Nova Ltd. (NVMI)
Fair ValueFundamental
60
Price
$311.35
Market Cap
$10.53B
Part 1 · What the company is worth
Overview
Nova Ltd. engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally. The company's product portfolio includes a set of metrology platforms for dimensional, films, and materials and chemical metrology measurements for process control for various semiconductor manufacturing process steps, such as lithography, Etch, chemical mechanical planarization, deposition, electrochemical plating, and advanced packaging. It serves various sectors of the integrated circuit manufacturing industry, including logic, foundry, memory, and packaging sectors, as well as process equipment manufacturers. Nova Ltd. was formerly known as Nova Measuring Instruments Ltd. and changed its name to Nova Ltd. in July 2021. Nova Ltd. was incorporated in 1993 and is headquartered in Rehovot, Israel.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated with artificial intelligence on September 19, 2026, shared with all users
KLA is the dominant supplier of semiconductor process-control equipment and competes head-on with Nova for the metrology budget of the same leading-edge logic and memory fabs.
Camtek, also Israeli, sells inspection and 3D metrology systems to the same customers and overlaps with Nova above all in advanced-packaging measurement.
Applied Materials builds its own in-situ sensors and metrology products alongside its deposition and etch tools, so it takes measurement work inside the fab that would otherwise go to Nova.
ASML pairs its lithography scanners with its own overlay and CD metrology platforms, competing with Nova for the measurement steps that surround the lithography process.
Lam Research embeds sensing and metrology into its etch and deposition platforms, so its in-line measurement offering competes with Nova's integrated metrology at the same process steps.
Nova names Onto Innovation first among its competitors: both sell stand-alone and integrated optical metrology and process-control systems to the same wafer fabs, covering critical dimension, thin-film and advanced-packaging measurement.
Balance Sheet & Liquidity
Revenue
$937M
Trailing 12 months (through 6/30/2026)
Net Income
$270M
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$117M
Total Equity
$1.47B
Total Liabilities
$803M
Current Ratio
1.55
Interest Coverage
-
Debt/EBITDA
2.71
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$311.97
Current Price
$311.35
Margin of Safety
+0.2%
Fair Value Range
$202.78 - $421.15
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
40.00
ROE
21.1%
P/B Ratio
7.19
P/FCF
90.15
Gross Margin
57.1%
ROIC
9.8%
Profitability Radar
Value Creation (Economic Moat)
ROIC
9.8%
WACC
13.6%
ROIC − WACC
-3.9 pp
ROIC is below the cost of capital — the company is destroying value for every dollar invested.
Fundamental Analysis Criteria
Passed (12)
- Price CAGR 39.45%
- ROIC 9.8%
- Gross margin 57.1%
- Debt/equity ratio
- Positive free cash flow
- Current ratio
- Debt/EBITDA
- ROE 20.3%
- Revenue growth 5Y 20.8%
- PEG ratio 1.73
- Earnings quality (operating cash flow / net income) 0.82
- Net margin trend 29.4% vs 27.3%
Failed (6)
- P/FCF 90.15
- P/B ratio 7.19
- CapEx intensity
- DCF valuation (Overvalued)
- Earnings surprise, average 0.9%
- Piotroski F-Score 1/9
Unavailable (8)
- EPS data insufficient
- Dividend payout –
- Operating margin –
- Interest coverage
- Return on tangible assets
- Low reliance on intangibles
- Price below Graham Number
- Share dilution (missing share count)
Piotroski F-Score
Serious financial concerns
Earnings Quality
Moderate: some gap between profits and cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
No institutional filings reported for this company.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Eitan Oppenhaim | Executive Chairman of the Board | 59 |
| Mr. Gabriel Waisman | President & CEO | 54 |
| Mr. Gabi Sharon | Chief Operating Officer | 63 |
| Dr. Shay Wolfling | Chief Technology Officer | 53 |
| Mr. Guy Kizner | Chief Financial Officer | 41 |
| Mr. C. Thomas Larson | Vice President of Corporate Development | - |
| Ms. Orly Ben-Hamu-Lahav | Chief Marketing & Strategy Officer | - |
| Ms. Sharon Dayan | Chief Human Resources Officer | 52 |
| Mr. Zohar Gil | Chief Business Officer | 58 |
| Mr. Adrian S. Wilson | President of Nova Measuring Instruments, Inc & GM of Material Metrology Division | 53 |
Documents
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much NVMI moves, measured on its daily prices.
More volatile than 85% of the tracked stocks (90-day volatility).
- Volatility 30d
- 50.2%
- Volatility 90d
- 59.2%
- Beta vs S&P 500 (1y)
- 2.86Correlation 0.62
- Max drawdown (12m)
- -48.8%
- ATR (14d, % of price)
- 4.63%
Earnings reactions
How NVMI moved around its past quarterly results.
Next earnings release
Nov 5, 2026 · In 12 days · Before the open
EPS estimate: 2.77Revenue estimate: $282M
What usually happens
- Not enough releases with data yet: we have 0, we need at least 4.
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on NVMI and what the price did next.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for NVMI.
- 2/24/2026NEUTRALNova Stock Up 80% in a Year, so What Should Investors Know About This $194 Million Sale?
Nova Ltd., a key provider of metrology and process control solutions to semiconductor manufacturers worldwide, has seen its stock surge by 80% over the past year. This significant appreciation has brought a recent $194 million sale into focus for investors. While specific details regarding the nature of this transaction remain undisclosed, the market is keen to understand its potential implications for a company pivotal in advanced chip production. Analysts advise closely monitoring further developments to assess whether this sale represents a strategic opportunity or a significant shift for the company.