Stocktoria

NOVA LTD. NVMI

Nasdaq · stock · Optical Instruments & Lenses · website · IPO 2000-04-11

NOVA LTD. statistics & valuation

Market cap$15.5B
P / E59.9×
P / S17.6×
P / B11.8×
P / FCF71.3×
Net margin29.4%
Return on equity19.7%
FCF margin24.7%
Return on capital11.9%
Graham number -78.8%$86.19

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($86.19); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.90% 20.90% 21.70% 15.60% 17.80% 22.40% 24.60% 26.30% 27.30% 29.40% 2016201720182019202020212022202320242025
Gross margin (%)
45.90% 59.10% 57.80% 54.20% 56.10% 56.60% 55.50% 56.60% 57.60% 57.40% 2016201720182019202020212022202320242025
Operating margin (%)
6.20% 26.00% 24.10% 16.20% 20.60% 27.00% 26.30% 25.50% 27.90% 28.80% 2016201720182019202020212022202320242025
Return on equity (%)
5.50% 20.50% 19.40% 11.20% 12.90% 19.70% 23.90% 18.20% 19.80% 19.70% 2016201720182019202020212022202320242025
Shares outstanding
27.5M 28.5M 28.8M 28.6M 28.9M 28.6M 28.7M 29.0M 29.3M 31.8M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
4.40% 16.40% 16.30% 8.80% 7.30% 11.60% 14.20% 12.00% 13.20% 11.00% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-4.40% 25.00% 13.30% 8.60% 20.00% 30.60% 17.20% 20.50% 32.40% 24.70% 2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$0.35 $1.63 $1.89 $1.23 $1.65 $3.12 $4.43 $4.28 $5.75 $7.96 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

NOVA LTD. trades at about 51× earnings — above its 10-year norm (10-year range 13×–57.5×, median 37.9×).

13× 57.5×

Shaded band = 10-year range (13×–57.5×); dot = today's 51×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin57.4%57.6%56.6%55.5%56.6%56.1%54.2%57.8%59.1%45.9%
Operating margin28.8%27.9%25.5%26.3%27.0%20.6%16.2%24.1%26.0%6.2%
Net margin29.4%27.3%26.3%24.6%22.4%17.8%15.6%21.7%20.9%5.9%
FCF margin24.7%32.4%20.5%17.2%30.6%20.0%8.6%13.3%25.0%-4.4%
Return on assets11.0%13.2%12.0%14.2%11.6%7.3%8.8%16.3%16.4%4.4%
Return on equity19.7%19.8%18.2%23.9%19.7%12.9%11.2%19.4%20.5%5.5%
Current ratio6.282.322.204.571.979.176.555.864.454.30

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.