Is Impinj, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Impinj, Inc. has moved from very expensive to attractive, indicating a shift in market perception. The company appears to be undervalued, particularly when considering its current Price to Book Value of 20.48, an EV to Capital Employed ratio of 11.42, and an EV to Sales ratio of 9.43.
In comparison to peers, Impinj's valuation metrics stand out, especially against Tower Semiconductor Ltd., which has a P/E ratio of 37.63 and an EV to EBITDA of 13.38, and Semtech Corp., with a P/E of 70.91 and an EV to EBITDA of 40.13. Notably, while Impinj has experienced a year-to-date return of 38.67% compared to the S&P 500's 13.30%, its one-year return of -12.33% lags behind the index's 14.08%, suggesting potential for recovery as the market reassesses its valuation.