Stock fact sheet · data as of
Camtek Ltd. (CAMT): fair value, margin of safety and Wheel Score
Ticker symbol CAMT · Technology · Semiconductors · Israel · Speculative
Is CAMT undervalued?
At 101.46 (close of 5 Nov 2026), CAMT trades 224% over the GLS average fair value of 31.30, with 0 of 8 models above the price. The stock earns none of the Wheel Score's Value points at this price. That is a statement about price against trailing fundamentals, not about the company's prospects - the Wall Street View and the Growth tab on the Quote page carry the forward numbers.
There is a wide gap between EPV (8.26) and 10 Cap (60.13). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files CAMT under Speculative - it is losing money or its Piotroski health score is 3 or lower - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for CAMT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 31.14 | -69% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 15.31 | -85% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 40.53 | -60% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 17.56 | -83% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 20.33 | -80% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 60.13 | -41% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 57.11 | -44% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 8.26 | -92% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 5.45 | -95% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 170.71 | +68% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Camtek Ltd. scores only 3 of 9 on the Piotroski F-score, which fails the "Piotroski 6 or more" Wheel Trade Filter. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. On durability CAMT scores 6.0/10 on the GLS Moat - a middle reading; the Moat Score tab on the Quote page's Financials view shows which of the four parts hold it back.
Returns on capital are thin or negative - ROIC 4.5%, ROE 8.2%, ROA 4.0% - with debt at 0.84 times equity and negative free cash flow.
Camtek Ltd. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Sales of products 94%, Service fees 6% (fiscal year FY2025).
Institutional ownership scores 5/10, insider activity 1/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 3 / 9 | ROIC | 4.5% |
|---|---|---|---|
| GLS Moat | 6.0 / 10 | ROE | 8.2% |
| Debt / equity | 0.84 | ROA | 4.0% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 1 · 5 / 10 |
Wheel Score 30: Weak
With a Wheel Score of 30 Camtek Ltd. sits in the Weak band. It fails filter 2, a real business, not a gamble - speculative (a loss, or a weak Piotroski score); and filter 3, below fair value - trades 224% above our fair value; and filter 4, financially healthy - Piotroski 3/9 (under 6); and filter 5, can repay its debt - 3.7 years to repay its debt (over 3); Value (weak) is its weakest part.
Implied volatility is 72% on the near-the-money contracts 20-60 days out - above the 60% top of the sweet spot. It still passes the 25-80% filter, but the Wheel Score rewards it less because volatility this high usually comes with a reason. Chain open interest is 29,764 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 1.0M shares a day on a market cap of $4.7B, with a beta of 1.59 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Fails | speculative (a loss, or a weak Piotroski score) |
| 3 | Below fair value | Fails | trades 224% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 3/9 (under 6) |
| 5 | Can repay its debt | Fails | 3.7 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 224% above fair value | |
| Premium | Good | implied volatility 72% | |
| Moat | Good | moat 6.0/10 | |
| Health | Weak | Piotroski 3/9 | |
| Red Flags | Weak | Red Flags score 67/100 | |
| Option trading | Good | 2,640 contracts a day, 29,764 open interest | |
| Stability | Fair | beta 1.59, $4.7B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Camtek Ltd. reports earnings on 17 Nov 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
Analysts downgraded CAMT 1 time in the last 30 days with no upgrades; the latest action was a downgrade by Morgan Stanley on 2 Nov 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Semiconductors
The 12 companies below are the closest to Camtek Ltd. by market cap within the Semiconductors industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| SYNA Synaptics Incorporated | 117.49 | 138.82 | +15% | 23Weak | $4.7B |
| MXL MaxLinear, Inc. | 56.85 | - | - | 20Weak | $5.2B |
| PI Impinj, Inc. | 180.17 | 23.08 | -681% | 33Weak | $5.6B |
| CRUS Cirrus Logic, Inc. | 115.99 | 204.87 | +43% | 79Good | $5.8B |
| ALGM Allegro MicroSystems, Inc. | 31.25 | 7.61 | -310% | 37Weak | $5.8B |
| SIMO Silicon Motion Technology Corporation | 182.54 | 862.57 | +79% | 48Weak | $6.1B |
| DIOD Diodes Incorporated | 79.46 | 48.35 | -64% | 33Weak | $3.7B |
| KLIC Kulicke and Soffa Industries, Inc. | 68.44 | 21.71 | -215% | 33Weak | $3.6B |
| FORM FormFactor, Inc. | 85.24 | 47.06 | -81% | 33Weak | $6.7B |
| AXTI AXT, Inc. | 47.54 | 12.08 | -293% | 23Weak | $3.1B |
| SLAB Silicon Laboratories Inc. | 222.00 | 7.25 | -2962% | 23Weak | $7.4B |
| IPGP IPG Photonics Corporation | 70.11 | 26.55 | -164% | 34Weak | $3.0B |
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Start free See the Sunday ScanQuestions about CAMT
Is CAMT undervalued right now?
No: at 101.46 the stock trades 224% above the GLS average fair value of 31.30 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of CAMT and what does it mean?
CAMT scores 30 out of 100 (Weak) - it fails Wheel Trade Filters 2, 3, 4, 5. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CAMT?
31.30 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Camtek Ltd. report earnings next?
The next earnings report is due on 17 Nov 2026 (before the open), 12 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does CAMT have listed options, and how liquid are they?
Yes. The nightly snapshot found 106 listed contracts with 29,764 open interest across all expiries and implied volatility of 72% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.