Is Impinj, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Impinj, Inc. has moved from very expensive to attractive. Based on the current metrics, the company appears to be undervalued. Key ratios include a Price to Book Value of 20.48, an EV to Sales ratio of 9.43, and an EV to Capital Employed ratio of 11.42, which suggest that the company is trading at a lower valuation compared to its peers.
In comparison to its peers, Tower Semiconductor Ltd. has a P/E ratio of 37.63 and an EV to EBITDA of 13.38, while Semtech Corp. shows a P/E of 70.91 and an EV to EBITDA of 40.13, indicating that Impinj, Inc. is positioned more favorably in terms of valuation metrics. Over the past five years, Impinj has significantly outperformed the S&P 500 with a return of 592.44% compared to the S&P's 91.29%, reinforcing the attractiveness of its current valuation.