IPG Photonics (FRA:IPF) EBIT: €20.9 Mil (TTM As of Mar. 2026)


FRA:IPF IPG Photonics Corp FRA:IPF
79 GF Score
Price €94.50
GF Value €74.51
Valuation Modestly Overvalued
! 5 Warning Signs
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What is IPG Photonics EBIT?

IPG Photonics FRA:IPF -5.48% 79 EBIT is €20.9 Mil as of Mar. 2026. GuruFocus rates FRA:IPF with a GF Score™ of 79/100 and a GF Value™ of €74.51 (Modestly Overvalued). The stock has 5 warning signs investors should review.

IPG Photonics's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €4.8 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €20.9 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. IPG Photonics's annualized ROC % for the quarter that ended in Mar. 2026 was 1.47%. IPG Photonics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 2.23%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. IPG Photonics's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.63%.


IPG Photonics  (FRA:IPF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

IPG Photonics's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=19.252 * ( 1 - 0% )/( (1296.727 + 1322.951)/ 2 )
=19.252/1309.839
=1.47 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2070.335 - 56.822 - ( 716.786 - max(0, 199.868 - 1215.618+716.786))
=1296.727

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2094.72 - 68.606 - ( 703.163 - max(0, 213.807 - 1239.664+703.163))
=1322.951

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

IPG Photonics's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=19.252/( ( (544.439 + max(303.297, 0)) + (550.349 + max(327.016, 0)) )/ 2 )
=19.252/( ( 847.736 + 877.365 )/ 2 )
=19.252/862.5505
=2.23 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(155.201 + 267.657 + 75.974) - (56.822 + 56.542 + 82.171)
=303.297

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(166.458 + 275.94 + 94.103) - (68.606 + 58.639 + 82.24)
=327.016

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

IPG Photonics's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=20.908/3318.699
=0.63 %

* 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 EBIT Related Terms


IPG Photonics EBIT Historical Data

* Premium members only.

The historical data trend for IPG Photonics's EBIT 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.

IPG Photonics EBIT Chart

IPG Photonics Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 312.20 218.44 212.35 13.83 19.69

IPG Photonics Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.92 2.78 8.34 4.98 4.81

FRA:IPF vs ACLS, KLIC, UCTT: EBIT Comparison

For the Semiconductor Equipment & Materials subindustry, IPG Photonics's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Semiconductors Industry

For the Semiconductors industry and Technology sector, IPG Photonics's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where IPG Photonics's EV-to-EBIT falls into.


FRA:IPF
79GF Score
IPG Photonics Corp FRA:IPF
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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IPG Photonics EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €20.9 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of €20.9 Mil mean?
IPG Photonics (FRA:IPF) has a EBIT of €20.9 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on IPG Photonics.
Is IPG Photonics' EBIT too high?
IPG Photonics' current EBIT is €20.9 Mil. Overall, IPG Photonics has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IPG Photonics' EBIT compare to ACLS and KLIC?
IPG Photonics' EBIT of €20.9 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Semiconductors company?
A good EBIT depends on the Semiconductors industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on IPG Photonics. IPG Photonics's current EBIT is €20.9 Mil. 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 Overvalued. The stock's GF Value™ is €74.51, compared to a current price of €94.50 — trading 26.8% above its estimated fair value. The current EBIT is €20.9 Mil. IPG Photonics' overall GF Score™ is 79/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For IPG Photonics (FRA:IPF), the current EBIT is €20.9 Mil 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 €94.50 is trading 26.8% above its estimated GF Value™ of €74.51. GuruFocus considers IPG Photonics to be Modestly Overvalued.

Key valuation signals for FRA:IPF:

  • EBIT: €20.9 Mil
  • GF Value™: €74.51 vs. price of €94.50 (26.8% above fair value)
  • GF Score™: 79/100 with 5 warning signs

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 Business Description

Address 377 Simarano Drive, Marlborough, MA, USA, 01752
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

Get the complete analysis for FRA:IPF

EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€94.50
Price
€74.51
GF Value