Coherent (HAM:H7B) EBIT: €608 Mil (TTM As of Mar. 2026)


HAM:H7B Coherent Corp HAM:H7B
80 GF Score
Price €339.10
GF Value €74.28
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Coherent EBIT?

Coherent HAM:H7B -5.83% 80 EBIT is €608 Mil as of Mar. 2026. GuruFocus rates HAM:H7B with a GF Score™ of 80/100 and a GF Value™ of €74.28 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Coherent's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was €198 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was €608 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Coherent's annualized ROC % for the quarter that ended in Mar. 2026 was 6.97%. Coherent's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 22.60%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Coherent's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 0.91%.


Coherent  (HAM:H7B) EBIT Explanation

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

Coherent'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 )
=783.072 * ( 1 - 1.45% )/( (10816.304 + 11325.931)/ 2 )
=771.717456/11071.1175
=6.97 %

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))
=12884.91 - 1330.973 - ( 737.633 - max(0, 1666.229 - 3751.952+737.633))
=10816.304

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))
=14952.996 - 1535.729 - ( 2091.336 - max(0, 1828.129 - 5575.101+2091.336))
=11325.931

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

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

Coherent'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 )
=792.012/( ( (1807.881 + max(1438.1, 0)) + (2093.37 + max(1669.442, 0)) )/ 2 )
=792.012/( ( 3245.981 + 3762.812 )/ 2 )
=792.012/3504.3965
=22.60 %

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)
=(900.638 + 1578.113 + 497.919) - (1330.973 + 0 + 207.597)
=1438.1

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1027.499 + 1839.702 + 577.211) - (1535.729 + 0 + 239.241)
=1669.442

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:

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

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=608.254/66711.551
=0.91 %

* 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.


Coherent EBIT Related Terms


Coherent EBIT Historical Data

* Premium members only.

The historical data trend for Coherent'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.

Coherent EBIT Chart

Coherent Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 342.37 381.30 -63.40 130.83 292.55

Coherent 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 62.14 -7.26 234.82 182.69 198.00

HAM:H7B vs KEYS, GRMN, TDY: EBIT Comparison

For the Scientific & Technical Instruments subindustry, Coherent'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.


Coherent EV-to-EBIT vs Hardware Industry

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

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


HAM:H7B
80GF Score
Coherent Corp HAM:H7B
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Coherent 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 €608 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 €608 Mil mean?
Coherent (HAM:H7B) has a EBIT of €608 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Coherent.
Is Coherent's EBIT too high?
Coherent's current EBIT is €608 Mil. Overall, Coherent has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coherent's EBIT compare to KEYS and GRMN?
Coherent's EBIT of €608 Mil can be compared against companies in the Hardware 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 Hardware company?
A good EBIT depends on the Hardware 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 Coherent. Coherent's current EBIT is €608 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coherent stock overvalued right now?
Based on GuruFocus' analysis, Coherent (HAM:H7B) is currently considered Significantly Overvalued. The stock's GF Value™ is €74.28, compared to a current price of €339.10 — trading 356.5% above its estimated fair value. The current EBIT is €608 Mil. Coherent's overall GF Score™ is 80/100 with 8 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 Coherent (HAM:H7B), the current EBIT is €608 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 Coherent (HAM:H7B) Overvalued in 2026?

Based on GuruFocus' analysis, Coherent stock appears to be overvalued. The current stock price of €339.10 is trading 356.5% above its estimated GF Value™ of €74.28. GuruFocus considers Coherent to be Significantly Overvalued.

Key valuation signals for HAM:H7B:

  • EBIT: €608 Mil
  • GF Value™: €74.28 vs. price of €339.10 (356.5% above fair value)
  • GF Score™: 80/100 with 8 warning signs

No single metric tells the full story. See the HAM:H7B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coherent Business Description

Address 375 Saxonburg Boulevard, Saxonburg, PA, USA, 16056
Coherent Corp is a vertically integrated manufacturing company that develops, manufactures, and markets lasers, transceivers, and other optical and optoelectronic devices, modules, and systems, as well as engineered materials, for use in the communications, industrial, instrumentation, and electronics markets. Its reporting segments are Datacenter Communications and Industrial. Its geographic areas are North America, Europe, China, Japan, and the rest of the world.
80GF Score

Get the complete analysis for HAM:H7B

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

€339.10
Price
€74.28
GF Value