Materion Corporation (MTRN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Materion Corporation stock $38.91, price $186, that is 79.1% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $66.18 – $319.18 · fair‑value band $23.09 – $64.87 · the $186.11 price screens above the $38.91 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Materion Corporation, together with its subsidiaries, produces advanced engineered materials in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.
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It provides beryllium and non-beryllium containing alloy systems and custom engineered metal solutions in strip, bulk, rod, plate, bar, tube, and other customized shapes; engineering and product development services; alloyed metals, beryllium products, and beryllium hydroxide; precision strip, rod, wire, and engineered strip metal products; ToughMet alloys; and SupremEX aluminum silicon carbide metal matrix composite formulation products.
The company also operates the bertrandite ore mine and refinery that provides feedstock hydroxide for its beryllium businesses and external sale.
In addition, it produces advanced chemicals, microelectronics packaging, precious and non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, and high temperature braze materials.
Further, the company designs and manufactures precision thin film coatings, optical filters, and assemblies.
In addition, it offers inorganic chemicals and powders, specialty coatings, specialty engineered beryllium and copper-based alloys, beryllium composites, ceramics, and engineered clad and plated metal systems.
The company sells its products to semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and life sciences through its facilities and service centers, independent distributors and agents, outside distributors, direct sales offices, and independent sales representatives.
The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in March 2011. Materion Corporation was founded in 1921 and is based in Mayfield Heights, Ohio.
Stock analysis
Materion Corporation (MTRN) currently trades at $186.11, while our model-based Fair Value estimate is $38.91, 79% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $60.82 per share, and 0 of the 25 models we run sit above the $186.11 price.
Bear case: the Dividend Discount group reads lowest at $7.57, and 25 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: $23.09 (bear) to $64.87 (bull), the price of $186.11 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Materion Corporation reported revenue of $1.8B in FY2025 versus $1.5B in FY2021, a compound +4.3%/yr. Reported net income was $74.8M in FY2025, compounding +0.8%/yr from FY2021.
Key figures
Market cap $3.9B Mid · P/E ratio 38.1 · P/S ratio 1.87 · EPS (TTM) $4.88 · Dividend yield 0.3% · Net margin 4.3% · Return on equity 9.5% · Return on assets (EBIT) 5.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 65% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at −79%, MTRN screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($6.83 to $80.69). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$23.09Fair Value $38.91Bull$64.87
Price $186.11 · Downside -79.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($3.70 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 6 officers or directors sold shares worth $10.7M and none bought.
SaleEmily M LiggettDirector1,012 shares at $232.42$235,209Sep 1, 2026
SaleVinod M KhilnaniDirector3× since Feb 17, 2026: 8,500 shares, avg. $186.27$1.6MAug 31, 2026
SaleDarlene J. S. SolomonDirector3,705 shares at $292.22$1.1MAug 7, 2026
SaleJugal K. VijayvargiyaPresident and CEO, Director3× since Feb 17, 2026: 49,544 shares, avg. $220.88$10.9MAug 7, 2026
SaleShelly Marie ChadwickVice President, Finance & CFO4× since Feb 23, 2026: 14,412 shares, avg. $170.32$2.5MAug 7, 2026
SaleRobert J PhillippyDirector3,500 shares at $218.62$765,162May 29, 2026
SaleGregory R. ChemnitzVP General Counsel & Secretary2× since Feb 17, 2026: 8,517 shares, avg. $157.21$1.3MMar 3, 2026
SaleMelissa A FashinpaurChief Accounting Officer309 shares at $160.00$49,440Mar 3, 2026
Plus 20 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.7%
Start year 2020 (pandemic). Over 10 years: +5.7% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+1.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.0%
Dividend (yield on the price)0.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.7% vs 8.5%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.1% → 7%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+39.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+12.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +36.1% a year for the price and +9.9% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (95 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Specialized materials operations offer some differentiation, yet limited evidence of a durable moat and low profitability metrics point to average positioning.
Main risk: Likely commodity price exposure threatens to pressure margins and limit sustainable growth in the materials business.
Materion delivered strong second-quarter results with revenue jumping 42 percent year over year and an earnings beat. Yet Zacks Research just downgraded its rating to hold. With models viewing the shares as overvalued, does the company’s specialized materials business sustain that momentum or face renewed pressure on margins and growth?
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Other Industrial Metals & Mining · 372 stocks
Beats the industry median on 6/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Top 25%
Fair Value upside−79.1% · Bottom 25%
Profitability
Return on equity (12 months)9.5% · Above median
Return on assets4.2% · Above median
Net margin (12 months)4.3% · Below median
Operating margin (12 months)8.6% · Above median
Growth and dividend
Revenue growth (quarter YoY)42.2% · Above median
Dividend yield (12 months)0.3% · Bottom 25%
Balance sheet
Debt / equity0.46× · Highest 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Materion Corporation Fair Value". https://www.fairvalue-calculator.com/stock/MTRN
Frequently asked questions
Is Materion Corporation (MTRN) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $38.91 versus a price of $186.11, about 79% lower (overvalued).
What is the fair value of MTRN?
Our model-based fair value for Materion Corporation is $38.91 (as of Nov 5, 2026), built from audited fundamentals. The current price: $186.11.
What is the quality score of MTRN?
Materion Corporation has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Materion Corporation (MTRN)?
Our model-based price target is the fair value of $38.91 (as of Nov 5, 2026) from 25 valuation models. Cautious scenario $23.09, optimistic scenario $64.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Materion Corporation stock forecast for 2026?
Our models put fair value at $38.91, about 79% lower versus a price of $186.11 (overvalued). Cautious scenario $23.09, optimistic scenario $64.87. The calculation is refreshed regularly with new filings.
What is the revenue of Materion Corporation (MTRN)?
Materion Corporation reported trailing-twelve-month revenue of about $2.1B (latest available figure, as of Nov 5, 2026).
Does Materion Corporation pay a dividend?
Materion Corporation currently shows a dividend yield of 0.30% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Materion Corporation (MTRN) and when is the ex-dividend date?
Materion Corporation pays a dividend of $0.565 per share a year, a dividend yield of 0.3%. The next ex-dividend date is Nov 19, 2026, with payment on Dec 4, 2026. A dividend has been paid every year since 2012. The payout ratio is 11.6% of earnings. Free cash flow covers the dividend 4.24 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Materion Corporation (MTRN)?
For today's price to be fair in a discounted-cash-flow model, Materion Corporation would have to grow free cash flow by +39.3 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.7 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of MTRN use?
Our models discount Materion Corporation at 10.0 %: a base by market capitalisation (mid), damped by beta 1.13, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Materion Corporation that is +39.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has Materion Corporation (MTRN) delivered so far?
Over the past 5 years revenue at Materion Corporation grew +8.7 % a year. The price currently implies free-cash-flow growth of +39.3 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Materion Corporation (MTRN) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Materion Corporation (+39.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Materion Corporation (MTRN)?
The free-cash-flow yield on the price is 1.27 %: that much free cash flow Materion Corporation produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Materion Corporation (MTRN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Materion Corporation it is $38.91 per share (as of Nov 5, 2026), against a price of $186.11. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Materion Corporation stock overvalued or undervalued in 2026?
As of Nov 5, 2026, MTRN trades above its calculated fair value: price $186.11, fair value $38.91, a gap of about −79% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MTRN?
No. The price is what the market pays today ($186.11); the fair value is what the company's own numbers justify ($38.91). For Materion Corporation the two are $147.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is Materion Corporation worth?
The market values Materion Corporation at about $3.9B (market capitalisation, as of Nov 5, 2026). Per share that is $186.11; our models calculate a fair value of $38.91 per share.
What do the bullish and bearish scenarios say about MTRN?
Our models span a range for Materion Corporation: cautious scenario $23.09, base $38.91, optimistic $64.87 per share (as of Nov 5, 2026, price $186.11). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MTRN?
Materion Corporation trades at a price-to-earnings ratio of 38.1 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $38.91 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 8 of the years ex one-offs: 30.8. Other multiples: PEG 1.3, P/B 4.2, P/S 1.9, EV/EBITDA 21.2.
What is the PEG ratio of MTRN?
The PEG ratio of Materion Corporation is 1.28 (P/E divided by earnings growth, as of Nov 5, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Materion Corporation (MTRN)?
Balance-sheet figures for Materion Corporation (as of Nov 5, 2026): return on equity 9.5%, debt of 0.46 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is MTRN from its 52-week high?
Materion Corporation trades at $186.11, about 42% below its 52-week high of $319.18 and 65% above the low of $112.68 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $38.91 is for.
Which stocks are comparable to Materion Corporation?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Materion Corporation stock attractive at the current price?
The data as of Nov 5, 2026: price $186.11, calculated fair value $38.91 (−79%), Quality Score 56/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MTRN calculated?
We run Materion Corporation through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $38.91 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Materion Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Materion Corporation (MTRN)?
The closing price on Nov 6, 2026 was $186.11. Our model-based fair value is $38.91, about 79% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Materion Corporation right now?
The price sits above even our optimistic bull case ($64.87). The favourable scenario is already priced in. The model range is unusually wide ($23.09 to $64.87). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Materion Corporation (MTRN) come from?
Earnings per share at Materion Corporation grew +6.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.4 %, EBIT margin +3.7 %, tax rate +0.7 %, residual (interest, one-offs) −3.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Materion Corporation
How large is the market capitalisation of Materion Corporation (MTRN)?
The market capitalisation of Materion Corporation is $3.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Materion Corporation (MTRN)?
The price-to-sales ratio of Materion Corporation is 1.87 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Materion Corporation (MTRN)?
Earnings per share at Materion Corporation are $4.88 (price ÷ EPS = P/E 38.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Materion Corporation (MTRN)?
The dividend yield of Materion Corporation is 0.3% (payout 11.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Materion Corporation (MTRN)?
The net margin of Materion Corporation is 4.3% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Materion Corporation (MTRN)?
The return on equity (ROE) of Materion Corporation is 9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Materion Corporation (MTRN)?
On an EBIT basis the return on assets of Materion Corporation is 5.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Materion Corporation (MTRN)?
The operating margin of Materion Corporation is 8.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Materion Corporation (MTRN)?
Revenue at Materion Corporation is growing +42.2% versus a year earlier (3y avg +0.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Materion Corporation (MTRN)?
Earnings per share at Materion Corporation are growing +52.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Materion Corporation (MTRN) carry?
The net debt of Materion Corporation is $587M (fiscal year 2025, ≈ 11.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026