NVE stock: fair value
NVECThe fair value of NVE under our model is $93.76, the price is 12% below.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Fairly valuedIn our model the price counts as cheap below $62.50 and expensive above $187.51 (uncertainty very high, based on the price swings of the past year).
The two parts of the fair value come to $39.45 (cash-flow model) and $148.06 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 11.8%. At 12.8% the fair value would be $91.57, at 10.8% it would be $96.57.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (40.2).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 11.8% (government bond yield 3.8% plus beta 1.78 times a risk premium of 4.5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $39.45 per share: free cash flow for the next ten years, each year discounted to today at 11.8%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 11.8%) |
|---|---|---|---|---|
| 2027 | $15.78M | extrapolated at 1.8% | 0.8946 | $14.11M |
| 2028 | $16.15M | extrapolated at 2.4% | 0.8003 | $12.93M |
| 2029 | $16.61M | extrapolated at 2.8% | 0.7160 | $11.89M |
| 2030 | $17.13M | extrapolated at 3.1% | 0.6405 | $10.97M |
| 2031 | $17.7M | extrapolated at 3.3% | 0.5730 | $10.14M |
| 2032 | $18.32M | extrapolated at 3.5% | 0.5126 | $9.39M |
| 2033 | $18.97M | extrapolated at 3.6% | 0.4586 | $8.7M |
| 2034 | $19.67M | extrapolated at 3.7% | 0.4102 | $8.07M |
| 2035 | $20.4M | extrapolated at 3.7% | 0.3670 | $7.49M |
| 2036 | $21.16M | extrapolated at 3.8% | 0.3283 | $6.95M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $100.64M |
| Terminal value: cash flow 2036 × (1 + 3.8%) / (11.8% − 3.8%) | $276.33M |
| Present value of terminal value (× 0.3283) | $90.72M |
| Equity value (sum plus present value of terminal value) | $191.36M |
| Shares (diluted) | 4.85M |
| Value per share (equity value divided by shares) | $39.45 |
| Earnings per share, last twelve months | $3.69 |
| × 40.2 (industry P/E) | $148.06 |
| Fair value (average of both parts) | $93.76 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 3 Apr 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.