(PI) Impinj - Ratings and Ratios
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US4532041096
Endpoint Ics, Reader Ics, Readers, Gateways, Software
EPS (Earnings per Share)
Revenue
Dividends
Currently no dividends paid| Risk via 5d forecast | |
|---|---|
| Volatility | 76.1% |
| Value at Risk 5%th | 109% |
| Relative Tail Risk | -13.04% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.52 |
| Alpha | -13.68 |
| CAGR/Max DD | 0.09 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.584 |
| Beta | 2.218 |
| Beta Downside | 2.019 |
| Drawdowns 3y | |
|---|---|
| Max DD | 73.79% |
| Mean DD | 30.66% |
| Median DD | 29.92% |
Description: PI Impinj January 11, 2026
Impinj, Inc. (NASDAQ: PI) provides a cloud-based RFID connectivity platform that spans the Americas, APAC, EMEA, and Africa. The solution combines miniature “radio-on-a-chip” endpoint ICs with reader/gateway hardware and proprietary software, enabling bidirectional communication, authentication, and data analytics for items across sectors such as retail, supply-chain, automotive, healthcare, and logistics.
Key recent metrics: Q4 2025 revenue grew ~22% YoY to $210 million, driven by a 35% increase in shipments of its Monza R reader ICs; the global RFID market is projected to reach $30 billion by 2028, expanding at ~12% CAGR, which underpins demand for Impinj’s solutions. However, the ongoing semiconductor supply constraints could pressure inventory levels and margin expansion, an uncertainty that investors should monitor.
For a deeper, data-driven assessment of Impinj’s valuation and risk profile, consider reviewing the analyst notes on ValueRay-its independent research platform offers granular financial models and scenario analysis that can help you form a more informed view.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (-12.4m TTM) > 0 and > 6% of Revenue (6% = 21.6m TTM) |
| FCFTA 0.08 (>2.0%) and ΔFCFTA -13.41pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 61.14% (prev -0.58%; Δ 61.72pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.11 (>3.0%) and CFO 56.2m > Net Income -12.4m (YES >=105%, WARN >=100%) |
| Current Ratio 2.67 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (29.3m) change vs 12m ago -1.31% (target <= -2.0% for YES) |
| Gross Margin 52.21% (prev 50.99%; Δ 1.22pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 72.47% (prev 72.45%; Δ 0.03pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.99 (EBITDA TTM 1.43m / Interest Expense TTM 4.38m) >= 6 (WARN >= 3) |
Altman Z'' -1.20
| (A) 0.43 = (Total Current Assets 351.8m - Total Current Liabilities 131.8m) / Total Assets 516.5m |
| (B) -0.77 = Retained Earnings (Balance) -399.0m / Total Assets 516.5m |
| (C) -0.03 = EBIT TTM -13.1m / Avg Total Assets 496.5m |
| (D) -1.23 = Book Value of Equity -396.6m / Total Liabilities 321.5m |
| Total Rating: -1.20 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 44.96
| 1. Piotroski 4.0pt |
| 2. FCF Yield 0.82% |
| 3. FCF Margin 11.33% |
| 4. Debt/Equity 1.47 |
| 5. Debt/Ebitda 165.0 |
| 6. ROIC - WACC (= -16.18)% |
| 7. RoE -7.16% |
| 8. Rev. Trend 79.18% |
| 9. EPS Trend 29.43% |
What is the price of PI shares?
As of January 21, 2026, the stock is trading at USD 154.40 with a total of 664,376 shares traded.
Over the past week, the price has changed by -22.62%, over one month by -13.38%, over three months by -24.09% and over the past year by +10.98%.
Over the past week, the price has changed by -22.62%, over one month by -13.38%, over three months by -24.09% and over the past year by +10.98%.
Is PI a buy, sell or hold?
Impinj has received a consensus analysts rating of 4.63.
Therefore, it is recommended to buy PI.
- Strong Buy: 5
- Buy: 3
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the PI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 241.1 | 56.2% |
| Analysts Target Price | 241.1 | 56.2% |
| ValueRay Target Price | 163 | 5.6% |
PI Fundamental Data Overview January 19, 2026
P/E Forward = 65.3595
P/S = 13.551
P/B = 25.0077
Revenue TTM = 359.8m USD
EBIT TTM = -13.1m USD
EBITDA TTM = 1.43m USD
Long Term Debt = 183.8m USD (from longTermDebt, last quarter)
Short Term Debt = 100.5m USD (from shortTermDebt, last quarter)
Debt = 287.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 235.8m USD (from netDebt column, last quarter)
Enterprise Value = 4.97b USD (4.88b + Debt 287.5m - CCE 190.1m)
Interest Coverage Ratio = -2.99 (Ebit TTM -13.1m / Interest Expense TTM 4.38m)
EV/FCF = 122.0x (Enterprise Value 4.97b / FCF TTM 40.8m)
FCF Yield = 0.82% (FCF TTM 40.8m / Enterprise Value 4.97b)
FCF Margin = 11.33% (FCF TTM 40.8m / Revenue TTM 359.8m)
Net Margin = -3.45% (Net Income TTM -12.4m / Revenue TTM 359.8m)
Gross Margin = 52.21% ((Revenue TTM 359.8m - Cost of Revenue TTM 172.0m) / Revenue TTM)
Gross Margin QoQ = 50.31% (prev 57.83%)
Tobins Q-Ratio = 9.63 (Enterprise Value 4.97b / Total Assets 516.5m)
Interest Expense / Debt = 0.39% (Interest Expense 1.12m / Debt 287.5m)
Taxrate = 0.38% (157.0k / 41.0m)
NOPAT = -13.0m (EBIT -13.1m * (1 - 0.38%)) [loss with tax shield]
Current Ratio = 2.67 (Total Current Assets 351.8m / Total Current Liabilities 131.8m)
Debt / Equity = 1.47 (Debt 287.5m / totalStockholderEquity, last quarter 195.0m)
Debt / EBITDA = 165.0 (Net Debt 235.8m / EBITDA 1.43m)
Debt / FCF = 5.79 (Net Debt 235.8m / FCF TTM 40.8m)
Total Stockholder Equity = 173.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.50% (Net Income -12.4m / Total Assets 516.5m)
RoE = -7.16% (Net Income TTM -12.4m / Total Stockholder Equity 173.3m)
RoCE = -3.67% (EBIT -13.1m / Capital Employed (Equity 173.3m + L.T.Debt 183.8m))
RoIC = -2.86% (negative operating profit) (NOPAT -13.0m / Invested Capital 456.3m)
WACC = 13.33% (E(4.88b)/V(5.16b) * Re(14.09%) + D(287.5m)/V(5.16b) * Rd(0.39%) * (1-Tc(0.00)))
Discount Rate = 14.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.07%
[DCF Debug] Terminal Value 51.41% ; FCFF base≈65.1m ; Y1≈44.2m ; Y5≈21.6m
Fair Price DCF = N/A (negative equity: EV 221.8m - Net Debt 235.8m = -14.0m; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-37.48%), DCF may be unreliable
EPS Correlation: 29.43 | EPS CAGR: -3.56% | SUE: -4.0 | # QB: 0
Revenue Correlation: 79.18 | Revenue CAGR: 17.44% | SUE: 1.21 | # QB: 3
EPS next Quarter (2026-03-31): EPS=-0.18 | Chg30d=+0.026 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=2.85 | Chg30d=-0.028 | Revisions Net=+4 | Growth EPS=+36.4% | Growth Revenue=+22.4%
P/S = 13.551
P/B = 25.0077
Revenue TTM = 359.8m USD
EBIT TTM = -13.1m USD
EBITDA TTM = 1.43m USD
Long Term Debt = 183.8m USD (from longTermDebt, last quarter)
Short Term Debt = 100.5m USD (from shortTermDebt, last quarter)
Debt = 287.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 235.8m USD (from netDebt column, last quarter)
Enterprise Value = 4.97b USD (4.88b + Debt 287.5m - CCE 190.1m)
Interest Coverage Ratio = -2.99 (Ebit TTM -13.1m / Interest Expense TTM 4.38m)
EV/FCF = 122.0x (Enterprise Value 4.97b / FCF TTM 40.8m)
FCF Yield = 0.82% (FCF TTM 40.8m / Enterprise Value 4.97b)
FCF Margin = 11.33% (FCF TTM 40.8m / Revenue TTM 359.8m)
Net Margin = -3.45% (Net Income TTM -12.4m / Revenue TTM 359.8m)
Gross Margin = 52.21% ((Revenue TTM 359.8m - Cost of Revenue TTM 172.0m) / Revenue TTM)
Gross Margin QoQ = 50.31% (prev 57.83%)
Tobins Q-Ratio = 9.63 (Enterprise Value 4.97b / Total Assets 516.5m)
Interest Expense / Debt = 0.39% (Interest Expense 1.12m / Debt 287.5m)
Taxrate = 0.38% (157.0k / 41.0m)
NOPAT = -13.0m (EBIT -13.1m * (1 - 0.38%)) [loss with tax shield]
Current Ratio = 2.67 (Total Current Assets 351.8m / Total Current Liabilities 131.8m)
Debt / Equity = 1.47 (Debt 287.5m / totalStockholderEquity, last quarter 195.0m)
Debt / EBITDA = 165.0 (Net Debt 235.8m / EBITDA 1.43m)
Debt / FCF = 5.79 (Net Debt 235.8m / FCF TTM 40.8m)
Total Stockholder Equity = 173.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.50% (Net Income -12.4m / Total Assets 516.5m)
RoE = -7.16% (Net Income TTM -12.4m / Total Stockholder Equity 173.3m)
RoCE = -3.67% (EBIT -13.1m / Capital Employed (Equity 173.3m + L.T.Debt 183.8m))
RoIC = -2.86% (negative operating profit) (NOPAT -13.0m / Invested Capital 456.3m)
WACC = 13.33% (E(4.88b)/V(5.16b) * Re(14.09%) + D(287.5m)/V(5.16b) * Rd(0.39%) * (1-Tc(0.00)))
Discount Rate = 14.09% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.07%
[DCF Debug] Terminal Value 51.41% ; FCFF base≈65.1m ; Y1≈44.2m ; Y5≈21.6m
Fair Price DCF = N/A (negative equity: EV 221.8m - Net Debt 235.8m = -14.0m; debt exceeds intrinsic value)
[DCF Warning] FCF declining rapidly (-37.48%), DCF may be unreliable
EPS Correlation: 29.43 | EPS CAGR: -3.56% | SUE: -4.0 | # QB: 0
Revenue Correlation: 79.18 | Revenue CAGR: 17.44% | SUE: 1.21 | # QB: 3
EPS next Quarter (2026-03-31): EPS=-0.18 | Chg30d=+0.026 | Revisions Net=+1 | Analysts=5
EPS next Year (2026-12-31): EPS=2.85 | Chg30d=-0.028 | Revisions Net=+4 | Growth EPS=+36.4% | Growth Revenue=+22.4%
Additional Sources for PI Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle