GROWTH
Top line decelerating.
+65.5% YoY versus +114.2% prior. 3y CAGR +100.0%.
+65.5%
NVIDIA Corporation NVDA
Technology · Market Cap: $4.97T
$210.69▲ 6.04 (2.95%)
Fundamentals as of 2026-04-26
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Technology · Market Cap: $4.97T
Fundamentals as of 2026-04-26
All analysis on this page is for educational purposes only and does not constitute financial advice. Fair values are model-based estimates. Always do your own research.
The Question
Yes — NVIDIA Corporation's 81.7% ROE ranks above the S&P 500 median, and D/E 0.33 stays within healthy bounds.
Financial story
Yes — NVIDIA Corporation's 81.7% ROE shows strong capital efficiency, and its 0.33 debt-to-equity stays within healthy bounds.
Bottom line: NVDA currently has no legendary investor models qualifying — see /stock/NVDA/valuation for the per-model breakdown, but earns a B sector grade (69/100) in Technology. Use the per-tab analysis to form your own view. Drill into the valuation breakdown and sector ranking for the full picture.
+65.5% YoY versus +114.2% prior. 3y CAGR +100.0%.
+65.5%Net margin 55.6% versus 55.8% prior (−0.2pp). Operating 60.4%.
55.6%P/E 31.4x — 38% below the 5y median of 50.4x. Forward 44.9x signals EPS contraction next year.
31.4x0 of 6 legendary investor models rate NVDA a BUY. Fair value estimates and full investor breakdown are in the valuation tab.
NVIDIA Corporation's fair value depends on which model you trust. See the per-investor fair-value table in the valuation tab.
NVDA trades at 33.0x earnings. Sector context and per-investor signals are in the valuation tab.
NVDA and AAPL differ on P/E, ROE, and revenue growth. See the full NVDA vs AAPL compare matrix.
Investor verdicts for NVDA are listed in the valuation tab. Per-model fair value and reasoning are in the valuation tab.
NVDA's P/E ratio is 33.0x. 5-year P/E history is in the
How does NVDA compare?
Strength. Data Center +92% to $75.2B, 74.9% gross margins and a $91B guide — the AI buildout still runs through one company.
Risk. At ~$4.97T the price assumes the run continues, while custom ASICs and a $0 China outlook chip at the moat.
See exactly where NVDA ranks
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Sign in to see the rankingNVDA sits at #2 in Technology with a B grade (69/100).
The market is repricing backlog quality, not backlog size. Oracle's headline numbers were strong — total cloud revenue around $9.9 billion (up roughly 47%), OCI up about 93%, and a remaining-performance-obligation balance near $638 billion — yet the stock fell roughly 10% the day after the print. That gap between fundamentals and price action is the whole story.
The smoking-gun datapoint: of that ~$638 billion backlog, roughly $300 billion (about 47%) is reportedly tied to a single counterparty, OpenAI, largely through the Stargate buildout. A backlog that concentrated is worth a lower multiple than a diversified one, because the variance of outcomes is wider — one renegotiation, funding gap, or timeline slip moves a disproportionate share of future revenue.
Forward read (1-4 quarters): the bull/bear debate now centers on cash conversion. Oracle spent roughly $55.7 billion in fiscal 2026 and guided to about $70 billion in fiscal 2027. That capex is front-loaded ahead of the revenue it supports, compressing near-term free cash flow and lifting leverage — so even with revenue growth accelerating, the equity can de-rate as investors demand a higher risk premium on the OpenAI exposure.
Counter-narrative: bulls argue the concentration is a feature, not a bug — a multi-year, contractually committed anchor tenant that underwrites the capex and would be hard for any rival cloud to replicate. If OpenAI's compute demand holds, the backlog converts and today's multiple looks cheap in hindsight. The risk is closer to binary, which is exactly why the multiple, not the growth rate, is doing the moving.
