Question 1

What is NVIDIA's P/B ratio?

Accepted Answer

NVIDIA (NVDA) P/B ratio is 25.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for NVIDIA?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For NVIDIA specifically, the relevant sector benchmark is the current sector median of 6.0×.

Question 5

Is NVIDIA's P/B ratio high or low?

Accepted Answer

NVIDIA's P/B ratio of 25.6× is below its own 5-year average of 31.8× and above the sector median of 6.0×. That places the current reading at the 22th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is NVIDIA's historical P/B ratio range?

Accepted Answer

In the available daily series, NVIDIA (NVDA) P/B ratio has ranged from a low of 1.6× in 2012 to a high of 68.7× in 2024. The 5-year average is 31.8× and the 5-year median is 29.8×.

Question 7

What was NVIDIA's P/B ratio in 2026?

Accepted Answer

NVIDIA (NVDA) P/B ratio at the end of 2026 was 28.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does NVIDIA's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$4.53T	$157.29B	28.8×	-7.7×	Jan 25, 2026
2025	$2.90T	$79.33B	36.6×	+0.7×	Jan 26, 2025
2024	$1.54T	$42.98B	35.8×	+14.5×	Jan 28, 2024
2023	$472.10B	$22.10B	21.4×	-1.7×	Jan 29, 2023
2022	$613.23B	$26.61B	23.0×	+3.6×	Jan 30, 2022
2021	$327.82B	$16.89B	19.4×	+7.4×	Jan 31, 2021
2020	$147.12B	$12.20B	12.1×	+3.1×	Jan 26, 2020
2019	$84.04B	$9.34B	9.0×	-11.0×	Jan 27, 2019
2018	$149.56B	$7.47B	20.0×	+9.5×	Jan 28, 2018
2017	$60.83B	$5.76B	10.6×	+7.0×	Jan 29, 2017
2016	$15.79B	$4.47B	3.5×	+1.0×	Jan 31, 2016
2015	$11.22B	$4.42B	2.5×	+0.6×	Jan 25, 2015
2014	$8.79B	$4.46B	2.0×	+0.4×	Jan 26, 2014
2013	$7.82B	$4.83B	1.6×	-0.6×	Jan 27, 2013
2012	$9.05B	$4.15B	2.2×	-2.2×	Jan 29, 2012
2011	$13.96B	$3.18B	4.4×	+0.9×	Jan 30, 2011
2010	$9.25B	$2.67B	3.5×	+1.7×	Jan 31, 2010
2009	$4.28B	$2.39B	1.8×	-3.4×	Jan 25, 2009
2008	$13.65B	$2.62B	5.2×	-0.5×	Jan 31, 2008
2007	$11.50B	$2.01B	5.7×	+0.5×	Jan 28, 2007
2006	$7.76B	$1.50B	5.2×	+2.0×	Jan 29, 2006
2005	$3.80B	$1.18B	3.2×	-0.5×	Jan 30, 2005
2004	$3.88B	$1.05B	3.7×	+2.0×	Jan 25, 2004
2003	$1.54B	$932.69M	1.6×	-11.1×	Jan 26, 2003
2002	$9.72B	$763.82M	12.7×	—	Jan 27, 2002


Duolingo (DUOL)	3.3×
Unity Software (U)	3.2×
Synopsys (SNPS)	3.0×
Science Applications International (SAIC)	2.9×
Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Block (SQ)	1.6×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Strategy (MSTR)	0.9×

P/B Ratio for NVIDIA (NVDA)

P/B Ratio daily chart for NVIDIA (NVDA)

Historical P/B Ratio for NVIDIA (NVDA) from 2002 to 2026

About P/B Ratio at NVIDIA (NVDA)

NVIDIA P/B Ratio by Year

NVIDIA P/B Ratio 2026: 28.8×

NVIDIA P/B Ratio 2025: 36.6×

NVIDIA P/B Ratio 2024: 35.8×

NVIDIA P/B Ratio 2023: 21.4×

NVIDIA P/B Ratio 2022: 23.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

NVIDIA (NVDA) Key Financials

P/B Ratio daily chart for NVIDIA (NVDA)

Historical P/B Ratio for NVIDIA (NVDA) from 2002 to 2026

About P/B Ratio at NVIDIA (NVDA)

NVIDIA P/B Ratio by Year

NVIDIA P/B Ratio 2026: 28.8×

NVIDIA P/B Ratio 2025: 36.6×

NVIDIA P/B Ratio 2024: 35.8×

NVIDIA P/B Ratio 2023: 21.4×

NVIDIA P/B Ratio 2022: 23.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is NVIDIA's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for NVIDIA?

+Is NVIDIA's P/B ratio high or low?

+What is NVIDIA's historical P/B ratio range?

+What was NVIDIA's P/B ratio in 2026?

+Why does NVIDIA's P/B ratio change over time?

NVIDIA (NVDA) Key Financials