nLIGHT Inc (LASR) fair value: what the stock is really worth
We calculate from audited financials what nLIGHT Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
- Compare price with fair valuebelow fair value = cheap, above = expensive
- Check the quality50 and up solid, 75 and up strong
- Watch it or check another stockalert when fair value or trend changes
At a glance
nLIGHT Inc
LASR · US
Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
A solid business, but trading 897% above our fair value of $3.94.
As of Aug 18, 2026, the fair value of nLIGHT Inc is $3.94 per share against a price of $39.29, so the fair value sits 90% below the price. A model estimate from reported figures, not an analyst target.
Fair value as of: Aug 18, 2026
From 9 valuation models · updated 24 days ago
Share price −20.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case ($4.79). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.
How to read this chart
60‑month range $6.44 – $84.95 · fair‑value band $3.09 – $4.79 · the $39.29 price screens above the $3.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 18, 2026.
Analysis
nLIGHT Inc (LASR) currently trades at $39.29, while our model-based Fair Value estimate is $3.94, implying the stock looks roughly 897.0% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Technology sector. Bull case: the Growth DCF group reads highest at a median of $4.69 per share, and 0 of the 9 models we run sit above the $39.29 price. Bear case: the Dividend Discount group reads lowest at $2.35, and 9 of the 9 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, nLIGHT Inc generated revenue of $290M at a net margin of −5.1%. Revenue grew 55.2% year over year. It earns a return on equity of −4.6%. The balance sheet holds a net cash position of $62.5M. Fundamentals as of Aug 18, 2026
Scenario range: $3.09 (bear) to $4.79 (bull), the price of $39.29 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 55% below its 52-week high and 133% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −63% fair-value upside, at −90%, LASR screens richer than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
All 9 models by family
Widest divergence: Growth DCF ($4.69) versus Dividend Discount ($2.35). Highest evidence: FCF DCF (82).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 60 · Market factors (momentum, volatility) 28
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
nLIGHT, Inc. engages in the design, development, manufacture, and sale of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It operates through two segments, Laser Products and Advanced Development.
Full company description
nLIGHT, Inc. engages in the design, development, manufacture, and sale of semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It operates through two segments, Laser Products and Advanced Development. The company offers semiconductor lasers with various ranges of power levels, wavelengths, and output fiber sizes; and programmable and serviceable fiber lasers for use in aerospace and defense and industrial applications. It also provides fiber amplifiers, beam combination, and control systems for use in high-energy laser systems in directed energy applications. The company sells its products through direct sales force in the United States, China, South Korea, and European countries, as well as through independent sales representatives and distributors in Asia, Australia, Europe, the Middle East, and South America. The company was formerly known as nLight Photonics Corporation and changed its name to nLIGHT, Inc. in January 2016. nLIGHT, Inc. was incorporated in 2000 and is headquartered in Camas, Washington.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
nLIGHT Inc reported revenue of $261M in FY2025 versus $270M in FY2021, a compound −0.8%/yr. Reported net income was −$23.5M in FY2025.
LASR screens 897% overvalued. Compare with NVIDIA Corporation →
Peer Group
Semiconductors · 327 stocks
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.
Valuation Multiples vs Semiconductors median · lower = cheaper
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must nLIGHT Inc deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Semiconductors stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NVIDIA Corporation NVDA | $230.36 | $98.98 | −57% |
| Taiwan Semiconductor Manufacturing Company TSM | $428.91 | $296.10 | −31% |
| Broadcom Inc AVGO | $357.90 | $118.27 | −67% |
| SK hynix Inc 000660 | 1,647,000 KRW | 1,481,291 KRW | −10% |
| Micron Technology, Inc MU | $1,017 | $148.38 | −85% |
| Advanced Micro Devices, Inc AMD | $477.57 | $55.02 | −88% |
| Intel Corporation INTC | $95.80 | $35.41 | −63% |
| Texas Instruments Incorporated TXN | $258.44 | $78.54 | −70% |
| Semiconductor Manufacturing International Corporation 688981 | ¥124.12 | ¥16.55 | −87% |
| QUALCOMM Incorporated QCOM | $168.74 | $147.20 | −13% |
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