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 5,505,033 - -
Change - -14.79% 220.05% 129.49% 30.56% 20.72% - -
Enterprise Value (EV) 1 547,838 473,196 1,505,665 3,449,554 4,506,105 5,353,060 5,175,430 4,900,579
Change - -13.62% 218.19% 129.11% 30.63% 18.8% -3.32% -5.31%
P/E 58x 111x 51.6x 48.5x 38.3x 22.8x 15.2x 11.8x
PBR 21.3x 21.9x 35.8x 44.6x 29.2x 18.9x 10.6x 6.78x
PEG - -2x 0x 0x 0.6x 0x 0.3x 0.4x
Capitalization / Revenue 20.7x 17.6x 25x 26.8x 21.1x 13.4x 8.27x 6.46x
EV / Revenue 20.4x 17.5x 24.7x 26.4x 20.9x 13x 7.78x 5.75x
EV / EBITDA 48.8x 82x 43.7x 41.4x 32.2x 19.6x 12x 8.77x
EV / EBIT 43.2x 52.3x 40.5x 39.7x 32.8x 19.9x 11.6x 8.35x
EV / FCF 67.4x 124x 55.7x 56.7x 46.6x 27.2x 16.1x 11.6x
FCF Yield 1.48% 0.8% 1.79% 1.76% 2.15% 3.67% 6.2% 8.61%
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% 0.33% 0.48% 0.53%
EPS 2 0.385 0.174 1.193 2.94 4.9 9.987 15.02 19.24
Distribution rate 4.16% 9.2% 1.34% 2.38% 0.82% 7.52% 7.21% 6.22%
Net sales 1 26,914 26,974 60,922 130,497 215,938 410,858 665,407 852,653
EBITDA 1 11,215 5,768 34,480 83,317 140,143 272,445 430,755 558,977
EBIT 1 12,690 9,040 37,134 86,789 137,300 268,715 446,673 587,094
Net income 1 9,752 4,368 29,760 72,880 120,067 243,153 361,608 447,961
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 61.62 142.62 187.67 227.98 227.98 227.98
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.($)
22.82x13.05x19.65x0.33% 5,505B
22.45x11.01x14.92x1.12% 1,972B
41.24x16.9x24.87x0.7% 1,768B
12.88x7.81x9.44x0.06% 1,056B
4.95x3.09x3.72x0.21% 913B
83.2x15.07x56.64x-.--% 778B
-39.92x8.04x22.36x-.--% 484B
203.07x44.33x90.38x-.--% 273B
31.34x11.37x21.06x2.15% 243B
Average 42.45x 14.52x 29.23x 0.51% 1,444B
Weighted average by Cap. 28.43x 12.70x 21.52x 0.47%

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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