Question 1

What is NVIDIA's P/S ratio?

Accepted Answer

NVIDIA (NVDA) P/S ratio is 19.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for NVIDIA?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For NVIDIA specifically, the relevant sector benchmark is the current sector median of 5.7×.

Question 5

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

Accepted Answer

NVIDIA's P/S ratio of 19.7× is below its own 5-year average of 23.1× and above the sector median of 5.7×. That places the current reading at the 18th 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/S ratio range?

Accepted Answer

In the available daily series, NVIDIA (NVDA) P/S ratio has ranged from a low of 0.8× in 2003 to a high of 46.6× in 2024. The 5-year average is 23.1× and the 5-year median is 22.7×.

Question 7

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

Accepted Answer

NVIDIA (NVDA) P/S ratio at the end of 2026 was 21.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$215.94B	21.0×	-1.2×	Jan 25, 2026
2025	$2.90T	$130.50B	22.2×	-3.1×	Jan 26, 2025
2024	$1.54T	$60.92B	25.3×	+7.8×	Jan 28, 2024
2023	$472.10B	$26.97B	17.5×	-5.3×	Jan 29, 2023
2022	$613.23B	$26.91B	22.8×	+3.1×	Jan 30, 2022
2021	$327.82B	$16.68B	19.7×	+6.2×	Jan 31, 2021
2020	$147.12B	$10.92B	13.5×	+6.3×	Jan 26, 2020
2019	$84.04B	$11.72B	7.2×	-8.2×	Jan 27, 2019
2018	$149.56B	$9.71B	15.4×	+6.6×	Jan 28, 2018
2017	$60.83B	$6.91B	8.8×	+5.7×	Jan 29, 2017
2016	$15.79B	$5.01B	3.2×	+0.8×	Jan 31, 2016
2015	$11.22B	$4.68B	2.4×	+0.3×	Jan 25, 2015
2014	$8.79B	$4.13B	2.1×	+0.3×	Jan 26, 2014
2013	$7.82B	$4.28B	1.8×	-0.4×	Jan 27, 2013
2012	$9.05B	$4.00B	2.3×	-1.7×	Jan 29, 2012
2011	$13.96B	$3.54B	3.9×	+1.2×	Jan 30, 2011
2010	$9.25B	$3.33B	2.8×	+1.5×	Jan 31, 2010
2009	$4.28B	$3.42B	1.3×	-2.1×	Jan 25, 2009
2008	$13.65B	$4.10B	3.3×	-0.4×	Jan 31, 2008
2007	$11.50B	$3.07B	3.7×	+0.5×	Jan 28, 2007
2006	$7.76B	$2.38B	3.3×	+1.4×	Jan 29, 2006
2005	$3.80B	$2.01B	1.9×	-0.2×	Jan 30, 2005
2004	$3.88B	$1.82B	2.1×	+1.3×	Jan 25, 2004
2003	$1.54B	$1.91B	0.8×	-6.3×	Jan 26, 2003
2002	$9.72B	$1.36B	7.1×	—	Jan 27, 2002


DocuSign (DOCU)	2.7×
Broadridge Financial Solutions (BR)	2.6×
Celestica (CLS)	2.3×
EchoStar (SATS)	2.3×
Gen Digital (GEN)	2.3×
GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Skyworks Solutions (SWKS)	2.1×
Qorvo (QRVO)	1.9×
Zebra Technologies (ZBRA)	1.8×
Accenture (ACN)	1.8×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Block (SQ)	1.4×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Dell Technologies (DELL)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Jabil (JBL)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×

P/S Ratio for NVIDIA (NVDA)

P/S Ratio daily chart for NVIDIA (NVDA)

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

About P/S Ratio at NVIDIA (NVDA)

NVIDIA P/S Ratio by Year

NVIDIA P/S Ratio 2026: 21.0×

NVIDIA P/S Ratio 2025: 22.2×

NVIDIA P/S Ratio 2024: 25.3×

NVIDIA P/S Ratio 2023: 17.5×

NVIDIA P/S Ratio 2022: 22.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

NVIDIA (NVDA) Key Financials

P/S Ratio daily chart for NVIDIA (NVDA)

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

About P/S Ratio at NVIDIA (NVDA)

NVIDIA P/S Ratio by Year

NVIDIA P/S Ratio 2026: 21.0×

NVIDIA P/S Ratio 2025: 22.2×

NVIDIA P/S Ratio 2024: 25.3×

NVIDIA P/S Ratio 2023: 17.5×

NVIDIA P/S Ratio 2022: 22.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is NVIDIA's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

NVIDIA (NVDA) Key Financials