Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
nLightLASR -4.08%63 EV-to-OCF is 117.70 as of Jul. 25, 2026, which is 420% above its 10-year median of 22.63. GuruFocus rates LASR with a GF Score™ of 63/100 and a GF Value™ of $14.92 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,029 Semiconductors companies, nLight ranks worse than 90.57% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, nLight's Enterprise Value is $3,652.7 Mil.
nLight's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $31.0 Mil. Therefore, nLight's EV-to-OCF for today is 117.70.
The historical rank and industry rank for nLight's EV-to-OCF or its related term are showing as below:
LASR'
s EV-to-OCF Range Over the Past 10 Years
Min: -25157.42 Med: 22.63 Max: 1088
Current: 117.7
During the past 10 years, the highest EV-to-OCF of nLight was 1088.00. The lowest was -25157.42. And the median was 22.63.
LASR's EV-to-OCF is ranked worse than 90.57% of 1029
companies
in the Semiconductors industry
Industry Median: 14.46
vs LASR: 117.70
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-07-25), nLight's stock price is $70.02.
nLight's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.300. Therefore, nLight's PE Ratio (TTM) for today is At Loss.
nLight (NAS:LASR) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
nLight's share price for today is $70.02.
nLight's Earnings per Share (Diluted) 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 $-0.300.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
nLight EV-to-OCF Related Terms
nLight EV-to-OCF Historical Data
* Premium members only.
The historical data trend for nLight's EV-to-OCF 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.
For the Semiconductors subindustry, nLight's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
nLight EV-to-OCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, nLight's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where nLight's EV-to-OCF falls into.
nLight's current Enterprise Value is $3,652.7 Mil.
nLight's Cash Flow from Operations 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 $31.0 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.
nLight (LASR) has a EV-to-OCF of 117.70 as of Jul. 25, 2026. This is 420% above median its historical median of 22.63. According to the industry distribution chart, nLight ranks #932 out of 1029 companies in the Semiconductors industry, placing it in the top 90.6%.
Is nLight's EV-to-OCF too high?
nLight's current EV-to-OCF of 117.70 is 420% above median its 10-year median of 22.63. The Semiconductors industry median EV-to-OCF is 14.46. nLight's value of 117.70 is 714% above this industry median. Based on the distribution chart, nLight ranks #932 out of 1029 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, nLight has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does nLight's EV-to-OCF compare to PI and NVTS?
According to the Semiconductors industry distribution chart, nLight ranks #932 out of 1029 companies for EV-to-OCF. This places nLight in the lower half of its industry. The industry median EV-to-OCF is 14.46. nLight's value of 117.70 is 714% above this benchmark. While the company's 10-year median is 22.63 vs. the industry median of 14.46, nLight 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 EV-to-OCF for a Semiconductors company?
The median EV-to-OCF among Semiconductors companies is 14.46, based on 1,029 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. nLight's current EV-to-OCF of 117.70 is 714% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Semiconductors industry, the median EV-to-OCF is 14.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. nLight's current EV-to-OCF is 117.70, which is 420% above median its own 10-year median of 22.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is nLight stock overvalued right now?
Based on GuruFocus' analysis, nLight (LASR) is currently considered Significantly Overvalued. The stock's GF Value™ is $14.92, compared to a current price of $70.02 — trading 369.3% above its estimated fair value. The current EV-to-OCF is 117.70, which is 420% above median its 10-year median of 22.63 and 714% above the Semiconductors industry median of 14.46. nLight's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For nLight (LASR), the current EV-to-OCF is 117.70 as of Jul. 25, 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 nLight (LASR) Overvalued in 2026?
Based on GuruFocus' analysis, nLight stock appears to be overvalued.
The current stock price of $70.02 is trading 369.3% above its estimated GF Value™ of $14.92.
GuruFocus considers nLight to be Significantly Overvalued.
Key valuation signals for LASR:
EV-to-OCF: 117.70 (420% above median its 10-year median of 22.63)
GF Value™: $14.92 vs. price of $70.02 (369.3% above fair value)
Industry Position: 714% above the Semiconductors median (#932 of 1029)
No single metric tells the full story. See the LASR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
nLight Inc is a United States-based company provider of power semiconductor and fiber lasers for aerospace and defense, industrial, and microfabrication applications. It designs, manufactures, and sells a range of power semiconductor lasers and fiber lasers that are typically integrated into laser systems. It operates in two segments: Laser Products segment, which includes semiconductor lasers, fiber lasers, and directed energy products; and Advanced Development segment includes revenue earned from research and development contracts. The majority of its revenue is generated from the Laser segment. The company's geographical segments include North America, Asia Pacific, and EMEA, of which maximum revenue is derived from North America.
63GF Score
Get the complete analysis for LASR
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LASR has been successfully added to your 
