COHR

Coherent, Inc.

Technology · $52.1B market cap

Verdict

Share price

$337.04

close of Oct 3, 2026

Fair value

$80.05

Sticker Price

Payback Price

$32.02

buy price

Overpriced

COHR is Overpriced: at $337.04 it trades 321% above its fair value of $80.05. Its buy price (Payback Price) is $32.02, 90% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth11.5% a year✓
Equity per share growth15.0% a year✓
Sales growth23.3% a year✓
Free cash flow growth12.7% a year✓
Return on invested capital2.5%✗

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Superinvestors

3 of the investors we track hold COHR. In Q2 2026, 2 trimmed. Who we track

Insider activity

Since Mar 6, 2026: no open-market purchases, 9 sales worth $7.8M and 18 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

About Coherent, Inc.

Coherent, Inc. specializes in advanced laser technologies, offering a comprehensive suite of products that includes lasers, laser-based solutions, and complete systems. These are deployed across a spectrum of uses, from commercial and industrial operations to critical scientific research. The company's operations are distinctly segmented into two primary areas: laser sources for Original Equipment Manufacturers…

Hardware, Equipment & Parts

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works