CognexCGNX -0.16%83 EV-to-FCF is 43.33 as of Jul. 09, 2026, which is 5% above its 10-year median of 41.35. GuruFocus rates CGNX with a GF Score™ of 83/100 and a GF Value™ of $51.22 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,328 Hardware companies, Cognex ranks worse than 66.49% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cognex's Enterprise Value is $10,446 Mil.
Cognex's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $241 Mil. Therefore, Cognex's EV-to-FCF for today is 43.33.
The historical rank and industry rank for Cognex's EV-to-FCF or its related term are showing as below:
CGNX'
s EV-to-FCF Range Over the Past 10 Years
Min: 23.46 Med: 41.35 Max: 113.82
Current: 43.33
During the past 13 years, the highest EV-to-FCF of Cognex was 113.82. The lowest was 23.46. And the median was 41.35.
CGNX's EV-to-FCF is ranked worse than 66.49% of 1328
companies
in the Hardware industry
Industry Median: 23.555
vs CGNX: 43.33
EV-to-FCF 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 (2026-07-09), Cognex's stock price is $64.11.
Cognex's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.840. Therefore, Cognex's PE Ratio (TTM) for today is 76.32.
Cognex (NAS:CGNX) EV-to-FCF Explanation
EV-to-FCF 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.
Cognex's share price for today is $64.11.
Cognex'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 $0.840.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Cognex EV-to-FCF Related Terms
Cognex EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Cognex's EV-to-FCF 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 Scientific & Technical Instruments subindustry, Cognex's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Cognex EV-to-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Cognex's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Cognex's EV-to-FCF falls into.
Cognex's current Enterprise Value is $10,446 Mil.
Cognex's Free Cash Flow 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 $241 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.
Cognex (CGNX) has a EV-to-FCF of 43.33 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cognex and its competitors. This is near median its historical median of 41.35. Over the past decade, Cognex's EV-to-FCF has ranged from 23.46 to 113.82. According to the industry distribution chart, Cognex ranks #883 out of 1328 companies in the Hardware industry, placing it in the top 66.5%.
Is Cognex's EV-to-FCF too high?
Cognex's current EV-to-FCF of 43.33 is near median its 10-year median of 41.35. Over the past 10 years, this metric has ranged from a low of 23.46 to a high of 113.82. The Hardware industry median EV-to-FCF is 23.56. Cognex's value of 43.33 is 84% above this industry median. Based on the distribution chart, Cognex ranks #883 out of 1328 companies in the Hardware industry, which is below the industry midpoint. Overall, Cognex has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cognex's EV-to-FCF compare to TRMB and ESE?
According to the Hardware industry distribution chart, Cognex ranks #883 out of 1328 companies for EV-to-FCF. This places Cognex in the lower half of its industry. The industry median EV-to-FCF is 23.56. Cognex's value of 43.33 is 84% above this benchmark. Historically, Cognex's own EV-to-FCF has ranged from 23.46 to 113.82 over the past decade. While the company's 10-year median is 41.35 vs. the industry median of 23.56, Cognex 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-FCF for a Hardware company?
The median EV-to-FCF among Hardware companies is 23.56, based on 1,328 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cognex's current EV-to-FCF of 43.33 is 84% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cognex and its competitors. For the Hardware industry, the median EV-to-FCF is 23.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cognex's current EV-to-FCF is 43.33, which is near median its own 10-year median of 41.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cognex stock overvalued right now?
Based on GuruFocus' analysis, Cognex (CGNX) is currently considered Modestly Overvalued. The stock's GF Value™ is $51.22, compared to a current price of $64.11 — trading 25.2% above its estimated fair value. The current EV-to-FCF is 43.33, which is near median its 10-year median of 41.35 and 84% above the Hardware industry median of 23.56. Cognex's overall GF Score™ is 83/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Cognex (CGNX), the current EV-to-FCF is 43.33 as of Jul. 09, 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 Cognex (CGNX) Overvalued in 2026?
Based on GuruFocus' analysis, Cognex stock appears to be overvalued.
The current stock price of $64.11 is trading 25.2% above its estimated GF Value™ of $51.22.
GuruFocus considers Cognex to be Modestly Overvalued.
Key valuation signals for CGNX:
EV-to-FCF: 43.33 (near median its 10-year median of 41.35)
GF Value™: $51.22 vs. price of $64.11 (25.2% above fair value)
Industry Position: 84% above the Hardware median (#883 of 1328)
No single metric tells the full story. See the CGNX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. Geographically, it operates in United states, Europe, Greater China and others. Cognex generates the maximum proportion of its sales in the United States and Europe.
83GF Score
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