Qorvo Valuation

Is QRVO undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of QRVO when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: QRVO ($69.51) is trading below our estimate of fair value ($139.07)

Significantly Below Fair Value: QRVO is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for QRVO?

Key metric: As QRVO is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for QRVO. This is calculated by dividing QRVO's market cap by their current revenue.
What is QRVO's PS Ratio?
PS Ratio1.7x
SalesUS$3.95b
Market CapUS$6.46b

Price to Sales Ratio vs Peers

How does QRVO's PS Ratio compare to its peers?

The above table shows the PS ratio for QRVO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.9x
TSEM Tower Semiconductor
3.9x9.2%US$5.5b
SITM SiTime
33.3x23.8%US$5.4b
OLED Universal Display
11.6x14.9%US$7.5b
CRUS Cirrus Logic
2.9x2.3%US$5.5b
QRVO Qorvo
1.7x3.6%US$6.5b

Price-To-Sales vs Peers: QRVO is good value based on its Price-To-Sales Ratio (1.7x) compared to the peer average (12.9x).


Price to Sales Ratio vs Industry

How does QRVO's PS Ratio compare vs other companies in the US Semiconductor Industry?

16 CompaniesPrice / SalesEstimated GrowthMarket Cap
UCTT Ultra Clean Holdings
0.9x10.5%US$1.72b
JKS JinkoSolar Holding
0.1x9.6%US$1.43b
CSIQ Canadian Solar
0.1x15.2%US$794.62m
SEDG SolarEdge Technologies
0.8x20.9%US$740.60m
QRVO 1.7xIndustry Avg. 4.0xNo. of Companies17PS03.67.210.814.418+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: QRVO is good value based on its Price-To-Sales Ratio (1.7x) compared to the US Semiconductor industry average (4x).


Price to Sales Ratio vs Fair Ratio

What is QRVO's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

QRVO PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.7x
Fair PS Ratio2.4x

Price-To-Sales vs Fair Ratio: QRVO is good value based on its Price-To-Sales Ratio (1.7x) compared to the estimated Fair Price-To-Sales Ratio (2.4x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst QRVO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$69.51
US$93.69
+34.8%
15.6%US$135.00US$72.00n/a22
Dec ’25US$69.05
US$93.69
+35.7%
15.6%US$135.00US$72.00n/a22
Nov ’25US$71.86
US$96.58
+34.4%
16.3%US$135.00US$72.00n/a21
Oct ’25US$99.78
US$125.62
+25.9%
10.7%US$156.00US$85.00n/a23
Sep ’25US$115.89
US$125.62
+8.4%
10.7%US$156.00US$85.00n/a23
Aug ’25US$110.65
US$125.21
+13.2%
11.1%US$156.00US$85.00n/a23
Jul ’25US$117.81
US$109.94
-6.7%
9.7%US$128.00US$82.00n/a24
Jun ’25US$98.39
US$110.57
+12.4%
9.9%US$128.00US$82.00n/a24
May ’25US$111.89
US$115.80
+3.5%
9.9%US$136.00US$84.00n/a25
Apr ’25US$114.15
US$115.92
+1.5%
10.0%US$136.00US$84.00n/a25
Mar ’25US$119.62
US$115.92
-3.1%
10.0%US$136.00US$84.00n/a25
Feb ’25US$105.75
US$115.84
+9.5%
10.0%US$136.00US$84.00n/a26
Jan ’25US$112.61
US$108.93
-3.3%
12.9%US$136.00US$79.00n/a27
Dec ’24US$97.42
US$108.10
+11.0%
12.1%US$136.00US$79.00US$69.0527
Nov ’24US$87.82
US$113.62
+29.4%
11.6%US$136.00US$78.00US$71.8627
Oct ’24US$95.47
US$116.16
+21.7%
8.6%US$136.00US$95.00US$99.7827
Sep ’24US$108.45
US$115.98
+6.9%
8.5%US$136.00US$95.00US$115.8927
Aug ’24US$110.21
US$111.15
+0.9%
11.2%US$140.00US$94.00US$110.6526
Jul ’24US$102.03
US$110.54
+8.3%
11.4%US$140.00US$94.00US$117.8124
Jun ’24US$98.43
US$110.54
+12.3%
11.4%US$140.00US$94.00US$98.3924
May ’24US$92.84
US$108.96
+17.4%
11.7%US$136.00US$85.00US$111.8925
Apr ’24US$101.57
US$110.38
+8.7%
11.5%US$136.00US$85.00US$114.1524
Mar ’24US$100.45
US$108.78
+8.3%
12.6%US$136.00US$85.00US$119.6223
Feb ’24US$113.53
US$99.56
-12.3%
13.3%US$128.00US$80.00US$105.7523
Jan ’24US$90.64
US$97.29
+7.3%
13.7%US$128.00US$80.00US$112.6124
Dec ’23US$97.25
US$97.40
+0.2%
13.4%US$128.00US$80.00US$97.4225

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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