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NVDA Nvidia PE ratio, current and historical analysis

As at Jun 18, 2024, the NVDA stock has a PE ratio of 78.37. This is based on the current EPS of $1.73 and the stock price of $135.58 per share. An increase of 18% has been seen in the P/E ratio compared to the average of 66.3 of the last 4 quarters.

NVDA PE ratio history

How has NVDA's PE ratio performed in the past

The mean historical PE ratio of Nvidia over the last ten years is 49.39. The current 78.37 PE ratio is 59% above the historical average. Over the past ten years, NVDA's PE ratio was at its highest in the Apr 2023 quarter at 146.05, with a price of $27.75 and an EPS of $0.19. The Oct 2014 quarter recorded the bottom point at 15.4, with a price of $0.46 and an EPS of $0.03.

Average
49.39
Median
46.33
Minimum
15.4
Maximum
146.05

Nvidia PE ratio by year

Maximum annual increase: 121.57% in 2020

Maximum annual decrease: -55.42% in 2024

Year PE ratio Change
2024 50.44 -55.42%
2023 113.14 93.2%
2022 58.56 -18.86%
2021 72.17 38.31%
2020 52.18 121.57%
2019 23.55 -49.67%
2018 46.79 33.95%
2017 34.93 43.16%
2016 24.4 41.29%
2015 17.27 -11.21%

NVDA average PE ratio chart

What is the average PE ratio of NVDA for the past years

The current PE ratio of NVDA is greater than its 3, 5 and 10-year historical averages.

3-year avg
74.38
5-year avg
69.28
10-year avg
49.39
15-year avg
41.86

NVDA PE vs peers

What is NVDA's PE ratio compared to its peers

Compared to its peers AMD and ALTR, NVDA's PE ratio stands lower, however it is higher than MSFT's and QCOM's. Nvidia's PE ratio is trading above the peer group average of 28.31.

Stock name PE ratio Market cap
STM ST Microelectronics 10.14 $37.25B
QCOM Qualcomm Inc 29.45 $246.8B
TXN Texas Instruments Inc 29.85 $175.81B
INTC Intel Corp 32.09 $131.16B
MSFT Microsoft Corp 38.13 $3.28T
NVDA Nvidia Corp 79.68 $3.39T
AMD Advanced Micro Devices Inc 234.61 $261.65B
ALTR Altair Engineering Inc 806.17 $8.03B
AMBA Ambarella Inc N/A $2.27B

Frequently asked questions

What is Nvidia's PE ratio?

As of Jun 18, 2024, NVDA stock has a price to earnings ratio of 78.37.

What is the 3-year average PE ratio for Nvidia (NVDA)?

As an average over the last 3 years, NVDA stock has a PE ratio of 74.38.

What is the 5-year average PE ratio for Nvidia (NVDA)?

As an average over the last 5 years, NVDA stock has a PE ratio of 69.28.

What is the highest PE ratio for NVDA?

Over the last ten years, the quarterly PE ratio reached a historic high of 146.05 in the Apr 2023 quarter.

How does the current PE ratio for NVDA compare to its historical average?

NVDA's current price to earnings ratio is 59% above its 10-year historical average.

Why is Nvidia's PE ratio so high?

NVDA's stock price is trading at a higher multiple of earnings, which is why its PE ratio of 78.37 is considered high.

How is NVDA's PE ratio calculated (Nvidia PE ratio formula)?

You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jun 18, 2024), Nvidia's stock price is $135.58. The earnings per share for the trailing twelve months (TTM) ending Apr 2024 is $1.73. Therefore, Nvidia's P/E ratio for today is 78.37. PE RATIO(78.37) = STOCK PRICE($135.58) / TTM EPS($1.73)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.