# NVE Corporation (NVEC) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $100.40, market value $486 million.

## Valuation
- **P/E (trailing): 27.1×** (5-yr avg 18.3×, 3-yr avg 20.7×). NVE Corporation trades at 27.1× trailing earnings, well above its own five-year average of 18.3×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 35.5×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 15.5×**. Each dollar of revenue is priced at 15.5×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 8.1×**. The shares trade at 8.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -0.9%** (5-yr avg 5.0%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 3.7%**. The inverse of the P/E: 3.7% of the price is earned each year.

## Profitability
- **Gross margin: 79.3%**. NVE Corporation keeps 79.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 62.1%**. 62.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 57.7%**. 57.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 26.1%**. 26.1% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 29.8%**. Each dollar of assets produces 29.8% of profit.

## Growth
- **Revenue growth (1 yr): 1.8%** (3-yr -11.7%/yr, 5-yr 4.3%/yr). Revenue grew 1.8% over the last year, against 4.3% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 1.0%** (3-yr -12.6%/yr, 5-yr 5.3%/yr). Earnings per share rose 1.0%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -7.3%/yr**. Free cash flow has compounded at -7.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Current ratio: 28.21** (quick 28.21). Current assets cover the next year's liabilities 28.21 times.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.97%** ($4.00 per share, trailing). NVE Corporation yields 3.97%, an income-level yield.
- **Payout ratio: 127%**. The dividend exceeds earnings (127% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 0.0%/yr** (1-yr 0.0%). The dividend has not grown over five years.

## Price and momentum
- **Total return (1 yr): 60.2%** (YTD 73.7%, 3-mo -1.7%). The shares are up 60.2% over twelve months including dividends.
- **From 52-week high: -25.6%** (75.5% above the low). Trading 26% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 1.54** (volatility 75%). Beta of 1.54 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=NVEC · Page: https://foliofundamentals.com/stocks/nvec

Not investment advice.