ValueLens Investability Score

62
Favorable
Valuation 36
35% weight
Financial Health 73
25% weight
Earnings Power 84
20% weight
Competitive Moat 84
15% weight
Shareholder Alignment 32
5% weight
Holding it back: Premium to intrinsic value (Valuation), Market-implied growth high (Valuation), Insider transactions (Shareholder Alignment)

Overview

$207.78
$218.66
$5034.93B
35.58x
0.02%
Semiconductors
NASDAQ NMS - GLOBAL MARKET
US

Ben Graham Analysis

WEAK (3/7)

Stock passes only 3 of 7 Graham criteria. Limited margin of safety. Requires deep conviction or special situation rationale.

✗ Expensive (> 25)
35.58
Graham preferred P/E below 15 for defensive investors
✗ Risky
Earnings Yield: 2.81%
AAA Bond Yield: 5.49%
Gap: -2.68%
Safe if earnings yield exceeds bond yield by 25%+
✗ Trading above by 538.1%
Graham Number: $32.56
Current Price: $207.78
Book Value/Share: 8.07
Margin: -538.1%
Graham Number = √(22.5 × EPS × Book Value). Buy when price is well below this number.
~ Modest dividend
0.02%
Graham favored dividend-paying stocks for stability
✗ Trading Above NCAV
NCAV: $76.1B
NCAV per Share: $3.14
Market Cap / NCAV: 66.17x
Premium to NCAV: 6516.6%
NCAV = Current Assets − Total Liabilities. Graham's most conservative measure: buy when Market Cap < 2/3 of NCAV.
✓ Strong (≥ 2.0)
3.44x
Current Assets ÷ Current Liabilities. Graham required ≥ 2.0 for defensive investors — ensures the company can comfortably cover short-term obligations.
✓ Conservative (< 0.5)
0.04x
Total Debt ÷ Total Equity. Graham favored companies with low leverage. Below 0.5 is conservative; above 2.0 signals significant risk.
✓ Positive growth & earnings
TTM EPS: $6.53
5-Year EPS Growth: 95.27%
Graham required 10+ consecutive years of positive earnings. Consistent, growing earnings signal durable competitive advantage.

⚠ Risk Factors

  • Earnings yield not sufficiently above bond yield
  • Stock price exceeds Graham Number — may be overvalued
  • High P/E ratio suggests premium valuation
  • Market cap exceeds Net Current Asset Value

About this analysis: Based on Benjamin Graham's margin of safety principles from The Intelligent Investor and Security Analysis. A positive margin of safety indicates the stock may be trading below its estimated intrinsic value.

Financial Health & Signals

Piotroski F-Score, Owner Earnings, Earnings Quality, and Shareholder Yield

Piotroski F-Score

3/8

Poor financial health signals. Proceed with caution.

Positive ROA ROA = 58.1%
Positive Operating Cash Flow OCF = $102.7B
ROA Improving 65.3% → 58.1%
Cash Flow > Net Income Earnings may rely on accruals rather than cash
Leverage Decreasing LT Debt: $8.5B → $7.5B
Current Ratio Improving 4.44x → 3.91x
No Share Dilution Data not available
Gross Margin Improving 75.0% → 71.1%
Asset Turnover Improving 1.17x → 1.04x
Joseph Piotroski's 9-point scoring system for financial strength. Scores of 8–9 signal strong fundamentals; 0–3 suggest weakness.

Owner Earnings (2026)

$49.2B
Net Income $120.1B + D&A $2.8B − CapEx 0
Buffett's preferred measure: Net Income + Depreciation − CapEx. More honest than reported earnings for capital-intensive businesses.

Earnings Quality (2026)

0.86x OCF / Net Income

Cash flow roughly in line with earnings — normal quality.

Shareholder Yield (2026)

0.82%
Dividends $974.0M Buybacks $40.1B

Minimal direct cash return to shareholders.

Dividends + net buybacks as % of market cap — the total cash return to shareholders.

Historical Valuation

Where the current valuation sits within its own 5-year range

P/E 32.4x
32.4x 0th percentile 107.9x
P/B 26.9x
15.7x 31th percentile 52.3x

How to read this: These gauges show where the current P/E and P/B ratios fall within their own -year range. A low percentile suggests the stock is historically cheap on that metric; a high percentile suggests it's historically expensive. Compare with the company's growth trajectory to determine if the valuation is justified.

Margin of Safety Target Price

Set your desired margin of safety to calculate a target buy price

$73.47
Normalized EPS $4.90 × 15x P/E
$207.78
182.8% above intrinsic
Adjust the slider below
0% Margin of Safety: 25% 50%
No margin 15% 25% 33% 50%
32.36x
15x
95.27%

How to use this: The intrinsic value is calculated as Normalized EPS × a fair P/E of 15 (Graham's benchmark for a conservatively valued company). Slide to apply your desired margin of safety — Graham recommended at least 25–33% — and the target buy price will update. Only consider buying when the market price falls to or below your target.

Reverse DCF Calculator

What growth rate is the market pricing in?

Market-Implied Growth Rate
30.97% AGGRESSIVE

The market is pricing in very high growth. This leaves little margin of safety — any slowdown could trigger a significant repricing.

$4.79
$116.1B
16.78%
5% 10% 15% 20%
3.0%
0% 1% 2% 3% 4% 5%
10 years
3 5 10 15 20
Implied Growth Rate — Sensitivity to Discount Rate & Terminal Growth

How to read this: A reverse DCF works backwards from the current stock price to reveal what annual FCF growth rate the market is implicitly assuming. Compare this implied rate against the company's historical growth and your own expectations — if the market expects more growth than you think is realistic, the stock may be overvalued.

ROIC vs. WACC

Return on Invested Capital versus Weighted Average Cost of Capital

Value Creator — ROIC (72.43%) exceeds WACC (16.78%). The company earns more than its cost of capital, beating it in 4 of the past 5 years.
Beta2.24
Cost of Equity16.8%
Cost of Debt6.99%
Effective Tax Rate15.1%
Equity Weight99.8%
Debt Weight0.2%

How to read this: ROIC measures how efficiently a company turns invested capital into profits. WACC is the minimum return investors demand. When ROIC consistently exceeds WACC, management is creating value — a hallmark of a durable competitive advantage (moat). A declining ROIC trending toward WACC may signal moat erosion.

Capital Allocation

How the company has deployed its cash over 5 years

Dividends Share Buybacks Acquisitions CapEx

How to read this: This chart shows how the company allocated capital each fiscal year across four categories. Companies that consistently invest in CapEx and return cash via dividends often signal durable competitive advantages. Heavy share buybacks at elevated valuations can destroy shareholder value.

7 Powers Analysis

Hamilton Helmer's strategic moat framework applied to NVIDIA Corp (Semiconductors)

🏰
Wide Moat (Quantitative Only)
4 of 5 measurable powers show strength. Multiple reinforcing competitive advantages detected.
📐 Scale Economies Strong
📊 Quantitative Strong

Operating margin moved from 37.3% to 60.4% over 5 years (+23.1pp).

🤖 Qualitative

Awaiting AI analysis

🌐 Network Effects N/A
📊 Quantitative N/A

Requires non-financial data (user counts, engagement metrics) not available in SEC filings.

🤖 Qualitative

Awaiting AI analysis

♟️ Counter-Positioning N/A
📊 Quantitative N/A

Requires identifying a specific incumbent competitor for comparison — a qualitative judgment.

🤖 Qualitative

Awaiting AI analysis

🔒 Switching Costs Weak
📊 Quantitative Weak

Gross margin volatility 6.5pp (avg 68.1%) with 66.9% 5Y revenue growth.

🤖 Qualitative

Awaiting AI analysis

👑 Branding Strong
📊 Quantitative Strong

Gross margin 71.1% vs peers median 50% (1.44x). Inventory turnover 4.0x.

🤖 Qualitative

Awaiting AI analysis

💎 Cornered Resource Strong
📊 Quantitative Strong

Tangible ROA 65.7% vs peers median 10% (6.4x).

🤖 Qualitative

Awaiting AI analysis

⚙️ Process Power Moderate
📊 Quantitative Moderate

Avg ROIC 50.2% vs WACC 16.8% (alpha +33.4pp, σ 26.7pp).

🤖 Qualitative

Awaiting AI analysis

Loading AI qualitative analysis...

How to read this: The 7 Powers framework (Hamilton Helmer) identifies seven empirical sources of lasting business value. Each power shows both a quantitative score (from financial data) and a qualitative score (from AI analysis). The combined signal per power takes the more conservative of the two. Network Effects and Counter-Positioning can only be assessed qualitatively. When AI analysis is available, the overall moat signal reflects all 7 powers combined.

Insider Transactions

Open-market purchases and sales by company insiders (past 12 months)

Bearish — Insiders are net sellers — 14 seller(s) vs 0 buyer(s). (0 buys, 666 sells)
Date Insider Type Shares Price
2026-06-04 Mark A. Stevens Sell 400,000 $220.37
2026-06-04 Mark A. Stevens Sell 100,000 $217.66
2026-06-02 Mark A. Stevens Sell 500,000 $222.38
2026-05-27 John Dabiri Sell 625 $214.00
2026-03-20 Mark A. Stevens Sell 121,682 $174.57

How to read this: Insider buying on the open market is one of the strongest bullish signals — executives are spending their own money because they believe the stock is undervalued. Selling alone is less informative (insiders sell for many reasons), but heavy selling by multiple insiders can signal caution.