## ARM PE Stream Chart Analysis As of the latest data point (mid-March 2026), ARM's monthly average price stands at approximately **$128.36**, which remains **well below the lowest PE boundary** of 136.4x (priced at ~$103.27). This positions the stock firmly in the **Undervalued** zone, trading beneath even the most conservative PE multiple boundary in the chart's framework. The gap between the current price and the next boundary — 388.8x (priced at ~$294.32) — is substantial, confirming that ARM's stock is currently priced at an extreme discount relative to its historical PE band structure. It is worth noting, however, that the PE multiples themselves (136.4x to 1,398.4x) are extraordinarily elevated, reflecting ARM's status as a high-growth semiconductor IP company where earnings-based valuation metrics are inherently stretched. From a historical perspective, ARM's valuation journey has been notably dynamic since its IPO-era data begins in late 2023. In Q4'23, the stock traded around $51–$68, already above the then-prevailing 136.4x boundary (~$11.30), placing it in the **Value-to-Fair** zone at the time. Through early-to-mid 2024, prices surged dramatically — peaking near **$164.95** in Q3'24 — as the PE band boundaries themselves were simultaneously rising (the 136.4x boundary climbed to ~$56–$84 across those quarters), yet the stock consistently traded **above the 136.4x line but well below the 388.8x boundary**, keeping it broadly in the **Value** zone. A notable inflection occurred in Q3–Q4 2024, when the 136.4x boundary jumped to ~$84–$105, and the stock price pulled back from its highs toward the $124–$148 range, maintaining its position in the **Value** zone. Entering 2025, the PE band boundaries shifted modestly lower (reflecting earnings revisions), and the stock experienced a meaningful correction in Q1–Q2'25, dipping to ~$103 — briefly touching the 136.4x boundary (~$102.96), flirting with the **Undervalued** threshold. Since then, prices recovered into the $126–$166 range through mid-to-late 2025 before retreating again into early 2026. The overall PE river trend shows a **broadly upward then stabilizing** trajectory in the band boundaries, suggesting earnings growth has been positive but has moderated, while the stock's persistent positioning near or below the lowest PE band signals that the market has been **repricing ARM's valuation lower** relative to its earnings trajectory — a meaningful shift from the euphoric premium seen in early-to-mid 2024.