Is Qorvo, Inc. overvalued or undervalued?

As of 24 October 2025, the valuation grade for Qorvo, Inc. moved from fair to very attractive, indicating a shift towards a more favorable assessment. Based on the current metrics, Qorvo appears to be undervalued, particularly when considering its P/E ratio of 34, which is lower than the peer average of 36.95 for similar companies, and an EV to EBITDA ratio of 14.80, which also suggests a more favorable valuation compared to peers like Skyworks Solutions, Inc. with an EV to EBITDA of 10.27. Additionally, the PEG ratio stands at 1.49, indicating potential growth relative to its price.
In comparison to its peers, Qorvo's valuation ratios suggest it is positioned well within the industry, especially against Skyworks Solutions, Inc. and Enphase Energy, Inc., which have P/E ratios of 20.61 and 24.23, respectively. Despite recent underperformance with a 1-year return of -8.86% compared to the S&P 500's 16.90%, the year-to-date return of 29.72% indicates a strong recovery potential, reinforcing the view that Qorvo is currently undervalued in the market.