NVIDIA CORP vs United Microelectronics Corporation, two Semiconductors stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Neither multiple describes growth honestly without help: Nvidia's 29.4 times earnings sits on an income statement growing into it, a 65.6% operating margin at $4.68T of scale, while UMC's 213.2 times sits on earnings a foundry trough has flattened, a 22% operating margin doing the dividing. The two companies share an industry and a customer base and nothing about their position in it: one sets the price of AI compute, the other accepts the price of mature-node wafers. Returns on assets run 53.1% against 8.7%. Both are effectively debt-free. Read side by side, the pages show what a multiple is worth without its context: the six-times-cheaper-looking company is the one priced for greatness.
Comparison updated 2026-07-10.
| Metric | NVDA | UMC |
|---|---|---|
| Price | $191.88 | $25.58 |
| Market cap | $4.68T | $311.4B |
| Sector | Semiconductors | Semiconductors |
| Stage | Mature | Growth |
| P/E | 29.4 | 213.2 |
| P/B | 23.94 | 27.92 |
| P/S | 18.46 | 43.56 |
| EV/EBITDA | 28.6 | 195.8 |
| Revenue growth | +69.1% | +8.9% |
| Gross margin | 74.9% | 32.3% |
| Operating margin | 65.6% | 22.0% |
| Net margin | 54.3% | 20.8% |
| Return on equity | 70.4% | 13.3% |
| Return on assets | 53.1% | 8.7% |
| Return on invested capital | 66.1% | 12.0% |
| FCF yield | 2.5% | 0.1% |
| Dividend yield | 0.0% | — |
| Debt / equity | 0.05 | 0.00 |
| Current ratio | 3.44 | 2.45 |
| Altman Z (solvency) | 9.15 | 6.96 |
| Piotroski F (quality) | 4 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.