Nvidia's latest P/E ratio of 64.68 is higher than the industry average of 30.31, indicating that the company may be overvalued compared to its peers. However, it's important to note that Nvidia is a leading company in the tech industry and has a strong track record of growth and innovation. Therefore, while its valuation may be higher than some of its peers, it may still be a wise investment choice for those looking to invest in the tech industry.