Amphenol Shares Overvalued at 27.17X P/E: Buy Now?

Amphenol's (APH) stock is overvalued with a forward 12-month P/E of 27.17X, higher than the broader Zacks Computer and Technology sector and peers. Despite this, APH shares have outperformed peers in the year-to-date period, driven by strong demand for AI data center products and diversified end markets. The company's participation across the connectivity architecture and strong second-quarter 2026 revenue growth of 55% YoY, including a 30% organic increase, support its prospects.