NVE Corporation (NVEC) Key Metrics
NVEC valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $479.5M
- Enterprise value
- $506.1M
- P/E (TTM)
- 26.6 10-yr median 23.2
- Forward P/E
- 21.1
- PEG ratio
- 0.84
- Price / sales
- 15.3 10-yr median 12.8
- Price / book
- 8.8 10-yr median 4.9
- EV / EBITDA
- 25.3 10-yr median 17.9
- Dividend yield
- 4.04% $4.00 a year
- Beta
- 1.29
NVEC key metrics, FY2017–FY2026
Fiscal year ended March 31, 2026 · U.S. dollarsNVEC valuation Price multiples at each fiscal year-end price.
NVEC returns How much profit the business earns on the capital it uses.
NVEC per-share figures Results divided by the shares outstanding at year-end.
NVEC financial health Debt, liquidity and how easily interest is covered.
NVEC efficiency & capital use Working capital cycle and where the cash goes.
NVEC valuation history
NVEC returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
NVEC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
NVEC cash returned to shareholders
NVEC price vs earnings per share
NVEC key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $317.0M | $308.4M | $436.4M | $401.0M | $263.4M | $338.9M | $252.2M | $474.8M | $402.8M | $400.6M |
| Enterprise value | $298.0M | $287.6M | $414.6M | $384.4M | $232.7M | $321.5M | $225.9M | $455.5M | $377.2M | $372.8M |
| P/E ratio | 20.9 | 20.5 | 25.5 | 17.7 | 18.2 | 29.0 | 17.4 | 32.7 | 28.9 | 30.9 |
| Price / sales | 12.0 | 11.9 | 14.6 | 10.5 | 9.8 | 15.9 | 9.9 | 17.9 | 13.5 | 14.1 |
| Price / book | 5.4 | 5.0 | 6.7 | 6.0 | 4.1 | 4.8 | 3.2 | 5.7 | 4.7 | 4.3 |
| Price / free cash flow | 21.9 | 23.6 | 23.9 | 22.1 | 21.9 | 25.5 | 15.9 | 33.6 | 27.7 | 33.8 |
| Price / operating cash flow | 19.0 | 21.6 | 23.9 | 21.0 | 21.1 | 25.4 | 15.9 | 33.4 | 26.6 | 32.4 |
| EV / sales | 11.3 | 11.1 | 13.9 | 10.0 | 8.6 | 15.0 | 8.9 | 17.2 | 12.6 | 13.2 |
| EV / EBITDA | 16.3 | 15.7 | 20.0 | 14.8 | 13.9 | 24.2 | 14.1 | 27.4 | 19.4 | 20.0 |
| EV / free cash flow | 20.6 | 22.0 | 22.7 | 21.2 | 19.4 | 24.2 | 14.3 | 32.2 | 25.9 | 31.4 |
| Earnings yield | 4.8% | 4.9% | 3.9% | 5.7% | 5.5% | 3.5% | 5.8% | 3.1% | 3.5% | 3.2% |
| Free cash flow yield | 4.6% | 4.2% | 4.2% | 4.5% | 4.6% | 3.9% | 6.3% | 3.0% | 3.6% | 3.0% |
| Dividend yield | 6.1% | 6.3% | 4.4% | 4.8% | 7.3% | 5.7% | 7.7% | 4.1% | 4.8% | 4.8% |
| Shareholder yield (dividends + buybacks) | 6.1% | 6.3% | 4.4% | 4.8% | 7.4% | 5.7% | 8.0% | 4.1% | 4.8% | 4.8% |
| Share price at fiscal year-end | $65.50 | $63.74 | $90.18 | $82.99 | $54.47 | $70.10 | $52.03 | $97.89 | $83.11 | $82.79 |
| Per share | ||||||||||
| Revenue per share | $5.44 | $5.35 | $6.16 | $7.92 | $5.58 | $4.42 | $5.24 | $5.46 | $6.16 | $5.85 |
| Earnings per share | $3.14 | $3.11 | $3.54 | $4.70 | $3.00 | $2.42 | $3.00 | $2.99 | $2.87 | $2.68 |
| Operating cash flow per share | $3.44 | $2.96 | $3.77 | $3.95 | $2.59 | $2.76 | $3.28 | $2.93 | $3.13 | $2.56 |
| Free cash flow per share | $2.99 | $2.70 | $3.77 | $3.76 | $2.49 | $2.75 | $3.27 | $2.92 | $3.00 | $2.45 |
| Cash per share | $4.10 | $4.49 | $4.59 | $3.56 | $6.47 | $3.75 | $5.60 | $3.99 | $5.27 | $5.74 |
| Book value per share | $12.04 | $12.87 | $13.55 | $13.88 | $13.35 | $14.66 | $16.09 | $17.07 | $17.84 | $19.16 |
| Tangible book value per share | $12.04 | $12.87 | $13.55 | $12.53 | $12.38 | $14.66 | $15.53 | $16.45 | $17.84 | $19.16 |
| Dividends per share | $4.00 | $4.00 | $3.99 | $4.00 | $4.00 | $4.00 | $4.00 | $3.99 | $4.00 | $4.00 |
| Capex per share | $0.45 | $0.26 | $0.00 | $0.19 | $0.10 | $0.01 | $0.01 | $0.01 | $0.12 | $0.11 |
| Debt per share | $0.19 | $0.19 | $0.07 | $0.11 | $0.12 | $0.15 | $0.17 | — | $0.00 | — |
| Shares outstanding | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.8M | 4.9M | 4.8M | 4.8M |
| Change in shares outstanding | +0.0% | −0.0% | +0.2% | −0.1% | +0.0% | −0.3% | −0.1% | +0.1% | +0.2% | −0.3% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 25.2% | 23.6% | 25.8% | 34.5% | 21.4% | 15.7% | 18.1% | 17.1% | 15.5% | 13.5% |
| Return on invested capital (ROIC) | 33.6% | 31.4% | 32.9% | 51.0% | 31.0% | 19.9% | 22.6% | 21.0% | 20.4% | 17.3% |
| Return on assets (ROA) | 24.3% | 23.0% | 25.2% | 33.2% | 20.7% | 15.4% | 17.8% | 17.0% | 15.4% | 13.3% |
| Return on tangible assets | 25.0% | 23.4% | 25.6% | 36.2% | 23.1% | 16.1% | 18.9% | 18.0% | 15.9% | 13.8% |
| Free cash flow margin | 54.9% | 50.4% | 61.2% | 47.5% | 44.5% | 62.3% | 62.3% | 53.5% | 48.7% | 41.9% |
| Income quality (OCF / net income) | 1.10 | 0.95 | 1.07 | 0.84 | 0.86 | 1.14 | 1.09 | 0.98 | 1.09 | 0.96 |
| Financial health | ||||||||||
| Total debt | $905,539 | $921,231 | $355,147 | $518,706 | $602,139 | $731,732 | $833,734 | — | $0 | — |
| Cash & short-term investments | $19.8M | $21.7M | $22.2M | $17.2M | $31.3M | $18.1M | $27.2M | $19.4M | $25.5M | $27.8M |
| Net debt | −$18.9M | −$20.8M | −$21.8M | −$16.7M | −$30.7M | −$17.4M | −$26.3M | −$19.4M | −$25.5M | −$27.8M |
| Debt / equity | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | — | 0.00 | — |
| Debt / assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | — | 0.00 | — |
| Net debt / EBITDA | −1.04 | −1.13 | −1.05 | −0.64 | −1.83 | −1.31 | −1.64 | −1.16 | −1.31 | −1.49 |
| Current ratio | 28.21 | 28.40 | 32.05 | 16.80 | 16.90 | 23.71 | 43.19 | 32.84 | 33.03 | 32.13 |
| Quick ratio | 22.00 | 22.03 | 25.14 | 13.30 | 14.82 | 19.92 | 38.31 | 27.73 | 29.35 | 29.06 |
| Interest coverage | — | — | — | 17.7 | 13.9 | 6.2 | 6.6 | 8.9 | 11.8 | 10.6 |
| Working capital | $31.0M | $32.0M | $32.2M | $29.0M | $39.0M | $23.3M | $33.6M | $26.6M | $31.7M | $34.1M |
| Invested capital | $39.3M | $41.5M | $43.7M | $50.4M | $33.9M | $53.5M | $51.7M | $63.4M | $60.9M | $64.9M |
| Tangible asset value | $58.2M | $62.3M | $65.6M | $60.6M | $59.9M | $70.9M | $75.3M | $79.8M | $86.4M | $92.7M |
| Net current asset value | $29.6M | $31.2M | $32.0M | $28.6M | $38.6M | $22.8M | $32.9M | $26.6M | $31.7M | $34.1M |
| Graham number | $29.17 | $30.02 | $32.84 | $38.30 | $30.02 | $28.25 | $32.94 | $33.89 | $33.94 | $33.96 |
| Graham net-net per share | $4.89 | $5.40 | $5.56 | $4.78 | $7.13 | $4.12 | $6.11 | $4.72 | $5.89 | $6.40 |
| Capital allocation | ||||||||||
| Dividends paid | $19.3M | $19.3M | $19.3M | $19.3M | $19.3M | $19.3M | $19.4M | $19.4M | $19.4M | $19.3M |
| Share buybacks (net) | — | — | $0 | $20,700 | $163,521 | $91,419 | $687,432 | $0 | $0 | $0 |
| Dividend payout ratio | 127.3% | 128.4% | 112.9% | 85.1% | 133.3% | 165.3% | 133.4% | 133.5% | 139.2% | 149.4% |
| Dividends + buybacks / free cash flow | 133.7% | 148.2% | 106.0% | 106.5% | 162.2% | 146.1% | 126.7% | 136.9% | 133.1% | 163.1% |
| Capex / revenue | 8.3% | 4.9% | 0.1% | 2.4% | 1.8% | 0.3% | 0.2% | 0.3% | 2.0% | 1.8% |
| Capex / operating cash flow | 13.1% | 8.8% | 0.1% | 4.9% | 3.9% | 0.5% | 0.3% | 0.5% | 4.0% | 4.2% |
| Capex / depreciation | 4.76 | 3.88 | 0.05 | 4.76 | 1.14 | 0.12 | 0.09 | 0.10 | 0.62 | 0.45 |
| Stock-based compensation / revenue | 0.4% | 0.6% | 0.5% | 0.2% | 0.3% | 0.2% | 0.2% | 0.4% | 0.1% | 0.1% |
| R&D / revenue | 4.2% | 14.1% | 9.2% | 6.8% | 10.8% | 14.9% | 14.5% | 15.5% | 12.4% | 11.8% |
| SG&A / revenue | 6.3% | 7.8% | 5.9% | 5.1% | 5.4% | 6.2% | 5.2% | 4.6% | 4.8% | 5.1% |
| Efficiency | ||||||||||
| Days sales outstanding | 51.7 | 47.5 | 59.2 | 53.6 | 45.1 | 39.8 | 40.9 | 40.6 | 38.7 | 36.6 |
| Days of inventory on hand | 473.6 | 629.4 | 365.8 | 260.4 | 261.9 | 344.7 | 304.2 | 276.9 | 203.8 | 197.1 |
| Days payables outstanding | 16.1 | 14.7 | 11.0 | 27.7 | 37.3 | 23.2 | 21.0 | 27.6 | 23.0 | 20.8 |
| Cash conversion cycle (days) | 509.2 | 662.1 | 414.0 | 286.3 | 269.7 | 361.3 | 324.1 | 289.9 | 219.5 | 212.8 |
| Receivables turnover | 7.07 | 7.68 | 6.17 | 6.81 | 8.09 | 9.17 | 8.93 | 9.00 | 9.44 | 9.97 |
| Payables turnover | 22.70 | 24.78 | 33.13 | 13.16 | 9.79 | 15.74 | 17.39 | 13.20 | 15.86 | 17.51 |
| Inventory turnover | 0.77 | 0.58 | 1.00 | 1.40 | 1.39 | 1.06 | 1.20 | 1.32 | 1.79 | 1.85 |
| Asset turnover | 0.42 | 0.39 | 0.44 | 0.56 | 0.39 | 0.28 | 0.31 | 0.31 | 0.33 | 0.29 |
| Average receivables | $3.7M | $3.4M | $4.8M | $5.6M | $3.3M | $2.3M | $2.8M | $2.9M | $3.2M | $2.8M |
| Average payables | $246,645 | $170,922 | $204,432 | $612,624 | $640,063 | $261,792 | $281,090 | $395,079 | $395,622 | $347,132 |
| Average inventory | $7.3M | $7.3M | $6.8M | $5.8M | $4.5M | $3.9M | $4.1M | $4.0M | $3.5M | $3.3M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 9.4% | 7.0% | 0.0% | 3.4% | 3.6% | 0.0% | 0.0% |
Computed from NVEC's annual financial statements (latest annual report filed May 6, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
NVEC valuation and financial ratios
At the end of fiscal 2026 (March 31, 2026), NVE traded at 20.9 times earnings, against a 10-year median of 23.2. Based on the latest twelve months, the trailing P/E is 26.6 and the forward P/E is 21.1. NVE earned a return on equity of 25.2% and a return on invested capital of 33.6% in fiscal 2026. It ended the year with $0.9 million of debt and $19.8 million in cash and short-term investments, a net cash position of $18.9 million. It returned $19.3 million to shareholders: $19.3 million in dividends and $0 in share buybacks, 134% of free cash flow.
See the NVEC income statement, the NVEC chart for price history, or the NVEC stock overview for the latest quote and news.
NVEC key metrics FAQ
What is NVE's P/E ratio?
NVE's trailing P/E ratio is 26.6 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 21.1. At the end of fiscal 2026 it was 20.9, compared with a 10-year median of 23.2.
What is NVE's EV/EBITDA?
NVE's enterprise value was 16.3 times EBITDA at the end of fiscal 2026 (enterprise value $298.0 million, EBITDA $18.3 million); the current EV/EBITDA is 25.3.
What is NVE's return on equity?
NVE's return on equity (ROE) was 25.2% in fiscal 2026: net income of $15.2 million on average shareholders' equity of $60.3 million.
What is NVE's ROIC?
NVE's return on invested capital was 33.6% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does NVE have?
NVE had total debt of $0.9 million at the end of fiscal 2026, a debt-to-equity ratio of 0.02 and more cash than debt.
What is NVE's dividend yield?
NVE's forward dividend yield is 4.04%. NVE paid $19.3 million in dividends in fiscal 2026 ($4.00 per share), a payout ratio of 127.3%.
What is NVE's free cash flow yield?
NVE generated $14.5 million of free cash flow in fiscal 2026, a free cash flow yield of 4.6% on its market value at year-end ($317.0 million).
What is NVE's current ratio?
NVE's current ratio was 28.21 at the end of fiscal 2026: current assets were 28.21 times current liabilities.