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The latest data point for NVDA's EV/EBITDA ratio, recorded in Q4'26, stands at 32.878, reflecting a continued downward trajectory from the previous quarter's 38.05 in Q3'26 and indicating a more attractive valuation relative to earnings in the most recent period. Over the timeframe from Q1'24 to Q4'26, the EV/EBITDA ratio exhibited a pronounced declining trend, starting at a high of 150.455 in Q1'24 and progressively falling to 32.878, with notable acceleration in the decline during Q3'24 to Q4'25 (from 54.326 to 37.204) before stabilizing around the mid-30s to low-40s in the later quarters. This pattern suggests improving market perceptions of NVDA's operational efficiency and growth prospects, though a slight rebound to 42.749 in Q2'26 highlights intermittent volatility amid broader semiconductor sector dynamics. Overall, the area chart underscores a shift toward more normalized multiples, potentially signaling reduced overvaluation risks for investors.