TTM Technologies, Inc.

NasdaqGS:TTMI Stock Report

Market Cap: US$2.4b

TTM Technologies Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: TTMI ($23.27) is trading above our estimate of fair value ($16.04)

Significantly Below Fair Value: TTMI is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As TTMI is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TTMI. This is calculated by dividing TTMI's market cap by their current earnings.
What is TTMI's PE Ratio?
PE Ratio34.7x
EarningsUS$68.47m
Market CapUS$2.37b

Price to Earnings Ratio vs Peers

How does TTMI's PE Ratio compare to its peers?

The above table shows the PE ratio for TTMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.5x
CTS CTS
26.8x11.4%US$1.6b
BHE Benchmark Electronics
27.1x8.8%US$1.7b
SANM Sanmina
18.9x18.5%US$4.2b
PLXS Plexus
37.3x22.3%US$4.2b
TTMI TTM Technologies
34.7x50.9%US$2.4b

Price-To-Earnings vs Peers: TTMI is expensive based on its Price-To-Earnings Ratio (34.7x) compared to the peer average (27.5x).

Price to Earnings Ratio vs Industry

How does TTMI's PE Ratio compare vs other companies in the US Electronic Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SHMD SCHMID Group
3.1xn/aUS$119.90m
DSWL Deswell Industries
4xn/aUS$41.27m
SGE Strong Global Entertainment
3.8xn/aUS$12.27m
SPEC Spectaire Holdings
0.04xn/aUS$976.88k
TTMI 34.7xIndustry Avg. 23.6xNo. of Companies10PE01632486480+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TTMI is expensive based on its Price-To-Earnings Ratio (34.7x) compared to the US Electronic industry average (23.2x).

Price to Earnings Ratio vs Fair Ratio

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

TTMI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34.7x
Fair PE Ratio46.2x

Price-To-Earnings vs Fair Ratio: TTMI is good value based on its Price-To-Earnings Ratio (34.7x) compared to the estimated Fair Price-To-Earnings Ratio (46.2x).

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 TTMI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$23.27
US$26.50
+13.9%
5.7%US$29.00US$25.00n/a4
Nov ’25US$22.09
US$26.50
+20.0%
5.7%US$29.00US$25.00n/a4
Oct ’25US$18.24
US$24.81
+36.0%
5.7%US$27.25US$24.00n/a4
Sep ’25US$19.45
US$24.81
+27.6%
5.7%US$27.25US$24.00n/a4
Aug ’25US$19.54
US$24.81
+27.0%
5.7%US$27.25US$24.00n/a4
Jul ’25US$19.06
US$20.69
+8.5%
5.2%US$22.00US$19.00n/a4
Jun ’25US$18.60
US$20.19
+8.5%
6.3%US$22.00US$19.00n/a4
May ’25US$14.77
US$19.19
+29.9%
13.8%US$22.00US$15.00n/a4
Apr ’25US$15.22
US$19.19
+26.1%
13.8%US$22.00US$15.00n/a4
Mar ’25US$15.08
US$19.19
+27.2%
13.8%US$22.00US$15.00n/a4
Feb ’25US$14.32
US$18.69
+30.5%
11.9%US$20.75US$15.00n/a4
Jan ’25US$15.81
US$17.81
+12.7%
12.4%US$20.75US$15.00n/a4
Dec ’24US$14.98
US$17.81
+18.9%
12.4%US$20.75US$15.00n/a4
Nov ’24US$12.92
US$17.31
+34.0%
12.2%US$20.75US$15.00US$22.094
Oct ’24US$12.88
US$16.69
+29.6%
16.6%US$20.75US$13.00US$18.244
Sep ’24US$14.87
US$16.69
+12.2%
16.6%US$20.75US$13.00US$19.454
Aug ’24US$14.37
US$15.19
+5.7%
22.3%US$20.75US$12.00US$19.544
Jul ’24US$13.90
US$15.19
+9.3%
22.3%US$20.75US$12.00US$19.064
Jun ’24US$13.40
US$15.19
+13.3%
22.3%US$20.75US$12.00US$18.604
May ’24US$11.84
US$16.44
+38.8%
15.7%US$20.75US$14.00US$14.774
Apr ’24US$13.49
US$16.44
+21.8%
15.7%US$20.75US$14.00US$15.224
Mar ’24US$13.51
US$16.44
+21.7%
15.7%US$20.75US$14.00US$15.084
Feb ’24US$16.12
US$18.19
+12.8%
8.4%US$20.75US$17.00US$14.324
Jan ’24US$15.08
US$17.94
+18.9%
9.9%US$20.75US$16.00US$15.814
Dec ’23US$16.05
US$17.95
+11.8%
8.8%US$20.75US$16.00US$14.985
Nov ’23US$15.36
US$19.13
+24.5%
13.8%US$24.00US$16.00US$12.926

Analyst Forecast: Target price is less than 20% higher than the current share price.

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