ImpinjPI +3.74%74 Debt-to-Equity is 1.30 as of Mar. 2026, which is 94% above its 10-year median of 0.67. GuruFocus rates PI with a GF Score™ of 74/100 and a GF Value™ of $123.10 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 900 Semiconductors companies, Impinj ranks worse than 89.22% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Impinj's Debt-to-Equity or its related term are showing as below:
PI'
s Debt-to-Equity Range Over the Past 10 Years
Min: -48.3 Med: 0.67 Max: 143.18
Current: 1.3
During the past 13 years, the highest Debt-to-Equity Ratio of Impinj was 143.18. The lowest was -48.30. And the median was 0.67.
PI's Debt-to-Equity is ranked worse than 89.22% of 900
companies
in the Semiconductors industry
Industry Median: 0.25
vs PI: 1.30
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Impinj Debt-to-Equity Related Terms
Impinj Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Impinj's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Semiconductors subindustry, Impinj's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Impinj Debt-to-Equity vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Impinj's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Impinj's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Impinj (PI) has a Debt-to-Equity of 1.30 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Impinj and its competitors. This is 94% above median its historical median of 0.67. According to the industry distribution chart, Impinj ranks #803 out of 900 companies in the Semiconductors industry, placing it in the top 89.2%.
Is Impinj's Debt-to-Equity too high?
Impinj's current Debt-to-Equity of 1.30 is 94% above median its 10-year median of 0.67. The Semiconductors industry median Debt-to-Equity is 0.25. Impinj's value of 1.30 is 420% above this industry median. Based on the distribution chart, Impinj ranks #803 out of 900 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Impinj has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Impinj's Debt-to-Equity compare to NVTS and POWI?
According to the Semiconductors industry distribution chart, Impinj ranks #803 out of 900 companies for Debt-to-Equity. This places Impinj in the lower half of its industry. The industry median Debt-to-Equity is 0.25. Impinj's value of 1.30 is 420% above this benchmark. While the company's 10-year median is 0.67 vs. the industry median of 0.25, Impinj has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Semiconductors company?
The median Debt-to-Equity among Semiconductors companies is 0.25, based on 900 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Impinj's current Debt-to-Equity of 1.30 is 420% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Impinj and its competitors. For the Semiconductors industry, the median Debt-to-Equity is 0.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Impinj's current Debt-to-Equity is 1.30, which is 94% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Impinj stock overvalued right now?
Based on GuruFocus' analysis, Impinj (PI) is currently considered Modestly Overvalued. The stock's GF Value™ is $123.10, compared to a current price of $146.88 — trading 19.3% above its estimated fair value. The current Debt-to-Equity is 1.30, which is 94% above median its 10-year median of 0.67 and 420% above the Semiconductors industry median of 0.25. Impinj's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Impinj (PI), the current Debt-to-Equity is 1.30 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Impinj (PI) Overvalued in 2026?
Based on GuruFocus' analysis, Impinj stock appears to be overvalued.
The current stock price of $146.88 is trading 19.3% above its estimated GF Value™ of $123.10.
GuruFocus considers Impinj to be Modestly Overvalued.
Key valuation signals for PI:
Debt-to-Equity: 1.30 (94% above median its 10-year median of 0.67)
GF Value™: $123.10 vs. price of $146.88 (19.3% above fair value)
Industry Position: 420% above the Semiconductors median (#803 of 900)
No single metric tells the full story. See the PI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Impinj Inc operates a platform that enables wireless connectivity to everyday items by delivering each item's identity, location, and authenticity to business and consumer applications. Its platform includes endpoint integrated circuits (ICs) product, a miniature radios-on-a-chip, which attach to and identify their host items; and connectivity layer that comprises readers, gateways, and reader ICs to wirelessly identify, locate, authenticate, and engage endpoints via RAIN, as well as provide power to and communicate bidirectionally with endpoint ICs. Geographically, the company has a business presence in the Americas, Asia Pacific, Europe, Middle East and Africa, of which key revenue is derived from the operations in the Asia Pacific region.
74GF Score
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