Is TTM Technologies, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for TTM Technologies, Inc. has moved from attractive to very expensive. The company appears to be overvalued given its high P/E ratio of 37, which is significantly above the peer average of 45.23, and an EV to EBITDA ratio of 11.71, which also exceeds the industry benchmark. Additionally, the PEG ratio of 0.62 indicates that the stock may not be justified at its current price relative to its growth prospects.
In comparison with its peers, Camtek Ltd. has a P/E of 30.24, while Knowles Corp. shows a much higher P/E of 57.20, indicating a wide range of valuations within the industry. TTM Technologies' recent stock performance has been impressive, with a year-to-date return of 130.95%, significantly outpacing the S&P 500's return of 13.30% in the same period, but this strong performance does not negate the overvaluation indicated by its ratios.