Is Impinj, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Impinj, Inc. has moved from very expensive to attractive. This suggests that the company is currently undervalued. Key valuation 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, indicating that while the company is not profitable (as evidenced by the NA P/E ratio), its asset and sales valuations are relatively favorable compared to its peers.
In comparison to its peers, Impinj, Inc. has a significantly higher EV to EBITDA ratio of 547.91, while Tower Semiconductor Ltd. is at 13.38, highlighting a stark contrast in valuation metrics. Additionally, Semtech Corp. shows a P/E of 70.91, which further emphasizes Impinj's attractive valuation despite its current losses. Over the past year, Impinj has returned -12.33%, underperforming the S&P 500's 14.08%, but it has shown impressive growth over longer periods, with a 5-year return of 592.44% compared to the S&P's 91.29%, reinforcing the potential for recovery and growth.