For instance, over the past three years Avago's growth has arrived above the peer median. This is a group which also includes Texas Instruments ( TXN) and Skyworks Solutions ( SWKS). During that span Avago has averaged 17% revenue growth vs. the group's 7%. Likewise, Avago's earnings growth has consistently exceeded its peers by 2%. These factors suggests the stock remains severely undervalued -- especially following its 7% slide last Friday. This has now placed Avago's price-to-earnings ratio at 13 compared to its peer median P/E which registers at 20. What's more, with the smartphone market expected to continue to grow, Avago should continue to outperform its rivals heading into 2013. Investors would be wise to load up on this stock now. Follow @rsaintvilusAt the time of publication, the author held no position in any of the stocks mentioned.