NVDA Nvidia PE ratio, current and historical analysis
As at Sep 9, 2024, the NVDA stock has a PE ratio of 49.29. This is based on the current EPS of $2.16 and the stock price of $106.47 per share. A decrease of 4.3% has been seen in the P/E ratio compared to the average of 51.5 of the last 4 quarters.
NVDA PE ratio history
The mean historical PE ratio of Nvidia over the last ten years is 50.14. The current 49.29 PE ratio is comparable to 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.
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
The current PE ratio of NVDA is below the 3, 5 and 10-year averages.
NVDA PE vs peers
Compared to its peers AMD and INTC, NVDA's PE ratio stands lower, however it is higher than MSFT's and TXN's. Nvidia's PE ratio is trading above the peer group average of 36.06.
| Stock name | PE ratio | Market cap |
|---|---|---|
| STM ST Microelectronics | 7.93 | $26.08B |
| QCOM Qualcomm Inc | 20.61 | $179.1B |
| MSFT Microsoft Corp | 34.21 | $3.02T |
| TXN Texas Instruments Inc | 34.62 | $183.68B |
| NVDA Nvidia Corp | 49.29 | $2.61T |
| INTC Intel Corp | 82.91 | $81.54B |
| AMD Advanced Micro Devices Inc | 166.45 | $223.59B |
| ALTR Altair Engineering Inc | 253.88 | $7.33B |
| AMBA Ambarella Inc | N/A | $2.13B |
Frequently asked questions
What is Nvidia's PE ratio?
As of Sep 9, 2024, NVDA stock has a price to earnings ratio of 49.29.
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 73.14.
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 69.9.
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 1.7% below its 10-year historical average.
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 (Sep 9, 2024), Nvidia's stock price is $106.47. The earnings per share for the trailing twelve months (TTM) ending Jul 2024 is $2.16. Therefore, Nvidia's P/E ratio for today is 49.29. PE RATIO(49.29) = STOCK PRICE($106.47) / TTM EPS($2.16)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.