Is Skyworks Solutions, Inc. overvalued or undervalued?

As of 19 September 2025, the valuation grade for Skyworks Solutions, Inc. has moved from fair to expensive, indicating a shift in its perceived value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 19, an EV to EBITDA of 9.49, and a Price to Book Value of 1.81. In comparison, its peer Enphase Energy, Inc. has a higher P/E ratio of 24.23 and an EV to EBITDA of 17.55, suggesting that Skyworks may not justify its current valuation relative to its peers.
The company's recent performance shows a significant decline, with a YTD return of -10.97%, compared to the S&P 500's positive return of 13.31% during the same period. This underperformance reinforces the notion that Skyworks Solutions, Inc. is overvalued in the current market environment.