Nvidia trades at 16x FY2028 earnings once you get the fiscal calendar right
As seen on the 24/7 Wall St. homepage on August 26, 2026.
Cramer's frame ahead of tonight's earnings report: Nvidia trades at just 16 times FY2028 earnings once you account for the January fiscal year end.
Remember NVDA fy ends Jan31, so Jan 31 2027 IS 2027, important because Jan FY 2028 16x pe. this is second q of FY 2027 reported tonight. SIXTEEN TIMES FULL YEAR FY 2028. Next four quarters 18.7
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Jim Cramer posted on X on August 26, 2026, ahead of what he described as Nvidia's second quarter of fiscal year 2027 reporting that evening. His core point is about calendar confusion: because Nvidia's fiscal year ends January 31, the period ending January 31, 2027 is already fiscal year 2027, not 2028.
That distinction matters for valuation: Cramer's framing puts Nvidia at 16 times full fiscal year 2028 earnings, a figure he emphasized in all caps.
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For investors who anchor to a calendar year and assume fiscal 2028 means something starting in early 2028, the stock can look more expensive than it actually is on a forward basis. Cramer's post is a direct correction of that framing, made in the hours before the quarterly earnings report.
The tweet drew nearly 70,000 impressions, suggesting the fiscal-year timing point was landing as a genuine point of debate among Nvidia followers.
Mentioned: NVDA