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LightPath TechnologiesLPTH -2.90%53 Price-to-Tangible-Book is 16.86 as of Aug. 18, 2026, which is 566% above its 10-year median of 2.53. GuruFocus rates LPTH with a GF Score™ of 53/100 and a GF Value™ of $2.53 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,319 Hardware companies, LightPath Technologies ranks worse than 93.88% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
LightPath Technologies Price-to-Tangible-Book Related Terms
LightPath Technologies Price-to-Tangible-Book Historical Data
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The historical data trend for LightPath Technologies's Price-to-Tangible-Book 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.
LPTH vs KOPN, MEI, LYTS: Price-to-Tangible-Book Comparison
For the Electronic Components subindustry, LightPath Technologies's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
LightPath Technologies Price-to-Tangible-Book vs Hardware Industry
For the Hardware industry and Technology sector, LightPath Technologies's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where LightPath Technologies's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
LightPath Technologies (LPTH) has a Price-to-Tangible-Book of 16.86 as of Aug. 18, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on LightPath Technologies and its competitors. This is 566% above median its historical median of 2.53. Over the past decade, LightPath Technologies' Price-to-Tangible-Book has ranged from 0.93 to 17.48. According to the industry distribution chart, LightPath Technologies ranks #2177 out of 2319 companies in the Hardware industry, placing it in the top 93.9%.
Is LightPath Technologies' Price-to-Tangible-Book too high?
LightPath Technologies' current Price-to-Tangible-Book of 16.86 is 566% above median its 10-year median of 2.53. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 17.48. The Hardware industry median Price-to-Tangible-Book is 2.58. LightPath Technologies' value of 16.86 is 553.5% above this industry median. Based on the distribution chart, LightPath Technologies ranks #2177 out of 2319 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, LightPath Technologies has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does LightPath Technologies' Price-to-Tangible-Book compare to KOPN and MEI?
According to the Hardware industry distribution chart, LightPath Technologies ranks #2177 out of 2319 companies for Price-to-Tangible-Book. This places LightPath Technologies in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.58. LightPath Technologies' value of 16.86 is 553.5% above this benchmark. Historically, LightPath Technologies' own Price-to-Tangible-Book has ranged from 0.93 to 17.48 over the past decade. While the company's 10-year median is 2.53 vs. the industry median of 2.58, LightPath Technologies 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 Price-to-Tangible-Book for a Hardware company?
The median Price-to-Tangible-Book among Hardware companies is 2.58, based on 2,319 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. LightPath Technologies's current Price-to-Tangible-Book of 16.86 is 553.5% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on LightPath Technologies and its competitors. For the Hardware industry, the median Price-to-Tangible-Book is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LightPath Technologies's current Price-to-Tangible-Book is 16.86, which is 566% above median its own 10-year median of 2.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LightPath Technologies stock overvalued right now?
Based on GuruFocus' analysis, LightPath Technologies (LPTH) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.53, compared to a current price of $14.38 — trading 468.4% above its estimated fair value. The current Price-to-Tangible-Book is 16.86, which is 566% above median its 10-year median of 2.53 and 553.5% above the Hardware industry median of 2.58. LightPath Technologies' overall GF Score™ is 53/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For LightPath Technologies (LPTH), the current Price-to-Tangible-Book is 16.86 as of Aug. 18, 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 LightPath Technologies (LPTH) Overvalued in 2026?
Based on GuruFocus' analysis, LightPath Technologies stock appears to be overvalued.
The current stock price of $14.38 is trading 468.4% above its estimated GF Value™ of $2.53.
GuruFocus considers LightPath Technologies to be Significantly Overvalued.
Key valuation signals for LPTH:
Price-to-Tangible-Book: 16.86 (566% above median its 10-year median of 2.53)
GF Value™: $2.53 vs. price of $14.38 (468.4% above fair value)
Industry Position: 553.5% above the Hardware median (#2177 of 2319)
No single metric tells the full story. See the LPTH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
LightPath Technologies Inc manufactures, distributes, and integrates proprietary optical components and assemblies. It develops optical solutions for traditional optics and communications markets. The company's products include precision molded optics and infrared products, serving markets such as distribution, laser, industrial, instrumentation, telecommunications, and defense. Its products are categorized as infrared components, visible components, assemblies and modules, and engineering services. G5 Infrared's revenue mainly comes from infrared components and assemblies.
53GF Score
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