Nova NVMI
IsraelTechnology · Semiconductor Equipment & MaterialsUSD
532.00 USD (+40.8%)
8 analysts
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Nova Ltd. is an Israeli company that develops and sells process control and metrology systems for semiconductor manufacturing, helping chipmakers improve yield and quality of their wafers.
Key points
from its scores- ✓Very solid balance sheet8.0
- ✕Unfavourable risk and backdrop1.4
- ✕Little or no dividend1.5
- ✕Poor share-price trend2.8
AI analysis
bottom line, main risk, context and newsQuality and net cash are attractive, but the high valuation and weak earnings growth do not justify an entry at this time.
Nova Ltd. shows solid financial health (net cash, DN/EBITDA -0.73) and high operational quality (ROE 21.11%, gross margin 57.12%), but its valuation is demanding (PER 47.22, EV/EBITDA 39.81) and earnings growth is weak (2.9%), limiting its appeal despite 15.9% revenue growth.
The main risk is the demanding valuation (PER 47.22) combined with nearly flat earnings growth (2.9%), leaving little room for error if the semiconductor capex cycle slows.
Context and risks
Nova Ltd. is domiciled in Israel, a country with moderate governance and regulatory risk. Although the company operates in the semiconductor sector, its main exposure is to the dynamics of the AI capex cycle and demand for lithography equipment, not direct geopolitical risks from its domicile. However, the concentration of its operations and supply chain in Israel introduces a jurisdictional risk not captured by financial metrics.
Is Nova stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 73% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 47.2 | 31.3 | +51% |
| EV / EBITDA | 39.8 | 20.4 | +95% |
| Price / book | 8.2 | 6.3 | +30% |
| Price / sales | 12.8 | 5.3 | +143% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 3.5 out of 10 (median for Technology: 5.3).
Average analyst target: 532.00 USD, +40.8% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 6.5 (sector 6.4), Growth 5.9 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 47.2
- Forward P/E
- 27.7
- EV / EBITDA
- 39.8
- Price / book
- 8.2
- Price / sales
- 12.8
- PEG
- 1.46
- Market cap
- 12.0B USD
- Enterprise value
- 11.8B USD
Profitability
- ROE
- 21.1%
- ROA
- 8.5%
- ROIC (approx.)
- 12.3%
- Gross margin
- 57.1%
- Operating margin
- 29.9%
- Net margin
- 28.8%
- Free cash flow
- 112.9M USD
- FCF yield
- 0.9%
- Cash conversion
- 38%
Solvency
- Total debt
- 803.5M USD
- Net debt
- −217.5M USD
- Cash
- 1.0B USD
- EBITDA
- 296.3M USD
- Net debt / EBITDA
- −0.73
- Debt / equity
- 54.84
- Current ratio
- 1.55
- Quick ratio
- 1.31
Growth
- Revenue growth
- +15.9%
- Earnings growth
- +2.9%
- EPS (TTM)
- 8.00 USD
- EPS (forward)
- 13.66 USD
Dividend
- Dividend yield
- 0.0%
- Payout
- 0.0%
Risk and market
- Beta
- 1.78
- Analyst consensus
- Strong buy (8)
- Target price
- 532.00 USD
- 52-week range
- 266.43 – 615.99
Recent news
All NVMI news →Compare it with its sector
All 283 in Technology →Frequently asked questions about Nova
Is Nova stock cheap or expensive?
On P/E and EV / EBITDA, it trades 73% above the Technology median on average. Valuation score: 3.5 out of 10 (median for Technology: 5.3). Average analyst target: 532.00 USD, +40.8% versus the price. This is not investment advice.
What score does Nova get on MeridIAn Screener?
It scores 4.7 out of 10, rank 1,822 of 2,130 (better than 14% of the companies analysed). Its strongest category is Financial health (8.0) and its weakest, Risk & Context (1.4). Analysis of 08/10/2026.
What is Nova's P/E ratio?
Its P/E is 47.2: the share price equals 47.2 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 27.7.
How much is Nova worth on the stock market?
Its market capitalisation is 12.0B USD and its enterprise value, debt included, is 11.8B USD.
How much debt does Nova have?
It has more cash than debt: net cash of 217.5M USD.
Does Nova pay a dividend?
It pays no dividend, or almost none.
How has Nova stock performed over the last year?
It has risen 25.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 266.43 and 615.99 USD. Past performance does not guarantee future results.
What do analysts think of Nova?
8 analysts cover it; their average recommendation is “Strong buy” and their average target is 532.00 USD (+40.8% versus the price). It is an estimate, not market data.