NVIDIA CORP
$162.85
−3.34 (−2.01%) · delayed · Nov 13, 2026
Five-year price
52w $148.80 to $243.37
- Market cap
- $3.92T
- Enterprise value
- $3.92T
- P/E
- 33.2×
- 54.1× on 3y avg EPS
- EV / EBIT
- 30.1×
- FCF yield
- 2.5%
- ROIC
- 71.3%
- Debt / equity
- 0.05
- Piotroski F
- 4/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
67
- ●ROIC > 12% (5y avg)5y avg ROIC 53.3%
- ●ROE > 15% (5y avg)5y avg ROE 58.8%
- ○Stable operating marginsMargin volatility 17.5% (σ, 5y)
- ●Earnings convert to cashFCF / net income 85% (5y avg)
- ●Growing revenueRevenue CAGR 5y 66.9%
- ○Shrinking share countDiluted shares 876.7% over 5y
Value
0
- ○P/E below 15P/E 33.2
- ○EV/EBIT below 12EV/EBIT 30.1
- ○FCF yield above 6%FCF yield 2.5%
- ○Price below Graham NumberGraham Number $26.82
- ○P/B below 3P/B 25.0
Safety
80
- ●Debt / equity below 0.5D/E 0.05
- ●Debt payable in < 4 yrs of earningsNet debt $-2.1B
- ●Interest coverage > 8xCoverage 503.4x
- ●Current ratio > 1.5Current ratio 3.91
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
57
- ●Adequate size (revenue > $2B)Revenue $215.9B
- ●Strong condition (current ratio ≥ 2)Current ratio 3.91
- ●Earnings stability (no loss, 10y)10 years of data
- ●Uninterrupted dividendsDividends paid every year on record
- ○Earnings growth ≥ 33% (10y, 3y avgs)EPS growth -36%
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 54.1
- ○P/E × P/B ≤ 22.5Product 1349.9
Valuation lab
What do you have to believe?
At $162.85, the market is pricing in about 15.0% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt −$2.1B · 24100M shares · 5y revenue CAGR 66.9%
Intrinsic value
$236.23
Price
$162.85
Margin of safety
31%
What the price implies
The market is paying for 15.0% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
70% of the value sits beyond year 10. That means the answer depends mostly on the long-run assumptions.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6,910 | 9,714 | 11,716 | 10,918 | 16,675 | 26,914 | 26,974 | 60,922 | 130,497 | 215,938 |
| Gross profit | 4,063 | 5,822 | 7,171 | 6,768 | 10,396 | 17,475 | 15,356 | 44,301 | 97,858 | 153,463 |
| Operating income | 1,934 | 3,210 | 3,804 | 2,846 | 4,532 | 10,041 | 4,224 | 32,972 | 81,453 | 130,387 |
| Operating margin | 28.0% | 33.0% | 32.5% | 26.1% | 27.2% | 37.3% | 15.7% | 54.1% | 62.4% | 60.4% |
| Pre-tax income | 1,905 | 3,196 | 3,896 | 2,970 | 4,409 | 9,941 | 4,181 | 33,818 | 84,026 | 141,450 |
| Income tax | 239 | 149 | (245) | 174 | 77 | 189 | (187) | 4,058 | 11,146 | 21,383 |
| Net income | 1,666 | 3,047 | 4,141 | 2,796 | 4,332 | 9,752 | 4,368 | 29,760 | 72,880 | 120,067 |
| EPS (diluted) | 2.57 | 4.82 | 6.63 | 1.13 | 1.73 | 3.85 | 0.17 | 1.19 | 2.94 | 4.90 |
| Diluted shares | 649 | 632 | 625 | 2,472 | 2,510 | 2,535 | 25,070 | 24,940 | 24,804 | 24,514 |
Who owns it