# LightPath Technologies Inc. (LPTH) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Electronic Equipment, Instruments & Components. Price $9.67, market value $607 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). LightPath Technologies Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 9.7×**. Each dollar of revenue is priced at 9.7×.
- **Price / book: 6.6×**. The shares trade at 6.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -1.7%** (5-yr avg -4.6%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Gross margin: 32.1%**. LightPath Technologies Inc. keeps 32.1% of revenue after the direct cost of what it sells.
- **Operating margin: -31.6%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -40.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -95.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -100.8%**. Return on all capital, debt included, is -100.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -28.8%**. Each dollar of assets produces -28.8% of profit.

## Growth
- **Revenue growth (1 yr): 17.3%** (3-yr 1.5%/yr, 5-yr 1.2%/yr). Revenue grew 17.3% over the last year, against 1.2% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -71.4%**. Earnings per share fell 71.4%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.31**. Debt is 0.31 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 0.0×**. It would take 0.0 years of operating earnings to repay net borrowings, within the comfortable range.
- **Altman Z-score: 11.76**. A Z-score of 11.76 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 2/9**. 2 of 9 checks pass: weak or deteriorating financials.

## Dividends
- **Dividend: none**. LightPath Technologies Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (5 analysts). 5 analysts cover LightPath Technologies Inc.; the consensus is strong_buy, with an average price target of $15.58 (+61% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 69.1%** (YTD -10.5%, 3-mo -35.2%). The shares are up 69.1% over twelve months including dividends.
- **From 52-week high: -48.9%** (87.0% above the low). Trading 49% 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): 38**. An RSI of 38 is neutral.
- **Beta (1 yr): 3.59** (volatility 122%). Beta of 3.59 against the S&P 500: the shares move much more than the market.

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

Not investment advice.