[Nvidia’s price-to-earnings ratio has dropped to its lowest level in more than a decade, and the market may question whether profitability can be sustained] On September 22, Nvidia’s stock valuation continued to fall, which is sending a warning signal to the chipmaker’s ability to maintain its explosive profit growth prospects. NVIDIA's current stock price is less than 17 times its estimated earnings for the next 12 months, the lowest cheap level in more than a decade. This is only half of what it will be in 2025 (when Nvidia's revenue and profit growth is slower), and significantly lower than the estimated price-earnings ratio of more than 25 times set in May this year. The disconnect between Nvidia's strong fundamentals and its stock valuation prompted CEO Jensen Huang to call Nvidia "the world's first and only growth value stock." He told a Goldman Sachs technology conference earlier this month that the company was "seriously misunderstood."