NVIDIA price to book ratio NVDA

Market value divided by the book value of the company's net assets, since 2009.

Today, Oct 23, 2026: 22.2×
10-year median: 22.1×
Against its 10-year history: 50th; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.1× to 66.0×
Peer median: 12.5×

NVIDIA's price to book ratio is 22.2× as of Oct 23, 2026.

That is above its ten-year median of 22.1×, close to the middle of its last ten years.

Over that time it ranged from 8.1× in Nov 2016 to 66.0× in Jun 2024.

The median for 3 semiconductor stocks of a similar size is 12.5×.

Price to book ratio over time

median 22.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	22.2×	22.2×	39.1×
2025	38.9×	29.0×	53.7×
2024	50.9×	36.5×	66.0×
2023	36.8×	17.1×	47.1×
2022	16.8×	11.7×	28.6×
2021	30.9×	18.3×	39.0×
2020	21.1×	10.3×	25.8×
2019	12.9×	8.5×	13.1×
2018	8.6×	8.3×	23.5×
2017	18.5×	9.8×	21.7×
2016	10.8×	3.1×	11.1×
2015	4.0×	2.3×	4.1×
2014	2.7×	2.0×	2.7×
2013	2.1×	1.6×	2.2×
2012	1.6×	1.6×	2.4×
2011	2.1×	2.0×	5.1×
2010	3.1×	1.8×	4.2×
2009	4.3×	2.8×	4.3×

Against its peers

Companies in Semiconductors nearest NVIDIA's size, closest first, today.

Company	Price to book ratio
NVDANVIDIA	22.2×
AVGOBroadcom	15.4×
MUMicron Technology	7.2×
AMDAdvanced Micro Devices	12.5×
Peer median	12.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on NVIDIA

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.