NVIDIA price to free cash flow NVDA

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 40.0×
10-year median: 57.4×
Against its 10-year history: 16th; percentile: 0 is its lowest day, 100 its highest
10-year range: 23.3× to 226×
Peer median: 39.0×

NVIDIA's price to free cash flow is 40.0× as of Oct 23, 2026.

That is below its ten-year median of 57.4×, lower than on 84% of days in the last ten years.

Over that time it ranged from 23.3× in Dec 2018 to 226× in Jul 2023.

The median for 3 semiconductor stocks of a similar size is 39.0×.

Price to free cash flow over time

median 57.4×

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	40.0×	39.1×	60.1×
2025	59.9×	37.8×	68.3×
2024	59.3×	53.9×	102×
2023	69.8×	66.0×	226×
2022	74.4×	44.6×	95.2×
2021	103×	65.8×	124×
2020	76.4×	29.5×	79.4×
2019	39.7×	24.5×	51.7×
2018	24.0×	23.3×	52.9×
2017	60.6×	41.5×	60.6×
2016	43.6×	13.8×	44.7×
2015	17.7×	11.9×	18.1×
2014	15.9×	13.6×	18.4×
2013	13.8×	10.3×	14.3×
2012	12.5×	9.7×	15.3×
2011	10.3×	10.0×	58.1×
2010	34.9×	17.0×	34.9×

Against its peers

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

Company	Price to free cash flow
NVDANVIDIA	40.0×
AVGOBroadcom	39.0×
MUMicron Technology	16.8×
AMDAdvanced Micro Devices	100×
Peer median	39.0×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

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.