# IPG Photonics Corporation (IPGP) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $78.00, market value $3.3 billion.

## Valuation
- **P/E (trailing): 120.0×** (5-yr avg 49.7×, 3-yr avg 60.8×). IPG Photonics Corporation trades at 120.0× trailing earnings, well above its own five-year average of 49.7×: investors are paying up relative to the company's past. The Technology median in the September 2026 study was 32.1×. Forward P/E is 34.1×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.29**. A PEG of 0.29 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 3.1×**. Each dollar of revenue is priced at 3.1×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 38.8×**. Enterprise value is 38.8× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 0.6%** (5-yr avg 2.6%). Free cash flow equals 0.6% of the market value, below its five-year average of 2.6%, so the shares are pricier on cash than usual.
- **Earnings yield: 0.8%**. The inverse of the P/E: 0.8% of the price is earned each year.

## Profitability
- **Gross margin: 38.4%**. IPG Photonics Corporation keeps 38.4% of revenue after the direct cost of what it sells.
- **Operating margin: 0.7%**. 0.7% of revenue is left after running the business, which leaves little cushion in a downturn.
- **Net margin: 3.1%**. 3.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 1.5%**. 1.5% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 0.4%**. Return on all capital, debt included, is 0.4%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: 1.1%**. Each dollar of assets produces 1.1% of profit.

## Growth
- **Revenue growth (1 yr): 2.7%** (3-yr -11.1%/yr, 5-yr -3.5%/yr). Revenue grew 2.7% over the last year, against -3.5% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 117.8%** (3-yr -30.3%/yr, 5-yr -24.5%/yr). Earnings per share rose 117.8%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. IPG Photonics Corporation holds more cash than debt.
- **Current ratio: 6.08** (quick 6.08). Current assets cover the next year's liabilities 6.08 times.
- **Altman Z-score: 8.97**. A Z-score of 8.97 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. IPG Photonics Corporation does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -5.3%** (YTD 8.9%, 3-mo -27.4%). The shares are down 5.3% over twelve months including dividends.
- **From 52-week high: -49.9%** (12.4% above the low). Trading 50% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 44**. An RSI of 44 is neutral.
- **Beta (1 yr): 2.09** (volatility 72%). Beta of 2.09 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=IPGP · Page: https://foliofundamentals.com/stocks/ipgp

Not investment advice.