IPG PhotonicsFRA:IPF +4.78%81 Debt-to-EBITDA is 0.19 as of Mar. 2026, which is 58% above its 10-year median of 0.12. GuruFocus rates FRA:IPF with a GF Score™ of 81/100 and a GF Value™ of €70.06 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 722 Semiconductors companies, IPG Photonics ranks better than 81.02% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for IPG Photonics's Debt-to-EBITDA or its related term are showing as below:
FRA:IPF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.06 Med: 0.12 Max: 0.24
Current: 0.18
During the past 13 years, the highest Debt-to-EBITDA Ratio of IPG Photonics was 0.24. The lowest was 0.06. And the median was 0.12.
FRA:IPF's Debt-to-EBITDA is ranked better than 81.02% of 722
companies
in the Semiconductors industry
Industry Median: 1.46
vs FRA:IPF: 0.18
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
IPG Photonics Debt-to-EBITDA Related Terms
IPG Photonics Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for IPG Photonics's Debt-to-EBITDA 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.
FRA:IPF vs AXTI, VECO, ACLS: Debt-to-EBITDA Comparison
For the Semiconductor Equipment & Materials subindustry, IPG Photonics's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, IPG Photonics's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where IPG Photonics's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
IPG Photonics (FRA:IPF) has a Debt-to-EBITDA of 0.19 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on IPG Photonics. This is 58% above median its historical median of 0.12. Over the past decade, IPG Photonics' Debt-to-EBITDA has ranged from 0.06 to 0.24. According to the industry distribution chart, IPG Photonics ranks #137 out of 722 companies in the Semiconductors industry, placing it in the top 19%.
Is IPG Photonics' Debt-to-EBITDA too high?
IPG Photonics' current Debt-to-EBITDA of 0.19 is 58% above median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.24. The Semiconductors industry median Debt-to-EBITDA is 1.46. IPG Photonics' value of 0.19 is 87% below this industry median. Based on the distribution chart, IPG Photonics ranks #137 out of 722 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 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IPG Photonics' Debt-to-EBITDA compare to AXTI and VECO?
According to the Semiconductors industry distribution chart, IPG Photonics ranks #137 out of 722 companies for Debt-to-EBITDA. This places IPG Photonics in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.46. IPG Photonics' value of 0.19 is 87% below this benchmark. Historically, IPG Photonics' own Debt-to-EBITDA has ranged from 0.06 to 0.24 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 1.46, IPG Photonics has consistently been below 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 Debt-to-EBITDA for a Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.46, based on 722 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IPG Photonics's current Debt-to-EBITDA of 0.19 is 87% below 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on IPG Photonics. For the Semiconductors industry, the median Debt-to-EBITDA is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPG Photonics's current Debt-to-EBITDA is 0.19, which is 58% above median its own 10-year median of 0.12. 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 Significantly Overvalued. The stock's GF Value™ is €70.06, compared to a current price of €93.38 — trading 33.3% above its estimated fair value. The current Debt-to-EBITDA is 0.19, which is 58% above median its 10-year median of 0.12 and 87% below the Semiconductors industry median of 1.46. IPG Photonics' overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For IPG Photonics (FRA:IPF), the current Debt-to-EBITDA is 0.19 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 IPG Photonics (FRA:IPF) Overvalued in 2026?
Based on GuruFocus' analysis, IPG Photonics stock appears to be overvalued.
The current stock price of €93.38 is trading 33.3% above its estimated GF Value™ of €70.06.
GuruFocus considers IPG Photonics to be Significantly Overvalued.
Key valuation signals for FRA:IPF:
Debt-to-EBITDA: 0.19 (58% above median its 10-year median of 0.12)
GF Value™: €70.06 vs. price of €93.38 (33.3% above fair value)
Industry Position: 87% below the Semiconductors median (#137 of 722)
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.
81GF Score
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