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Oxford Instruments plc (OXIG) Fair Value & Analysis

Technology · GB · Market cap 1.8B GBX

OI Oxford Instruments plc OXIG · LSE
Price£29.48
Fair Value£10.19
Upside-65.4%
Quality95/100
Evidence: High Range £7.42 – £12.96

Fair value as of: Jun 24, 2026

From 26 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from £9.06 to £10.19 (+12.5%) since Jun 23, 2026. Share price −7.0% over the past month.

Price vs Fair Value (12 months)

£31.94 £17.03 Fair Value £10.19 Jul 2025 Jun 2026

12‑month range £17.03 – £31.94 · fair‑value band £7.42 – £12.96 · the £29.48 price screens above the £10.19 fair value. As of Jun 24, 2026.

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Analysis

Oxford Instruments plc (OXIG) currently trades at £29.48, while our model-based Fair Value estimate is £10.19 — implying the stock looks roughly 65.4% overvalued today. We read business quality at 95/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Oxford Instruments plc generated revenue of £482M at a net margin of 2.9%. Revenue declined 9.2% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of £53.2M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) 482M GBX
Revenue growth (YoY) -9.2%
Net margin 2.9%
Return on equity 4.3%
Free cash flow 33.2M GBX FY2025
P/E ratio 119.7
More key figures
Operating margin 12.9%
EPS (TTM) £0.2700
Dividend yield 0.7%
EPS growth (YoY) -49.9%
Net cash 53.2M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations in the United Kingdom and internationally. It operates through two segments: Imaging and Analysis and Advanced Technologies. The company offers atomic force, electron, light, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems. It also provides low temperature systems, such as dilution refrigerators, high field magnets, and cryostats; optical imaging products, including cameras, confocal microscopy, and 3d and 4d visualization software; nuclear magnetic resonance (NMR) products comprising NMR spectrometers, TD-NMR research, QA/QC analyzers, and rock core analyze…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Oxford Instruments plc reported revenue of £501M in FY2025 versus £319M in FY2021, a compound +12.0%/yr. Reported net income was £26.0M in FY2025, compounding −11.2%/yr from FY2021.

Revenue +12.0%/yr
FY21 £319M
FY22 £367M
FY23 £445M
FY24 £470M
FY25 £501M
Net income −11.2%/yr
FY21 £41.8M
FY22 £38.6M
FY23 £58.6M
FY24 £50.7M
FY25 £26.0M

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Frequently asked questions

Is Oxford Instruments plc (OXIG) undervalued?
As of Jun 24, 2026, our model estimates a fair value of £10.19 versus a price of £29.48 — about −65% (overvalued). Model-based estimate, not financial advice.
What is the fair value of OXIG?
Our 21-model fair value for Oxford Instruments plc is £10.19 (as of Jun 24, 2026), built from audited fundamentals. The current price is £29.48.
What is the quality score of OXIG?
Oxford Instruments plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Oxford Instruments plc (OXIG)?
Oxford Instruments plc reported trailing-twelve-month revenue of about £482M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of OXIG?
The net profit margin of Oxford Instruments plc is about 2.9%, meaning it keeps roughly 2.9% of revenue as net income. Based on the latest reported figures.
Does Oxford Instruments plc pay a dividend?
Oxford Instruments plc currently shows a dividend yield of about 0.70% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.