Impinj, Inc. (PI)
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-04
$172.57-1.45%
Close 2026-09-04 · 1-day change
NASDAQInformation TechnologySemiconductorsSnapshot 2026-09-04
QuarterlyIQ Insights · PI
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 8 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $173, PI's earnings are too small for P/E to mean much; on sales it trades at 14× p/s (3.2× the 4.5× p/s peer median, and 1.2× even its own history). At a normal multiple the price implies ~59% near-term growth vs our ~19% forecast. That gap is an optionality premium a financial-multiple model can't price — our $108 fair value covers only the as-is business, low confidence. Analysts target $168–$220. Note: our $108 fair value sits below the entire analyst range ($168–$220). Even valued only for durable growth at sustainable margins, it's worth about $207 — above today's price, so the premium reflects that growth case, not pure multiple expansion. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $190.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $18.57 | — | — | Analyst | high |
| dcf fcff | 12M | $120.96 | — | — | Analyst | high |
| Peer P/FCF | 12M | $50.94 | 25.1 | 2.03 | TTM | high |
| Peer P/E | 12M |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Below average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$168.00 – $220.00 (median $190.00) · 3 analysts · as of 2026-08-20
Only expensive valuation — not the full expensive x weak x turbulent stack. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| $52.76 |
| 31.8 |
| 1.66 |
| TTM |
| high |
| Peer P/S | 12M | $53.84 | 4.5 | 11.98 | TTM | high |
| PEG | 12M | $78.56 | 47.3 | 1.66 | TTM | high |
| triangulated | 12M | $56.83 | 31.8 | 1.79 | Triangulated | high |
| Peer P/E | 3Y | $113.79 | 31.8 | 3.58 | Analyst | medium |
| Peer P/S | 3Y | $86.68 | 4.5 | 19.29 | Analyst | medium |
| PEG | 3Y | $169.42 | 47.3 | 3.58 | Analyst | medium |
| Peer P/E | 5Y | $150.48 | 31.8 | 4.73 | Analyst | medium |
| Peer P/S | 5Y | $114.64 | 4.5 | 25.51 | Analyst | medium |
| PEG | 5Y | $224.06 | 47.3 | 4.73 | Analyst | medium |