Ratios

		vs industry	vs history
P/E(ttm)	19.70	IIVI's P/E(ttm) is ranked higher than 78% of the 1561 Companies in the Global Scientific & Technical Instruments industry. ( Industry Median: 20.31 vs. IIVI: 19.70 )	IIVI' s 10-Year P/E(ttm) Range Min: 7.81   Max: 92.24 Current: 19.7 7.81 92.24
P/S	2.00	IIVI's P/S is ranked lower than 81% of the 1561 Companies in the Global Scientific & Technical Instruments industry. ( Industry Median: 0.73 vs. IIVI: 2.00 )	IIVI' s 10-Year P/S Range Min: 1.47   Max: 6.29 Current: 2 1.47 6.29
PFCF	14.40	IIVI's PFCF is ranked higher than 50% of the 1561 Companies in the Global Scientific & Technical Instruments industry. ( Industry Median: 13.74 vs. IIVI: 14.40 )	IIVI' s 10-Year PFCF Range Min: 13.37   Max: 961 Current: 14.4 13.37 961
EV-to-EBIT	14.52	IIVI's EV-to-EBIT is ranked higher than 81% of the 1561 Companies in the Global Scientific & Technical Instruments industry. ( Industry Median: 15.40 vs. IIVI: 14.52 )	IIVI' s 10-Year EV-to-EBIT Range Min: 6.7   Max: 166.3 Current: 14.52 6.7 166.3
PEG	1.49	IIVI's PEG is ranked higher than 96% of the 1561 Companies in the Global Scientific & Technical Instruments industry. ( Industry Median: 1.50 vs. IIVI: 1.49 )	IIVI' s 10-Year PEG Range Min: 0.38   Max: 8.33 Current: 1.49 0.38 8.33
Shiller P/E	17.86	IIVI's Shiller P/E is ranked higher than 92% of the 1561 Companies in the Global Scientific & Technical Instruments industry. ( Industry Median: 21.15 vs. IIVI: 17.86 )	IIVI' s 10-Year Shiller P/E Range Min: 14.26   Max: 60.15 Current: 17.86 14.26 60.15

Valuation & Return

		vs industry	vs history
Earnings Yield (Greenblatt)	6.90	IIVI's Earnings Yield (Greenblatt) is ranked higher than 89% of the 1561 Companies in the Global Scientific & Technical Instruments industry. ( Industry Median: 5.45 vs. IIVI: 6.90 )	IIVI' s 10-Year Earnings Yield (Greenblatt) Range Min: 0.6   Max: 14.9 Current: 6.9 0.6 14.9
Forward Rate of Return (Yacktman)	15.84	IIVI's Forward Rate of Return (Yacktman) is ranked higher than 96% of the 1561 Companies in the Global Scientific & Technical Instruments industry. ( Industry Median: 3.01 vs. IIVI: 15.84 )	IIVI' s 10-Year Forward Rate of Return (Yacktman) Range Min: 6.2   Max: 28.1 Current: 15.84 6.2 28.1

Business Description

II-VI Incorporated was incorporated in Pennsylvania in 1971. The Company develops, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, military, optical communication, photovoltaic, medical and aerospace applications. The Company consists of four reportable segments: Infrared Optics; Near-Infrared Optics; Military & Materials; and Advanced Products Group (formerly Compound Semiconductor Group). The Company develops, manufactures, refines and markets infrared and near-infrared laser optical elements, military infrared optical components and assemblies, optical communications components and modules, selenium, tellurium and rare earth metals and chemicals, thermoelectric cooling and power generation systems and single crystal silicon carbide substrates. Its products are supplied to manufacturers and users in a wide variety of markets including industrial, military, optical communications, photovoltaic and medical and are deployed in applications that it believe reduce the cost and improve the performance of laser cutting, welding and marking operations; reduce the cost and improve the reliability of military-related products; reduce the cost and improve the operations of optical communication products; reduce the cost and improve the operations of photovoltaic products; reduce the cost and improve the reliability of medical procedures; and reduce the cost and improve the performance of cooling and power generation solutions. Its U.S. production operations are located in Pennsylvania, Florida, California, New Jersey, Texas, Mississippi and Massachusetts, and its non-U.S. production operations are based in China, Singapore, Vietnam, the Philippines, Germany and Australia. Competitors producing infrared laser optics include Sumitomo Electric Industries, Ltd. and Newport Corporation. Competing producers of automated equipment and laser material processing tools to deliver high power one-micron laser systems include Optoskand AB and Precitec, Inc. competing producers of YAG materials and optics include Northrop Grumman Corporation and CVI Melles Griot. Competing producers of optical component and optics products include O-Net Communications, OPLINK Communication and Axsun. Competing producers of infrared optics for military applications include DRS Technologies, Inc., Goodrich Corporation and in-house fabrication and thin film coating capabilities of major military customers. Competing producers of selenium and tellurium metals and other chemicals include Umicore and Vital Chemical. Competing producers of TEMs include Komatsu, Ltd., Laird Technologies and Ferrotec Corporation. Competing producers of single crystal SiC substrates include Cree, Inc., Dow Corning Corporation, Nippon Steel, Bridgestone and SiCrystal AG. As a global company, it is subject to taxation in the United States and various other countries and jurisdictions.
Company Website
SEC Reports

Industry:	Scientific & Technical Instruments
Compare:	A, ROP, GRMN, HXGBY, TRMB
Traded in other countries:	II6.Germany

» More Articles for IIVI

Headlines

Articles On GuruFocus.com

The Most Overpaid and Underpaid CEOs Jan 19 2012

Follow Up on a Speculative Options Bet May 27 2011

IIVI Inc. Reports Operating Results (10-Q) Feb 08 2011

IIVI Inc. Reports Operating Results (10-Q) Nov 08 2010

IIVI Inc. (IIVI) President & CEO Francis J Kramer sells 30,000 Shares Nov 02 2010

IIVI Inc. (IIVI) Chairman, 10% Owner Carl J Johnson sells 1,562 Shares May 26 2010

IIVI Inc. (IIVI) Treasurer & CFO Craig A Creaturo sells 10,000 Shares May 13 2010

IIVI Inc. Reports Operating Results (10-Q) May 07 2010

IIVI Inc. (IIVI) President & CEO Francis J Kramer sells 9,000 Shares May 04 2010

IIVI Inc. (IIVI) CFO & Treasurer Craig A Creaturo sells 4,700 Shares May 04 2010

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