Is Vishay Intertechnology, Inc. overvalued or undervalued?

As of 5 February 2025, the valuation grade for Vishay Intertechnology, Inc. has moved from expensive to risky, indicating a shift in perception regarding its market value. Based on the current metrics, the company appears to be overvalued. The P/E ratio stands at 53, significantly higher than the industry average, while the EV to EBITDA ratio is 9.10, suggesting a premium valuation compared to peers like Littelfuse, Inc. with a P/E of 30.08 and Universal Display Corp. at 28.20.
Additionally, the Price to Book Value is 1.09, and the Dividend Yield is notably high at 25.22%, which may attract income-focused investors despite the underlying valuation concerns. Recent performance shows that Vishay Intertechnology has underperformed compared to the S&P 500 over multiple periods, with a year-to-date return of -6.67% versus the S&P 500's 12.22%, reinforcing the notion that the stock may be overvalued in the current market environment.