Rubbish Check
Daily Mail Money · 27 September 2026
source“Why $5.4trillion Nvidia is the cheapest it’s been in a decade for investors”
R3/ 10
Lightly altered
Rubbish Rating — 1 = base fact, 10 = pure rubbish
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In short
Rubbish Talk rates Daily Mail Money's claim that "$5.4trillion Nvidia is the cheapest it's been in a decade" a 3/10 because the underlying forward P/E figure, sub-17x, lowest since 2016, is accurately sourced to Bloomberg data and the article itself immediately qualifies "cheap" with the risks driving the de-rating.
The Verdict
Lightly altered. The headline word "cheapest" is doing some heavy lifting for a company that just hit the highest market capitalisation in stock market history, but the article backs it with a real, attributable metric (forward price-to-earnings) and does not hide the reasons for the de-rating, including slowing growth expectations and Chinese competition. This is a relative-valuation story dressed up with a slightly punchy headline, not a hidden or invented number.
What actually happened
Nvidia's share price has fallen relative to its expected forward earnings, pushing its forward price-to-earnings multiple to its lowest level since 2016 even as its market capitalisation sits at $5.4 trillion, the highest of any listed company. Fund manager Stephen Yiu of Blue Whale attributes this to profits growing faster than the share price, but flags that competition from cheaper Chinese rivals and doubts over continued 50%-a-year growth are behind the de-rating.
Key facts
- Nvidia's market value: $5.4 trillion, described in the article as the most valuable company in stock market history.
- Share price: $224, trading at under 17 times expected next-12-months earnings, per Bloomberg data cited in the article.
- That multiple is the lowest since 2016, and roughly half what the stock traded at a year earlier.
- Nvidia's profits reportedly hit $120 billion last year, per Blue Whale's Stephen Yiu.
- The de-rating is linked in the piece to investor concern over debt-fuelled AI infrastructure spending and rising borrowing costs, plus emerging competition from cheaper Chinese chipmakers.
What to watch for
Watch whether Nvidia's next earnings report shows the growth deceleration Yiu flags, if forward estimates get cut, the "cheap" multiple could reverse fast since it's driven by expected future earnings, not trailing ones. Also watch for any pickup in Chinese AI chip market share, the specific risk cited for margin compression.
About this scoreThe R-Score is Rubbish Talk's editorial opinion on how far a headline's framing sits from what the underlying facts support. It is a judgement about presentation and emphasis, not an allegation that any outlet has acted dishonestly. Every figure we rely on is linked under Receipts so you can check it yourself.
