Stock Analysis
Coherent Corp.COHR
P/E 97.28×· 5Y range 24.46–724.06×· 25th percentile of history
Sector: Technology · Industry: Optical Instruments & Lenses
AnalystsStrong Buy31 analystsP/E 97.3× sits at the 25th percentile of its 5.0513347022587265-year history.
Cash covers 56% of debt · FY 2026.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Growth100
- Financial Health73
Risks
- Quality28
- Profitability35
Mixed picture — no clear quality or value edge.
Market context
-7.1% today· Z 1.5σ
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
- ✓Altman Z 4.7 — safe-zone balance sheet
- ✓Revenue CAGR 21.0% — durable top-line growth
What's happening with COHR
Profile
Strong growth; moat, earnings quality, valuation and profitability lag behind.
How is each axis scored?
- Valuation32/100 · Weak
- P/E vs own history (25th pct)20/25
- FCF yield (-1.2%)0/25
- P/S (6.9x)12/25
- EV/EBIT (64.7x)0/25
- Growth100/100 · Strong
- Revenue CAGR (21.0%)25/25
- Net income CAGR (36.1%)25/25
- EPS CAGR 5Y (29.8%)25/25
- Fwd implied growth (289.8%)25/25
- Profitability35/100 · Weak
- ROIC (4.5%)5/25
- ROE (4.2%)5/25
- Net margin (7.1%)13/25
- Operating margin (11.0%)12/25
- Financial Health73/100 · Moderate
- Altman Z (4.74)25/25
- Current ratio (2.43)25/25
- Interest coverage (0.2x)3/25
- Net cash / debt (D/A 9%)20/25
- Quality28/100 · Weak
- Piotroski F (7/9)22/25
- Beneish M (-1.76)6/25
- FCF conversion (-115%)0/25
- Margin stability (σ 72.0%)0/25
- Moat23/100 · Weak
- ROIC >12% years (0/9 yrs)0/25
- Median gross margin (37.5%)13/25
- FCF-positive years (7/9 yrs)10/25
- Worst-year net margin (worst -5.0%)0/25
Risk Flags
- ⚠Beneish M -1.76 — earnings-manipulation flag
- ⚠Negative FCF margin (-0.1%) — burning cash
- ⚠3 loss-making years in recent history
- ⚠Interest coverage 0.2× — thin debt cushion
About Coherent Corp.
Coherent Corp is a vertically integrated manufacturing company that develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in the communications, industrial, instrumentation, and electronics markets. Show more
Its reporting segments are Datacenter Communications and Industrial. Its geographic areas are North America, Europe, China, Japan, and the rest of the world.
Headquarters: SAXONBURG, PA · Employees: 51,000 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
32DP/E (TTM)96.2xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 24.5x–724.1x · 25th pct
P/FCF188.9xD
Grade D: ExpensivePrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · CapEx exceeds operating cash flow (484% of OCF) — reported FCF understates normalized earning power in this investment phase
FCF Yield-1.2%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -1.2%–8.9% · lowest in history · CapEx exceeds operating cash flow (484% of OCF) — reported FCF understates normalized earning power in this investment phase
P/S (TTM)6.87xC
Grade C: ExpensivePrice / TTM Revenue (own statements) — vs own 5Y history: 0.8x–12.5x · 87th pct
EV/EBIT64.7xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 12.2x–250.7x · 62nd pct
EV/Sales7.1xC
Grade C: ExpensiveEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E24.7xB
Grade B: FairPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio4.04xC
Grade C: ExpensivePrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio—
Finnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield0.02%A
Grade A: PaysTTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio5.0%A
Grade A: SafeDividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
CapEx exceeds OCF: CapEx exceeds operating cash flow (484% of OCF) — reported FCF understates normalized earning power in this investment phase
Profitability
35DROIC4.5%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE4.2%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA4.9%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin7.1%C
Grade C: AverageNet Income / Revenue
Operating Margin11.0%C
Grade C: AverageTTM EBIT / TTM Revenue
Gross Margin36.8%C
Grade C: AverageGross Profit / Revenue
FCF Margin-8.2%D
Grade D: LowFCF / Revenue · CapEx exceeds operating cash flow (484% of OCF) — reported FCF understates normalized earning power in this investment phase
True FCF Margin-10.9%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · CapEx exceeds operating cash flow (484% of OCF) — reported FCF understates normalized earning power in this investment phase
Growth
100A+Revenue CAGR21.0%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR36.1%A
Grade A: HighCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)29.8%A
Grade A: HighCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth289.8%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)—
Share count change over 5Y
SBC / Net Income38.3%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue2.7%A
Grade A: LowTTM stock-based comp / TTM Revenue
Financial Health
73B+Altman Z-Score4.74A
Grade A: SafeBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio2.43xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio1.18xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage0.2xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF · CapEx exceeds operating cash flow (484% of OCF) — reported FCF understates normalized earning power in this investment phase
Net Debt/EBIT2.2xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity0.32xA
Grade A: LowDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.56xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
28EPiotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-1.76D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion-114.8%D
Grade D: PoorFCF / Net Income · CapEx exceeds operating cash flow (484% of OCF) — reported FCF understates normalized earning power in this investment phase
Margin Stability72.0%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue10.3%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.44xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Luther Sherri R Filed | Luther Sherri R | Tax withholding | -18284 | |
Place Jeffrey B. Filed | Place Jeffrey B. | Tax withholding | -641 | |
Digirolomo Enrico Filed | Digirolomo Enrico | Gift | -1279 | |
Digirolomo Enrico Filed | Digirolomo Enrico | SellOpen market sale | -5315 | |
Beard Robert P Filed | Beard Robert P | SellOpen market sale | -500 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Neal-Graves Lisa Filed | Neal-Graves Lisa | SellOpen market sale | -2200 | |
Eng Julie Sheridan Filed | Eng Julie Sheridan | SellOpen market sale | -6030 | |
Digirolomo Enrico Filed | Digirolomo Enrico | SellOpen market sale | -2272 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
23EROIC >12% Years0/9 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)37.5%C
Grade C: ModerateMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years7/9 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-5.0%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$2.39
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$10.15
Cash & short-term investments per share (Finnhub)
Book Value / Share$55.70
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$3.55B
Total debt obligations (short + long term)
Cash & Equiv.$1.99B
Cash and short-term investments
Net Debt$1.56B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$11.24B
Shareholders' equity (book value)
Asset / Liability2.59xA
Grade A: SolidTotal Assets / Total Liabilities
Market
Market Cap$45.35B
Current Market Capitalization
Beta2.18D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Coherent Corp. (COHR)
COHR is down 7.06% at the last close. Coherent Corp. meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 4.74 sits comfortably in the safe zone (≥ 2.99), indicating low bankruptcy risk. Beneish M-Score of -1.76 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny. Revenue has compounded at roughly 21% annually, with net income growing about 36% per year — a strong growth profile.
- Free-cash-flow margin is negative (-8%) — the business currently burns cash.
- Company has negative FCF, making debt repayment from operations difficult.
- Interest coverage of 0.2× leaves little room for earnings shocks.
- Coherent Corp. posted a net loss in 3 of 9 available completed fiscal years (2017–2026).
See how COHR ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all COHR moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 14 | After-hours | 257.51 | -11.20% | -2.46 |
| Oct 12 | After-hours | 284.50 | -8.99% | -2.20 |
| Oct 8 | Regular | 300.69 | -10.12% | -2.24 |
Frequently Asked Questions about COHR
What is the current Coherent Corp. (COHR) stock price?
COHR is trading at $232.90 at the last market close, down 7.06% on the session. PreMarketPrice tracks COHR pre-market, intraday and after-hours prices.
Is COHR stock a buy right now?
PreMarketPrice's quantitative model rates Coherent Corp.'s financial health at 73/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is COHR stock overvalued?
Coherent Corp. trades at a trailing P/E of 96.2 and our valuation score rates it 32/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Coherent Corp. report earnings?
No confirmed earnings date is currently scheduled for COHR. The Earnings section lists recent reports and updates as dates are announced.
What sector does Coherent Corp. operate in?
Coherent Corp. operates in the Technology sector, within the Optical Instruments & Lenses industry. The Related Stocks section lists sector peers for comparison.
What does Coherent Corp. do?
Coherent Corp is a vertically integrated manufacturing company that develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in the communications, industrial, instrumentation, and electronics markets.
About Coherent Corp. (COHR) Stock
Coherent Corp. (COHR) is a US-listed stock operating in the Technology sector, specifically the Optical Instruments & Lenses industry. As of the latest update, Coherent Corp. is trading at $232.90, down 7.06% on the day with a market capitalization of $45.4 billion. The financial health score for COHR is 73/100, which indicates good financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for COHR stock.
COHR Stock Analysis & Key Metrics
On PreMarketPrice, you can track Coherent Corp. (COHR) across multiple dimensions:
- Pre-market price & movement: Real-time COHR stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for COHR with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Coherent Corp. across multiple reporting periods.
- Financial health score: A composite score of 73/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for COHR.
- Sector peers: Compare COHR against 5 other technology stocks on key financial metrics.
Is COHR a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Coherent Corp. (COHR) as an investment. The financial health score of 73/100 suggests good financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Coherent Corp. (COHR) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.