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LightPath Technologies Valuation Multiples
Discover revenue and EBITDA valuation multiples for LightPath Technologies and similar public comparables like Hexatronic Group, discoverIE Group, Telsys, Cosonic Intelligent and more.
LightPath Technologies Overview
About LightPath Technologies
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.
Founded
1992
HQ

Employees
350
Website
Financials (LTM)
EV
$754M
LightPath Technologies Financials
LightPath Technologies reported last 12-month revenue of $61M and negative EBITDA of ($107K).
In the same LTM period, LightPath Technologies generated $21M in gross profit, ($107K) in EBITDA losses, and had net loss of ($15M).
Revenue (LTM)
LightPath Technologies P&L
In the most recent fiscal year, LightPath Technologies reported revenue of $38M and EBITDA of ($5M).
LightPath Technologies expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $61M | XXX | $38M | XXX | XXX | XXX |
| Gross Profit | $21M | XXX | $10M | XXX | XXX | XXX |
| Gross Margin | 34% | XXX | 27% | XXX | XXX | XXX |
| EBITDA | ($107K) | XXX | ($5M) | XXX | XXX | XXX |
| EBITDA Margin | (0%) | XXX | (14%) | XXX | XXX | XXX |
| EBIT Margin | (18%) | XXX | (27%) | XXX | XXX | XXX |
| Net Profit | ($15M) | XXX | ($15M) | XXX | XXX | XXX |
| Net Margin | (24%) | XXX | (40%) | XXX | XXX | XXX |
| Net Debt | — | — | $101K | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
LightPath Technologies Stock Performance
LightPath Technologies has current market cap of $817M, and enterprise value of $754M.
Market Cap Evolution
LightPath Technologies' stock price is $14.16.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $754M | $817M | 0.0% | XXX | XXX | XXX | $-0.26 |
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Start Free TrialLightPath Technologies Valuation Multiples
LightPath Technologies trades at 12.4x EV/Revenue multiple, and (7073.6x) EV/EBITDA.
EV / Revenue (LTM)
LightPath Technologies Financial Valuation Multiples
As of April 19, 2026, LightPath Technologies has market cap of $817M and EV of $754M.
Equity research analysts estimate LightPath Technologies' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
LightPath Technologies has a P/E ratio of (56.2x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $817M | XXX | $817M | XXX | XXX | XXX |
| EV (current) | $754M | XXX | $754M | XXX | XXX | XXX |
| EV/Revenue | 12.4x | XXX | 20.0x | XXX | XXX | XXX |
| EV/EBITDA | (7073.6x) | XXX | (141.6x) | XXX | XXX | XXX |
| EV/EBIT | (67.1x) | XXX | (74.2x) | XXX | XXX | XXX |
| EV/Gross Profit | 36.6x | XXX | 74.4x | XXX | XXX | XXX |
| P/E | (56.2x) | XXX | (54.9x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (78.6x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified LightPath Technologies 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.


LightPath Technologies Margins & Growth Rates
LightPath Technologies' revenue in the last 12 month grew by 31%.
LightPath Technologies' revenue per employee in the last FY averaged $0.1M, while opex per employee averaged $0.1M for the same period.
LightPath Technologies' rule of 40 is 50% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
LightPath Technologies' rule of X is 117% (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).
LightPath Technologies Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 31% | XXX | 78% | XXX | XXX | XXX |
| EBITDA Margin | (0%) | XXX | (14%) | XXX | XXX | XXX |
| EBITDA Growth | (6312%) | XXX | (122%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 50% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 117% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 6% | XXX | 8% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 54% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
LightPath Technologies Public Comps
See public comps and valuation multiples for other Electronic Components and Sensors & Monitoring comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| LightPath Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Hexatronic Group | XXX | XXX | XXX | XXX | XXX | XXX |
| discoverIE Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Telsys | XXX | XXX | XXX | XXX | XXX | XXX |
| Cosonic Intelligent | XXX | XXX | XXX | XXX | XXX | XXX |
| Cicor Group | 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.
LightPath Technologies M&A Activity
LightPath Technologies acquired XXX companies to date.
Last acquisition by LightPath Technologies was on XXXXXXXX, XXXXX. LightPath Technologies acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by LightPath Technologies
| 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 TrialLightPath Technologies Investment Activity
LightPath Technologies invested in XXX companies to date.
LightPath Technologies made its latest investment on XXXXXXXX, XXXXX. LightPath Technologies invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by LightPath Technologies
| 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 LightPath Technologies
| When was LightPath Technologies founded? | LightPath Technologies was founded in 1992. |
| Where is LightPath Technologies headquartered? | LightPath Technologies is headquartered in United States. |
| How many employees does LightPath Technologies have? | As of today, LightPath Technologies has over 350 employees. |
| Who is the CEO of LightPath Technologies? | LightPath Technologies' CEO is Shmuel Rubin. |
| Is LightPath Technologies publicly listed? | Yes, LightPath Technologies is a public company listed on Nasdaq. |
| What is the stock symbol of LightPath Technologies? | LightPath Technologies trades under LPTH ticker. |
| When did LightPath Technologies go public? | LightPath Technologies went public in 1996. |
| Who are competitors of LightPath Technologies? | LightPath Technologies main competitors are Hexatronic Group, discoverIE Group, Telsys, Cosonic Intelligent. |
| What is the current market cap of LightPath Technologies? | LightPath Technologies' current market cap is $817M. |
| What is the current revenue of LightPath Technologies? | LightPath Technologies' last 12 months revenue is $61M. |
| What is the current revenue growth of LightPath Technologies? | LightPath Technologies revenue growth (NTM/LTM) is 31%. |
| What is the current EV/Revenue multiple of LightPath Technologies? | Current revenue multiple of LightPath Technologies is 12.4x. |
| Is LightPath Technologies profitable? | No, LightPath Technologies is not profitable. |
| What is the current EBITDA of LightPath Technologies? | LightPath Technologies has negative EBITDA and is not profitable. |
| What is LightPath Technologies' EBITDA margin? | LightPath Technologies' last 12 months EBITDA margin is (0%). |
| What is the current EV/EBITDA multiple of LightPath Technologies? | Current EBITDA multiple of LightPath Technologies is (7073.6x). |
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