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. The company appears undervalued, particularly when considering its P/E ratio of 34, which is lower than the peer average of 36.95 for Qorvo itself, and significantly lower than Lattice Semiconductor Corp.'s exorbitant P/E of 169.53. Additionally, Qorvo's EV to EBITDA stands at 14.80, which is competitive compared to peers like Enphase Energy, Inc. at 17.55.
In terms of returns, Qorvo has shown a year-to-date increase of 29.72%, outperforming the S&P 500's 15.47% during the same period, although it has struggled over longer time frames, with a 5-year return of -33.15% compared to the S&P's 95.99%. Overall, the combination of Qorvo's favorable valuation ratios and its recent performance relative to the S&P 500 supports the conclusion that the stock is undervalued.