Is TTM Technologies, Inc. overvalued or undervalued?

As of 3 October 2025, the valuation grade for TTM Technologies, Inc. has moved from very expensive to expensive, indicating a slight improvement in perceived value. The company appears to be overvalued based on its current metrics, particularly with a P/E ratio of 37, which is significantly higher than peers like Camtek Ltd. at 30.24 and Bel Fuse, Inc. at 38.21. Additionally, TTM's EV to EBITDA stands at 11.71, while its PEG ratio of 0.62 suggests that growth expectations may not justify its current price.
In comparison to its peers, TTM Technologies, Inc. has a higher P/E ratio than the industry average, which raises concerns about its valuation. The company's recent stock performance has outpaced the S&P 500, with a year-to-date return of 139.11% compared to the S&P 500's 14.18%, reinforcing the notion that while the stock has performed well, it may be priced too high relative to its fundamentals.