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IPG Photonics Valuation Multiples
Discover revenue and EBITDA valuation multiples for IPG Photonics and similar public comparables like Goke Microelectronics, WPG Holdings, Vontier, Kingsemi and more.
IPG Photonics Overview
About IPG Photonics
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.
Founded
1998
HQ

Employees
4.8K
Website
Financials (LTM)
EV
$4B
IPG Photonics Financials
IPG Photonics reported last 12-month revenue of $1B and EBITDA of $150M.
In the same LTM period, IPG Photonics generated $401M in gross profit, $150M in EBITDA, and $42M in net income.
Revenue (LTM)
IPG Photonics P&L
In the most recent fiscal year, IPG Photonics reported revenue of $1B and EBITDA of $142M.
IPG Photonics expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $401M | XXX | $381M | XXX | XXX | XXX |
| Gross Margin | 39% | XXX | 38% | XXX | XXX | XXX |
| EBITDA | $150M | XXX | $142M | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBIT Margin | 3% | XXX | 2% | XXX | XXX | XXX |
| Net Profit | $42M | XXX | $31M | XXX | XXX | XXX |
| Net Margin | 4% | XXX | 3% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
IPG Photonics Stock Performance
IPG Photonics has current market cap of $5B, and enterprise value of $4B.
Market Cap Evolution
IPG Photonics' stock price is $125.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $4B | $5B | 3.6% | XXX | XXX | XXX | $0.73 |
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Start Free TrialIPG Photonics Valuation Multiples
IPG Photonics trades at 4.3x EV/Revenue multiple, and 30.0x EV/EBITDA.
EV / Revenue (LTM)
IPG Photonics Financial Valuation Multiples
As of April 18, 2026, IPG Photonics has market cap of $5B and EV of $4B.
Equity research analysts estimate IPG Photonics' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
IPG Photonics has a P/E ratio of 126.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $4B | XXX | $4B | XXX | XXX | XXX |
| EV/Revenue | 4.3x | XXX | 4.5x | XXX | XXX | XXX |
| EV/EBITDA | 30.0x | XXX | 31.5x | XXX | XXX | XXX |
| EV/EBIT | 162.6x | XXX | 194.5x | XXX | XXX | XXX |
| EV/Gross Profit | 11.2x | XXX | 11.8x | XXX | XXX | XXX |
| P/E | 126.7x | XXX | 170.6x | XXX | XXX | XXX |
| EV/FCF | 114.9x | XXX | 152.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified IPG Photonics Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


IPG Photonics Margins & Growth Rates
IPG Photonics' revenue in the last 12 month grew by 9%.
IPG Photonics' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
IPG Photonics' rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
IPG Photonics' rule of X is 40% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
IPG Photonics Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 10% | XXX | XXX | XXX |
| EBITDA Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 17% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 40% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 9% | XXX | 10% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 14% | XXX | 14% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 11% | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 36% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
IPG Photonics Public Comps
See public comps and valuation multiples for other Semiconductors and Industrial Parts comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| IPG Photonics | XXX | XXX | XXX | XXX | XXX | XXX |
| Goke Microelectronics | XXX | XXX | XXX | XXX | XXX | XXX |
| WPG Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Vontier | XXX | XXX | XXX | XXX | XXX | XXX |
| Kingsemi | XXX | XXX | XXX | XXX | XXX | XXX |
| Wuhan Jingce | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
IPG Photonics M&A Activity
IPG Photonics acquired XXX companies to date.
Last acquisition by IPG Photonics was on XXXXXXXX, XXXXX. IPG Photonics acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by IPG Photonics
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIPG Photonics Investment Activity
IPG Photonics invested in XXX companies to date.
IPG Photonics made its latest investment on XXXXXXXX, XXXXX. IPG Photonics invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by IPG Photonics
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout IPG Photonics
| When was IPG Photonics founded? | IPG Photonics was founded in 1998. |
| Where is IPG Photonics headquartered? | IPG Photonics is headquartered in United States. |
| How many employees does IPG Photonics have? | As of today, IPG Photonics has over 4K employees. |
| Who is the CEO of IPG Photonics? | IPG Photonics' CEO is Mark Milton Gitin. |
| Is IPG Photonics publicly listed? | Yes, IPG Photonics is a public company listed on Nasdaq. |
| What is the stock symbol of IPG Photonics? | IPG Photonics trades under IPGP ticker. |
| When did IPG Photonics go public? | IPG Photonics went public in 2006. |
| Who are competitors of IPG Photonics? | IPG Photonics main competitors are Goke Microelectronics, WPG Holdings, Vontier, Kingsemi. |
| What is the current market cap of IPG Photonics? | IPG Photonics' current market cap is $5B. |
| What is the current revenue of IPG Photonics? | IPG Photonics' last 12 months revenue is $1B. |
| What is the current revenue growth of IPG Photonics? | IPG Photonics revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of IPG Photonics? | Current revenue multiple of IPG Photonics is 4.3x. |
| Is IPG Photonics profitable? | Yes, IPG Photonics is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of IPG Photonics? | IPG Photonics' last 12 months EBITDA is $150M. |
| What is IPG Photonics' EBITDA margin? | IPG Photonics' last 12 months EBITDA margin is 14%. |
| What is the current EV/EBITDA multiple of IPG Photonics? | Current EBITDA multiple of IPG Photonics is 30.0x. |
| What is the current FCF of IPG Photonics? | IPG Photonics' last 12 months FCF is $39M. |
| What is IPG Photonics' FCF margin? | IPG Photonics' last 12 months FCF margin is 4%. |
| What is the current EV/FCF multiple of IPG Photonics? | Current FCF multiple of IPG Photonics is 114.9x. |
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