Coherent, Inc. (COHR) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2026
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COHR Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Coherent, Inc. (COHR) trades at a price-to-earnings ratio of -613.8x, with a stock price of $319.19 and trailing twelve-month earnings per share of $1232.67.
The current P/E is 1425% below its 5-year average of 46.3x. Over the past five years, COHR's P/E has ranged from a low of 0.2x to a high of 182.7x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Technology sector median P/E of 27.7x, COHR trades at a 2318% discount to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 184.2x.
Relative to the broader market, COHR trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our COHR DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
COHR P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $64B | 2412.9 | - | +105% | |
| $12B | 340.3 | 74.57 | +225%Best | |
| $4B | 139.2 | - | +118% | |
| $20B | 68.8 | - | +56% | |
| $76B | 633.2 | - | +47% | |
| $4B | 43.2 | 1.22 | -10% | |
| $365B | 36.1Lowest | - | +0% | |
| $178B | 51.5 | 1.27 | +23% | |
| $5.1T | 43.2 | 0.45Best | +67% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
COHR Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | $238.21 | $1232.00 | 0.2x | -99% | |
| FY2026 Q2 | Wed Dec 31 2025 00:00:00 GM | $184.57 | $1.01 | 182.7x | +591% |
| FY2026 Q1 | $107.72 | $0.69 | 156.1x | +490% | |
| FY2023 Q1 | Fri Sep 30 2022 00:00:00 GM | $34.85 | $0.39 | 90.4x | +242% |
| FY2022 Q4 | $50.95 | $1.45 | 35.3x | +33% | |
| FY2022 Q3 | $72.49 | $1.81 | 40.0x | +51% | |
| FY2022 Q2 | Fri Dec 31 2021 00:00:00 GM | $68.33 | $2.19 | 31.2x | +18% |
| FY2022 Q1 | $59.36 | $2.48 | 23.9x | -10% | |
| FY2021 Q4 | Wed Jun 30 2021 00:00:00 GM | $72.59 | $2.36 | 30.8x | +16% |
| FY2021 Q3 | Wed Mar 31 2021 00:00:00 GM | $68.37 | $2.30 | 29.7x | +12% |
| FY2021 Q2 | $75.96 | $1.70 | 44.7x | +69% | |
| FY2020 Q1 | Mon Sep 30 2019 00:00:00 GM | $35.21 | $0.86 | 40.9x | +55% |
Average P/E for displayed period: 26.5x
Full COHR Stock Analysis
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Start ComparisonCOHR — Frequently Asked Questions
Quick answers to the most common questions about buying COHR stock.
Is COHR stock overvalued or undervalued?
COHR trades at -613.8x P/E, below its 5-year average of 46.3x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does COHR's valuation compare to peers?
Coherent, Inc. P/E of -613.8x compares to sector median of 27.7x. The discount suggests lower growth expectations or higher risk.
What is COHR's PEG ratio?
COHR PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2026.