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

NATI is expensive based on its Price-To-Earnings Ratio (44.4x) compared to the peer average (41.2x).

How does NATI's PE Ratio compare vs other companies in the US Electronic Industry?

NATI is expensive based on its Price-To-Earnings Ratio (44.4x) compared to the US Electronic industry average (18.9x).

What is NATI'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.

NATI is expensive based on its Price-To-Earnings Ratio (44.4x) compared to the estimated Fair Price-To-Earnings Ratio (21.8x).

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

NATI ($59.98) is trading above our estimate of [[fair value]] ($54.57)

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

Insufficient data to show price forecast.

National Instruments (Nasdaq:NATI) - Stock Price, News & Analysis

NATI Stock Overview

National Instruments Corporation provides a software-centric platform to engineers and scientists worldwide. More details

NATI fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	4/6
Financial Health	5/6
Dividends	4/6

Rewards

Earnings are forecast to grow 12.75% per year

Earnings grew by 70.6% over the past year

Risk Analysis

Dividend of 1.87% is not well covered by cash flows

National Instruments Corporation Competitors

Novanta

NasdaqGS:NOVT

US$6.0b

Badger Meter

NYSE:BMI

US$6.3b

Itron

NasdaqGS:ITRI

US$5.2b

Vontier

NYSE:VNT

US$5.7b

Price History & Performance

Summary of all time highs, changes and price drops for National Instruments
Historical stock prices
Current Share Price	US$59.98
52 Week High	US$59.99
52 Week Low	US$34.97
Beta	1.18
11 Month Change	0.52%
3 Month Change	5.93%
1 Year Change	56.16%
33 Year Change	64.60%
5 Year Change	36.94%
Change since IPO	1,418.24%

Recent updates

We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt

Dec 08

Is There An Opportunity With National Instruments Corporation's (NASDAQ:NATI) 38% Undervaluation?

Nov 22

National Instruments: Compelling Growth Play But Priced At A Premium

Oct 09

Should You Investigate National Instruments Corporation (NASDAQ:NATI) At US$39.88?

Sep 20

Here's What To Make Of National Instruments' (NASDAQ:NATI) Decelerating Rates Of Return

Jul 15

When Should You Buy National Instruments Corporation (NASDAQ:NATI)?

Jun 08

National Instruments (NASDAQ:NATI) Seems To Use Debt Rather Sparingly

Apr 13

Slowing Rates Of Return At National Instruments (NASDAQ:NATI) Leave Little Room For Excitement

Mar 31

At US$40.46, Is It Time To Put National Instruments Corporation (NASDAQ:NATI) On Your Watch List?

Mar 03

Are Investors Undervaluing National Instruments Corporation (NASDAQ:NATI) By 31%?

Feb 18

National Instruments Looks Like It May Be Building Toward Something More Interesting

Feb 12

Shareholder Returns

	NATI	US Electronic	US Market
7D	0.7%	-6.0%	-2.1%
1Y	56.2%	27.6%	29.7%

Return vs Industry: NATI exceeded the US Electronic industry which returned 4.7% over the past year.

Return vs Market: NATI exceeded the US Market which returned 14.1% over the past year.

Price Volatility

Is NATI's price volatile compared to industry and market?
NATI volatility
NATI Average Weekly Movement	1.1%
Electronic Industry Average Movement	6.0%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.6%
10% least volatile stocks in US Market	3.1%

Stable Share Price: NATI has not had significant price volatility in the past 3 months.

Volatility Over Time: NATI's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1976	7,000	Eric Starkloff	www.ni.com

National Instruments Corporation provides a software-centric platform to engineers and scientists worldwide. Its programming environments software includes NI LabVIEW, a graphical software platform to visualize hardware configuration, measurement data, and debugging; NI LabWindows/CVI, an ANSI C integrated development environment and engineering toolbox; and NI Measurement Studio, a suite of NET tools for building engineering applications in Microsoft Visual Studio.

National Instruments Corporation Fundamentals Summary

How do National Instruments's earnings and revenue compare to its market cap?
NATI fundamental statistics
Market cap	US$7.97b
Earnings (TTM)	US$179.40m
Revenue (TTM)	US$1.73b

44.4x

P/E Ratio

4.6x

P/S Ratio

Is NATI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NATI income statement (TTM)
Revenue	US$1.73b
Cost of Revenue	US$528.84m
Gross Profit	US$1.20b
Other Expenses	US$1.02b
Earnings	US$179.40m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	1.35
Gross Margin	69.43%
Net Profit Margin	10.37%
Debt/Equity Ratio	48.4%

How did NATI perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

82%

Payout Ratio

NATI Stock Overview

Rewards

Risk Analysis

National Instruments Corporation Competitors

NasdaqGS:NOVT

US$6.0b

NYSE:BMI

US$6.3b

NasdaqGS:ITRI

US$5.2b

NYSE:VNT

US$5.7b

Price History & Performance

Recent News & Updates

Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against National Instruments Corporation

National Instruments Corporation Files Form 15

National Instruments Corporation Announces Resignation of Mr. Daniel A. Berenbaum Ceased to Be Executive Vice President and Treasurer

National Instruments Corporation(NasdaqGS:NATI) dropped from NASDAQ Composite Index

Emerson Electric Co. (NYSE:EMR) completed the acquisition of remaining 98.2% stake in National Instruments Corporation (NasdaqGS:NATI) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Janus Henderson Group plc (NYSE:JHG), T.Rowe Price Investment Management, Inc. and others.

NI Announces Real-Time Analytics Enablement by Collaborating with Leading ATE Vendor

Recent updates

Robbins Geller Rudman & Dowd LLP Files Class Action Lawsuit Against National Instruments Corporation

National Instruments Corporation Files Form 15

National Instruments Corporation Announces Resignation of Mr. Daniel A. Berenbaum Ceased to Be Executive Vice President and Treasurer

National Instruments Corporation(NasdaqGS:NATI) dropped from NASDAQ Composite Index

Emerson Electric Co. (NYSE:EMR) completed the acquisition of remaining 98.2% stake in National Instruments Corporation (NasdaqGS:NATI) from The Vanguard Group, Inc., BlackRock, Inc. (NYSE:BLK), Janus Henderson Group plc (NYSE:JHG), T.Rowe Price Investment Management, Inc. and others.

NI Announces Real-Time Analytics Enablement by Collaborating with Leading ATE Vendor

National Instruments Corporation Announces Newest Product in its Portfolio of High-Power Test Systems for Battery Testing and Simulation, the NHR 4800 High-Density Battery Cycler and Emulator

Consensus EPS estimates fall by 13%

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

National Instruments Corporation to Report Q2, 2023 Results on Jul 27, 2023

NI and Spirent Announce First Comprehensive Test Solution for OpenRAN O-RU Customers

Insider recently sold US$202k worth of stock

Director & Independent Observer recently sold US$292k worth of stock

President exercised options and sold US$552k worth of stock

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Insufficient new directors

President recently sold US$2.5m worth of stock

Full year 2022 earnings: EPS misses analyst expectations

National Instruments Corporation Provides Earnings Guidance for the First Quarter 2023

Emerson Electric Discloses its Views/Plans on National Instruments

Emerson Reveals $7.6 Billion Bid for National Instruments

Investor sentiment improved over the past week

National Instruments Corporation to Report Q4, 2022 Results on Jan 31, 2023

Insider recently sold US$296k worth of stock

National Instruments Corporation Announces CFO Changes, Effective January 9, 2023

We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt

Is There An Opportunity With National Instruments Corporation's (NASDAQ:NATI) 38% Undervaluation?

National Instruments Corporation Announces Executive Changes

NI Announces its Most Versatile and Capable Vector Signal Transceiver (VST), the 3rd Generation PXIe-5842 VST

Executive VP & GM of Business Unit recently sold US$55k worth of stock

Third quarter 2022 earnings: EPS exceeds analyst expectations

National Instruments Corporation Provides Earnings Guidance for the Fourth Quarter Ending December 31, 2022 and Provides Revenue Guidance for the Full Year of 2023

National Instruments: Compelling Growth Play But Priced At A Premium

National Instruments Corporation to Report Q3, 2022 Results on Oct 27, 2022

Should You Investigate National Instruments Corporation (NASDAQ:NATI) At US$39.88?

National Instruments Corporation Announces Retirement of Karen Rapp, Executive Vice President, in May 2023

National Instruments CFO Karen Rapp to retire

We Think National Instruments (NASDAQ:NATI) Can Stay On Top Of Its Debt

Executive VP recently sold US$207k worth of stock

Executive VP recently sold US$193k worth of stock

National Instruments goes ex dividend tomorrow

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

National Instruments Corporation Reaffirms Earnings Guidance for the Third Quarter of 2022

Here's What To Make Of National Instruments' (NASDAQ:NATI) Decelerating Rates Of Return

National Instruments Corporation to Report Q2, 2022 Results on Jul 28, 2022

NI Introduces Patented, Time-saving EVM Measurement Technique

When Should You Buy National Instruments Corporation (NASDAQ:NATI)?

Executive VP notifies of intention to sell stock

Executive VP recently sold US$174k worth of stock

NI Announces Lineup of Software-Connected Products That Enable Industries to Engineer Ambitiously™

National Instruments Corporation Releases Latest Battery Test System to Enhance Safety and Performance of Electric Vehicles

National Instruments Corporation (NasdaqGS:NATI) completed the acquisition of Test systems business of Kratzer Automation AG.

Price target decreased to US$45.67

First quarter 2022 earnings: EPS and revenues miss analyst expectations

National Instruments (NASDAQ:NATI) Seems To Use Debt Rather Sparingly

Now 20% undervalued after recent price drop

National Instruments Corporation to Report Q1, 2022 Results on Apr 28, 2022

National Instruments Corporation (NasdaqGS:NATI) agreed to acquire Test systems business of Kratzer Automation AG.

Slowing Rates Of Return At National Instruments (NASDAQ:NATI) Leave Little Room For Excitement