PhotronicsFRA:PQ2 -5.25%92 OCF Margin % is 22.40% as of Apr. 2026, which is 10% below its 10-year median of 24.83. GuruFocus rates FRA:PQ2 with a GF Score™ of 92/100 and a GF Value™ of €22.20 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 1,023 Semiconductors companies, Photronics ranks better than 91.01% on this metric.
The historical rank and industry rank for Photronics's OCF Margin % or its related term are showing as below:
FRA:PQ2'
s OCF Margin % Range Over the Past 10 Years
Min: 12.42 Med: 24.83 Max: 33.87
Current: 32.76
During the past 13 years, the highest OCF Margin % of Photronics was 33.87%. The lowest was 12.42%. And the median was 24.83%.
FRA:PQ2's OCF Margin % is ranked better than 91.01% of 1023
companies
in the Semiconductors industry
Industry Median: 9.39
vs FRA:PQ2: 32.76
Photronics OCF Margin % Related Terms
Photronics OCF Margin % Historical Data
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The historical data trend for Photronics's OCF Margin % 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:PQ2 vs COHU, ICHR, DQ: OCF Margin % Comparison
For the Semiconductor Equipment & Materials subindustry, Photronics's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Photronics's OCF Margin % distribution charts can be found below:
* The bar in red indicates where Photronics's OCF Margin % falls into.
* 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 (FRA:PQ2) has a OCF Margin % of 22.40% as of Apr. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Photronics and its competitors. This is 10% below median its historical median of 24.83. Over the past decade, Photronics' OCF Margin % has ranged from 12.42 to 33.87. According to the industry distribution chart, Photronics ranks #92 out of 1023 companies in the Semiconductors industry, placing it in the top 9%.
Is Photronics' OCF Margin % too high?
Photronics' current OCF Margin % of 22.40% is 10% below median its 10-year median of 24.83. Over the past 10 years, this metric has ranged from a low of 12.42 to a high of 33.87. The Semiconductors industry median OCF Margin % is 9.39. Photronics' value of 22.40% is 138.6% above this industry median. Based on the distribution chart, Photronics ranks #92 out of 1023 companies in the Semiconductors industry, which is in the top quartile — a strong position relative to peers. Overall, Photronics has a GF Score™ of 92/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Photronics' OCF Margin % compare to COHU and ICHR?
According to the Semiconductors industry distribution chart, Photronics ranks #92 out of 1023 companies for OCF Margin %. This places Photronics in the top 9% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 9.39. Photronics' value of 22.40% is 138.6% above this benchmark. Historically, Photronics' own OCF Margin % has ranged from 12.42 to 33.87 over the past decade. While the company's 10-year median is 24.83 vs. the industry median of 9.39, Photronics 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 OCF Margin % for a Semiconductors company?
The median OCF Margin % among Semiconductors companies is 9.39, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Photronics's current OCF Margin % of 22.40% is 138.6% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Photronics and its competitors. For the Semiconductors industry, the median OCF Margin % is 9.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Photronics's current OCF Margin % is 22.40%, which is 10% below median its own 10-year median of 24.83. 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 (FRA:PQ2) is currently considered Modestly Overvalued. The stock's GF Value™ is €22.20, compared to a current price of €27.44 — trading 23.6% above its estimated fair value. The current OCF Margin % is 22.40%, which is 10% below median its 10-year median of 24.83 and 138.6% above the Semiconductors industry median of 9.39. Photronics' overall GF Score™ is 92/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Photronics (FRA:PQ2), the current OCF Margin % is 22.40% as of Apr. 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 (FRA:PQ2) Overvalued in 2026?
Based on GuruFocus' analysis, Photronics stock appears to be overvalued.
The current stock price of €27.44 is trading 23.6% above its estimated GF Value™ of €22.20.
GuruFocus considers Photronics to be Modestly Overvalued.
Key valuation signals for FRA:PQ2:
OCF Margin %: 22.40% (10% below median its 10-year median of 24.83)
GF Value™: €22.20 vs. price of €27.44 (23.6% above fair value)
Industry Position: 138.6% above the Semiconductors median (#92 of 1023)
No single metric tells the full story. See the FRA:PQ2 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.
92GF Score
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