NASDAQ · NVEC
NVE Corporation
Technology · Semiconductors
$75.56▲ 4.02% ($2.92)at close
After hours$76.00▲ 0.58%7:53 PM ET
Market cap
$366.02M
P/E
20.50
EPS (TTM)
$3.69
Valuation
Cash-flow DCF
Verdict: fairly priced. Price above Base.
The price needs 12.9% free cash flow growth a year for 5 years. Our scenarios assume −9.3–13.4%.
Its past 10 years averaged −1.6% a year.
Value per share
Base case
$43.38
Price used $75.56 is 1.7× this
USD · TTM ending Sep 30, 2026 · Price Oct 26, 8:00 PM UTC
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
3 more notes
CapEx normalization was capped: company appears to be in a multi-year investment cycle. Median-based capex floor applied at 60% of TTM capex.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Reported total debt includes capitalised leases (~100% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
Free cash flow each value needs
Free cash flow today $16.2M. The price needs $35.2M by 2036. Base case: $17.7M. At its recent pace: $13.7M. Bear to Bull: $11.8M to $43.2M.
Free cash flow today $16.2M. The price needs $35.2M by 2036. Base case: $17.7M. At its recent pace: $13.7M. Bear to Bull: $11.8M to $43.2M.
Free cash flow in 2036
today $16.2M
+$17.5Mmore than the Base case · 2.0×
Value per share · Base case
$43.38
Price $75.56
1.7× this
- Stage 1 growth, yrs 1–5
- −1.6%
- Stage 2 growth, yrs 6–10
- 3.5%
- Discount rate
- 10.4%
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
3 more notes
CapEx normalization was capped: company appears to be in a multi-year investment cycle. Median-based capex floor applied at 60% of TTM capex.
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Reported total debt includes capitalised leases (~100% of the total). They are excluded from net debt and from the WACC weights because rent is already charged inside operating income. The Net Debt shown here is therefore lower than the balance-sheet figure elsewhere on this page.
USD · TTM ending Sep 30, 2026 · Price Oct 26, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 4.22% over the last year. Revenue grew 24.06% over the trailing twelve months. Operating margin moved from 59.11% to 61.63%. Free cash flow grew 43.02% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 61.63%. A decisive move in revenue — currently up 24.06% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
NVE Corporation develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information, both in the United States and internationally.
Market multiples
Stock splits
Every 5 shares became 1
Every 5 shares became 1
Profitability & growth
Analyst consensus
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Jan 20, 2027
Q3 FY27 · EPS est — · Revenue est —
Same quarter, year over year
FY27 YTD +38.7%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q2 combined $1.97 vs $1.42 · 1 of 2 quarters up
Q1
Q2
Q3
Q4
FY total
FY27
—
—
—
FY26
FY25
FY24
—
—
—
Fiscal year totals
- FY26
- $3.14
- +1.0%
- FY25
- $3.11
- —
Q2 FY27
Reported Oct 21, 2026 · Latest
HoverTap a cell to inspect
Actual
$0.65
Estimate
—
Year over year
-4.4%
Vs prior quarter
-50.8%
Institutional Sentiment
NVE Corporation · NVEC
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.