Question 1

What is Coherent's P/FCF ratio?

Accepted Answer

Coherent (COHR) P/FCF ratio is 483.0× as of February 3, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Coherent?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Coherent specifically, the relevant sector benchmark is the current sector median of 21.8×.

Question 5

Is Coherent's P/FCF ratio high or low?

Accepted Answer

Coherent's P/FCF ratio of 483.0× is above its own 5-year average of 75.2× and above the sector median of 21.8×. That places the current reading at the 100th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Coherent's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Coherent (COHR) P/FCF ratio has ranged from a low of 8.9× in 2015 to a high of 877.6× in 2019. The 5-year average is 75.2× and the 5-year median is 43.8×.

Question 7

What was Coherent's P/FCF ratio in 2025?

Accepted Answer

Coherent (COHR) P/FCF ratio at the end of 2025 was 72.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Coherent's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$13.9B	$193M	72.0×	+16.2×	Jun 30, 2025
2024	$11.1B	$199M	55.8×	+19.9×	Jun 30, 2024
2023	$7.1B	$198M	35.9×	-24.3×	Jun 30, 2023
2022	$5.96B	$99M	60.2×	+41.4×	Jun 30, 2022
2021	$8.06B	$428M	18.8×	-8.8×	Jun 30, 2021
2020	$4.32B	$157M	27.6×	-30.1×	Jun 30, 2020
2019	$2.38B	$41.4M	57.6×	-300.8×	Jun 30, 2019
2018	$2.72B	$7.58M	358.5×	—	Jun 30, 2018
2017	$2.16B	-$19.9M	—	—	Jun 30, 2017
2016	$1.17B	$64.8M	18.1×	+2.6×	Jun 30, 2016
2015	$1.19B	$77.1M	15.5×	+2.0×	Jun 30, 2015
2014	$892M	$66.2M	13.5×	+0.8×	Jun 30, 2014
2013	$1.04B	$82.4M	12.7×	-10.5×	Jun 30, 2013
2012	$1.05B	$45.2M	23.2×	-26.0×	Jun 30, 2012
2011	$1.61B	$32.6M	49.2×	+33.5×	Jun 30, 2011
2010	$916M	$58.6M	15.6×	-4.1×	Jun 30, 2010
2009	$657M	$33.4M	19.7×	-17.6×	Jun 30, 2009
2008	$1.05B	$28.1M	37.3×	+5.5×	Jun 30, 2008
2007	$793M	$25M	31.7×	+10.8×	Jun 30, 2007
2006	$528M	$25.2M	21.0×	-540.6×	Jun 30, 2006
2005	$537M	$956K	561.6×	+536.2×	Jun 30, 2005
2004	$446M	$17.6M	25.4×	+8.1×	Jun 30, 2004
2003	$322M	$18.6M	17.3×	-9.1×	Jun 30, 2003
2002	$197M	$7.48M	26.4×	—	Jun 30, 2002


Zebra Technologies (ZBRA)	12.2×
Skyworks Solutions (SWKS)	11.9×
Cognizant (CTSH)	11.8×
NetApp (NTAP)	11.5×
Duolingo (DUOL)	11.1×
Block (XYZ)	11.0×
QUALCOMM (QCOM)	10.8×
Leidos Holdings (LDOS)	10.8×
Workday (WDAY)	10.5×
Salesforce (CRM)	10.5×
Qorvo (QRVO)	10.4×
Adobe (ADBE)	9.8×
Accenture (ACN)	9.6×
Strategy (MSTR)	9.2×
Gartner (IT)	8.8×
Fidelity National Information Services (FIS)	8.7×
DocuSign (DOCU)	8.0×
Gen Digital (GEN)	7.5×
Fiserv (FISV)	7.2×
Science Applications International (SAIC)	7.0×
Hewlett Packard Enterprise (HPE)	6.8×
GoDaddy (GDDY)	6.7×
HP (HPQ)	5.1×
Lyft (LYFT)	4.5×
IBM (IBM)	0.0×

P/FCF Ratio for Coherent (COHR) 2002-2026

P/FCF Ratio daily chart for Coherent (COHR)

Historical P/FCF Ratio for Coherent (COHR) from 2002 to 2025

About P/FCF Ratio at Coherent (COHR)

Coherent P/FCF Ratio by Year

Coherent P/FCF Ratio 2025: 72.0×

Coherent P/FCF Ratio 2024: 55.8×

Coherent P/FCF Ratio 2023: 35.9×

Coherent P/FCF Ratio 2022: 60.2×

Coherent P/FCF Ratio 2021: 18.8×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Coherent (COHR) Key Financials