Is ARM Stock Overvalued? While Arm stock has pulled back, it still looks overvalued. ARM trades at a forward price-earnings (P/E) multiple of 137.8x and its price-sales (P/S) multiple of 40.28x.

Arm's shares were up 4.89% at close. Nvidia spokesperson Ken Brown, AMD spokesperson Brandi Marina, Arm spokesperson Kristen Ray and Microsoft spokesperson Pete Wootton all declined to comment.