IPG Photonics price to free cash flow IPGP

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 145×
10-year median: 38.6×
Against its 10-year history: 97th; percentile: 0 is its lowest day, 100 its highest
10-year range: 14.1× to 185×
Peer median: 28.8×

IPG Photonics' price to free cash flow is 145× as of Oct 23, 2026.

That is above its ten-year median of 38.6×, higher than on 97% of days in the last ten years.

Over that time it ranged from 14.1× in Sep 2024 to 185× in Aug 2026.

The median for 10 semiconductor stocks of a similar size is 28.8×.

Price to free cash flow over time

median 38.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	145×	87.0×	185×
2025	87.4×	14.8×	102×
2024	17.7×	14.1×	40.0×
2023	42.2×	35.3×	59.1×
2022	32.5×	18.8×	34.5×
2021	33.9×	31.1×	64.7×
2020	49.3×	28.7×	49.3×
2019	44.4×	26.9×	57.2×
2018	26.9×	23.6×	52.3×
2017	42.5×	37.3×	55.6×
2016	38.7×	21.8×	39.0×
2015	25.6×	24.5×	57.4×
2014	45.1×	29.3×	80.1×
2013	71.7×	28.1×	73.0×
2012	42.7×	36.4×	62.1×

Against its peers

Companies in Semiconductors nearest IPG Photonics' size, closest first, today.

Company	Price to free cash flow
IPGPIPG Photonics	145×
OSISOSI Systems	12.8×
PENGPenguin Solutions	n/m
ACLSAxcelis Technologies	50.2×
POWIPower Integrations	33.2×
ACMRACM Research	n/m
VECOVeeco Instruments	30.2×
DIODDiodes	26.2×
KLICKulicke & Soffa Industries	96.5×
ENPHEnphase Energy	27.4×
PLABPhotronics	15.0×
Peer median	28.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on IPG Photonics

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.