Question 1

What is NVIDIA's P/E ratio?

Accepted Answer

NVIDIA (NVDA) P/E ratio is 32.4× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for NVIDIA?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For NVIDIA specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

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

Accepted Answer

NVIDIA's P/E ratio of 32.4× is below its own 5-year average of 62.6× and above the sector median of 29.4×. That places the current reading at the 3th 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/E ratio range?

Accepted Answer

In the available daily series, NVIDIA (NVDA) P/E ratio has ranged from a low of 11.4× in 2002 to a high of 246.7× in 2023. The 5-year average is 62.6× and the 5-year median is 52.8×.

Question 7

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

Accepted Answer

NVIDIA (NVDA) P/E ratio at the end of 2026 was 37.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$120B	37.7×	-2.0×	Jan 25, 2026
2025	$2.9T	$72.9B	39.8×	-12.0×	Jan 26, 2025
2024	$1.54T	$29.8B	51.8×	-56.3×	Jan 28, 2024
2023	$472B	$4.37B	108.1×	+45.2×	Jan 29, 2023
2022	$613B	$9.75B	62.9×	-12.8×	Jan 30, 2022
2021	$328B	$4.33B	75.7×	+23.1×	Jan 31, 2021
2020	$147B	$2.8B	52.6×	+32.3×	Jan 26, 2020
2019	$84B	$4.14B	20.3×	-28.8×	Jan 27, 2019
2018	$150B	$3.05B	49.1×	+12.6×	Jan 28, 2018
2017	$60.8B	$1.67B	36.5×	+10.8×	Jan 29, 2017
2016	$15.8B	$614M	25.7×	+7.9×	Jan 31, 2016
2015	$11.2B	$631M	17.8×	-2.2×	Jan 25, 2015
2014	$8.79B	$440M	20.0×	+6.1×	Jan 26, 2014
2013	$7.82B	$563M	13.9×	-1.7×	Jan 27, 2013
2012	$9.05B	$581M	15.6×	-39.6×	Jan 29, 2012
2011	$14B	$253M	55.1×	—	Jan 30, 2011
2010	$9.25B	-$68M	—	—	Jan 31, 2010
2009	$4.28B	-$30M	—	—	Jan 25, 2009
2008	$13.6B	$798M	17.1×	-8.6×	Jan 31, 2008
2007	$11.5B	$447M	25.7×	-0.1×	Jan 28, 2007
2006	$7.76B	$301M	25.8×	-12.1×	Jan 29, 2006
2005	$3.8B	$100M	37.9×	-14.2×	Jan 30, 2005
2004	$3.88B	$74.4M	52.1×	+35.2×	Jan 25, 2004
2003	$1.54B	$90.8M	16.9×	—	Jan 26, 2003


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for NVIDIA (NVDA) 2003-2026

P/E Ratio daily chart for NVIDIA (NVDA)

Historical P/E Ratio for NVIDIA (NVDA) from 2003 to 2026

About P/E Ratio at NVIDIA (NVDA)

NVIDIA P/E Ratio by Year

NVIDIA P/E Ratio 2026: 37.7×

NVIDIA P/E Ratio 2025: 39.8×

NVIDIA P/E Ratio 2024: 51.8×

NVIDIA P/E Ratio 2023: 108.1×

NVIDIA P/E Ratio 2022: 62.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

NVIDIA (NVDA) Key Financials