IPGP

IPG Photonics Corporation

Technology · $3.3B market cap

Verdict

Share price

$84.05

close of Oct 3, 2026

Fair value

$120.59

Sticker Price

Payback Price

$48.24

buy price

Undervalued

IPGP is Undervalued: at $84.05 it trades 30% below its fair value of $120.59. Its buy price (Payback Price) is $48.24, 43% 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 growth14.2% a year✓
Equity per share growth16.1% a year✓
Sales growth13.9% a year✓
Free cash flow growth10.9% a year✓
Return on invested capital-0.7%✗

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Superinvestors

1 of the investors we track holds IPGP. In Q2 2026, 1 trimmed. Who we track

Moves in Q2 2026

Trimmed: First Eagle Investment Management

Insider activity

Since Jun 22, 2026: 2 open-market purchases worth $199K, 36 sales worth $20.4M and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Purchases

Sales

Valentin Gapontsev Trust I

Owns 10%+ · 2026-09-02

Sold

$360K

Valentin Gapontsev Trust I

Owns 10%+ · 2026-09-02

Sold

$347K

Valentin Gapontsev Trust I

Owns 10%+ · 2026-09-01

Sold

$1.4M

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-08-05

Sold

$54K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-08-05

Sold

$423K

Show all 36 sales

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-08-05

Sold

$128K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-08-05

Sold

$1.1M

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-08-04

Sold

$1.2M

SCHERBAKOV EUGENE A

director · 2026-07-31

Sold

$21K

SCHERBAKOV EUGENE A

director · 2026-07-31

Sold

$26K

SCHERBAKOV EUGENE A

director · 2026-07-31

Sold

$17K

SCHERBAKOV EUGENE A

director · 2026-07-31

Sold

$67K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-07-31

Sold

$27K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-07-31

Sold

$17K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-07-31

Sold

$44K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-07-31

Sold

$2.2M

Valentin Gapontsev Trust I

Owns 10%+ · 2026-07-21

Sold

$2.5M

Valentin Gapontsev Trust I

Owns 10%+ · 2026-07-21

Sold

$2.5M

Valentin Gapontsev Trust I

Owns 10%+ · 2026-07-21

Sold

$719K

Valentin Gapontsev Trust I

Owns 10%+ · 2026-07-21

Sold

$100K

SCHERBAKOV EUGENE A

director · 2026-06-29

Sold

$21K

SCHERBAKOV EUGENE A

director · 2026-06-29

Sold

$105

SCHERBAKOV EUGENE A

director · 2026-06-29

Sold

$10K

SCHERBAKOV EUGENE A

director · 2026-06-29

Sold

$25K

SCHERBAKOV EUGENE A

director · 2026-06-29

Sold

$98K

Lopresti Angelo P

SVP, Secretary & Gen Counsel · 2026-06-29

Sold

$110K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-06-29

Sold

$1.2M

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-06-29

Sold

$283K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-06-29

Sold

$1.7M

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-06-29

Sold

$1.4M

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-06-29

Sold

$1.8M

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-06-29

Sold

$243K

IP FIBRE DEVICES LTD

Owns 10%+ · 2026-06-29

Sold

$184K

Agnes Tang

director · 2026-06-22

Sold

$24K

Agnes Tang

director · 2026-06-22

Sold

$63K

Agnes Tang

director · 2026-06-22

Sold

$91K

Other filings

About IPG Photonics Corporation

Established in 1990 and headquartered in Oxford, Massachusetts, IPG Photonics Corporation is a leading global developer and manufacturer of high-performance fiber, diode, and hybrid fiber-solid state lasers, along with fiber amplifiers. These advanced laser systems are primarily utilized across a wide range of materials processing applications worldwide. The company's extensive product portfolio encompasses a…

Semiconductors

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