NVIDIA Corporation

NasdaqGS:NVDA Stock Report

Mkt Cap: US$545.7b

We’ve recently updated our valuation analysis.

NVIDIA Valuation

Is NVDA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NVDA?

Other financial metrics that can be useful for relative valuation.

NVDA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue19.1x
Enterprise Value/EBITDA62.4x
PEG Ratio3.8x

Price to Earnings Ratio vs Peers

How does NVDA's PE Ratio compare to its peers?

The above table shows the PE ratio for NVDA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average39.9x
AVGO Broadcom
22.9x7.4%US$256.8b
AMD Advanced Micro Devices
104.9x29.7%US$138.5b
QCOM QUALCOMM
12.8x6.4%US$152.3b
TXN Texas Instruments
19.1x-0.1%US$166.3b
NVDA NVIDIA
91.6x23.8%US$545.7b

Price to Earnings Ratio vs Industry

How does NVDA's PE Ratio compare vs other companies in the US Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a16.6%
 n/an/an/a

Price to Earnings Ratio vs Fair Ratio

What is NVDA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NVDA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio91.6x
Fair PE Ratio30.7x

Price-To-Earnings vs Fair Ratio: NVDA is expensive based on its Price-To-Earnings Ratio (91.6x) compared to the estimated Fair Price-To-Earnings Ratio (30.7x).

Share Price vs Fair Value

What is the Fair Price of NVDA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NVDA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$221.73
US$206.41
-6.9%
20.5%US$320.00US$110.00n/a41
Feb ’24US$209.43
US$206.41
-1.4%
20.5%US$320.00US$110.00n/a41
Jan ’24US$146.14
US$203.17
+39.0%
20.4%US$320.00US$110.00n/a42
Dec ’23US$171.35
US$204.29
+19.2%
21.1%US$320.00US$110.00n/a41
Nov ’23US$135.43
US$199.01
+46.9%
24.4%US$320.00US$110.00n/a41
Oct ’23US$121.39
US$205.86
+69.6%
22.8%US$320.00US$110.00n/a42
Sep ’23US$139.37
US$212.50
+52.5%
21.3%US$320.00US$110.00n/a40
Aug ’23US$184.41
US$236.08
+28.0%
23.4%US$400.00US$130.00n/a38
Jul ’23US$145.23
US$252.10
+73.6%
23.3%US$410.00US$130.00n/a39
Jun ’23US$183.20
US$255.18
+39.3%
22.7%US$410.00US$130.00n/a40
May ’23US$185.47
US$325.68
+75.6%
17.4%US$410.00US$160.00n/a40
Apr ’23US$267.12
US$338.51
+26.7%
15.1%US$410.00US$200.00n/a39
Mar ’23US$234.77
US$340.74
+45.1%
14.7%US$400.00US$200.00n/a38
Feb ’23US$246.38
US$335.41
+36.1%
16.5%US$400.00US$194.00US$209.4339
Jan ’23US$294.11
US$333.16
+13.3%
17.7%US$400.00US$194.00US$146.1440
Dec ’22US$314.35
US$330.96
+5.3%
17.5%US$400.00US$200.00US$171.3539
Nov ’22US$258.27
US$229.84
-11.0%
14.3%US$300.00US$130.00US$135.4340
Oct ’22US$207.42
US$227.44
+9.7%
14.0%US$300.00US$130.00US$121.3940
Sep ’22US$224.41
US$222.74
-0.7%
13.3%US$300.00US$130.00US$139.3740
Aug ’22US$194.99
US$193.63
-0.7%
15.0%US$250.00US$110.00US$184.4139
Jul ’22US$202.12
US$185.15
-8.4%
13.7%US$250.00US$110.00US$145.2338
Jun ’22US$162.65
US$175.76
+8.1%
11.3%US$200.00US$110.00US$183.2037
May ’22US$150.10
US$163.31
+8.8%
13.8%US$200.00US$95.00US$185.4734
Apr ’22US$138.12
US$158.91
+15.1%
12.9%US$200.00US$95.00US$267.1235
Mar ’22US$138.42
US$157.77
+14.0%
12.3%US$200.00US$95.00US$234.7735
Feb ’22US$132.37
US$147.15
+11.2%
13.4%US$175.00US$85.00US$246.3834

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