NVE Corporation develops and sells devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information in the United States and internationally. The company manufactures spintronic products, including sensors and couplers for use in acquiring and transmitting data. Its products comprise standard sensors to detect the presence of a magnetic or metallic material to determine position or speed primarily for the factory automation market; and custom and medical sensors for medical devices to replace electromechanical magnetic switches. The company also offers spintronic couplers for industrial Internet of Things market. In addition, it undertakes contracts for research and development, and licensing of spintronic magnetoresistive random access memory technology. NVE Corporation was founded in 1989 and is headquartered in Eden Prairie, Minnesota.
P/S ratio for NVE Corporation (NVEC)
P/S ratio as of 2024: 14.43
According to NVE Corporation's latest financial reports and stock price the company's current price-to-sales ratio (TTM) is 14.43. At the end of 2023 the company had a P/S ratio of 10.48.
P/S ratio history for NVE Corporation from 1996 to 2024
P/S ratio at the end of each year
| Year | P/S ratio |
|---|---|
| 2024 | 14.43 |
| 2023 | 10.48 |
| 2022 | 9.76 |
| 2021 | 15.86 |
| 2020 | 9.92 |
| 2019 | 18.06 |
| 2018 | 13.47 |
| 2017 | 14.14 |
| 2016 | 9.89 |
| 2015 | 10.94 |
| 2014 | 10.67 |
| 2013 | 9.83 |
| 2012 | 8.89 |
| 2011 | 8.54 |
| 2010 | 7.55 |
| 2009 | 5.74 |
| 2008 | 5.58 |
| 2007 | 7.66 |
| 2006 | 6.03 |
| 2005 | 7.39 |
| 2004 | 17.06 |
| 2003 | 3.07 |
| 2002 | 4.89 |
| 2001 | 2.94 |
| 2000 | 1.74 |
| 1999 | 0.57 |
| 1998 | 1.04 |
| 1997 | 1.21 |
| 1996 | 1.61 |