Is FormFactor, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for FormFactor, Inc. has moved from attractive to very expensive, indicating a shift towards overvaluation. The company is currently considered overvalued based on its high P/E ratio of 44, an EV to EBITDA of 24.35, and a Price to Book Value of 2.57. In comparison, Tower Semiconductor Ltd. has a P/E of 37.63, while Cirrus Logic, Inc. presents a more attractive P/E of 17.26, highlighting FormFactor's relative overvaluation in the industry.
Despite a strong recent performance with a 10.25% return over the past week compared to the S&P 500's 1.70%, FormFactor's year-to-date return of -4.43% and one-year return of -4.76% suggest underlying weaknesses. Overall, the high valuation ratios and poor long-term performance indicate that FormFactor, Inc. is overvalued.