Nvidia Corporation is one of the largest developers of graphics processors and chipsets for personal computers and game consoles. The head office is in Santa Clara, California. NVIDIA Corporation does not have its own manufacturing facilities and therefore works according to the fabless principle.
The company was founded in January 1993 by Jen-Hsun Huang, Curtis Priem and Chris Malachowsky. In May 1995, Nvidia launched the NV1 (STG-2000), one of the first 3D accelerator processors (GPU). In January 1999, Nvidia was included in the NASDAQ (NVDA) and delivered the ten millionth graphics chip in the same year. In the Forbes Global 2000 of the world's largest companies, Nvidia ranks 572 (as of: 2017 financial year). The company had a market value of approximately US $155 billion in mid-2018.
P/E ratio for NVIDIA (NVDA)
P/E ratio as of April 2024 (TTM): 191
According to NVIDIA's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 190.691. At the end of 2022 the company had a P/E ratio of 61.4.
P/E ratio history for NVIDIA from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 61.4 | -31.16% |
| 2021 | 89.2 | 5.9% |
| 2020 | 84.2 | 41.75% |
| 2019 | 59.4 | 243.61% |
| 2018 | 17.3 | -60.59% |
| 2017 | 43.9 | -8.74% |
| 2016 | 48.1 | 59.01% |
| 2015 | 30.2 | 58.36% |
| 2014 | 19.1 | -8.22% |
| 2013 | 20.8 | 39.15% |
| 2012 | 15.0 | 15.42% |
| 2011 | 13.0 | -68.04% |
| 2010 | 40.5 | -234.51% |
| 2009 | -30.1 | -350.14% |
| 2008 | 12.0 | -55.15% |
| 2007 | 26.9 | -20.16% |
| 2006 | 33.6 | 30.67% |
| 2005 | 25.7 | -48.63% |
| 2004 | 50.1 | 38.28% |
| 2003 | 36.2 | 148.76% |
| 2002 | 14.6 | -79.41% |
| 2001 | 70.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 36.1 | -81.06% | 🇺🇸 USA |
 Intel INTC | -86.0 | -145.11% | 🇺🇸 USA |
 AMD AMD | > 1000 | 549.57% | 🇺🇸 USA |
 Texas Instruments TXN | 20.9 | -89.05% | 🇺🇸 USA |
 QUALCOMM QCOM | 24.8 | -87.02% | 🇺🇸 USA |
 Ambarella AMBA | -16.4 | -108.61% | 🇺🇸 USA |
 Altair Engineering
ALTR | -144 | -175.64% | 🇺🇸 USA |
 STMicroelectronics STM | 8.09 | -95.76% | 🇨🇭 Switzerland |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.