Is Qorvo, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for Qorvo, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time, with a P/E ratio of 34, a Price to Book Value of 2.15, and an EV to EBITDA of 14.80. In comparison, peers such as Skyworks Solutions, Inc. have a P/E of 20.61, while Enphase Energy, Inc. shows a more favorable EV to EBITDA of 17.55, suggesting that Qorvo's valuation may be on the higher side relative to its industry.
Recent stock performance shows that Qorvo has outperformed the S&P 500 over the past week and year, with returns of 5.14% and 25.57%, respectively, compared to 3.73% and 14.18% for the index. However, its longer-term performance has lagged, with a 5-year return of -42.78% versus the S&P 500's 88.25%, reinforcing the notion that while Qorvo may be fairly valued now, its historical performance raises concerns about its future growth potential.