NVMI
NOVA LTD.
Next earnings Aug 5, 2026 · consensus $2.46 EPS, $255M rev
$488.58
▲ 0.00%$488.58▲ +111.35%
over 1Y
L $231.17EODHDH $605.65
Today+0.0%
1W-16.2%
1M-4.6%
3M+10.9%
YTD+40.7%
1Y+111.4%
Hold
Conviction
Horizon
Long (>12mo)
Street · 15 analysts
Buy
Elite semiconductor-metrology growth (rev +31%, 57% gross margin) but a 72x P/E prices in near-perfection.
The read
Middling fundamentals and a rich price (~38% above fair value) leave little margin of safety — a wait-and-see.
Nova is a high-quality semiconductor metrology and process-control vendor riding the chip capex cycle. FY2025 was exceptional: revenue grew 31.0% to $881M, net income jumped 41.1% to $259M, and diluted EPS rose 38.4% to $7.96. Profitability is elite for a hardware company — 57.4% gross margin, 28.8% operating margin and 29.4% net margin — and the multi-year record shows genuine compounding (revenue up from $416M in FY2021), with R&D up 30.1% to $143M funding the product pipeline.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $416M | $571M | $518M | $672M | $881M |
| Gross profit | $235M | $317M | $293M | $387M | $505M |
| Operating income | $112M | $150M | $132M | $188M | $253M |
| Net income | $93.1M | $140M | $136M | $184M | $259M |
| Diluted EPS | $3.12 | $4.43 | $4.28 | $5.75 | $7.96 |
| Net margin | 22.4% | 24.6% | 26.3% | 27.3% | 29.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$14.1B
EV / EBITDA54.4
EV / Sales16.0
EV / FCF64.7
P / FCF65.6
PEG (trailing)1.49
Earnings yield1.8%
FCF yield1.5%
Quality & risk
ROIC (est.)15.2%
Free cash flow$218M
Total debt—
Net cash$214M
Altman Z-Score10.19 safe
Piotroski F-Score3/8
Capital returns
Buyback yield0.2%
Dividend yield (est.)—
Shareholder yield0.2%
Shares Δ YoY+0.9%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Recent filings
all on EDGAR ↗4Period ending 2026-06-222026-06-25open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-222026-06-24open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗4Period ending 2026-06-182026-06-22open ↗144Filing2026-06-22open ↗6-KPeriod ending 2026-06-222026-06-22open ↗
Frequently asked
- Is NOVA LTD. (NVMI) a buy?
- NVMI currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Elite semiconductor-metrology growth (rev +31%, 57% gross margin) but a 72x P/E prices in near-perfection.
- What is NVMI's fair value?
- A Modified-Graham model based on NVMI's SEC fundamentals estimates a fair value of about $302.48. It is an estimate from reported earnings, not a price target.
- Is NVMI overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, NVMI currently appears overvalued relative to its SEC-grounded earnings power.
- What is NOVA LTD.'s quality score?
- NVMI scores 72.80392156862744/100 (grade B) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001109345, latest 4 filed 2026-06-25) · EODHD · analysis by claude-code · as of 6/21/2026, 8:42:53 PM.
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