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Friday 6 November 2026 Export IPGP’s income statement to Excel — free account

IPG Photonics Corporation

IPGP Technology Semiconductor Equipment & Materials

IPG Photonics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 2.73% from fiscal 2024.

Revenue
+14.6%
EPS
+164.8%
Free cash flow
+105.2%

Quarter to September 2026, against a year earlier

64.78 2.75 +4.43%
Market cap
$2.6B
P/E
65.0×
Fwd P/E
65.8×
Dividend yield
—
F-score
8/9
Altman Z
8.69
Beneish M
−2.50
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

IPG Photonics Corporation (IPGP) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, IPG Photonics Corporation (IPGP) trades at a P/B ratio of 1.2×. Over the past ten years it has ranged from 1.0× (April 2025) to 7.0× (January 2018); the current reading is higher than 1% of that period. That is below the Semiconductor Equipment & Materials industry median of 2.9× and below the Technology sector median of 2.5×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 1.4× (10.54%)
FY2024 1.6× (23.46%)
FY2023 2.1× 1.33%
FY2022 2.1× (38.65%)
FY2021 3.3× (27.06%)
FY2020 4.6× 43.35%
FY2019 3.2× 16.46%
FY2018 2.7× (53.27%)
FY2017 5.9× 74.77%
FY2016 3.4× (9.67%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.5× (34.04%)
Jun 2026 2.3× 2.37%
Mar 2026 2.3× 60.60%
Dec 2025 1.4× (10.27%)
43 more quarters

Against its own ten years

Low 1.0× High 7.0×
Ten-year median 3.1×
Current reading's percentile 1

P/B ratio against peers

Company P/B ratio
ACMR ACM Research, Inc. compare 1.1×
IPGP IPG Photonics Corporation 1.2×
UCTT Ultra Clean Holdings, Inc. compare 2.1×
COHU Cohu, Inc. compare 2.1×
VECO Veeco Instruments Inc. compare 2.2×
ACLS Axcelis Technologies, Inc. compare 2.5×
AXTI AXT Inc compare 2.6×
KLIC Kulicke and Soffa Industries, Inc. compare 3.5×
AMBA Ambarella, Inc. compare 3.9×
Semiconductor Equipment & Materials industry median 2.9×
Technology sector median 2.5×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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