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NovaNVMI -3.82%96 EV-to-FCF is 70.16 as of Jul. 25, 2026, which is 125% above its 10-year median of 31.24. GuruFocus rates NVMI with a GF Score™ of 96/100 and a GF Value™ of $312.15 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 501 Semiconductors companies, Nova ranks worse than 67.07% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nova's Enterprise Value is $13,628.6 Mil.
Nova's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $194.3 Mil. Therefore, Nova's EV-to-FCF for today is 70.16.
The historical rank and industry rank for Nova's EV-to-FCF or its related term are showing as below:
NVMI'
s EV-to-FCF Range Over the Past 10 Years
Min: -55.24 Med: 31.24 Max: 101.83
Current: 70.16
During the past 13 years, the highest EV-to-FCF of Nova was 101.83. The lowest was -55.24. And the median was 31.24.
NVMI's EV-to-FCF is ranked worse than 67.07% of 501
companies
in the Semiconductors industry
Industry Median: 42.4
vs NVMI: 70.16
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-25), Nova's stock price is $437.87.
Nova's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $8.020. Therefore, Nova's PE Ratio (TTM) for today is 54.60.
Nova (NAS:NVMI) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Nova's share price for today is $437.87.
Nova's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $8.020.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Nova EV-to-FCF Related Terms
Nova EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Nova's EV-to-FCF 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.
For the Semiconductor Equipment & Materials subindustry, Nova's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Nova EV-to-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Nova's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Nova's EV-to-FCF falls into.
Nova's current Enterprise Value is $13,628.6 Mil.
Nova's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $194.3 Mil.
* 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.
Nova (NVMI) has a EV-to-FCF of 70.16 as of Jul. 25, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nova and its competitors. This is 125% above median its historical median of 31.24. According to the industry distribution chart, Nova ranks #336 out of 501 companies in the Semiconductors industry, placing it in the top 67.1%.
Is Nova's EV-to-FCF too high?
Nova's current EV-to-FCF of 70.16 is 125% above median its 10-year median of 31.24. The Semiconductors industry median EV-to-FCF is 42.40. Nova's value of 70.16 is 65.5% above this industry median. Based on the distribution chart, Nova ranks #336 out of 501 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Nova has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nova's EV-to-FCF compare to ONTO and AMKR?
According to the Semiconductors industry distribution chart, Nova ranks #336 out of 501 companies for EV-to-FCF. This places Nova in the lower half of its industry. The industry median EV-to-FCF is 42.40. Nova's value of 70.16 is 65.5% above this benchmark. While the company's 10-year median is 31.24 vs. the industry median of 42.40, Nova 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 EV-to-FCF for a Semiconductors company?
The median EV-to-FCF among Semiconductors companies is 42.40, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nova's current EV-to-FCF of 70.16 is 65.5% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nova and its competitors. For the Semiconductors industry, the median EV-to-FCF is 42.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nova's current EV-to-FCF is 70.16, which is 125% above median its own 10-year median of 31.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nova stock overvalued right now?
Based on GuruFocus' analysis, Nova (NVMI) is currently considered Significantly Overvalued. The stock's GF Value™ is $312.15, compared to a current price of $437.87 — trading 40.3% above its estimated fair value. The current EV-to-FCF is 70.16, which is 125% above median its 10-year median of 31.24 and 65.5% above the Semiconductors industry median of 42.40. Nova's overall GF Score™ is 96/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Nova (NVMI), the current EV-to-FCF is 70.16 as of Jul. 25, 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 Nova (NVMI) Overvalued in 2026?
Based on GuruFocus' analysis, Nova stock appears to be overvalued.
The current stock price of $437.87 is trading 40.3% above its estimated GF Value™ of $312.15.
GuruFocus considers Nova to be Significantly Overvalued.
Key valuation signals for NVMI:
EV-to-FCF: 70.16 (125% above median its 10-year median of 31.24)
GF Value™: $312.15 vs. price of $437.87 (40.3% above fair value)
Industry Position: 65.5% above the Semiconductors median (#336 of 501)
No single metric tells the full story. See the NVMI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nova Ltd is a provider of metrology and process control solutions used in semiconductor manufacturing. The company provides high-performance metrology solutions across the semiconductor fabrication lifecycle and develops differentiated inline metrology solutions deployed by a broad range of customers, including integrated circuit manufacturers. Its portfolio combines high-precision hardware and software, enabling customers to improve device performance, enhance yields, and accelerate time to market. Its products include Dimensional Metrology, Materials Metrology, Chemical Metrology, and Software Solutions. The company operates in China, Taiwan, R.O.C., the United States and other regions, with maximum revenue coming from China.
96GF Score
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