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Amtech SystemsFRA:AS3 56 Degree of Operating Leverage is 53.31 as of Jun. 2026. GuruFocus rates FRA:AS3 with a GF Score™ of 56/100 and a GF Value™ of €3.82 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,017 Semiconductors companies, Amtech Systems ranks worse than 97.05% on this metric.
Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue.
Amtech Systems's Degree of Operating Leverage for the quarter that ended in Jun. 2026 was 53.31. The higher Degree of Operating Leverage, the higher operating risk the company will take.
The industry rank for Amtech Systems's Degree of Operating Leverage or its related term are showing as below:
FRA:AS3's Degree of Operating Leverage is ranked worse than 97.05% of 1017
companies
in the Semiconductors industry
Industry Median: 0.98
vs FRA:AS3: 53.31
Amtech Systems (FRA:AS3) Degree of Operating Leverage Explanation
Degree of Operating Leverage (DOL) is a leverage ratio that measures the sensitivity of a company’s operting income, also referred to as Earnings Before Interest and Taxes (EBIT), to fluctuations in its Revenue. DOL is a method used to quantify a company’s operating risk. This risk is related to the company's structure of variable costs and fixed costs. Since the fixed costs do not allow the company to adjust the operating costs, the operating risk rises with a higher fixed-to-variable costs proportion.
A high Degree of Operating Leverage indicates that the company’s fixed costs exceed its variable costs. By increasing the sales, the company can earn more profits. In addition, the company must be able to maintain relatively high sales to cover all fixed costs.
Be Aware
The use of operating leverage varies across different industries and business sectors, and the application of Degree of Operating Leverage (DOL) should be adjusted accordingly.
Amtech Systems Degree of Operating Leverage Related Terms
Amtech Systems Degree of Operating Leverage Historical Data
* Premium members only.
The historical data trend for Amtech Systems's Degree of Operating Leverage 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:AS3 vs ATOM, INTT, TRT: Degree of Operating Leverage Comparison
For the Semiconductor Equipment & Materials subindustry, Amtech Systems's Degree of Operating Leverage, along with its competitors' market caps and Degree of Operating Leverage 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.
Amtech Systems Degree of Operating Leverage vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Amtech Systems's Degree of Operating Leverage distribution charts can be found below:
* The bar in red indicates where Amtech Systems's Degree of Operating Leverage 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.
** TTM data of EBIT and Revenue was used to calculate Degree of Operating Leverage.
*** Please be aware that the Degree of Operating Leverage calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
What does a Degree of Operating Leverage of 53.31 mean?
Amtech Systems (FRA:AS3) has a Degree of Operating Leverage of 53.31 as of Jun. 2026. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Amtech Systems and its competitors. According to the industry distribution chart, Amtech Systems ranks #987 out of 1017 companies in the Semiconductors industry, placing it in the top 97.1%.
Is Amtech Systems' Degree of Operating Leverage too high?
Amtech Systems' current Degree of Operating Leverage is 53.31. The Semiconductors industry median Degree of Operating Leverage is 0.98. Amtech Systems' value of 53.31 is 5339.8% above this industry median. Based on the distribution chart, Amtech Systems ranks #987 out of 1017 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Amtech Systems has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Amtech Systems' Degree of Operating Leverage compare to ATOM and INTT?
According to the Semiconductors industry distribution chart, Amtech Systems ranks #987 out of 1017 companies for Degree of Operating Leverage. This places Amtech Systems in the lower half of its industry. The industry median Degree of Operating Leverage is 0.98. Amtech Systems' value of 53.31 is 5339.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Degree of Operating Leverage for a Semiconductors company?
The median Degree of Operating Leverage among Semiconductors companies is 0.98, based on 1,017 companies in the industry. Companies in the top quartile (top 25%) have a Degree of Operating Leverage significantly above this median, while those in the bottom quartile fall well below. However, Degree of Operating Leverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Amtech Systems's current Degree of Operating Leverage of 53.31 is 5339.8% 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 Degree of Operating Leverage mean?
A high Degree of Operating Leverage can signal that a stock is expensive relative to its fundamentals. Degree of Operating Leverage (DOL) measures the percentage change in EBIT for a unit change in Revenue. View historical data for Amtech Systems and its competitors. For the Semiconductors industry, the median Degree of Operating Leverage is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amtech Systems's current Degree of Operating Leverage is 53.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amtech Systems stock overvalued right now?
Based on GuruFocus' analysis, Amtech Systems (FRA:AS3) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.82, compared to a current price of €11.90 — trading 211.5% above its estimated fair value. The current Degree of Operating Leverage is 53.31 and 5339.8% above the Semiconductors industry median of 0.98. Amtech Systems' overall GF Score™ is 56/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Degree of Operating Leverage calculated?
Degree of Operating Leverage is calculated from a company's financial statements. For Amtech Systems (FRA:AS3), the current Degree of Operating Leverage is 53.31 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 Amtech Systems (FRA:AS3) Overvalued in 2026?
Based on GuruFocus' analysis, Amtech Systems stock appears to be overvalued.
The current stock price of €11.90 is trading 211.5% above its estimated GF Value™ of €3.82.
GuruFocus considers Amtech Systems to be Significantly Overvalued.
Key valuation signals for FRA:AS3:
Degree of Operating Leverage: 53.31
GF Value™: €3.82 vs. price of €11.90 (211.5% above fair value)
Industry Position: 5339.8% above the Semiconductors median (#987 of 1017)
No single metric tells the full story. See the FRA:AS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Amtech Systems Inc provides equipment, consumables and services for semiconductor device packaging, wafer production and device fabrication. Its products are used to fabricate and package GPUs for AI applications, SiC and Si power devices, and other optical, analog and digital devices, and are sold to semiconductor packaging, electronic assembly and device fabrication companies. It operates through two segments: Thermal Processing Solutions, which includes conveyorized reflow equipment, high-temperature conveyorized furnaces and diffusion furnaces with maximum revenue; and Semiconductor Fabrication Solutions, which includes consumables, equipment and services for wafer polishing, dicing and cleaning. The majority of revenue is derived from the United States.
56GF Score
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