NVE price to free cash flow NVEC
Market value divided by free cash flow over the last twelve months, since 2012.
- Today, Oct 23, 2026
- 18.9×
- 10-year median
- 23.7×
- Against its 10-year history
- 11th
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 14.6× to 94.8×
- Peer median
- 24.9×
NVE's price to free cash flow is 18.9× as of Oct 23, 2026.
That is below its ten-year median of 23.7×, lower than on 89% of days in the last ten years.
Over that time it ranged from 14.6× in Mar 2020 to 94.8× in May 2026.
The median for 10 semiconductor stocks of a similar size is 24.9×.
Price to free cash flow over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 18.9× | 18.9× | 94.8× |
| 2025 | 22.6× | 20.0× | 29.5× |
| 2024 | 27.1× | 18.4× | 27.2× |
| 2023 | 19.7× | 17.0× | 25.9× |
| 2022 | 20.9× | 16.2× | 23.1× |
| 2021 | 23.3× | 21.9× | 25.2× |
| 2020 | 16.5× | 14.6× | 26.2× |
| 2019 | 26.0× | 22.0× | 32.5× |
| 2018 | 26.5× | 25.7× | 39.6× |
| 2017 | 30.1× | 27.1× | 33.5× |
| 2016 | 29.2× | 14.2× | 29.2× |
| 2015 | 17.7× | 14.9× | 26.4× |
| 2014 | 25.9× | 18.2× | 27.2× |
| 2013 | 24.4× | 21.0× | 26.5× |
| 2012 | 24.0× | 21.4× | 29.0× |
Against its peers
Companies in Semiconductors nearest NVE's size, closest first, today.
| Company | Price to free cash flow |
|---|---|
| NVECNVE | 18.9× |
| ERIIEnergy Recovery | 8.8× |
| ASYSAmtech Systems | 24.9× |
| KOPNKopin | n/m |
| SHLSShoals Technologies | n/m |
| CRCTCricut | n/m |
| SOTKSono TEK | 11.5× |
| PLABPhotronics | 15.0× |
| VECOVeeco Instruments | 30.2× |
| POWIPower Integrations | 33.2× |
| IPGPIPG Photonics | 145× |
| Peer median | 24.9× |
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 NVE
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.