# Universal Display Corporation (OLED) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Semiconductors & Semiconductor Equipment. Price $82.33, market value $3.8 billion.

## Valuation
- **P/E (trailing): 19.9×** (5-yr avg 32.2×, 3-yr avg 32.4×). Universal Display Corporation trades at 19.9× trailing earnings, well below its own five-year average of 32.2×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×. Forward P/E is 17.3×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.87**. A PEG of 1.87 is in the range usually read as fairly priced for its growth.
- **Price / sales: 6.2×**. Each dollar of revenue is priced at 6.2×.
- **Price / book: 2.3×**. The shares trade at 2.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 5.8%** (5-yr avg 2.1%). Free cash flow equals 5.8% of the market value, above its five-year average of 2.1%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 5.0%**. The inverse of the P/E: 5.0% of the price is earned each year.

## Profitability
- **Gross margin: 75.3%**. Universal Display Corporation keeps 75.3% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 34.1%**. 34.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 37.2%**. 37.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 13.7%**. 13.7% on shareholders' equity is solid.
- **Return on assets: 10.0%**. Each dollar of assets produces 10.0% of profit.

## Growth
- **Revenue growth (1 yr): 0.5%** (3-yr 1.8%/yr, 5-yr 8.7%/yr). Revenue grew 0.5% over the last year, against 8.7% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 9.2%** (3-yr 4.9%/yr, 5-yr 12.7%/yr). Earnings per share rose 9.2%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): 22.3%/yr**. Free cash flow has compounded at 22.3% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Current ratio: 10.06** (quick 10.06). Current assets cover the next year's liabilities 10.06 times.
- **Altman Z-score: 13.80**. A Z-score of 13.80 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.43%** ($1.90 per share, trailing). Universal Display Corporation yields 2.43%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 35%** (41% of free cash flow). 35% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 24.6%/yr** (1-yr 12.5%). The dividend has compounded at 24.6% a year over five years, doubling roughly every 3 years at that pace.

## Price and momentum
- **Total return (1 yr): -42.1%** (YTD -28.7%, 3-mo -3.9%). The shares are down 42.1% over twelve months including dividends.
- **From 52-week high: -46.3%** (7.7% above the low). Trading 46% 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): 43**. An RSI of 43 is neutral.
- **Beta (1 yr): 1.41** (volatility 41%). Beta of 1.41 against the S&P 500: the shares move much more than the market.

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

Not investment advice.