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

Qorvo, Inc., a small-cap player in the Other Electrical Equipment industry, has recently undergone a valuation adjustment, reflecting a shift in its financial standing. The company currently exhibits 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 EV to Capital Employed ratio is 2.00, and the EV to Sales is 2.11. The PEG ratio is noted at 1.49, with a return on capital employed (ROCE) of 5.94% and a return on equity (ROE) of 6.25%.
When compared to its peers, Qorvo's valuation metrics present a notable contrast. Skyworks Solutions, Inc. holds a P/E ratio of 20.61, while Lattice Semiconductor Corp. shows a significantly higher P/E of 169.53. Enphase Energy, Inc. is also positioned with a P/E of 24.23. In terms of performance, Qorvo has demonstrated a year-to-date return of 35.74%, surpassing the S&P 500's return of 16.30% over the same period. However, its longer-term performance reveals a decline over five and ten years, contrasting with the S&P 500's growth. This evaluation adjustment highlights Qorvo's evolving market position amid its competitive landscape.