Price to Sales (P/S)
since 2005
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
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Calculation
NVIDIA Corp., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenue1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 25, 2026 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 24, 2023 | = | ÷ | = | ÷ | |||||||
| Mar 18, 2022 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 21, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2018 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2017 | = | ÷ | = | ÷ | |||||||
| Mar 17, 2016 | = | ÷ | = | ÷ | |||||||
| Mar 12, 2015 | = | ÷ | = | ÷ | |||||||
| Mar 13, 2014 | = | ÷ | = | ÷ | |||||||
| Mar 12, 2013 | = | ÷ | = | ÷ | |||||||
| Mar 13, 2012 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2011 | = | ÷ | = | ÷ | |||||||
| Mar 18, 2010 | = | ÷ | = | ÷ | |||||||
| Mar 13, 2009 | = | ÷ | = | ÷ | |||||||
| Mar 21, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2006 | = | ÷ | = | ÷ | |||||||
| Mar 22, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of NVIDIA Corp. Annual Report.
The Price-to-Sales (P/S) ratio, calculated from the provided share price and sales per share figures, exhibits considerable fluctuation over the analyzed period from 2005 to 2026. Initial values indicate a relatively high valuation based on sales, followed by periods of decline and subsequent increases, culminating in a peak in 2022 before a slight decrease and stabilization.
- Early Period (2005-2009)
- The P/S ratio began at 2.13 in 2005, increasing to a peak of 3.53 in 2006, before declining to 2.71 in 2008. A significant drop occurred in 2009, reaching a low of 1.58, potentially reflecting market conditions and investor sentiment during that period. This initial period demonstrates volatility, but generally suggests a premium placed on each dollar of sales.
- Recovery and Moderate Growth (2010-2016)
- From 2010 through 2016, the P/S ratio experienced a period of recovery and moderate growth. It rose from 3.00 in 2010 to 3.55 in 2016, with some fluctuations along the way. This suggests increasing investor confidence and a willingness to pay more for each dollar of sales as the company demonstrated stability and growth.
- Significant Expansion (2017-2022)
- A period of substantial expansion in the P/S ratio is observed from 2017 to 2022. The ratio increased dramatically from 8.76 in 2017 to a peak of 26.45 in 2022. This surge indicates a significant re-evaluation of the company by investors, potentially driven by strong revenue growth, positive market outlook, or increased investor expectations. The ratio reached 15.07 in 2018 and 17.31 in 2020, demonstrating continued investor enthusiasm.
- Recent Stabilization (2023-2026)
- Following the peak in 2022, the P/S ratio experienced a decrease to 21.33 in 2023, followed by 24.55 in 2024, 22.01 in 2025, and stabilizing at 22.01 in 2026. This suggests a potential correction or a more realistic valuation after the rapid growth experienced in prior years. While still elevated compared to earlier periods, the stabilization indicates a more measured investor outlook.
Overall, the P/S ratio demonstrates a long-term upward trend, punctuated by periods of volatility. The most significant increase occurred between 2017 and 2022, followed by a period of stabilization. The fluctuations in the ratio likely reflect changes in the company’s performance, market conditions, and investor sentiment.
Comparison to Competitors
NVIDIA Corp., P/S, long-term trends, comparison to competitors
| NVIDIA Corp. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 25, 2026 | |||||||||||
| Feb 26, 2025 | |||||||||||
| Feb 21, 2024 | |||||||||||
| Feb 24, 2023 | |||||||||||
| Mar 18, 2022 | |||||||||||
| Feb 26, 2021 | |||||||||||
| Feb 20, 2020 | |||||||||||
| Feb 21, 2019 | |||||||||||
| Feb 28, 2018 | |||||||||||
| Mar 1, 2017 | |||||||||||
| Mar 17, 2016 | |||||||||||
| Mar 12, 2015 | |||||||||||
| Mar 13, 2014 | |||||||||||
| Mar 12, 2013 | |||||||||||
| Mar 13, 2012 | |||||||||||
| Mar 16, 2011 | |||||||||||
| Mar 18, 2010 | |||||||||||
| Mar 13, 2009 | |||||||||||
| Mar 21, 2008 | |||||||||||
| Mar 16, 2007 | |||||||||||
| Mar 16, 2006 | |||||||||||
| Mar 22, 2005 |
Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
NVIDIA Corp., P/S, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| NVIDIA Corp. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Feb 25, 2026 | ||
| Feb 26, 2025 | ||
| Feb 21, 2024 | ||
| Feb 24, 2023 | ||
| Mar 18, 2022 | ||
| Feb 26, 2021 | ||
| Feb 20, 2020 | ||
| Feb 21, 2019 | ||
| Feb 28, 2018 | ||
| Mar 1, 2017 | ||
| Mar 17, 2016 | ||
| Mar 12, 2015 | ||
| Mar 13, 2014 | ||
| Mar 12, 2013 | ||
| Mar 13, 2012 | ||
| Mar 16, 2011 | ||
| Mar 18, 2010 | ||
| Mar 13, 2009 | ||
| Mar 21, 2008 | ||
| Mar 16, 2007 | ||
| Mar 16, 2006 | ||
| Mar 22, 2005 |
Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).
Comparison to Industry (Information Technology)
NVIDIA Corp., P/S, long-term trends, comparison to industry (information technology)
| NVIDIA Corp. | Information Technology | |
|---|---|---|
| Feb 25, 2026 | ||
| Feb 26, 2025 | ||
| Feb 21, 2024 | ||
| Feb 24, 2023 | ||
| Mar 18, 2022 | ||
| Feb 26, 2021 | ||
| Feb 20, 2020 | ||
| Feb 21, 2019 | ||
| Feb 28, 2018 | ||
| Mar 1, 2017 | ||
| Mar 17, 2016 | ||
| Mar 12, 2015 | ||
| Mar 13, 2014 | ||
| Mar 12, 2013 | ||
| Mar 13, 2012 | ||
| Mar 16, 2011 | ||
| Mar 18, 2010 | ||
| Mar 13, 2009 | ||
| Mar 21, 2008 | ||
| Mar 16, 2007 | ||
| Mar 16, 2006 | ||
| Mar 22, 2005 |
Based on: 10-K (reporting date: 2026-01-25), 10-K (reporting date: 2025-01-26), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-25), 10-K (reporting date: 2014-01-26), 10-K (reporting date: 2013-01-27), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-25), 10-K (reporting date: 2008-01-27), 10-K (reporting date: 2007-01-28), 10-K (reporting date: 2006-01-29), 10-K (reporting date: 2005-01-30).