Question 1

What is Coherent's P/B ratio?

Accepted Answer

Coherent (COHR) P/B ratio is 4.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Coherent?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Coherent specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

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

Accepted Answer

Coherent's P/B ratio of 4.5× is above its own 5-year average of 1.6× and below the sector median of 5.6×. That places the current reading at the 93th 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/B ratio range?

Accepted Answer

In the available daily series, Coherent (COHR) P/B ratio has ranged from a low of 0.5× in 2023 to a high of 6.4× in 2026. The 5-year average is 1.6× and the 5-year median is 1.5×.

Question 7

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

Accepted Answer

Coherent (COHR) P/B ratio at the end of 2025 was 1.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$8.13B	1.7×	+0.2×	Jun 30, 2025
2024	$11.1B	$7.57B	1.5×	+0.5×	Jun 30, 2024
2023	$7.1B	$7.23B	1.0×	-0.4×	Jun 30, 2023
2022	$5.96B	$4.38B	1.4×	-0.6×	Jun 30, 2022
2021	$8.06B	$4.13B	2.0×	-0.1×	Jun 30, 2021
2020	$4.32B	$2.08B	2.1×	-0.0×	Jun 30, 2020
2019	$2.38B	$1.13B	2.1×	-0.5×	Jun 30, 2019
2018	$2.72B	$1.02B	2.7×	+0.2×	Jun 30, 2018
2017	$2.16B	$901M	2.4×	+0.9×	Jun 30, 2017
2016	$1.17B	$782M	1.5×	-0.1×	Jun 30, 2016
2015	$1.19B	$729M	1.6×	+0.3×	Jun 30, 2015
2014	$892M	$675M	1.3×	-0.3×	Jun 30, 2014
2013	$1.04B	$636M	1.6×	-0.1×	Jun 30, 2013
2012	$1.05B	$586M	1.8×	-1.3×	Jun 30, 2012
2011	$1.61B	$522M	3.1×	+0.8×	Jun 30, 2011
2010	$916M	$410M	2.2×	+0.2×	Jun 30, 2010
2009	$657M	$322M	2.0×	-1.6×	Jun 30, 2009
2008	$1.05B	$290M	3.6×	-0.0×	Jun 30, 2008
2007	$793M	$219M	3.6×	+0.5×	Jun 30, 2007
2006	$528M	$171M	3.1×	-0.3×	Jun 30, 2006
2005	$537M	$160M	3.3×	-0.0×	Jun 30, 2005
2004	$446M	$132M	3.4×	+0.5×	Jun 30, 2004
2003	$322M	$112M	2.9×	+0.9×	Jun 30, 2003
2002	$197M	$97.7M	2.0×	—	Jun 30, 2002


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

P/B Ratio daily chart for Coherent (COHR)

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

About P/B Ratio at Coherent (COHR)

Coherent P/B Ratio by Year

Coherent P/B Ratio 2025: 1.7×

Coherent P/B Ratio 2024: 1.5×

Coherent P/B Ratio 2023: 1.0×

Coherent P/B Ratio 2022: 1.4×

Coherent P/B Ratio 2021: 2.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Coherent (COHR) Key Financials