Jenoptik AG (0ZPV) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Jenoptik AG €31.42, price €43.34, upside -27.5%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Jenoptik AG
0ZPV · LSEOvervalued / MonitorQuality is not strong enough to offset the price risk.
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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 €14.81 – €47.60 · fair‑value band €23.18 – €41.22 · the €43.34 price screens above the €31.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Jenoptik AG provides advanced photonic solutions and smart mobility solutions in Germany and internationally. The company operates through Semiconductor & Advanced Manufacturing, Biophotonics, Metrology & Production Solutions, and Smart Mobility Solutions segments.
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Jenoptik AG provides advanced photonic solutions and smart mobility solutions in Germany and internationally. The company operates through Semiconductor & Advanced Manufacturing, Biophotonics, Metrology & Production Solutions, and Smart Mobility Solutions segments. It provides imaging solutions and cameras, including microscope and thermographic camera, imaging modules, polymer-based camera modules, and miniaturized digital microscope subsystem; and laser and laser technology, such as laser ablation, scoring, cutting, and rangefinder, as well as laser OEM solutions comprising diode laser and disk laser technology, diode pumped disk lasers, laser systems, and LK heat sink. The company offers optics and microoptics, including objective lenses for laser material processing, customized and standardized objective lenses, polymer optics, and optical and microoptical components; optical shaft measuring systems, optical 3D measurement technology, optical in-line inspection, vision-systems, and ultra-fast opto-electronic probe card; and optoelectronics and optoelectronic systems comprising system partner for optoelectronic systems, customized-specific optoelectronic systems, optoelectronics assemblies and subsystems, light modulation, and photodiodes and LEDs. In addition, it offers road safety solutions, such as speed enforcement, average speed cameras, red light cameras, evaluation software, and traffic services; and civil security solutions, including automatic number plate recognition and data analysis software, border security, combating organized crime, protecting public places, and monitoring suspect vehicles. It serves automotive, defense and security, data communication, electronics and information technology, medical technology and life science, industry and mechanical engineering, semiconductor equipment, and public safety sectors. Jenoptik AG was founded in 1846 and is headquartered in Jena, Germany.
Stock analysis
Jenoptik AG (0ZPV) currently trades at €43.34, while our model-based Fair Value estimate is €31.42, 27.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €49.55 per share, and 8 of the 24 models we run sit above the €43.34 price.
Bear case: the Economic Profit group reads lowest at €8.72, and 16 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: €23.18 (bear) to €41.22 (bull), the price of €43.34 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 59/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Jenoptik AG reported revenue of €1.0B in FY2025 versus €615M in FY2020, a compound +11.2%/yr. Reported net income was €72.0M in FY2025, compounding +16.8%/yr from FY2020.
Key figures
Market cap €2.5B · P/S ratio 1.76 · Dividend yield 0.9% · Net margin 6.9% · Return on equity 7.9% · Return on assets (EBIT) 5.7% · Operating margin 10.8% · Revenue (TTM) €1.0B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 141% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −64% fair-value upside, at −28%, 0ZPV screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 72
Revenue & earnings trend
Growth Forecast
0ZPV screens overvalued: fair value 28% below the price. Compare with Amphenol Corporation →
Compare Jenoptik AG with another stock
Price, fair value, quality and upside side by side.
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.Electronic Components · 634 stocks
Valuation Multiplesvs Electronic Components median · lower = cheaper
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: UK Stocks
- Valuation of the UK market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amphenol Corporation APH | $84.30 | $84.44 | +0% |
| Delta Electronics, Inc 2308 | 1,910 TWD | 519.57 TWD | −73% |
| Corning Incorporated GLW | $153.76 | $33.52 | −78% |
| Hon Hai Precision Industry Co 2317 | 250.50 TWD | 293.60 TWD | +17% |
| Samsung Electro-Mechanics Co 009150 | 1,507,000 KRW | 171,572 KRW | −89% |
| TE Connectivity plc TEL | $218.59 | $142.45 | −35% |
| Luxshare Precision Industry Co 002475 | ¥52.00 | ¥18.59 | −64% |
| Elite Material Co 2383 | 5,050 TWD | 787.47 TWD | −84% |
| Shengyi Technology Co 600183 | ¥137.33 | ¥66.42 | −52% |
| Celestica Inc CLS | $373.09 | $106.95 | −71% |
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