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Stock valuation

Estimate a company's value from its future cash flows.

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Nasdaq · Technology

NVIDIA Corporation NVDA

211.49Currency not providedReference quote · Sep 15, 2026 5:10 AM ET
Company data & sources

NVIDIA Corporation operates as a data center scale AI infrastructure company in the United States, Taiwan, China, Hong Kong, Europe, and internationally. It operates through Compute & Networking, and Graphics segments. The Compute & Networking segment provides data center accelerated computing and networking platforms and artificial intelligence solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment offers GeForce GPUs for gaming and PCs; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. The company's products are used in gaming, professional visualization, data center, and automotive markets. It sells its products to original equipment manufacturers, original device manufacturers, system integrators and distributors, independent software vendors, cloud service providers, add-in board manufacturers, distributors, automotive manufacturers and tier-1 automotive suppliers, and other ecosystem participants. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.

Reference amounts are in millions of the source currency; shares are in millions. Financial currency: USD.

Reported free cash flow (TTM)
127,006
Cash & investments
99,369
Total debt
33,366
Shares (millions)
24,100
Source
Nasdaq quarterly financial statements
Financial period
Four quarters ending 7/26/2026 (quarter ends: 7/26/2026, 4/26/2026, 1/25/2026, 10/26/2025)
Balance-sheet date
7/26/2026
Retrieved
Sep 15, 2026 09:11 UTC · cached up to 15 minutes

Cash-flow period: Four quarters ending 7/26/2026 (quarter ends: 7/26/2026, 4/26/2026, 1/25/2026, 10/26/2025). Operating cash flow minus capital expenditures (TTM); financing costs may be included.

Estimated from market cap / price; verify diluted shares and ADR ratio

The reference snapshot is separate from your model. Calculations use the entries you submit, including any edits.

Nasdaq statement amounts are converted from USD thousands to USD millions.

Your assumptions

Amounts in USD millions. Share prices in dollars.

Reported FCF reference: 127,006 million USD. Prefilled on lookup; you can edit it. Adjust financing costs for an unlevered model.

The company's weighted average cost of capital (WACC).

Growth after the forecast. Must be below the discount rate.

Free cash flow growth by year

Each rate applies to the previous year's cash flow. Only the selected forecast years are used.

Shares, cash & debt Per-share calculation

Prefilled where available. Review diluted shares, adjust cash to excess cash, and include other senior claims in debt. Enter any missing values.

Your inputs are not saved on our server. Calculations use your entries, including any edits.

Enter your assumptions, then calculate.

How the calculation works

Each year's free cash flow = the previous year's cash flow × (1 + that year's growth rate). Present value = that cash flow ÷ (1 + discount rate) raised to the year number.

Terminal value = final-year cash flow × (1 + terminal growth) ÷ (discount rate − terminal growth). We discount it to today, add the forecast cash flows' present values, then add excess cash and subtract debt and other claims. Divide by diluted shares to get value per share.

The lookup prefills reported trailing free cash flow as an editable starting point. Nasdaq FCF is operating cash flow minus capital expenditures across four reported quarters; Yahoo FCF is the provider's reported figure. Sources and periods appear in Company data & sources. Missing figures are never treated as zero.

This operating-company model discounts at WACC and subtracts debt, so its valuation assumes positive normalized unlevered cash flow (FCFF). Reported FCF may already include interest and other financing costs: adjust the prefilled amount for after-tax interest and other financing effects as appropriate before treating it as FCFF. Taxes and reinvestment must be reflected in your cash flows, and growth assumptions must be sustainable. Future dilution is not modeled.

For changing margins, reinvestment, losses turning into profits, or a detailed equity bridge, use the Advanced valuation model. This model is not intended for banks or insurers. Results reflect your assumptions, not a market-price forecast or investment advice.