NVE (NVEC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

NVE

NasdaqCM•Technology•Semiconductors

$101.97+1.57(0.02%)Pre-market

Market Cap

$486.38M

P/E

27.0x

P/S

15.6x

P/B

8.1x

NVE Corporation develops and sells devices that use spintronics, a nanotechnology relying on electron spin to acquire, store, and transmit information in the United States. The company manufactures spintronic products, including sensors and couplers for use in sensing and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position, rotation, or speed for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for power conversion, industrial Internet of Things (IIoT), and the Artificial Intelligence of Things (AIoT) markets; DC-to-DC converters for use in energy conversion systems and industrial networks for IIoT and AIoT. Additionally, it undertakes contracts for research and development and licenses spintronic magnetoresistive random access memory technology. The company sells its products through distributors. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.

How this company scores

GoodMetricSide Score: 78/100

Strongest: Profitability (25/25); weakest: Cash & Earnings Quality (15/25).

Profitability25/25

Growth23/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality15/25

Strengths

Growing revenueStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 27.0x5y range 16.3x – 27.1x

Currently near its 20-quarter median.

P/S · 15.6x5y range 9.4x – 15.6x

Currently near its 20-quarter median.

P/B · 8.1x5y range 4.9x – 8.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $486.38M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $31.26M
Q. Revenue: $11.03M
TTM EBITDA: $20.01M
TTM Op. Income: $19.40M
Q. Op. Income: $7.27M
TTM Net Income: $18.02M
Q. Net Income: $6.39M
EPS: $1.32
Shares Out.: $4.84M

$31.26M in TTM revenue grew 24.1% YoY, reaching $11.03M last quarter. TTM EBITDA of $20.01M and TTM operating income of $19.40M show growth is flowing through to the bottom line. TTM net income of $18.02M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 3 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 81.3%
EBITDA Margin: 68.0%
Op. Margin: 65.8%
Net Margin: 57.9%

Op. margin of 65.8% is up 3.9% YoY — cost efficiency is improving. Net margin at 57.9% and gross margin of 81.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 27.0x
P/S Ratio: 15.6x
P/B Ratio: 8.1x

At 27.0x P/E, the stock trades within typical market levels. P/S of 15.6x and P/B of 8.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $62.12M
Cash: $2.90M
Long-Term Debt: N/A
Book Value: $59.78M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $5.31M
TTM Free Cash Flow: $11.41M
FCF Margin: 36.5%
FCF / Net Income: 0.6

TTM FCF of $11.41M on $5.31M in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 7% — a weakening trend.