Stock fact sheet · data as of
Coherent, Inc. (COHR): fair value, margin of safety and Wheel Score
Ticker symbol COHR · Technology · Hardware, Equipment & Parts · United States · Value
Is COHR undervalued?
At 195.09 (close of 5 Nov 2026), COHR trades 100% below the GLS average fair value of 47,060.13. That average comes from 6 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Coherent, Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 6 models disagree widely: DDM gives 0.8546 while Graham Growth gives 119,453.55. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, COHR is clearly cheaper than it is fast-growing, so the nightly engine files it under Value (value score 99, growth score 66, out of 100).
Nine valuation models for COHR
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 | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 53,720.16 | +27436% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 119,453.55 | +61130% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 52,208.72 | +26661% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 33,773.60 | +17212% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | - | - | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10%; no value tonight |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | 0.8546 | -100% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 23,203.88 | +11794% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -0.6916 | -100% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 374.22 | +92% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: COHR passes 4 of the nine Piotroski tests. Our scans drop the stock at the health filter; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 3.9 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are moderate - ROIC 5.6%, ROE 7.4%, ROA 4.4% - with debt at 0.32 times equity and negative free cash flow.
The dividend yield is 0.03% with a payout ratio of 0% - a small yield that leaves most of the earnings in the business. Revenue comes mainly from Industrial 100% (quarter Q4 FY2026).
Institutional ownership scores 10/10, insider activity 4/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded Congressional buy was on 25 Sep 2026.
| Piotroski F-score | 4 / 9 | ROIC | 5.6% |
|---|---|---|---|
| GLS Moat | 3.9 / 10 | ROE | 7.4% |
| Debt / equity | 0.32 | ROA | 4.4% |
| Free-cash-flow yield | -2262.4% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 4 · 5 / 10 |
Wheel Score 42: Weak
COHR scores 42 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 4, financially healthy - Piotroski 4/9 (under 6); and filter 5, can repay its debt - 40.4 years to repay its debt (over 3); and filter 7, a premium worth selling - implied volatility 98% (over 80%), and the parts are thin too - value strong, premium weak, moat fair, health fair, red flags good, option trading strong, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 98%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. The option chain is deep: 143,810 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 11.4M shares a day on a market cap of $38.4B, with a beta of 2.23 - 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 | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Fails | Piotroski 4/9 (under 6) |
| 5 | Can repay its debt | Fails | 40.4 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 | Fails | implied volatility 98% (over 80%) |
| 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 | Strong | 100% below fair value | |
| Premium | Weak | implied volatility 98% | |
| Moat | Fair | moat 3.9/10 | |
| Health | Fair | Piotroski 4/9 | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Strong | 42,477 contracts a day, 143,810 open interest | |
| Stability | Fair | beta 2.23, $38.4B 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
The next earnings report is due on 3 Feb 2027, 90 days away - outside the window of a 30-45-day put sold today.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Hardware, Equipment & Parts
The 12 companies below are the closest to Coherent, Inc. by market cap within the Hardware, Equipment & Parts 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 |
|---|---|---|---|---|---|
| KEYS Keysight Technologies, Inc. | 285.86 | 91.78 | -211% | 46Weak | $48.7B |
| CLS Celestica Inc. | 236.41 | 293.20 | +19% | 76Good | $29.8B |
| TDY Teledyne Technologies Incorporated | 632.01 | 428.90 | -47% | 38Weak | $29.3B |
| FLEX Flex Ltd. | 77.24 | 80.36 | +4% | 70Good | $28.5B |
| JBL Jabil Inc. | 258.56 | 224.24 | -15% | 41Weak | $26.6B |
| GRMN Garmin Ltd. | 289.15 | 193.28 | -50% | 44Weak | $55.7B |
| FTV Fortive Corporation | 68.34 | 37.34 | -83% | 30Weak | $20.3B |
| GLW Corning Inc | 118.79 | 51.01 | -133% | 47Weak | $102.3B |
| MKSI MKS Inc. | 194.95 | 144.45 | -35% | 31Weak | $13.2B |
| TRMB Trimble Inc. | 54.25 | 75.14 | +28% | 51Fair | $12.7B |
| FN Fabrinet | 341.64 | 304.50 | -12% | 37Weak | $12.2B |
| LFUS Littelfuse, Inc. | 386.47 | 98.40 | -293% | 40Weak | $9.8B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about COHR
Is COHR undervalued right now?
By the GLS models, yes: at 195.09 the stock is 100% below the average fair value of 47,060.13 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of COHR and what does it mean?
COHR scores 42 out of 100 (Weak) - it fails Wheel Trade Filters 4, 5, 7. 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 COHR?
47,060.13 per share as of 5 Nov 2026 - the simple average of the 6 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 Coherent, Inc. report earnings next?
The next earnings report is due on 3 Feb 2027, 90 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does COHR have listed options, and how liquid are they?
Yes. The nightly snapshot found 632 listed contracts with 143,810 open interest across all expiries and implied volatility of 98% 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.