IPG Photonics Corporation (0J86) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of IPG Photonics Corporation $14.46, price $85.03, upside -83.0%, quality 65 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $49.70 – $218.82 · fair‑value band $10.12 – $18.79 · the $85.03 price screens above the $14.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
IPG Photonics Corporation develops, manufactures, and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems used in materials processing, medical, and advanced applications.
Show more
IPG Photonics Corporation develops, manufactures, and sells fiber lasers, fiber amplifiers, diode lasers, and laser-based systems used in materials processing, medical, and advanced applications. The company offers laser products, including hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; and high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers, as well as other versions. It also provides complementary products, such as optical fiber delivery cables, fiber couplers, beam switches, optical processing heads, process measuring and monitoring technologies, and in-line sensors and chillers. In addition, the company offers LightWELD, a handheld laser welding system; 2D compact flat sheet cutter systems; high precision laser systems for medical technology industry; multi axis Cartesian systems for fine welding, cutting, and drilling applications; laser and non-laser robotic welding and automation solutions; and related accessories for specific medical applications. The company sells and markets its products to original equipment manufacturers, system integrators, and end users through direct sales force, as well as through agreements with independent sales representatives and distributors. It serves general manufacturing, automotive, consumer goods, medical devices, energy/renewable energy, micro electronics, original equipment manufacturers instrument manufacturing, scientific, as well as aerospace and defense, rail, and shipbuilding markets. IPG Photonics Corporation was founded in 1990 and is headquartered in Marlborough, Massachusetts.
Stock analysis
IPG Photonics Corporation (0J86) currently trades at $85.03, while our model-based Fair Value estimate is $14.46, 83.0% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of $26.70 per share, and 0 of the 15 models we run sit above the $85.03 price.
Bear case: the Earnings-Based group reads lowest at $4.40, and 15 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: $10.12 (bear) to $18.79 (bull), the price of $85.03 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 65/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
IPG Photonics Corporation reported revenue of $1.0B in FY2025 versus $1.5B in FY2021, a compound −9.0%/yr. Reported net income was $31.1M in FY2025, compounding −42.2%/yr from FY2021.
Key figures
Market cap $3.6B · P/E ratio 0.2 · EPS (TTM) $5.21 · Net margin 3.1% · Return on equity 1.4% · Return on assets (EBIT) 5.9% · Operating margin 2.1% · Revenue (TTM) $1.0B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 45% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −28% fair-value upside, at −83%, 0J86 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($4.40 to $37.87). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear $10.12Fair Value $14.46Bull $18.79
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($3.94 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.Evidence ⓘEvidence = 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.
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.20/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+2.7%
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.
−11.1%
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.
−3.5%
Start year 2020 (pandemic). Over 10 years: +1.1% a year
Revenue growth 24 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.
+16.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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.
−26.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.3%
Dividend (yield on the price)0.0%
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.−26.3% vs −16.7%, slowing
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.19% → 2%
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.
Is IPG Photonics Corporation (0J86) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $14.46 versus a price of $85.03, about −83% upside (overvalued).
What is the fair value of 0J86?
Our model-based fair value for IPG Photonics Corporation is $14.46 (as of Sep 24, 2026), built from audited fundamentals. The current price: $85.03.
What is the quality score of 0J86?
IPG Photonics Corporation has a Quality Score of 65/100. 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 IPG Photonics Corporation (0J86)?
Our model-based price target is the fair value of $14.46 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario $10.12, optimistic scenario $18.79. It is a calculation from audited fundamentals, not an analyst target.
What is the IPG Photonics Corporation stock forecast for 2026?
Our models put fair value at $14.46, about −83% upside versus a price of $85.03 (overvalued). Cautious scenario $10.12, optimistic scenario $18.79. The calculation is refreshed regularly with new filings.
What is the revenue of IPG Photonics Corporation (0J86)?
IPG Photonics Corporation reported trailing-twelve-month revenue of about $1.0B (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of IPG Photonics Corporation (0J86)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IPG Photonics Corporation it is $14.46 per share (as of Sep 24, 2026), against a price of $85.03. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is IPG Photonics Corporation stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 0J86 trades above its calculated fair value: price $85.03, fair value $14.46, a gap of about −83% (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 0J86?
No. The price is what the market pays today ($85.03); the fair value is what the company's own numbers justify ($14.46). For IPG Photonics Corporation the two are $70.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is IPG Photonics Corporation worth?
The market values IPG Photonics Corporation at about $3.6B (market capitalisation, as of Sep 24, 2026). Per share that is $85.03; our models calculate a fair value of $14.46 per share.
What do the bullish and bearish scenarios say about 0J86?
Our models span a range for IPG Photonics Corporation: cautious scenario $10.12, base $14.46, optimistic $18.79 per share (as of Sep 24, 2026, price $85.03). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 0J86 from its 52-week high?
IPG Photonics Corporation trades at $85.03, about 45% below its 52-week high of $154.58 and 20% above the low of $71.04 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $14.46 is for.
Which stocks are comparable to IPG Photonics Corporation?
From the same area (Technology) we also value ASML Holding, Lam Research Corporation, Applied Materials, Inc, KLA Corporation, 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 IPG Photonics Corporation stock attractive at the current price?
The data as of Sep 24, 2026: price $85.03, calculated fair value $14.46 (−83%), Quality Score 65/100, from 15 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 0J86 calculated?
We run IPG Photonics Corporation through 15 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $14.46, 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 14.5 % above its aggregate fair value. IPG Photonics 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 IPG Photonics Corporation (0J86)?
The closing price on Oct 2, 2026 was $85.03. Our model-based fair value is $14.46, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IPG Photonics Corporation right now?
The price sits above even our optimistic bull case ($18.79). The favourable scenario is already priced in. Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($10.12 to $18.79) leaves room in how you read the outcome.
Where does the earnings growth of IPG Photonics Corporation (0J86) come from?
Earnings per share at IPG Photonics Corporation grew −5.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.8 %, EBIT margin −12.5 %, tax rate +1.1 %, residual (interest, one-offs) +2.5 %. 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 IPG Photonics Corporation
How large is the market capitalisation of IPG Photonics Corporation (0J86)?
The market capitalisation of IPG Photonics Corporation is $3.6B. 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/E ratio of IPG Photonics Corporation (0J86)?
The price-to-earnings ratio of IPG Photonics Corporation is 0.2 (as of Jul 24, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What are the earnings per share of IPG Photonics Corporation (0J86)?
Earnings per share at IPG Photonics Corporation are $5.21 (price ÷ EPS = P/E 0.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of IPG Photonics Corporation (0J86)?
The net margin of IPG Photonics Corporation is 3.1% (fiscal year 2025). 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 IPG Photonics Corporation (0J86)?
The return on equity (ROE) of IPG Photonics Corporation is 1.4% (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 IPG Photonics Corporation (0J86)?
On an EBIT basis the return on assets of IPG Photonics Corporation is 5.9% (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 IPG Photonics Corporation (0J86)?
The operating margin of IPG Photonics Corporation is 2.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IPG Photonics Corporation (0J86)?
Revenue at IPG Photonics Corporation is growing +16.6% versus a year earlier (3y avg −11.1%). 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 IPG Photonics Corporation (0J86)?
Earnings per share at IPG Photonics Corporation are growing −57.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does IPG Photonics Corporation (0J86) generate?
The free cash flow of IPG Photonics Corporation is −$3.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does IPG Photonics Corporation (0J86) hold?
IPG Photonics Corporation holds more cash than debt, $404M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Continue in the live analysis
Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.
