NOVA LTD. (NVMI)

Optical Instruments & Lenses

Latest Price

$335.08

TTM P/E

Normalized P/E

Div Yield

Book Value

P/B Ratio

Valuation metrics

EPS: $7.96

Book value / share: $41.48

Formula: √(22.5 × EPS × BVPS)

Graham Number

$86.19

74% downside

Norm. op. income: $132M (median of 7yr)

Tax rate: 15%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$52.45

84% downside

Base FCF: $127M (median of recent 5yr)

Growth: 17%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$178.96

47% downside

EPS: $7.96

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$119.40

64% downside