IPG Photonics is trading with a PEG ratio of 1.07, based on Nov 11, 2026 data. Dividing the 74.54 PE ratio by the 69.6% earnings growth rate yields this valuation metric. Relative to the 1.27 average from the past 4 quarters, the PEG ratio is down by 15%.
Historically, IPG Photonics maintains a PEG ratio averaging 1.45 across the past ten years. At 1.07, today's PEG ratio sits 26% lower than its historical average. The ten years high occurred in the Sep 2018 quarter at 7.56, reflecting maximum valuation relative to growth. The minimum was hit in the Dec 2023 quarter at 0.21, indicating optimal value relative to growth during that period.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2025 | 0.83 | 98.08 | 117.8% |
| 2024 | N/A | N/A | -188.1% |
| 2023 | 0.21 | 23.39 | 113.8% |
| 2022 | N/A | 43.63 | -58.3% |
| 2021 | 0.45 | 33.04 | 73.7% |
| 2020 | N/A | 74.6 | -11.8% |
| 2019 | N/A | 42.62 | -55% |
| 2018 | 0.93 | 15.01 | 16.2% |
| 2017 | 1.02 | 32.94 | 32.4% |
| 2016 | 3 | 20.1 | 6.7% |
| 2015 | 0.99 | 19.38 | 19.5% |
| 2014 | 0.71 | 19.46 | 27.5% |
| 2013 | 4.94 | 25.7 | 5.2% |
| 2012 | 1.48 | 23.22 | 15.7% |
| 2011 | 0.12 | 13.66 | 113.8% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Sep 2026 | 1.18 | 82.4 | 69.6% |
| Jun 2026 | 1.6 | 180.49 | 113.1% |
| Mar 2026 | 1.45 | 166.07 | 114.8% |
| Dec 2025 | 0.83 | 98.08 | 117.8% |
| Sep 2025 | 1.22 | 141.41 | 116.1% |
| Jun 2025 | N/A | N/A | -263.9% |
| Mar 2025 | N/A | N/A | -219.8% |
| Dec 2024 | N/A | N/A | -188.1% |
| Sep 2024 | N/A | N/A | -276.1% |
| Jun 2024 | 0.88 | 27.94 | 31.9% |
| Mar 2024 | 0.27 | 23.31 | 87.9% |
| Dec 2023 | 0.21 | 23.39 | 113.8% |
| Sep 2023 | N/A | 51.54 | -61.5% |
| Jun 2023 | N/A | 59.31 | -54.7% |
| Mar 2023 | N/A | 59.57 | -60.6% |
IPGP's PEG ratio today is above its 3-year average, yet it comes in under the 5 and 10-year averages.
With a PEG of 1.07, IPGP stands above the Technology sector and the industry average. In comparison with its Technology sector average of 0.56, IPG Photonics's PEG is 91% higher.
Among its peers, IPGP has a PEG ratio below stock NOC, while higher than COHR's and CIEN's.
IPGP's Nov 11, 2026 PEG ratio comes in at 1.07.
Historical data over a 3-year period places IPGP's average PEG ratio at 0.96.
Historical data over a 5-year period places IPGP's average PEG ratio at 1.12.
In the last ten years, IPGP's peak PEG ratio of 7.56 was recorded in the Sep 2018 quarter.
Compared to the 10-year average, IPGP's PEG ratio is 26% lower.
Computing the PEG ratio involves dividing the PE ratio by the company's EPS growth rate (YoY TTM). As of Nov 11, 2026, IPG Photonics carries a P/E ratio of 74.54. Earnings grew at 69.6% over the TTM period ending Sep 2026. Applying the formula, this yields a price to earnings growth ratio of 1.07. PEG RATIO(1.07) = PE RATIO(74.54) / EPS GROWTH(69.6%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.