Coherent Inc (COHR) fair value: what the stock is really worth
As of Oct 15, 2026: fair value of Coherent Inc $83.60, price $251, upside -66.6%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Coherent Inc
COHR · USWeakest SetupStrongly overvalued and low quality.
Our calculation puts a fair price 67% below what the stock costs today.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 14, 2026.
How to read this chart
60‑month range $27.66 – $426.89 · fair‑value band $60.12 – $107.07 · the $250.60 price screens above the $83.60 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 Oct 14, 2026.
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Company profile
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers.
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The Networking segment offers transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications.
The Materials segment provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products; and vertical-cavity surface-emitting laser, edge-emitting laser, pump lasers, high-power lasers for materials processing, and integrated circuit.
The Laser segment offers excimer lasers, solid-state lasers, CO2 lasers, and laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems.
It markets its products and services through direct sales force, representatives, and distributors. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.
Stock analysis
Coherent Inc (COHR) currently trades at $250.60, while our model-based Fair Value estimate is $83.60, 66.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $126.31 per share, and 1 of the 17 models we run sit above the $250.60 price.
Bear case: the Economic Profit group reads lowest at $35.56, and 16 of the 17 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $60.12 (bear) to $107.07 (bull), the price of $250.60 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 35/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Coherent Inc reported revenue of $7.1B in FY2026 versus $3.3B in FY2022, a compound +21.0%/yr. Reported net income was $805M in FY2026, compounding +36.1%/yr from FY2022.
Key figures
Market cap $56.9B · P/E ratio 60.7 · P/S ratio 6.86 · EPS (TTM) $4.13 · Dividend yield 0.0% · Net margin 11.3% · Return on equity 8.0% · Return on assets (EBIT) 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 45 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 41% below its 52-week high and 127% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −39% fair-value upside, at −67%, COHR screens richer than that median.
Fair Value models
All 17 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
COHR screens overvalued: fair value 67% below the price. Compare with Keysight Technologies, Inc →
Recent news
- Coherent Corp. Announces Timing of FY2027 First Quarter Earnings Release
- GEO Group, Xerox, Jabil, Coherent, and TTM Technologies Stocks Trade Down, What You Need To Know
- Can Coherent's AI Data Center Expansion Fuel Long-Term Growth?
- Is COHERENT CORP (COHR) Outperforming Other Business Services Stocks This Year?
Compare Coherent Inc 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.Scientific & Technical Instruments · 160 stocks
Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA 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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Garmin Ltd GRMN | $268.36 | $295.20 | +10% | vs COHR |
| Teledyne Technologies Incorporated TDY | $613.66 | $675.03 | +10% | vs COHR |
| Wuhan Guide Infrared Co 002414 | ¥11.33 | ¥9.52 | −16% | vs COHR |
| MKS Inc MKSI | $264.50 | $199.90 | −24% | vs COHR |
| Fortive Corporation FTV | $57.26 | $35.20 | −39% | vs COHR |
| Cognex Corporation CGNX | $62.92 | $38.10 | −39% | vs COHR |
| Trimble Inc TRMB | $60.09 | $29.24 | −51% | vs COHR |
| AVIC Chengdu Aircraft Company 302132 | ¥57.63 | ¥19.61 | −66% | vs COHR |
| Keysight Technologies, Inc KEYS | $382.75 | $116.07 | −70% | vs COHR |
| Chroma ATE Inc 2360 | 2,365 TWD | 614.66 TWD | −74% | vs COHR |
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Key figures of Coherent Inc
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