Company Valuation: NVIDIA Corporation

Data adjusted to current consolidation scope
Fiscal Period: January 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 558,100 475,539 1,521,940 3,492,764 4,560,193 5,250,524 - -
Change - -14.79% 220.05% 129.49% 30.56% 15.14% - -
Enterprise Value (EV) 1 547,838 473,196 1,505,665 3,449,554 4,506,105 5,098,551 4,920,921 4,646,070
Change - -13.62% 218.19% 129.11% 30.63% 13.15% -3.48% -5.59%
P/E 58x 111x 51.6x 48.5x 38.3x 21.8x 14.2x 11.3x
PBR 21.3x 21.9x 35.8x 44.6x 29.2x 17.6x 9.98x 6.32x
PEG - -2x 0x 0x 0.6x 0x 0.3x 0.4x
Capitalization / Revenue 20.7x 17.6x 25x 26.8x 21.1x 12.8x 7.82x 6.06x
EV / Revenue 20.4x 17.5x 24.7x 26.4x 20.9x 12.4x 7.33x 5.36x
EV / EBITDA 48.8x 82x 43.7x 41.4x 32.2x 18.8x 11.2x 7.99x
EV / EBIT 43.2x 52.3x 40.5x 39.7x 32.8x 19x 11x 7.84x
EV / FCF 67.4x 124x 55.7x 56.7x 46.6x 26.1x 15.3x 10.8x
FCF Yield 1.48% 0.8% 1.79% 1.76% 2.15% 3.83% 6.53% 9.24%
Dividend per Share 2 0.016 0.016 0.016 0.07 0.04 0.7505 1.084 1.197
Rate of return 0.07% 0.08% 0.03% 0.05% 0.02% 0.35% 0.5% 0.55%
EPS 2 0.385 0.174 1.193 2.94 4.9 9.971 15.3 19.24
Distribution rate 4.16% 9.2% 1.34% 2.38% 0.82% 7.53% 7.09% 6.22%
Net sales 1 26,914 26,974 60,922 130,497 215,938 411,247 671,662 866,011
EBITDA 1 11,215 5,768 34,480 83,317 140,143 271,631 438,733 581,560
EBIT 1 12,690 9,040 37,134 86,789 137,300 268,849 448,220 592,523
Net income 1 9,752 4,368 29,760 72,880 120,067 242,368 370,924 460,436
Net Debt 1 -10,262 -2,343 -16,275 -43,210 -54,088 -151,973 -329,603 -604,454
Reference price 2 22.32 19.32 61.62 142.62 187.67 217.44 217.44 217.44
Nbr of stocks (in thousands) 25,000,000 24,610,000 24,700,000 24,490,000 24,299,000 24,147,000 - -
Announcement Date 16/02/22 22/02/23 21/02/24 26/02/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.81x12.4x18.77x0.35% 5,251B
22.72x11.15x15.11x1.11% 1,997B
40.94x16.82x24.75x0.71% 1,759B
12.85x7.79x9.41x0.06% 1,054B
4.84x3.02x3.63x0.22% 899B
80.22x14.52x54.58x-.--% 750B
-38.57x7.78x21.64x-.--% 467B
186.85x40.73x83.04x-.--% 251B
29.78x10.82x20.04x2.27% 231B
Average 40.16x 13.89x 27.89x 0.52% 1,407B
Weighted average by Cap. 27.31x 12.25x 20.69x 0.48%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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