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 of its value. The company appears to be undervalued, particularly when considering its P/E ratio of 34, which is lower than the peer average of approximately 36.95 for Qorvo, and its EV to EBITDA ratio of 14.80, which also suggests potential for growth compared to peers like Skyworks Solutions, Inc. with a P/E of 20.61. Additionally, the PEG ratio stands at 1.49, indicating that the stock may be undervalued relative to its earnings growth potential.
In terms of peer comparison, Qorvo's valuation metrics suggest it is positioned favorably against competitors, with Skyworks Solutions showing a P/E of 20.61 and Enphase Energy at 24.23. However, Qorvo's recent stock performance has been mixed, with a year-to-date return of 29.72% compared to the S&P 500's 15.47%, but it has underperformed over longer periods, including a one-year return of -8.86% against the S&P's 16.90%. Overall, Qorvo's current valuation metrics and peer comparisons suggest it is undervalued in the market.