26 years of historical data (1999–2024) · Technology · Semiconductors
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Nova Ltd. trades at 76.3x earnings, 118% above its 5-year average of 34.9x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a premium of 203%. On a free-cash-flow basis, the stock trades at 58.9x P/FCF, 74% above the 5-year average of 33.8x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.8B | $6.3B | $4.4B | $2.6B | $4.4B | $2.0B | $1.1B | $655M | $739M | $362M | $270M |
| Enterprise Value | $12.9B | $6.4B | $4.5B | $2.7B | $4.5B | $2.0B | $1.1B | $632M | $711M | $342M | $242M |
| P/E Ratio → | 76.32 | 34.25 | 32.10 | 18.56 | 46.96 | 42.79 | 30.76 | 12.05 | 15.90 | 37.60 | 17.19 |
| P/S Ratio | 19.11 | 9.41 | 8.51 | 4.56 | 10.50 | 7.59 | 4.81 | 2.61 | 3.33 | 2.21 | 1.82 |
| P/B Ratio | 15.20 | 6.82 | 5.87 | 4.43 | 9.22 | 5.50 | 3.44 | 2.33 | 3.26 | 2.07 | 1.67 |
| P/FCF | 58.93 | 29.03 | 41.46 | 26.50 | 34.27 | 37.98 | 55.65 | 20.21 | 13.31 | — | 12.59 |
| P/OCF | 54.62 | 26.90 | 35.69 | 21.78 | 33.03 | 33.92 | 26.56 | 18.15 | 11.96 | — | 10.45 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Nova Ltd.'s enterprise value stands at 63.1x EBITDA, 115% above its 5-year average of 29.4x. The Technology sector median is 15.7x, placing the stock at a 301% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 9.53 | 8.78 | 4.80 | 10.72 | 7.52 | 4.81 | 2.52 | 3.20 | 2.08 | 1.63 |
| EV / EBITDA | 63.09 | 31.27 | 30.62 | 16.64 | 36.78 | 31.68 | 24.36 | 9.28 | 11.12 | 20.38 | 11.41 |
| EV / EBIT | 68.93 | 34.17 | 29.14 | 18.26 | 39.32 | 35.32 | 27.35 | 10.46 | 12.30 | 33.60 | 20.88 |
| EV / FCF | — | 29.39 | 42.74 | 27.88 | 35.01 | 37.65 | 55.73 | 19.50 | 12.81 | — | 11.29 |
Margins and return-on-capital ratios measuring operating efficiency
Nova Ltd. earns an operating margin of 27.9%. Operating margins have expanded from 26.3% to 27.9% over the past 3 years, signaling improving operational efficiency. ROE of 21.9% indicates solid capital efficiency. ROIC of 14.9% represents solid returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.6% | 57.6% | 56.6% | 56.5% | 57.0% | 56.8% | 54.2% | 57.8% | 59.1% | 45.9% | 51.9% |
| Operating Margin | 27.9% | 27.9% | 25.5% | 26.3% | 27.0% | 20.6% | 16.2% | 24.1% | 26.0% | 6.2% | 7.8% |
| Net Profit Margin | 27.3% | 27.3% | 26.3% | 24.6% | 22.4% | 17.8% | 15.6% | 21.7% | 20.9% | 5.9% | 10.6% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.9% | 21.9% | 20.4% | 26.4% | 22.0% | 14.0% | 11.8% | 21.4% | 23.1% | 5.7% | 10.3% |
| ROA | 14.6% | 14.6% | 12.9% | 15.7% | 12.7% | 9.1% | 9.6% | 17.6% | 18.5% | 4.5% | 8.3% |
| ROIC | 14.9% | 14.9% | 12.3% | 17.4% | 18.3% | 12.4% | 9.5% | 19.8% | 24.5% | 5.3% | 6.6% |
| ROCE | 20.7% | 20.7% | 15.9% | 21.9% | 20.2% | 11.7% | 11.4% | 23.4% | 28.2% | 5.8% | 7.3% |
Solvency and debt-coverage ratios — lower is generally safer
Nova Ltd. carries a Debt/EBITDA ratio of 1.2x, which is manageable (61% below the sector average of 3.0x). Net debt stands at $78M ($236M total debt minus $158M cash). Interest coverage of 116.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.25 | 0.25 | 0.33 | 0.42 | 0.47 | 0.58 | 0.11 | — | — | — | — |
| Debt / EBITDA | 1.15 | 1.15 | 1.64 | 1.50 | 1.82 | 3.35 | 0.75 | — | — | — | — |
| Net Debt / Equity | — | 0.08 | 0.18 | 0.23 | 0.20 | -0.05 | 0.00 | -0.08 | -0.12 | -0.12 | -0.17 |
| Net Debt / EBITDA | 0.38 | 0.38 | 0.92 | 0.82 | 0.78 | -0.28 | 0.04 | -0.34 | -0.43 | -1.22 | -1.31 |
| Debt / FCF | — | 0.36 | 1.28 | 1.37 | 0.74 | -0.33 | 0.08 | -0.71 | -0.50 | — | -1.30 |
| Interest Coverage | 116.20 | 116.20 | 87.59 | 102.06 | 25.66 | 57.95 | 367.76 | 694.74 | 516.24 | — | — |
Short-term solvency ratios and asset-utilisation metrics
Nova Ltd.'s current ratio of 2.32x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 1.92x 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 4.57x to 2.32x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.32 | 2.32 | 2.20 | 4.57 | 1.97 | 9.17 | 6.37 | 5.87 | 4.46 | 4.30 | 4.04 |
| Quick Ratio | 1.92 | 1.92 | 1.77 | 3.70 | 1.69 | 8.16 | 5.36 | 5.00 | 3.79 | 3.55 | 3.30 |
| Cash Ratio | 1.51 | 1.51 | 1.37 | 2.79 | 1.42 | 6.96 | 3.93 | 3.66 | 2.86 | 2.33 | 2.61 |
| Asset Turnover | — | 0.48 | 0.46 | 0.58 | 0.52 | 0.41 | 0.56 | 0.75 | 0.78 | 0.75 | 0.72 |
| Inventory Turnover | 1.82 | 1.82 | 1.63 | 2.13 | 2.27 | 1.89 | 2.13 | 2.53 | 2.60 | 3.03 | 2.58 |
| Days Sales Outstanding | — | 76.05 | 78.87 | 70.82 | 60.04 | 85.78 | 83.75 | 77.80 | 67.33 | 94.92 | 46.81 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Nova Ltd. returns 0.2% to shareholders annually primarily through share buybacks. The earnings yield of 1.3% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.3% | 2.9% | 3.1% | 5.4% | 2.1% | 2.3% | 3.3% | 8.3% | 6.3% | 2.7% | 5.8% |
| FCF Yield | 1.7% | 3.4% | 2.4% | 3.8% | 2.9% | 2.6% | 1.8% | 4.9% | 7.5% | — | 7.9% |
| Buyback Yield | 0.2% | 0.5% | 0.0% | 0.8% | 0.0% | 0.6% | 0.7% | 0.7% | 0.0% | 0.3% | 1.6% |
| Total Shareholder Yield | 0.2% | 0.5% | 0.0% | 0.8% | 0.0% | 0.6% | 0.7% | 0.7% | 0.0% | 0.3% | 1.6% |
| Shares Outstanding | — | $32M | $32M | $32M | $30M | $29M | $29M | $29M | $29M | $28M | $28M |
Compare NVMI with 8 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| NVMIYou | $13B | 76.3 | 63.1 | 58.9 | 57.6% | 27.9% | 21.9% | 14.9% | 1.2 |
| KLAC | $201B | 50.2 | 36.4 | 53.8 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
| TER | $50B | 92.0 | 61.2 | 111.3 | 58.6% | 21.7% | 19.7% | 19.8% | 0.4 |
| ONTO | $11B | 53.2 | 41.8 | 49.7 | 52.2% | 19.0% | 11.0% | 8.6% | 0.1 |
| FORM | $8B | 111.1 | 76.5 | 96.4 | 40.3% | 8.5% | 7.5% | 6.2% | 0.4 |
| CAMT | $7B | 69.2 | — | — | 48.9% | 25.2% | 23.1% | 13.7% | 1.7 |
| COHU | $1B | -19.0 | — | — | 34.1% | -12.9% | -9.0% | -6.6% | — |
| AEHR | $1B | -287.9 | — | — | 40.6% | -7.3% | -3.2% | -3.0% | — |
| INTT | $144M | 48.5 | 17.0 | 57.8 | 42.4% | 2.6% | 2.9% | 2.9% | 2.9 |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 26 years · Updated daily
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Start ComparisonNova Ltd.'s current P/E ratio is 76.3x. The historical average is 26.5x. This places it at the 100th percentile of its historical range.
Nova Ltd.'s current EV/EBITDA is 63.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.6x.
Nova Ltd.'s return on equity (ROE) is 21.9%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 4.0%.
Based on historical data, Nova Ltd. is trading at a P/E of 76.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Nova Ltd. has 57.6% gross margin and 27.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Nova Ltd.'s Debt/EBITDA ratio is 1.2x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.