Is Veeco Instruments, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Veeco Instruments, Inc. has moved from expensive to fair. This suggests that the company is fairly valued at present. Key valuation ratios include a P/E ratio of 13, an EV to EBITDA of 12.38, and a PEG ratio of 1.07, indicating a reasonable valuation relative to its earnings growth prospects.
In comparison to peers, Littelfuse, Inc. has a much higher P/E ratio of 30.08, while Universal Display Corp. shows a more attractive valuation with a P/E of 28.20. Despite the fair valuation, Veeco's stock has outperformed the S&P 500 over the past week and month, with returns of 5.77% and 2.74%, respectively, while the S&P 500 experienced declines.