The Dispatch • Est. 2026— — —
NASDAQ · Semiconductors · Fiscal year endsFY ends January

NVIDIA Corporation

NVDA
$208.40+6.34 (+3.14%)Today
52-week low $164.27high $243.37
14.4% below its 52-week high
Next earningsNov 17, 2026 · after the close
What’s priced in

The growth today’s price assumes

To justify today’s price, free cash flow has to grow about 16.3% a year for 10 years.

That takes it from $127.0B over the four quarters to July 2026 to about $576.7B in year 10, growing 3.0% a year after that, against a market value of $5.02T.

Years of growth

How it works: today’s market value is treated as the present value of all the free cash flow the company will ever produce, discounted at the required return. The calculator finds the yearly growth over the chosen years, followed by steady growth for good, that makes the two equal. It is arithmetic on today’s price, not a forecast, and it doesn’t say what the stock is worth.

Yields

Cash, earnings and repurchases against market value

Trailing four quarters to July 2026
Free cash flow yield2.5%Free cash flow over the trailing four quarters ÷ market value
Earnings yield3.8%Net income over the trailing four quarters ÷ market value
Buyback yield1.1%Shares repurchased over the trailing four quarters ÷ market value
10-year Treasury4.91%For scale. U.S. Treasury yield curve, Nov 2, 2026
Against its own history

Today’s multiples against past quarter-ends

Each quarter-end since January 2017
P/E26.0×Today
Low 23.4×Median 50.7×High 143.0×

Lower than at 92% of quarter-ends since January 2017. Median 50.7× across 39 quarter-ends.

Market value ÷ net income over the trailing four quarters.

EV/sales16.6×Today
Low 8.2×Median 18.9×High 35.5×

Lower than at 54% of quarter-ends since January 2017. Median 18.9× across 39 quarter-ends.

Market value plus debt minus cash, ÷ revenue over the trailing four quarters.

Free cash flow yield2.5%Today
Low 0.8%Median 1.8%High 3.2%

Higher than at 78% of quarter-ends since January 2017. Median 1.8% across 18 quarter-ends.

Free cash flow over the trailing four quarters ÷ market value.

Peers

The same figures for similar companies

Today
CompanyMarket valueP/EEV/salesFree cash flow yieldRevenue growth
NVIDIA NVDA$5.02T26.0×16.6×2.5%+83.4%
Broadcom AVGO$1.59T41.6×18.2×2.5%+48.7%
Micron Technology MU$965.7B11.4×7.0×6.1%+256.3%
Advanced Micro Devices AMD$799.7B124.3×19.3×1.1%+39.5%
Intel INTC$324.9B—5.8×1.2%+12.1%
Texas Instruments TXN$286.6B40.3×14.3×2.6%+20.3%
Analog Devices ADI$208.5B50.4×15.4×2.4%+33.6%

Peers as listed by Finnhub, U.S. filers only, capped at six. Each figure is worked out the same way as NVIDIA Corporation’s, from that company’s own filings and current price.

Market value: today's price × the Aug 21, 2026 share count on the cover of NVIDIA Corporation's latest filing, checked against Finnhub's count.

Trailing figures: the four quarters to July 2026, from NVIDIA Corporation's 10-Q and 10-K filings with the SEC. Free cash flow is operating cash flow minus capital expenditure, calculated by The Dispatch.

History: each quarter-end’s closing price × the share count stated in that quarter’s filing, with stock splits accounted for. Enterprise value is market value plus debt minus cash and equivalents, all as of the same date. Debt is long-term debt as filed; quarterly filings often state only the part due after the coming year, so a quarter’s figure can be slightly lower than a year-end’s. Prices from Twelve Data.