Is Camtek Ltd. overvalued or undervalued?

As of 5 August 2025, the valuation grade for Camtek Ltd. moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears undervalued based on its current metrics, with a P/E ratio of 27, a PEG ratio of 0.59, and an EV to EBITDA ratio of 27.46. In comparison to peers, Camtek's P/E ratio is lower than TTM Technologies, Inc. at 45.23 and Knowles Corp. at 57.20, suggesting it is more attractively priced within its industry.
Camtek Ltd. has demonstrated strong performance with a one-year return of 41.45%, significantly outperforming the S&P 500's return of 17.14% during the same period. This robust performance further supports the argument that the company is undervalued relative to its growth potential and market peers.