NVE (NVEC) Stock Fundamentals, Analysis & Risk Signals

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

NVE

NasdaqCM•Technology•Semiconductors

$81.98-0.39(<0.01%)Pre-market

Market Cap

$370.66M

P/E

20.7x

P/S

14.9x

P/B

6.4x

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

ExcellentMetricSide Score: 80/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability25/25

Growth18/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality22/25

Strengths

Rising free cash flowStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

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

P/E · 20.7x5y range 13.1x – 26.5x

Currently near its 20-quarter median.

P/S · 14.9x5y range 7.4x – 15.3x

Currently near its 20-quarter median.

P/B · 6.4x5y range 3.6x – 8.0x

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 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $370.66M

Metrics at a Glance

as of September 2026

Revenue & Profit

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

TTM Revenue: $24.91M
Q. Revenue: $0
TTM EBITDA: $19.70M
TTM Op. Income: $18.95M
Q. Op. Income: $3.21M
TTM Net Income: $17.88M
Q. Net Income: $3.17M
EPS: $0.66
Shares Out.: $4.84M

$24.91M in TTM revenue grew 0.5% YoY, reaching $0 last quarter. TTM EBITDA of $19.70M and TTM operating income of $18.95M show growth is flowing through to the bottom line. TTM net income of $17.88M means revenue is converting into profit. Over the past year, TTM revenue is up 1% — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: N/A
Op. Margin: 320623800.0%
Net Margin: 317315900.0%

Op. margin of 320623800.0% is up 320623742.4% YoY — cost efficiency is improving. Net margin at 317315900.0% Across the last 8 quarters, operating margin has risen for 4 consecutive quarters — an improving trend.

Price Ratios

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

P/E Ratio: 20.7x
P/S Ratio: 14.9x
P/B Ratio: 6.4x

At 20.7x P/E, the stock trades within typical market levels. P/S of 14.9x and P/B of 6.4x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 9% — an improving trend.

Assets & Liabilities

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

Total Assets: $59.86M
Cash: $3.97M
Long-Term Debt: N/A
Book Value: $57.98M
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: $5.82M
TTM Free Cash Flow: $18.66M
FCF Margin: 74.9%
FCF / Net Income: 1.0

TTM FCF of $18.66M on $5.82M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 43% — an improving trend.