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IPG PhotonicsFRA:IPF +1.23%84 Net Cash per Share is €11.71 as of Jun. 2026, which is 100% below its 10-year median of 8.54. GuruFocus rates FRA:IPF with a GF Score™ of 84/100 and a GF Value™ of €73.02 (Fairly Valued). The stock has 5 warning signs investors should review. Among 362 Semiconductors companies, IPG Photonics ranks better than 74.59% on this metric.
IPG Photonics (FRA:IPF) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
IPG Photonics Net Cash per Share Related Terms
IPG Photonics Net Cash per Share Historical Data
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The historical data trend for IPG Photonics's Net Cash per Share 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.
FRA:IPF vs ACLS, UCTT, VECO: Net Cash per Share Comparison
For the Semiconductor Equipment & Materials subindustry, IPG Photonics's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Semiconductors Industry
For the Semiconductors industry and Technology sector, IPG Photonics's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where IPG Photonics's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
IPG Photonics's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (FRA:IPF) has a Net Cash per Share of €11.71 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on IPG Photonics and its competitors. This is 37% above median its historical median of 8.54. Over the past decade, IPG Photonics' Net Cash per Share has ranged from 4.03 to 15.45. According to the industry distribution chart, IPG Photonics ranks #92 out of 362 companies in the Semiconductors industry, placing it in the top 25.4%.
Is IPG Photonics' Net Cash per Share too high?
IPG Photonics' current Net Cash per Share of €11.71 is 37% above median its 10-year median of 8.54. Over the past 10 years, this metric has ranged from a low of 4.03 to a high of 15.45. Based on the distribution chart, IPG Photonics ranks #92 out of 362 companies in the Semiconductors industry, which is above the industry midpoint. Overall, IPG Photonics has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does IPG Photonics' Net Cash per Share compare to ACLS and UCTT?
According to the Semiconductors industry distribution chart, IPG Photonics ranks #92 out of 362 companies for Net Cash per Share. This puts IPG Photonics in the upper half of its industry. The industry median Net Cash per Share is 15.17. Historically, IPG Photonics' own Net Cash per Share has ranged from 4.03 to 15.45 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Semiconductors company?
The median Net Cash per Share among Semiconductors companies is 15.17, based on 362 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on IPG Photonics and its competitors. For the Semiconductors industry, the median Net Cash per Share is 15.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPG Photonics's current Net Cash per Share is €11.71, which is 37% above median its own 10-year median of 8.54. 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 Fairly Valued. The stock's GF Value™ is €73.02, compared to a current price of €73.82 — trading 1.1% above its estimated fair value. The current Net Cash per Share is €11.71, which is 37% above median its 10-year median of 8.54. IPG Photonics' overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For IPG Photonics (FRA:IPF), the current Net Cash per Share is €11.71 as of Jun. 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 €73.82 is trading 1.1% above its estimated GF Value™ of €73.02.
GuruFocus considers IPG Photonics to be Fairly Valued.
Key valuation signals for FRA:IPF:
Net Cash per Share: €11.71 (37% above median its 10-year median of 8.54)
GF Value™: €73.02 vs. price of €73.82 (1.1% above fair value)
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 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.
84GF Score
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