As at May 1, 2024, the NVDA stock has a PE ratio of 68.91. This is based on the current EPS of $12.05 and the stock price of $830.41 per share. A decrease of 23% has been seen in the P/E ratio compared to the average of 89.6 of the last 4 quarters.
The mean historical PE ratio of Nvidia over the last ten years is 49.71. The current 68.91 PE ratio is 39% above the historical average. Over the past ten years, NVDA's PE ratio was at its highest in the Apr 2023 quarter at 143.04, with a price of $277.49 and an EPS of $1.94. The Oct 2014 quarter recorded the bottom point at 17.77, with a price of $4.62 and an EPS of $0.26.
Maximum annual increase: 131.21% in 2020
Maximum annual decrease: -56.23% in 2024
| Year | PE ratio | Change |
|---|---|---|
| 2024 | 50.65 | -56.23% |
| 2023 | 115.71 | 98.1% |
| 2022 | 58.41 | -20.86% |
| 2021 | 73.81 | 35.56% |
| 2020 | 54.45 | 131.21% |
| 2019 | 23.55 | -50.84% |
| 2018 | 47.9 | 31.99% |
| 2017 | 36.29 | 38.78% |
| 2016 | 26.15 | 46.42% |
| 2015 | 17.86 | -12.75% |
The current PE ratio of NVDA is greater than its 10-year historical average, but it is below the 3 and 5-year averages.
Compared to its peer AMD, 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 25.18.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STM ST Microelectronics | 9.52 | $34.97B |
| QCOM Qualcomm Inc | 21.85 | $183.15B |
| TXN Texas Instruments Inc | 27.08 | $159.52B |
| INTC Intel Corp | 31.64 | $129.29B |
| MSFT Microsoft Corp | 34.08 | $2.94T |
| NVDA Nvidia Corp | 68.91 | $2.08T |
| AMD Advanced Micro Devices Inc | 209.09 | $233.19B |
| ALTR Altair Engineering Inc | N/A | $6.72B |
| AMBA Ambarella Inc | N/A | $1.87B |
As of May 1, 2024, NVDA stock has a price to earnings ratio of 68.91.
As an average over the last 3 years, NVDA stock has a PE ratio of 76.73.
As an average over the last 5 years, NVDA stock has a PE ratio of 70.88.
Over the last ten years, the quarterly PE ratio reached a historic high of 143.04 in the Apr 2023 quarter.
NVDA's current price to earnings ratio is 39% above its 10-year historical average.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (May 1, 2024), Nvidia's stock price is $830.41. The earnings per share for the trailing twelve months (TTM) ending Jan 2024 is $12.05. Therefore, Nvidia's P/E ratio for today is 68.91. PE RATIO(68.91) = STOCK PRICE($830.41) / TTM EPS($12.05)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.