PI Valuation

Impinj Inc

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161.770

-5.6(-3.346%)1D

Overview
Forecast
Valuation
Earnings

PI Relative Valuation

PI's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, PI is overvalued; if below, it's undervalued.

Historical Valuation

Impinj Inc (PI) is now in the Overvalued zone, suggesting that its current forward PS ratio of 12.44 is considered Overvalued compared with the five-year average of 145.02. The fair price of Impinj Inc (PI) is between 76.41 to 127.03 according to relative valuation methord. Compared to the current price of 161.77 USD , Impinj Inc is Overvalued By 27.35%.

Relative Value

Fair Zone

76.41-127.03

Current Price：161.77

27.35%

Overvalued

72.59

Trailing

Forward

72.32

EV/EBITDA

Impinj Inc. (PI) has a current EV/EBITDA of 72.32. The 5-year average EV/EBITDA is 88.09. The thresholds are as follows: Strongly Undervalued below -323.64, Undervalued between -323.64 and -117.78, Fairly Valued between 293.95 and -117.78, Overvalued between 293.95 and 499.82, and Strongly Overvalued above 499.82. The current Forward EV/EBITDA of 72.32 falls within the Historic Trend Line -Fairly Valued range.

318.46

EV/EBIT

Impinj Inc. (PI) has a current EV/EBIT of 318.46. The 5-year average EV/EBIT is -87.45. The thresholds are as follows: Strongly Undervalued below -1185.16, Undervalued between -1185.16 and -636.31, Fairly Valued between 461.40 and -636.31, Overvalued between 461.40 and 1010.25, and Strongly Overvalued above 1010.25. The current Forward EV/EBIT of 318.46 falls within the Historic Trend Line -Fairly Valued range.

12.44

Impinj Inc. (PI) has a current PS of 12.44. The 5-year average PS is 8.12. The thresholds are as follows: Strongly Undervalued below 3.26, Undervalued between 3.26 and 5.69, Fairly Valued between 10.56 and 5.69, Overvalued between 10.56 and 12.99, and Strongly Overvalued above 12.99. The current Forward PS of 12.44 falls within the Overvalued range.

81.58

P/OCF

Impinj Inc. (PI) has a current P/OCF of 81.58. The 5-year average P/OCF is 60.92. The thresholds are as follows: Strongly Undervalued below -188.71, Undervalued between -188.71 and -63.89, Fairly Valued between 185.73 and -63.89, Overvalued between 185.73 and 310.54, and Strongly Overvalued above 310.54. The current Forward P/OCF of 81.58 falls within the Historic Trend Line -Fairly Valued range.

165.89

P/FCF

Impinj Inc. (PI) has a current P/FCF of 165.89. The 5-year average P/FCF is -60.04. The thresholds are as follows: Strongly Undervalued below -447.93, Undervalued between -447.93 and -253.99, Fairly Valued between 133.90 and -253.99, Overvalued between 133.90 and 327.84, and Strongly Overvalued above 327.84. The current Forward P/FCF of 165.89 falls within the Overvalued range.

Impinj Inc (PI) has a current Price-to-Book (P/B) ratio of 25.07. Compared to its 3-year average P/B ratio of 162.36 , the current P/B ratio is approximately -84.56% higher. Relative to its 5-year average P/B ratio of 77.49, the current P/B ratio is about -67.65% higher. Impinj Inc (PI) has a Forward Free Cash Flow (FCF) yield of approximately 0.56%. Compared to its 3-year average FCF yield of -0.15%, the current FCF yield is approximately -475.46% lower. Relative to its 5-year average FCF yield of -0.61% , the current FCF yield is about -192.73% lower.

25.07

P/B

Median3y

162.36

Median5y

77.49

0.56

FCF Yield

Median3y

-0.15

Median5y

-0.61

Competitors Valuation Multiple

The average P/S ratio for PI's competitors is 5.76, providing a benchmark for relative valuation. Impinj Inc Corp (PI) exhibits a P/S ratio of 12.44, which is 116.15% above the industry average. Given its robust revenue growth of -4.49%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Silicon Laboratories Inc

Tower Semiconductor Ltd

Allegro Microsystems Inc

6.48

21.86%

5.68B

Performance Decomposition

Market capitalization of PI decreased by 3.77% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 9.72 to 11.80.

The secondary factor is the Revenue Growth, contributed -4.49%to the performance.

Overall, the performance of PI in the past 1 year is driven by Margin Expansion. Which is more sustainable.

-4.49%

102.50M → 97.89M

Revenue Growth

21.40%

9.72 → 11.80

Margin Expansion

-20.68%

-3.20K → -2.54K

P/E Change

-3.77%