Is Lattice Semiconductor Corp. overvalued or undervalued?

As of 30 June 2025, the valuation grade for Lattice Semiconductor Corp. has moved from expensive to very expensive, indicating a significant shift in its perceived value. The company is currently overvalued, as evidenced by its high P/E ratio of 88, a Price to Book Value of 9.33, and an EV to EBITDA ratio of 67.74. In comparison, peers such as Skyworks Solutions, Inc. and Enphase Energy, Inc. have more reasonable P/E ratios of 20.61 and 24.23, respectively, highlighting the disparity in valuation.
Despite the overvaluation, Lattice Semiconductor Corp. has delivered impressive returns, outperforming the S&P 500 with a 1-year return of 37.58% compared to the index's 17.14%. However, the significant valuation ratios suggest that investors may be paying a premium for the stock, which could pose risks if future growth does not meet expectations.