Arm Holdings Plc ADR (ARM) is overvalued and NVIDIA Corp (NVDA) is overvalued.
Both trade above our estimate of their intrinsic value. NVDA is the closer of the two: -46%, against -630% for ARM.
Values as of the 22 Sept 2026 close.
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $45.67; the price of $333.20 is 630% above that value.
Leak Score 43/100 on 3 of 12 signals
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $156.98; the price of $228.87 is 46% above that value.
Leak Score 71/100 on 10 of 12 signals
| Metric | ARM | NVDA |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $333.20 | $228.87 |
| Intrinsic value | $45.67 | $156.98 |
| Margin of safety | -630% | -46% |
| Leak Score | 43/100 (3/12) | 71/100 (10/12) |
| Market cap | $355.9B | $5.52T |
| Revenue growth, 5 years | 19.4% | 66.9% |
| Operating margin | 17.3% | 65.2% |
| Net margin | 20.3% | 63.7% |
| Return on equity | 13.4% | 117.2% |
| Debt to equity | 0.06 | 0.17 |
| P/E | 341.8x | 28.9x |
| Forward P/E | 108.7x | 14.5x |
| P/B | 41.2x | 24.1x |
| Dividend yield | — | 0.3% |