Is Veeco Instruments, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Veeco Instruments, Inc. has moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 13, an EV to EBITDA of 12.38, and a PEG ratio of 1.07, which suggest that while the company is not undervalued, it is also not significantly overvalued compared to its peers.
In comparison to its peers, Littelfuse, Inc. has a P/E ratio of 30.08, indicating it is very expensive, while Universal Display Corp. has a P/E of 28.20, categorized as very attractive. This positions Veeco favorably within its industry, suggesting a balanced valuation. Notably, over the past five years, Veeco has returned 135.13%, outperforming the S&P 500's return of 91.29%, although it has underperformed in the one-year period.