P/E Ratio

The P/E ratio of 21.8x means Qorvo’s stock price is 21.8 times its trailing twelve months of earnings per share — a lower number generally indicates the stock is cheaper relative to its profits.

This sits well below the Technology sector median of 37.0x, placing Qorvo in the 31st percentile among sector peers, meaning about 69% of peers have higher P/E ratios. Trend data is limited: the year-over-year change is not available, but the quarter-over-quarter change shows a +0.6% increase from the prior quarter’s 21.7x. A below-median P/E combined with a slight upward move suggests the stock has been undervalued relative to peers, but the small rise could indicate improving sentiment or earnings changes. For a cautious overall verdict, this metric is supportive — a lower-than-median P/E offers a potential margin of safety, yet the limited trend data and cautious stance warn against expecting rapid revaluation.

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