Qorvo, Inc. Experiences Revision in Its Stock Evaluation Amid Competitive Market Landscape

Qorvo, Inc., a small-cap player in the Other Electrical Equipment industry, has recently undergone a valuation adjustment. The company currently presents a P/E ratio of 34, alongside a price-to-book value of 2.15. Its EV to EBIT stands at 33.60, while the EV to EBITDA is recorded at 14.80. The PEG ratio is noted at 1.49, and the latest return on capital employed (ROCE) is 5.94%, with a return on equity (ROE) of 6.25%.
In comparison to its peers, Qorvo's valuation metrics reveal a distinct positioning. Skyworks Solutions, Inc. shows a P/E of approximately 20.61, while Lattice Semiconductor Corp. is marked by a significantly higher P/E of 169.53, indicating a stark contrast in market perceptions. Enphase Energy, Inc. also maintains a fair valuation with a P/E of 24.23.

Despite recent fluctuations in stock price, with a current price of $90.71, Qorvo's year-to-date return of 29.72% outpaces the S&P 500's 15.47%. However, over longer periods, Qorvo's performance has lagged behind the broader market, highlighting the competitive landscape within its sector.