Nova Ltd. (NVMI) Financial Ratios
27 years of historical data (1999–2025) · Technology · Semiconductors
EV/EBITDA
↑
68.62
↑+119% vs avg
5yr avg: 31.34
30Y Low6.8·High41.4
P/FCF
↑
83.91
↑+132% vs avg
5yr avg: 36.14
30Y Low8.7·High55.7
P/B Ratio
↓
14.31
↑+107% vs avg
5yr avg: 6.90
30Y Low0.5·High9.2
ROE
↑
23.1%
↓+1% vs avg
5yr avg: 22.8%
30Y Low-61%·High47%
Debt/EBITDA
↑
3.11
↑+69% vs avg
5yr avg: 1.84
30Y Low0.7·High3.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
NVMI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Nova Ltd. trades at 72.3x earnings, 109% above its 5-year average of 34.6x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 149%. On a free-cash-flow basis, the stock trades at 83.9x P/FCF, 132% above the 5-year average of 36.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.3B | $10.8B | $6.3B | $4.4B | $2.6B | $4.4B | $2.0B | $1.1B | $655M | $739M | $362M |
| Enterprise Value | $18.9B | $11.4B | $6.4B | $4.5B | $2.7B | $4.5B | $2.0B | $1.1B | $632M | $711M | $342M |
| P/E Ratio → | 72.28 | 41.26 | 34.25 | 32.10 | 18.56 | 46.96 | 42.79 | 30.76 | 12.05 | 15.90 | 37.60 |
| P/S Ratio | 20.76 | 12.23 | 9.41 | 8.51 | 4.56 | 10.50 | 7.59 | 4.81 | 2.61 | 3.33 | 2.21 |
| P/B Ratio | 14.31 | 8.17 | 6.82 | 5.87 | 4.43 | 9.22 | 5.50 | 3.44 | 2.33 | 3.26 | 2.07 |
| P/FCF | 83.91 | 49.43 | 29.03 | 41.46 | 26.50 | 34.27 | 37.98 | 55.65 | 20.21 | 13.31 | — |
| P/OCF | 74.45 | 43.85 | 26.90 | 35.69 | 21.78 | 33.03 | 33.92 | 26.56 | 18.15 | 11.96 | — |
P/E links to full P/E history page with 30-year chart
NVMI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Nova Ltd.'s enterprise value stands at 68.6x EBITDA, 119% above its 5-year average of 31.3x. The Technology sector median is 16.7x, placing the stock at a 310% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 12.96 | 9.53 | 8.78 | 4.80 | 10.72 | 7.52 | 4.81 | 2.52 | 3.20 | 2.08 |
| EV / EBITDA | 68.62 | 41.38 | 31.27 | 30.62 | 16.64 | 36.78 | 31.68 | 24.36 | 9.28 | 11.12 | 20.38 |
| EV / EBIT | 74.68 | 44.64 | 34.17 | 29.14 | 18.26 | 39.32 | 35.32 | 27.35 | 10.46 | 12.30 | 33.60 |
| EV / FCF | — | 52.38 | 29.39 | 42.74 | 27.88 | 35.01 | 37.65 | 55.73 | 19.50 | 12.81 | — |
NVMI Profitability
Margins and return-on-capital ratios measuring operating efficiency
Nova Ltd. earns an operating margin of 28.8%. Operating margins have expanded from 25.5% to 28.8% over the past 3 years, signaling improving operational efficiency. ROE of 23.1% indicates solid capital efficiency. ROIC of 12.8% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.6% | 57.6% | 57.6% | 56.6% | 56.5% | 57.0% | 56.8% | 54.2% | 57.8% | 59.1% | 45.9% |
| Operating Margin | 28.8% | 28.8% | 27.9% | 25.5% | 26.3% | 27.0% | 20.6% | 16.2% | 24.1% | 26.0% | 6.2% |
| Net Profit Margin | 29.4% | 29.4% | 27.3% | 26.3% | 24.6% | 22.4% | 17.8% | 15.6% | 21.7% | 20.9% | 5.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 23.1% | 23.1% | 21.9% | 20.4% | 26.4% | 22.0% | 14.0% | 11.8% | 21.4% | 23.1% | 5.7% |
| ROA | 13.8% | 13.8% | 14.6% | 12.9% | 15.7% | 12.7% | 9.1% | 9.6% | 17.6% | 18.5% | 4.5% |
| ROIC | 12.8% | 12.8% | 14.9% | 12.3% | 17.4% | 18.3% | 12.4% | 9.5% | 19.8% | 24.5% | 5.3% |
| ROCE | 16.2% | 16.2% | 20.7% | 15.9% | 21.9% | 20.2% | 11.7% | 11.4% | 23.4% | 28.2% | 5.8% |
NVMI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Nova Ltd. carries a Debt/EBITDA ratio of 3.1x, which is moderately leveraged (6% above the sector average of 2.9x). Net debt stands at $644M ($858M total debt minus $214M cash). Interest coverage of 110.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.65 | 0.65 | 0.25 | 0.33 | 0.42 | 0.47 | 0.58 | 0.11 | — | — | — |
| Debt / EBITDA | 3.11 | 3.11 | 1.15 | 1.64 | 1.50 | 1.82 | 3.35 | 0.75 | — | — | — |
| Net Debt / Equity | — | 0.49 | 0.08 | 0.18 | 0.23 | 0.20 | -0.05 | 0.00 | -0.08 | -0.12 | -0.12 |
| Net Debt / EBITDA | 2.33 | 2.33 | 0.38 | 0.92 | 0.82 | 0.78 | -0.28 | 0.04 | -0.34 | -0.43 | -1.22 |
| Debt / FCF | — | 2.96 | 0.36 | 1.28 | 1.37 | 0.74 | -0.33 | 0.08 | -0.71 | -0.50 | — |
| Interest Coverage | 110.42 | 110.42 | 116.20 | 103.30 | 102.06 | 25.92 | 59.82 | 399.85 | 694.74 | 516.24 | — |
NVMI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Nova Ltd.'s current ratio of 6.28x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 5.47x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 2.20x to 6.28x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.28 | 6.28 | 2.32 | 2.20 | 4.57 | 1.97 | 9.17 | 6.37 | 5.87 | 4.46 | 4.30 |
| Quick Ratio | 5.47 | 5.47 | 1.92 | 1.77 | 3.70 | 1.69 | 8.16 | 5.36 | 5.00 | 3.79 | 3.55 |
| Cash Ratio | 4.67 | 4.67 | 1.51 | 1.37 | 2.79 | 1.42 | 6.96 | 3.93 | 3.66 | 2.86 | 2.33 |
| Asset Turnover | — | 0.37 | 0.48 | 0.46 | 0.58 | 0.52 | 0.41 | 0.56 | 0.75 | 0.78 | 0.75 |
| Inventory Turnover | 2.03 | 2.03 | 1.82 | 1.63 | 2.13 | 2.27 | 1.89 | 2.13 | 2.53 | 2.60 | 3.03 |
| Days Sales Outstanding | — | 62.97 | 76.05 | 78.87 | 70.82 | 60.04 | 85.78 | 83.75 | 77.80 | 67.33 | 94.92 |
NVMI Shareholder Yields
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 1.4% (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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 1.4% | 2.4% | 2.9% | 3.1% | 5.4% | 2.1% | 2.3% | 3.3% | 8.3% | 6.3% | 2.7% |
| FCF Yield | 1.2% | 2.0% | 3.4% | 2.4% | 3.8% | 2.9% | 2.6% | 1.8% | 4.9% | 7.5% | — |
| Buyback Yield | 0.2% | 0.3% | 0.5% | 0.0% | 0.8% | 0.0% | 0.6% | 0.7% | 0.7% | 0.0% | 0.3% |
| Total Shareholder Yield | 0.2% | 0.3% | 0.5% | 0.0% | 0.8% | 0.0% | 0.6% | 0.7% | 0.7% | 0.0% | 0.3% |
| Shares Outstanding | — | $33M | $32M | $32M | $32M | $30M | $29M | $29M | $29M | $29M | $28M |
Peer Comparison
Compare NVMI 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 |
|---|---|---|---|---|---|---|---|---|---|
 NVMIYou | $18B | 72.3 | 68.6 | 83.9 | 57.6% | 28.8% | 23.1% | 12.8% | 3.1 |
 ONTO | $17B | 120.1 | 84.2 | 55.4 | 49.7% | 13.2% | 6.8% | 5.7% | 0.1 |
 MKSI | $27B | 93.0 | 34.5 | 55.0 | 40.4% | 14.4% | 11.7% | 6.5% | 5.2 |
 CAMT | $9B | 187.7 | 72.4 | 70.2 | 50.5% | 25.8% | 8.7% | 12.1% | 4.1 |
 COHU | $3B | -43.6 | — | 303.8 | 34.5% | -13.3% | -9.0% | -5.7% | — |
 KLIC | $6B | 9999.0 | 420.4 | 66.2 | 42.5% | -0.5% | 0.0% | -0.3% | 2.6 |
 KLAC | $34B | 8.5 | 6.8 | 9.1 | 62.3% | 43.1% | 100.8% | 46.5% | 1.1 |
 AMAT | $490B | 71.3 | 58.3 | 86.0 | 48.7% | 29.2% | 35.5% | 32.9% | 0.8 |
 LRCX | $486B | 93.7 | 77.0 | 89.7 | 48.7% | 32.0% | 58.2% | 55.7% | 0.8 |
 ACMR | $7B | 80.2 | 54.2 | — | 44.4% | 12.1% | 6.2% | 7.0% | 2.4 |
 ICHR | $3B | -64.0 | — | — | 9.3% | -4.1% | -7.7% | -3.9% | — |
| 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 · 27 years · Updated daily
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NVMI — Frequently Asked Questions
Quick answers to the most common questions about buying NVMI stock.
What is Nova Ltd.'s P/E ratio?
Nova Ltd.'s current P/E ratio is 72.3x. The historical average is 27.4x. This places it at the 100th percentile of its historical range.
What is Nova Ltd.'s EV/EBITDA?
Nova Ltd.'s current EV/EBITDA is 68.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 21.7x.
What is Nova Ltd.'s ROE?
Nova Ltd.'s return on equity (ROE) is 23.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 4.7%.
Is NVMI stock overvalued?
Based on historical data, Nova Ltd. is trading at a P/E of 72.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Nova Ltd.'s profit margins?
Nova Ltd. has 57.6% gross margin and 28.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Nova Ltd. have?
Nova Ltd.'s Debt/EBITDA ratio is 3.1x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.