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LightPath TechnologiesLPTH +4.14%44 Cash Ratio is 2.57 as of Mar. 2026, which is 257% above its 10-year median of 0.72. GuruFocus rates LPTH with a GF Score™ of 44/100 and a GF Value™ of $2.50 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,479 Hardware companies, LightPath Technologies ranks better than 86.08% on this metric.
LightPath Technologies has a Cash Ratio of 2.57. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for LightPath Technologies's Cash Ratio or its related term are showing as below:
LPTH'
s Cash Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.72 Max: 3.01
Current: 2.57
During the past 13 years, LightPath Technologies's highest Cash Ratio was 3.01. The lowest was 0.29. And the median was 0.72.
LPTH's Cash Ratio is ranked better than 86.08% of 2479
companies
in the Hardware industry
Industry Median: 0.62
vs LPTH: 2.57
LightPath Technologies (NAS:LPTH) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Electronic Components subindustry, LightPath Technologies's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
LightPath Technologies Cash Ratio vs Hardware Industry
For the Hardware industry and Technology sector, LightPath Technologies's Cash Ratio distribution charts can be found below:
* The bar in red indicates where LightPath Technologies's Cash Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LightPath Technologies (LPTH) has a Cash Ratio of 2.57 as of Mar. 2026. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on LightPath Technologies and its competitors. This is 257% above median its historical median of 0.72. Over the past decade, LightPath Technologies' Cash Ratio has ranged from 0.29 to 3.01. According to the industry distribution chart, LightPath Technologies ranks #345 out of 2479 companies in the Hardware industry, placing it in the top 13.9%.
Is LightPath Technologies' Cash Ratio too high?
LightPath Technologies' current Cash Ratio of 2.57 is 257% above median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.29 to a high of 3.01. The Hardware industry median Cash Ratio is 0.62. LightPath Technologies' value of 2.57 is 314.5% above this industry median. Based on the distribution chart, LightPath Technologies ranks #345 out of 2479 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, LightPath Technologies has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LightPath Technologies' Cash Ratio compare to KOPN and MEI?
According to the Hardware industry distribution chart, LightPath Technologies ranks #345 out of 2479 companies for Cash Ratio. This places LightPath Technologies in the top 14% of its industry — outperforming the majority of peers. The industry median Cash Ratio is 0.62. LightPath Technologies' value of 2.57 is 314.5% above this benchmark. Historically, LightPath Technologies' own Cash Ratio has ranged from 0.29 to 3.01 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 0.62, LightPath Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Ratio for a Hardware company?
The median Cash Ratio among Hardware companies is 0.62, based on 2,479 companies in the industry. Companies in the top quartile (top 25%) have a Cash Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cash Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. LightPath Technologies's current Cash Ratio of 2.57 is 314.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Ratio mean?
A high Cash Ratio can signal that a stock is expensive relative to its fundamentals. Cashflow ratio is the ratio of Cash, Cash Equivalents, Marketable Securities to current liabilities. View historical data on LightPath Technologies and its competitors. For the Hardware industry, the median Cash Ratio is 0.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LightPath Technologies's current Cash Ratio is 2.57, which is 257% above median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LightPath Technologies stock overvalued right now?
Based on GuruFocus' analysis, LightPath Technologies (LPTH) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.50, compared to a current price of $13.09 — trading 423.6% above its estimated fair value. The current Cash Ratio is 2.57, which is 257% above median its 10-year median of 0.72 and 314.5% above the Hardware industry median of 0.62. LightPath Technologies' overall GF Score™ is 44/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Ratio calculated?
Cash Ratio is calculated from a company's financial statements. For LightPath Technologies (LPTH), the current Cash Ratio is 2.57 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is LightPath Technologies (LPTH) Overvalued in 2026?
Based on GuruFocus' analysis, LightPath Technologies stock appears to be overvalued.
The current stock price of $13.09 is trading 423.6% above its estimated GF Value™ of $2.50.
GuruFocus considers LightPath Technologies to be Significantly Overvalued.
Key valuation signals for LPTH:
Cash Ratio: 2.57 (257% above median its 10-year median of 0.72)
GF Value™: $2.50 vs. price of $13.09 (423.6% above fair value)
Industry Position: 314.5% above the Hardware median (#345 of 2479)
No single metric tells the full story. See the LPTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LightPath Technologies Inc manufactures, distributes, and integrates proprietary optical components and assemblies. It develops optical solutions for traditional optics and communications markets. The company's products include precision molded optics and infrared products, serving markets such as distribution, laser, industrial, instrumentation, telecommunications, and defense. Its products are categorized as infrared components, visible components, assemblies and modules, and engineering services. G5 Infrared's revenue mainly comes from infrared components and assemblies.
44GF Score
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