TTM Technologies, Inc (TTMI) Fair Value & Analysis

Technology · US · Market cap $13.7B

A solid business, but screening 79% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case ($37.02). The favourable scenario is already priced in.
• Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
• A fairly wide model range ($19.94 to $37.02) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range $11.21 – $221.47 · fair‑value band $19.94 – $37.02 · the $136.36 price screens above the $28.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

TTM Technologies, Inc (TTMI) currently trades at $136.36, while our model-based Fair Value estimate is $28.48, implying the stock looks roughly 79.1% overvalued today. We read business quality at 54/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, TTM Technologies, Inc generated revenue of $3.1B at a net margin of 6.3%. Revenue grew 30.4% year over year. It earns a return on equity of 11.4%. Net debt stands at $616M. Fundamentals as of Jul 19, 2026

Our scenario range runs from $19.94 (bear case) to $37.02 (bull case); at $136.36, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 32% below its 52-week high and 306% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -79%, TTMI screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Multiples ($29.05) versus Dividend Discount ($0.0900). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

TTM Technologies, Inc. manufactures and sells mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs) and substrates in the United States, Taiwan, and internationally. It operates in three segments, A&D, Commercial, and RF&S Components.

Full company description

TTM Technologies, Inc. manufactures and sells mission systems, radio frequency (RF) components, RF microwave/microelectronic assemblies, and printed circuit boards (PCBs) and substrates in the United States, Taiwan, and internationally. It operates in three segments, A&D, Commercial, and RF&S Components. The company offers various engineered systems and RF and microwave assemblies; PCBs and IC substrates, custom assemblies and integrated systems, passive and advanced ceramic RF components, hi-reliability multi-chip modules, and beamforming and switching networks; and design-for-manufacturability, PCB layout design, simulation and testing, quick turnaround (QTA) production, and specialized RF assembly and testing. It also provides multi-mode surveillance and weather avoidance radar systems for fixed- and rotary-wing aircraft, Unmanned Aerial Vehicles, and shipboard platforms; AN/APS-153 multi-mode radar; communications suite within the MH-60R/S multi-mission helicopters; and supports maritime surveillance, counter UAS, and advanced air mobility end markets under MOSAIC brand. In addition, the company offers identification friend; monopulse secondary surveillance radars, and air traffic control systems; wired and wireless communication systems; designs, produces, and tests specialized multi-chip RF modules and components; and manufactures off-the-shelf surface mount microwave components. Further, it provides thick-film ceramic substrates, custom designed application specific integrated circuits, and conventional PCBs; custom electronic assemblies; QTA services; and thermal management. The company serves original equipment manufacturers, electronic manufacturing services providers, original design manufacturers, distributors, and government agencies; and aerospace and defense, data center computing, automotive, medical, industrial, instrumentation, and networking markets. TTM Technologies, Inc. was incorporated in 1978 and is headquartered in Santa Ana, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

TTM Technologies, Inc reported revenue of $2.9B in FY2025 versus $2.2B in FY2021, a compound +6.6%/yr. Reported net income was $177M in FY2025, compounding +34.4%/yr from FY2021.

TTMI screens 79% overvalued. Compare with Delta Electronics, Inc →

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

• TTM Technologies (TTMI) Following Farnborough Buzz Is The AI Defense Story Still Undervalued Yahoo Finance · Jul 23, 2026
• TTM Technologies (TTMI) Stock May Be 21% Undervalued As AI Demand Builds Yahoo Finance · Jul 23, 2026
• How Investors May Respond To TTM Technologies (TTMI) Showcasing AI and Defense Electronics at Farnborough Yahoo Finance · Jul 22, 2026
• TTM Technologies, Inc. to Conduct Second Quarter 2026 Conference Call on August 5, 2026. Yahoo Finance · Jul 22, 2026

Peer Group

Electronic Components · 626 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Electronic Components median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0: the price sits above our fair-value range.

Insider activity: 42/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.