Coherent Corp
Research Coherent Corp (COHR) on Bullrun: valuation model: 9.4% overvalued, market cap USD 37.97B, P/E 39.9. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerCOHR
- ExchangeNYSE
- CountryUnited States
- SectorTechnology
- IndustryScientific & Technical Instruments
- CurrencyUSD
- Valuation signal9.4% overvalued
- Market capUSD 37.97B
- P/E39.9
- Financial periodFY2026
- RevenueUSD 7.12B
- Revenue growth22.5%
- Net incomeUSD 805.00M
- Free cash flow-USD 1.03B
- Gross margin37.5%
Valuation Snapshot
Bullrun's latest valuation model marks Coherent Corp as 9.4% overvalued; latest market cap is USD 37.97B; P/E is 39.9.
Peer valuation comparison
Latest P/E is 39.92x versus a Technology sector median of 23.76x (68.0% above).
Latest P/E is 39.92x versus a United States median of 24.14x (65.4% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2026 | USD 7.12B | USD 805.00M | -USD 1.03B | 37.5% | 4.12 | USD 1.16B | USD 3.54B | USD 10.90B |
| FY2025 | USD 5.81B | USD 49.36M | USD 192.76M | 35.2% | -0.52 | USD 909.20M | USD 3.69B | USD 5.64B |
| FY2024 | USD 4.71B | -USD 156.15M | USD 198.92M | 30.9% | -1.84 | USD 926.03M | USD 4.10B | USD 5.21B |
| FY2023 | USD 5.16B | -USD 259.46M | USD 197.97M | 31.4% | -2.93 | USD 821.31M | USD 4.31B | USD 4.99B |
| FY2022 | USD 3.32B | USD 234.76M | USD 99.00M | 38.2% | 1.45 | USD 2.58B | USD 2.30B | USD 3.62B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-11-06 | USD 37.97B | 39.9 | n/a | n/a |
| 2025 | 2025-12-31 | USD 34.59B | 182.7 | n/a | n/a |
| 2024 | 2024-12-31 | USD 14.68B | n/a | n/a | n/a |
| 2023 | 2023-12-29 | USD 6.59B | n/a | n/a | n/a |
| 2022 | 2022-12-30 | USD 4.87B | 90.0 | n/a | n/a |
| 2021 | 2021-12-31 | USD 7.26B | 31.2 | n/a | n/a |
About Coherent Corp
Coherent Corp. develops, manufactures, and markets lasers, transceivers, other optical and optoelectronic devices, modules, and systems worldwide. Its products include critical components consisting of detectors, passive optics, thermal solutions, and PICS; silicon photonics and other advanced optical technologies; and coherent transmission components, transport products, optical amplifiers, passive optical components, optical line systems, and multi-rail platform.
ETFs that hold Coherent Corp
Coherent Corp is one of the ten largest holdings of one ETF that investors in Europe can buy:
| ETF | Weight | TER |
|---|---|---|
| Defiance Photonics UCITS ETF USD Accumulating | 9.33% | 0.69% |
US-listed ETFs
Coherent Corp is held by 303 US-listed ETFs, going by the latest portfolios they filed with the SEC. The 8 most traded of them:
| ETF | Weight | Fee |
|---|---|---|
| Vanguard S&P 500 ETF (VOO) | 0.12% | 0.03% |
| iShares Core S&P 500 ETF (IVV) | 0.12% | 0.03% |
| Invesco S&P 500 Equal Weight ETF (RSP) | 0.14% | 0.20% |
| State Street Technology Select Sector SPDR ETF (XLK) | 0.43% | 0.08% |
| Vanguard Morningstar Total Stock Market ETF (VTI) | 0.11% | 0.03% |
| State Street SPDR Portfolio S&P 500 ETF (SPYM) | 0.12% | 0.02% |
| Vanguard Information Technology Index Fund ETF Shares (VGT) | 0.27% | 0.09% |
| iShares Russell 1000 Growth ETF (IWF) | 0.04% | 0.18% |
Portfolios as filed with the SEC on Form N-PORT, dated May to July 2026. Brokers in the EU generally do not offer US-listed ETFs to retail investors.
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Frequently asked questions
Is Coherent Corp overvalued or undervalued?
Bullrun's valuation model currently marks Coherent Corp as 9.4% overvalued.
What is Coherent Corp's market cap?
Coherent Corp's market capitalization is USD 37.97B.
What is Coherent Corp's P/E ratio?
Coherent Corp's price-to-earnings (P/E) ratio is 39.9.
What does Coherent Corp do?
Coherent Corp. develops, manufactures, and markets lasers, transceivers, other optical and optoelectronic devices, modules, and systems worldwide. Its products include critical components consisting of detectors, passive optics, thermal solutions, and PICS; silicon photonics and other advanced optical technologies; and coherent transmission components, transport products, optical amplifiers, passive optical components, optical line systems, and multi-rail platform.