Impinj, Inc.

Impinj, Inc.

PIยทNASDAQ

$137.76

-3.4%
TechnologySemiconductors

Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform, which comprises multiple product families, wirelessly connects individual items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that comprise reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software and algorithms that enables its partners to deliver use cases, such as retail self-checkout and loss prevention, and warehouse pallet and carton tracking to end-users. The company primarily serves retail, supply chain and logistics, aviation, automotive, healthcare, industrial and manufacturing, sports, food, datacenter, travel, banking, and linen and uniform tracking sectors through distributors, system integrators, value-added resellers, and software solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.

At a Glance

Live Snapshot
Market Cap$4.20B
EPS-0.3700
P/E Ratio-372.32
Earnings Date07/29/2026
Impinj, Inc.

Impinj, Inc. Fair Value Envelope

PI ยท NASDAQ

Our analysis suggests that PI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $137.76, this represents a potential HIDDEN relative to our calculated worth for Impinj, Inc..

Intrinsic Value
Current Price: $137.76

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$48.8M
+ Cash & Equivalents$48.2M
Firm Value$97.0M
- Debt$326.7M
Equity Value-$229.7M
/ Shares Outstanding28,845,907B
DCF Value-$8
OVERVALUED BY 106%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$29.4M
$14.7M
$7.3M
$3.7M
$1.8M
$917.9K
$459.0K
$229.5K
$114.7K
$57.4K
Maintenance CapEx
-$1.3M
-$643.1K
-$321.5K
-$160.8K
-$80.4K
-$40.2K
-$20.1K
-$10.0K
-$5.0K
-$2.5K
Owner Earnings
$28.1M
$14.0M
$7.0M
$3.5M
$1.8M
$877.7K
$438.9K
$219.4K
$109.7K
$54.9K
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$26.0M
$12.0M
$5.6M
$2.6M
$1.2M
$553.1K
$256.1K
$118.6K
$54.9K
$25.4K
Terminal Value represents 0.9% of Enterprise Value