Is Qorvo, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Qorvo, Inc. has moved from very attractive to fair, indicating a shift in its perceived value. Based on the current metrics, Qorvo appears to be fairly valued. The company has a P/E ratio of 34, an EV to EBITDA ratio of 14.80, and a PEG ratio of 1.49, which suggest that while it is not undervalued, it is also not significantly overvalued compared to its peers.
In comparison to its peers, Skyworks Solutions, Inc. has a P/E ratio of 20.61 and an EV to EBITDA of 10.27, indicating that Qorvo is trading at a premium relative to this competitor. Enphase Energy, Inc. also shows a fair valuation with a P/E of 24.23. Notably, Qorvo's recent stock performance has been mixed; while it outperformed the S&P 500 with a year-to-date return of 31.75% compared to the index's 13.30%, it has underperformed over the longer term, with a one-year return of -11.65% versus the S&P 500's 14.08%.