Is Vicor Corp. overvalued or undervalued?

As of 29 April 2025, the valuation grade for Vicor Corp. has moved from fair to very expensive, indicating a significant shift in its market perception. The company is currently overvalued, with a P/E ratio of 101, which is substantially higher than its peers, such as TTM Technologies, Inc. at 40.16 and Camtek Ltd. at 27.68. Additionally, Vicor's EV to EBITDA stands at 63.01, compared to TTM's 12.69, further highlighting its inflated valuation relative to the industry. Notably, Vicor's ROCE is only 5.93% and ROE is at 4.39%, which are low figures that do not justify its high valuation metrics. The company's recent stock performance has also been underwhelming, with a year-to-date return of -9.29%, contrasting sharply with the S&P 500's gain of 2.44% over the same period. Overall, Vicor Corp. appears to be significantly overvalued based on its current financial ratios and peer comparisons.