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PhotronicsPLAB +3.28%91 Intrinsic Value: Projected FCF is $41.74 as of Aug. 27, 2026. GuruFocus rates PLAB with a GF Score™ of 91/100 and a GF Value™ of $25.38 (Modestly Overvalued). The stock has 1 warning sign investors should review. Among 597 Semiconductors companies, Photronics ranks better than 89.45% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-27), Photronics's Intrinsic Value: Projected FCF is $41.74. The stock price of Photronics is $30.25. Therefore, Photronics's Price-to-Intrinsic-Value-Projected-FCF of today is 0.7.
The historical rank and industry rank for Photronics's Intrinsic Value: Projected FCF or its related term are showing as below:
PLAB'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.48 Med: 0.83 Max: 1.21
Current: 0.72
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Photronics was 1.21. The lowest was 0.48. And the median was 0.83.
PLAB's Price-to-Projected-FCF is ranked better than 89.45% of 597
companies
in the Semiconductors industry
Industry Median: 2.67
vs PLAB: 0.72
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Photronics's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
30.25
/
41.744686017902
=
0.72
* 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.
Photronics Intrinsic Value: Projected FCF Related Terms
Photronics Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Photronics's Intrinsic Value: Projected 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.
PLAB vs COHU, AEHR, DQ: Intrinsic Value: Projected FCF Comparison
For the Semiconductor Equipment & Materials subindustry, Photronics's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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.
Photronics Price-to-Projected-FCF vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Photronics's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Photronics's Price-to-Projected-FCF falls into.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $41.74 mean?
Photronics (PLAB) has a Intrinsic Value: Projected FCF of $41.74 as of Aug. 27, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Photronics and its competitors. According to the industry distribution chart, Photronics ranks #63 out of 597 companies in the Semiconductors industry, placing it in the top 10.6%.
Is Photronics' Intrinsic Value: Projected FCF too high?
Photronics' current Intrinsic Value: Projected FCF is $41.74. The Semiconductors industry median Intrinsic Value: Projected FCF is 2.67. Photronics' value of $41.74 is 1463.3% above this industry median. Based on the distribution chart, Photronics ranks #63 out of 597 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Photronics has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Photronics' Intrinsic Value: Projected FCF compare to COHU and AEHR?
According to the Semiconductors industry distribution chart, Photronics ranks #63 out of 597 companies for Intrinsic Value: Projected FCF. This places Photronics in the top 11% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 2.67. Photronics' value of $41.74 is 1463.3% 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 Intrinsic Value: Projected FCF for a Semiconductors company?
The median Intrinsic Value: Projected FCF among Semiconductors companies is 2.67, based on 597 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Photronics's current Intrinsic Value: Projected FCF of $41.74 is 1463.3% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Photronics and its competitors. For the Semiconductors industry, the median Intrinsic Value: Projected FCF is 2.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photronics's current Intrinsic Value: Projected FCF is $41.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Photronics stock overvalued right now?
Based on GuruFocus' analysis, Photronics (PLAB) is currently considered Modestly Overvalued. The stock's GF Value™ is $25.38, compared to a current price of $30.25 — trading 19.2% above its estimated fair value. The current Intrinsic Value: Projected FCF is $41.74 and 1463.3% above the Semiconductors industry median of 2.67. Photronics' overall GF Score™ is 91/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Photronics (PLAB), the current Intrinsic Value: Projected FCF is $41.74 as of Aug. 27, 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 Photronics (PLAB) Overvalued in 2026?
Based on GuruFocus' analysis, Photronics stock appears to be overvalued.
The current stock price of $30.25 is trading 19.2% above its estimated GF Value™ of $25.38.
GuruFocus considers Photronics to be Modestly Overvalued.
Key valuation signals for PLAB:
Intrinsic Value: Projected FCF: $41.74
GF Value™: $25.38 vs. price of $30.25 (19.2% above fair value)
Industry Position: 1463.3% above the Semiconductors median (#63 of 597)
No single metric tells the full story. See the PLAB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Photronics Inc is a U.S.-based company principally engaged in the manufacturing of photomasks, which are high-precision photographic quartz or glass plates containing microscopic images of electronic circuits. Photomasks are a key element in the manufacture of integrated circuits (ICs) and flat-panel displays (FPDs) and are used as masters to transfer circuit patterns onto semiconductor wafers and FPD substrates during fabrication, as well as to a lesser extent, other types of electrical and optical components. The Company has manufacturing facilities in Taiwan, China, South Korea, the United States, and Europe, and generates revenue globally, with Taiwan contributing the majority of total revenue.
91GF Score
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Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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