IMPINJ INC (PI) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:PI • US4532041096

153.83 USD
+1.61 (+1.06%)
At close: Feb 5, 2026
108.54 USD
-45.29 (-29.44%)
Pre-Market: 2/6/2026, 6:17:02 AM
Fundamental Rating

3

PI gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 113 industry peers in the Semiconductors & Semiconductor Equipment industry. PI scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. PI is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

  • In the past year PI was profitable.
  • PI had a positive operating cash flow in the past year.
  • PI had negative earnings in 4 of the past 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: PI reported negative operating cash flow in multiple years.
PI Yearly Net Income VS EBIT VS OCF VS FCFPI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M

1.2 Ratios

  • PI's Return On Assets of -3.11% is on the low side compared to the rest of the industry. PI is outperformed by 61.95% of its industry peers.
  • The Return On Equity of PI (-8.23%) is worse than 66.37% of its industry peers.
Industry RankSector Rank
ROA -3.11%
ROE -8.23%
ROIC N/A
ROA(3y)-3.55%
ROA(5y)-10.38%
ROE(3y)-85.19%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
PI Yearly ROA, ROE, ROICPI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200 400

1.3 Margins

  • Looking at the Gross Margin, with a value of 52.21%, PI is in the better half of the industry, outperforming 68.14% of the companies in the same industry.
  • PI's Gross Margin has been stable in the last couple of years.
  • The Profit Margin and Operating Margin are not available for PI so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 52.21%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.28%
GM growth 5Y1.27%
PI Yearly Profit, Operating, Gross MarginsPI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. Health

2.1 Basic Checks

  • PI does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for PI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
PI Yearly Shares OutstandingPI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M 20M 25M
PI Yearly Total Debt VS Total AssetsPI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

2.2 Solvency

  • An Altman-Z score of 8.76 indicates that PI is not in any danger for bankruptcy at the moment.
  • PI has a better Altman-Z score (8.76) than 69.03% of its industry peers.
  • The Debt to FCF ratio of PI is 6.96, which is on the high side as it means it would take PI, 6.96 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 6.96, PI is in line with its industry, outperforming 53.10% of the companies in the same industry.
  • A Debt/Equity ratio of 0.94 indicates that PI is somewhat dependend on debt financing.
  • The Debt to Equity ratio of PI (0.94) is worse than 84.96% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF 6.96
Altman-Z 8.76
ROIC/WACCN/A
WACC10.71%
PI Yearly LT Debt VS Equity VS FCFPI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M 200M

2.3 Liquidity

  • PI has a Current Ratio of 2.67. This indicates that PI is financially healthy and has no problem in meeting its short term obligations.
  • With a Current ratio value of 2.67, PI perfoms like the industry average, outperforming 46.02% of the companies in the same industry.
  • A Quick Ratio of 1.97 indicates that PI should not have too much problems paying its short term obligations.
  • The Quick ratio of PI (1.97) is comparable to the rest of the industry.
Industry RankSector Rank
Current Ratio 2.67
Quick Ratio 1.97
PI Yearly Current Assets VS Current LiabilitesPI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • PI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 0.48%.
  • The Earnings Per Share has been growing by 30.06% on average over the past years. This is a very strong growth
EPS 1Y (TTM)0.48%
EPS 3Y30.06%
EPS 5YN/A
EPS Q2Q%4.17%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.4%

3.2 Future

  • Based on estimates for the next years, PI will show a very strong growth in Earnings Per Share. The EPS will grow by 50.01% on average per year.
  • The Revenue is expected to grow by 26.37% on average over the next years. This is a very strong growth
EPS Next Y41.12%
EPS Next 2Y39.25%
EPS Next 3Y50.01%
EPS Next 5YN/A
Revenue Next Year22.91%
Revenue Next 2Y23.22%
Revenue Next 3Y30.12%
Revenue Next 5Y26.37%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
PI Yearly Revenue VS EstimatesPI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 200M 400M 600M 800M
PI Yearly EPS VS EstimatesPI Yearly EPS VS EstimatesYearly EPS VS Estimates 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 2 4 6

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • PI is valuated quite expensively with a Price/Earnings ratio of 73.60.
  • PI's Price/Earnings is on the same level as the industry average.
  • PI's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.67.
  • Based on the Price/Forward Earnings ratio of 52.16, the valuation of PI can be described as expensive.
  • PI's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of PI to the average of the S&P500 Index (27.20), we can say PI is valued expensively.
Industry RankSector Rank
PE 73.6
Fwd PE 52.16
PI Price Earnings VS Forward Price EarningsPI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • PI's Enterprise Value to EBITDA ratio is in line with the industry average.
  • PI's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 115.03
EV/EBITDA 341.23
PI Per share dataPI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8 10

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • PI's earnings are expected to grow with 50.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.79
PEG (5Y)N/A
EPS Next 2Y39.25%
EPS Next 3Y50.01%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for PI!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

IMPINJ INC

NASDAQ:PI (2/5/2026, 8:00:01 PM)

Premarket: 108.54 -45.29 (-29.44%)

153.83

+1.61 (+1.06%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)02-05
Earnings (Next)04-21
Inst Owners105.18%
Inst Owner Change-0.34%
Ins Owners3.44%
Ins Owner Change-0.59%
Market Cap4.63B
Revenue(TTM)N/A
Net Income(TTM)-16.05M
Analysts82.35
Price Target244.8 (59.14%)
Short Float %9.09%
Short Ratio4.14
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.75%
Min EPS beat(2)10.06%
Max EPS beat(2)13.44%
EPS beat(4)3
Avg EPS beat(4)42.07%
Min EPS beat(4)-2.35%
Max EPS beat(4)147.13%
EPS beat(8)7
Avg EPS beat(8)70.29%
EPS beat(12)9
Avg EPS beat(12)54.73%
EPS beat(16)13
Avg EPS beat(16)182.14%
Revenue beat(2)2
Avg Revenue beat(2)1%
Min Revenue beat(2)0.68%
Max Revenue beat(2)1.31%
Revenue beat(4)3
Avg Revenue beat(4)-0.47%
Min Revenue beat(4)-4.41%
Max Revenue beat(4)1.31%
Revenue beat(8)6
Avg Revenue beat(8)0.18%
Revenue beat(12)6
Avg Revenue beat(12)-0.34%
Revenue beat(16)9
Avg Revenue beat(16)0.2%
PT rev (1m)0%
PT rev (3m)20.71%
EPS NQ rev (1m)0.67%
EPS NQ rev (3m)12.99%
EPS NY rev (1m)0%
EPS NY rev (3m)6.5%
Revenue NQ rev (1m)0.3%
Revenue NQ rev (3m)1.28%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)1.3%
Valuation
Industry RankSector Rank
PE 73.6
Fwd PE 52.16
P/S 12.87
P/FCF 115.03
P/OCF 83.29
P/B 23.76
P/tB 28.2
EV/EBITDA 341.23
EPS(TTM)2.09
EY1.36%
EPS(NY)2.95
Fwd EY1.92%
FCF(TTM)1.34
FCFY0.87%
OCF(TTM)1.85
OCFY1.2%
SpS11.95
BVpS6.48
TBVpS5.45
PEG (NY)1.79
PEG (5Y)N/A
Graham Number17.45
Profitability
Industry RankSector Rank
ROA -3.11%
ROE -8.23%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 52.21%
FCFM 11.19%
ROA(3y)-3.55%
ROA(5y)-10.38%
ROE(3y)-85.19%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.28%
GM growth 5Y1.27%
F-Score4
Asset Turnover0.7
Health
Industry RankSector Rank
Debt/Equity 0.94
Debt/FCF 6.96
Debt/EBITDA 13.68
Cap/Depr 101.73%
Cap/Sales 4.26%
Interest Coverage N/A
Cash Conversion 413.98%
Profit Quality N/A
Current Ratio 2.67
Quick Ratio 1.97
Altman-Z 8.76
F-Score4
WACC10.71%
ROIC/WACCN/A
Cap/Depr(3y)154.75%
Cap/Depr(5y)177.06%
Cap/Sales(3y)5.16%
Cap/Sales(5y)5.25%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)0.48%
EPS 3Y30.06%
EPS 5YN/A
EPS Q2Q%4.17%
EPS Next Y41.12%
EPS Next 2Y39.25%
EPS Next 3Y50.01%
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%1.4%
Revenue Next Year22.91%
Revenue Next 2Y23.22%
Revenue Next 3Y30.12%
Revenue Next 5Y26.37%
EBIT growth 1Y94.5%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year7.72%
EBIT Next 3Y28.73%
EBIT Next 5Y33.72%
FCF growth 1Y150.78%
FCF growth 3YN/A
FCF growth 5Y117.59%
OCF growth 1Y197.6%
OCF growth 3Y170.68%
OCF growth 5Y93.66%

IMPINJ INC / PI FAQ

What is the fundamental rating for PI stock?

ChartMill assigns a fundamental rating of 4 / 10 to PI.


Can you provide the valuation status for IMPINJ INC?

ChartMill assigns a valuation rating of 2 / 10 to IMPINJ INC (PI). This can be considered as Overvalued.


Can you provide the profitability details for IMPINJ INC?

IMPINJ INC (PI) has a profitability rating of 2 / 10.


What are the PE and PB ratios of IMPINJ INC (PI) stock?

The Price/Earnings (PE) ratio for IMPINJ INC (PI) is 73.6 and the Price/Book (PB) ratio is 23.76.


What is the financial health of IMPINJ INC (PI) stock?

The financial health rating of IMPINJ INC (PI) is 4 / 10.