Is Veeco Instruments, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Veeco Instruments, Inc. moved from expensive to fair. Based on the current metrics, the company appears fairly valued. The P/E ratio stands at 13, which is significantly lower than the peer average, indicating potential undervaluation relative to its competitors. The EV to EBITDA ratio is 12.38, and the PEG ratio is 1.07, both suggesting that the company is reasonably priced compared to its growth prospects.
In comparison to its peers, Littelfuse, Inc. has a P/E ratio of 30.08, while Universal Display Corp. shows a P/E of 28.20, highlighting that Veeco Instruments is trading at a discount relative to these companies. Although specific return data is not available, the absence of negative returns relative to the S&P 500 reinforces the notion that Veeco Instruments is not overvalued in the current market context.