Is Rambus, Inc. overvalued or undervalued?

As of 10 October 2025, the valuation grade for Rambus, Inc. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued at this time. Key valuation ratios include a P/E ratio of 30, an EV to EBITDA of 22.82, and a Price to Book Value of 5.32. In comparison, peers such as Skyworks Solutions, Inc. have a P/E of 20.61, while Qorvo, Inc. shows a higher P/E of 36.95, suggesting that Rambus is positioned moderately within its competitive landscape.
Rambus has demonstrated strong performance with a year-to-date return of 69.45%, significantly outperforming the S&P 500's return of 11.41% in the same period. This performance, alongside its solid ROCE of 32.46% and ROE of 17.53%, reinforces the notion that while the stock is fairly valued, it has the potential for continued growth in the future.