COHR

NYSE

COHERENT CORP.

Information Technology, Electronic Components

$379.13

close 7 Aug 2026

+233.74%

52-week change

$74.17B

market cap

$84.35

$440.00

52-week range

Expected price

$64.22 – $78.49

Current price

$379.13

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)179.68x

P/S (TTM)11.23x

P/B6.95x

EV/EBITDA (TTM)72.54x

FCF yield (TTM)-0.73%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average108.69x

P/E, sector median37.34x*

Price at 5-year median P/E$68.20*

Forward — analyst consensus

Forward P/E (FY2026)69.58x*

Forward P/E (FY2027)45.29x

Forward PEG1.30*

Consensus EPS FY2026 (19 analysts)$5.45

EPS growth (FY2026→FY2027)53.63%

Revenue growth (FY2026)21.44%

Street view

Price target (mean)$394.62*

Target upside4.08%

Ratings (buy / hold / sell)16 / 5 / 0

FY2026 EPS revisions, 30d (up / down)4 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 31 Mar 2026, filed 6 May 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +3.74%10Y CAGR +9.60%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$379.13

Cash & equivalents$1.59B

Total debt$3.19B

Shares outstanding195.64M

Result

DCF price per share-$64.67

Current price$379.13

Margin of safety-117.06%

PV of years 1–10-$4.34B

PV of terminal value-$6.71B

Equity value-$12.65B

Market-implied growth—

The base free cash flow is not positive; growing a negative flow is rarely a meaningful valuation.

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	-$558.37M	-$579.25M	-$600.92M	-$623.39M	-$646.71M	-$670.89M	-$695.98M	-$722.01M	-$749.02M	-$777.03M	-$14.48B
PV	-$517.01M	-$496.62M	-$477.03M	-$458.21M	-$440.14M	-$422.78M	-$406.10M	-$390.08M	-$374.70M	-$359.92M	-$6.71B

period to 31 Mar 2026, filed 6 May 2026, close 7 Aug 2026