Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ImpinjPI +1.08%74 Price-to-Tangible-Book is 25.58 as of Aug. 29, 2026. GuruFocus rates PI with a GF Score™ of 74/100 and a GF Value™ of $137.74 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 976 Semiconductors companies, Impinj ranks worse than 95.29% on this metric.
As of today (2026-08-29), Impinj's share price is $170.08. Impinj's Tangible Book per Share of Jun. 2026 for the quarter that ended in Jun. 2026 was $6.65. Hence, Impinj's Price to Tangible Book Ratio of today is 25.58.
The historical rank and industry rank for Impinj's Price-to-Tangible-Book or its related term are showing as below:
PI'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 2.65 Med: 12.02 Max: 4738.42
Current: 25.58
During the past 13 years, Impinj's highest Price to Tangible Book Ratio was 4738.42. The lowest was 2.65. And the median was 12.02.
PI's Price-to-Tangible-Book is ranked worse than 95.29% of 976
companies
in the Semiconductors industry
Industry Median: 3.49
vs PI: 25.58
A closely related ratio is called PB Ratio. As of today, Impinj's share price is $170.08. Impinj's Book Value per Sharefor the quarter that ended in Jun. 2026 was $7.58. Hence, Impinj's P/B Ratio of today is 22.44.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Impinj Price-to-Tangible-Book Related Terms
Impinj Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Impinj's Price-to-Tangible-Book 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.
PI vs LASR, DIOD, POWI: Price-to-Tangible-Book Comparison
For the Semiconductors subindustry, Impinj's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Impinj's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Impinj's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Impinj (PI) has a Price-to-Tangible-Book of 25.58 as of Aug. 29, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Impinj and its competitors. According to the industry distribution chart, Impinj ranks #930 out of 976 companies in the Semiconductors industry, placing it in the top 95.3%.
Is Impinj's Price-to-Tangible-Book too high?
Impinj's current Price-to-Tangible-Book is 25.58. The Semiconductors industry median Price-to-Tangible-Book is 3.49. Impinj's value of 25.58 is 633% above this industry median. Based on the distribution chart, Impinj ranks #930 out of 976 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 Price-to-Tangible-Book compare to LASR and DIOD?
According to the Semiconductors industry distribution chart, Impinj ranks #930 out of 976 companies for Price-to-Tangible-Book. This places Impinj in the lower half of its industry. The industry median Price-to-Tangible-Book is 3.49. Impinj's value of 25.58 is 633% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for a Semiconductors company?
The median Price-to-Tangible-Book among Semiconductors companies is 3.49, based on 976 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Impinj's current Price-to-Tangible-Book of 25.58 is 633% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Impinj and its competitors. For the Semiconductors industry, the median Price-to-Tangible-Book is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Impinj's current Price-to-Tangible-Book is 25.58. 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 $137.74, compared to a current price of $170.08 — trading 23.5% above its estimated fair value. The current Price-to-Tangible-Book is 25.58 and 633% above the Semiconductors industry median of 3.49. 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 Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Impinj (PI), the current Price-to-Tangible-Book is 25.58 as of Aug. 29, 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 $170.08 is trading 23.5% above its estimated GF Value™ of $137.74.
GuruFocus considers Impinj to be Modestly Overvalued.
Key valuation signals for PI:
Price-to-Tangible-Book: 25.58
GF Value™: $137.74 vs. price of $170.08 (23.5% above fair value)
Industry Position: 633% above the Semiconductors median (#930 of 976)
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
Get the complete analysis for PI
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
PI has been successfully added to your 
