IPG Photonics is trading with a PEG ratio of 1, based on Aug 21, 2026 data. Dividing the 112.71 PE ratio by the 113.1% earnings growth rate yields this valuation metric. Relative to the 1.28 average from the past 4 quarters, the PEG ratio is down by 22%.
Historically, IPG Photonics maintains a PEG ratio averaging 1.68 across the past ten years. At 1.0, today's PEG ratio sits 40% 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 |
|---|---|---|---|
| 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% |
| Dec 2022 | N/A | 43.63 | -58.3% |
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, IPGP stands above the Technology sector and the industry average. In comparison with its Technology sector average of 0.65, IPG Photonics's PEG is 54% higher.
Among its peers, IPGP has a PEG ratio below stock NOC, while higher than COHR's and CIEN's.
IPGP's Aug 21, 2026 PEG ratio comes in at 1.
Historical data over a 3-year period places IPGP's average PEG ratio at 0.92.
Historical data over a 5-year period places IPGP's average PEG ratio at 1.04.
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 40% lower.
Computing the PEG ratio involves dividing the PE ratio by the company's EPS growth rate (YoY TTM). As of Aug 21, 2026, IPG Photonics carries a P/E ratio of 112.71. Earnings grew at 113.1% over the TTM period ending Jun 2026. Applying the formula, this yields a price to earnings growth ratio of 1. PEG RATIO(1) = PE RATIO(112.71) / EPS GROWTH(113.1%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.