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IPG PhotonicsFRA:IPF +2.51%79 Cash-to-Debt is 53.61 as of Jun. 2026, which is 68% above its 10-year median of 31.87. GuruFocus rates FRA:IPF with a GF Score™ of 79/100 and a GF Value™ of €74.78 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,022 Semiconductors companies, IPG Photonics ranks better than 86.4% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. IPG Photonics's cash to debt ratio for the quarter that ended in Jun. 2026 was 53.61.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, IPG Photonicscould pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for IPG Photonics's Cash-to-Debt or its related term are showing as below:
FRA:IPF'
s Cash-to-Debt Range Over the Past 10 Years
Min: 18.56 Med: 31.87 Max: 64.48
Current: 53.61
During the past 13 years, IPG Photonics's highest Cash to Debt Ratio was 64.48. The lowest was 18.56. And the median was 31.87.
FRA:IPF's Cash-to-Debt is ranked better than 86.4% of 1022
companies
in the Semiconductors industry
Industry Median: 1.65
vs FRA:IPF: 53.61
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
IPG Photonics Cash-to-Debt Related Terms
IPG Photonics Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for IPG Photonics's Cash-to-Debt can be seen below:
* 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
FRA:IPF vs ACLS, UCTT, VECO: Cash-to-Debt Comparison
For the Semiconductor Equipment & Materials subindustry, IPG Photonics's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.
IPG Photonics Cash-to-Debt vs Semiconductors Industry
For the Semiconductors industry and Technology sector, IPG Photonics's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where IPG Photonics's Cash-to-Debt 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.
IPG Photonics (FRA:IPF) has a Cash-to-Debt of 53.61 as of Jun. 2026. This is 68% above median its historical median of 31.87. Over the past decade, IPG Photonics' Cash-to-Debt has ranged from 18.56 to 64.48. According to the industry distribution chart, IPG Photonics ranks #139 out of 1022 companies in the Semiconductors industry, placing it in the top 13.6%.
Is IPG Photonics' Cash-to-Debt too high?
IPG Photonics' current Cash-to-Debt of 53.61 is 68% above median its 10-year median of 31.87. Over the past 10 years, this metric has ranged from a low of 18.56 to a high of 64.48. The Semiconductors industry median Cash-to-Debt is 1.65. IPG Photonics' value of 53.61 is 3149.1% above this industry median. Based on the distribution chart, IPG Photonics ranks #139 out of 1022 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, IPG Photonics has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IPG Photonics' Cash-to-Debt compare to ACLS and UCTT?
According to the Semiconductors industry distribution chart, IPG Photonics ranks #139 out of 1022 companies for Cash-to-Debt. This places IPG Photonics in the top 14% of its industry — outperforming the majority of peers. The industry median Cash-to-Debt is 1.65. IPG Photonics' value of 53.61 is 3149.1% above this benchmark. Historically, IPG Photonics' own Cash-to-Debt has ranged from 18.56 to 64.48 over the past decade. While the company's 10-year median is 31.87 vs. the industry median of 1.65, IPG Photonics 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-to-Debt for a Semiconductors company?
The median Cash-to-Debt among Semiconductors companies is 1.65, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IPG Photonics's current Cash-to-Debt of 53.61 is 3149.1% 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-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median Cash-to-Debt is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPG Photonics's current Cash-to-Debt is 53.61, which is 68% above median its own 10-year median of 31.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPG Photonics stock overvalued right now?
Based on GuruFocus' analysis, IPG Photonics (FRA:IPF) is currently considered Modestly Undervalued. The stock's GF Value™ is €74.78, compared to a current price of €66.04 — trading 11.7% below its estimated fair value. The current Cash-to-Debt is 53.61, which is 68% above median its 10-year median of 31.87 and 3149.1% above the Semiconductors industry median of 1.65. IPG Photonics' overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For IPG Photonics (FRA:IPF), the current Cash-to-Debt is 53.61 as of Jun. 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 IPG Photonics (FRA:IPF) Overvalued in 2026?
Based on GuruFocus' analysis, IPG Photonics stock appears to be undervalued.
The current stock price of €66.04 is trading 11.7% below its estimated GF Value™ of €74.78.
GuruFocus considers IPG Photonics to be Modestly Undervalued.
Key valuation signals for FRA:IPF:
Cash-to-Debt: 53.61 (68% above median its 10-year median of 31.87)
GF Value™: €74.78 vs. price of €66.04 (11.7% below fair value)
Industry Position: 3149.1% above the Semiconductors median (#139 of 1022)
No single metric tells the full story. See the FRA:IPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPG Photonics Corp is a vertically integrated developer and manufacturer of high-performance fiber lasers, laser and non-laser systems, fiber amplifiers, diode lasers, and related optical components. Its products are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. The company sells its products globally to original equipment manufacturers (OEMs), system integrators, and end users. Additionally, it manufactures complementary products used with its lasers, including optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors, and chillers. Geographically, the company generates maximum revenue from North America, followed by China, Japan, Germany, and other markets.
79GF Score
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