Is Vicor Corp. overvalued or undervalued?

As of 22 July 2025, the valuation grade for Vicor Corp. moved from very expensive to fair. Based on the current metrics, Vicor appears to be fairly valued. The company has a P/E ratio of 101, a Price to Book Value of 4.43, and an EV to EBITDA of 63.01, which are all relatively high compared to its peers. For instance, TTM Technologies, Inc. has a P/E of 45.23, while Camtek Ltd. shows a more attractive P/E of 30.24.
In terms of recent performance, Vicor Corp. has outperformed the S&P 500 with a 1-year return of 48.93% compared to the index's 17.14%. However, over the longer term, the company has struggled, with a 5-year return of -32.62% against the S&P's 96.61%. This mixed performance suggests that while Vicor may be fairly valued now, its historical volatility and high valuation ratios warrant caution.