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. This indicates that the company is overvalued at its current price of $57.16. Key ratios highlight this assessment, including a P/E ratio of 37, an EV to EBITDA of 11.71, and a Price to Book Value of 2.18, all of which suggest that the stock is priced higher than its fundamental value.
In comparison to peers, TTM Technologies has a significantly higher P/E ratio than Camtek Ltd. at 30.24 and Bel Fuse, Inc. at 38.21, while also showing a higher EV to EBITDA ratio than Camtek Ltd. at 30.31. Despite the overvaluation, TTM Technologies has delivered impressive returns, outperforming the S&P 500 with a year-to-date return of 130.95% compared to the index's 13.30%.