NVDA (NVIDIA) Cyclically Adjusted PS Ratio: 77.88 (As of Jul. 08, 2026) — 96% Above Median


NVDA NVIDIA Corp NVDA
95 GF Score
Price $202.48
GF Value $356.82
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is NVIDIA Cyclically Adjusted PS Ratio?

NVIDIA NVDA +2.82% 95 Cyclically Adjusted PS Ratio is 77.88 as of Jul. 08, 2026, which is 96% above its 10-year median of 39.77. GuruFocus rates NVDA with a GF Score™ of 95/100 and a GF Value™ of $356.82 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 733 Semiconductors companies, NVIDIA ranks worse than 98.36% on this metric.

As of today (2026-07-08), NVIDIA's current share price is $202.4799. NVIDIA's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was $2.60. NVIDIA's Cyclically Adjusted PS Ratio for today is 77.88.

The historical rank and industry rank for NVIDIA's Cyclically Adjusted PS Ratio or its related term are showing as below:

NVDA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 7.32   Med: 39.77   Max: 143.35
Current: 75.84

During the past years, NVIDIA's highest Cyclically Adjusted PS Ratio was 143.35. The lowest was 7.32. And the median was 39.77.

NVDA's Cyclically Adjusted PS Ratio is ranked worse than
98.36% of 733 companies
in the Semiconductors industry
Industry Median: 3.4 vs NVDA: 75.84

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

NVIDIA's adjusted revenue per share data for the three months ended in Apr. 2026 was $3.346. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $2.60 for the trailing ten years ended in Apr. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


NVIDIA  (NAS:NVDA) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


NVIDIA Cyclically Adjusted PS Ratio Related Terms


NVIDIA Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for NVIDIA's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NVIDIA Cyclically Adjusted PS Ratio Chart

NVIDIA Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54.57 34.63 76.53 90.28 86.22

NVIDIA Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.89 104.06 104.19 86.22 76.85

NVDA vs AVGO, MU, AMD: Cyclically Adjusted PS Ratio Comparison

For the Semiconductors subindustry, NVIDIA's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


NVIDIA Cyclically Adjusted PS Ratio vs Semiconductors Industry

For the Semiconductors industry and Technology sector, NVIDIA's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where NVIDIA's Cyclically Adjusted PS Ratio falls into.


NVDA
95GF Score
NVIDIA Corp NVDA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NVIDIA Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

NVIDIA's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=202.4799/2.60
=77.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NVIDIA's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, NVIDIA's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=3.346/333.0200*333.0200
=3.346

Current CPI (Apr. 2026) = 333.0200.

NVIDIA Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 0.056 240.628 0.078
201610 0.077 241.729 0.106
201701 0.079 242.839 0.108
201704 0.076 244.524 0.104
201707 0.088 244.786 0.120
201710 0.105 246.663 0.142
201801 0.116 247.867 0.156
201804 0.128 250.546 0.170
201807 0.125 252.006 0.165
201810 0.127 252.885 0.167
201901 0.089 251.712 0.118
201904 0.090 255.548 0.117
201907 0.105 256.571 0.136
201910 0.122 257.346 0.158
202001 0.125 257.971 0.161
202004 0.124 256.389 0.161
202007 0.154 259.101 0.198
202010 0.188 260.388 0.240
202101 0.198 261.582 0.252
202104 0.224 267.054 0.279
202107 0.257 273.003 0.313
202110 0.280 276.589 0.337
202201 0.300 281.148 0.355
202204 0.327 289.109 0.377
202207 0.266 296.276 0.299
202210 0.237 298.012 0.265
202301 0.244 299.170 0.272
202304 0.289 303.363 0.317
202307 0.540 305.691 0.588
202310 0.727 307.671 0.787
202401 0.886 308.417 0.957
202404 1.046 313.548 1.111
202407 1.209 314.540 1.280
202410 1.416 315.664 1.494
202501 1.592 317.671 1.669
202504 1.790 320.795 1.858
202507 1.905 323.048 1.964
202510 2.328 0.000
202601 2.789 325.252 2.856
202604 3.346 333.020 3.346

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 77.88 mean?
NVIDIA (NVDA) has a Cyclically Adjusted PS Ratio of 77.88 as of Jul. 08, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on NVIDIA and its competitors. This is 96% above median its historical median of 39.77. Over the past decade, NVIDIA's Cyclically Adjusted PS Ratio has ranged from 7.32 to 143.35. According to the industry distribution chart, NVIDIA ranks #721 out of 733 companies in the Semiconductors industry, placing it in the top 98.4%.
Is NVIDIA's Cyclically Adjusted PS Ratio too high?
NVIDIA's current Cyclically Adjusted PS Ratio of 77.88 is 96% above median its 10-year median of 39.77. Over the past 10 years, this metric has ranged from a low of 7.32 to a high of 143.35. The Semiconductors industry median Cyclically Adjusted PS Ratio is 3.40. NVIDIA's value of 77.88 is 2190.6% above this industry median. Based on the distribution chart, NVIDIA ranks #721 out of 733 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, NVIDIA has a GF Score™ of 95/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does NVIDIA's Cyclically Adjusted PS Ratio compare to AVGO and MU?
According to the Semiconductors industry distribution chart, NVIDIA ranks #721 out of 733 companies for Cyclically Adjusted PS Ratio. This places NVIDIA in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 3.40. NVIDIA's value of 77.88 is 2190.6% above this benchmark. Historically, NVIDIA's own Cyclically Adjusted PS Ratio has ranged from 7.32 to 143.35 over the past decade. While the company's 10-year median is 39.77 vs. the industry median of 3.40, NVIDIA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Semiconductors company?
The median Cyclically Adjusted PS Ratio among Semiconductors companies is 3.40, based on 733 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. NVIDIA's current Cyclically Adjusted PS Ratio of 77.88 is 2190.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on NVIDIA and its competitors. For the Semiconductors industry, the median Cyclically Adjusted PS Ratio is 3.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NVIDIA's current Cyclically Adjusted PS Ratio is 77.88, which is 96% above median its own 10-year median of 39.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NVIDIA stock overvalued right now?
Based on GuruFocus' analysis, NVIDIA (NVDA) is currently considered Possible Value Trap. The stock's GF Value™ is $356.82, compared to a current price of $202.48 — trading 43.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 77.88, which is 96% above median its 10-year median of 39.77 and 2190.6% above the Semiconductors industry median of 3.40. NVIDIA's overall GF Score™ is 95/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For NVIDIA (NVDA), the current Cyclically Adjusted PS Ratio is 77.88 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NVIDIA (NVDA) Overvalued in 2026?

Based on GuruFocus' analysis, NVIDIA stock appears to be undervalued. The current stock price of $202.48 is trading 43.3% below its estimated GF Value™ of $356.82. GuruFocus considers NVIDIA to be Possible Value Trap.

Key valuation signals for NVDA:

  • Cyclically Adjusted PS Ratio: 77.88 (96% above median its 10-year median of 39.77)
  • GF Value™: $356.82 vs. price of $202.48 (43.3% below fair value)
  • GF Score™: 95/100 with 3 warning signs
  • Industry Position: 2190.6% above the Semiconductors median (#721 of 733)

No single metric tells the full story. See the NVDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


NVIDIA Business Description

Address 2788 San Tomas Expressway, Santa Clara, CA, USA, 95051
Nvidia is a leading developer of graphics processing units. Traditionally, GPUs were used to enhance the experience on computing platforms, most notably in gaming applications on PCs. GPU use cases have since emerged as important semiconductors used in artificial intelligence to run large language models. Nvidia not only offers AI GPUs, but also a software platform, Cuda, used for AI model development and training. Nvidia is also expanding its data center networking solutions, helping to tie GPUs together to handle complex workloads.
95GF Score

Get the complete analysis for NVDA

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$202.48
Price
$356.82
GF Value