it at the 81th percentile of its historical range.
What is NVE Corporation's EV/EBITDA?
NVE Corporation's current EV/EBITDA is 33.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 19.8x.
What is NVE Corporation's ROE?
NVE Corporation's return on equity (ROE) is 25.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 10.8%.
Is NVEC stock overvalued?
Based on historical data, NVE Corporation is trading at a P/E of 35.2x. This is at the 81th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is NVE Corporation's dividend yield?
NVE Corporation's current dividend yield is 3.62% with a payout ratio of 127.3%.
What are NVE Corporation's profit margins?
NVE Corporation has 78.7% gross margin and 60.5% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does NVE Corporation have?
NVE Corporation's Debt/EBITDA ratio is 0.0x, indicating low leverage. A ratio below 2x is generally considered financially healthy.