IPGPIPG Photonics Corporation

$71.01-18% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 46 out of 100, Average

Average. IPG Photonics Corporation scores higher than 40% of the 2,231 companies Ryufin scores.

Carried by capital allocation and cycle position, held back by valuation and return on new capital.

Technology median 46 · all companies 55

How the score has moved

At each fiscal year end, from the reports and price of the time
51
66
68
71
42
46
20202021202220232024today

The biggest move was down 29 points from 2023 to 2024, mostly valuation.

Valuation

26% of the score

0median 53

IPG Photonics Corporation is valued at 379.1x its operating profit, including debt: past the 60 times where this criterion gives nothing.

60x
50x
35x
25x
18x
12x
8x
379.1x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

42median 24

Over 7 years the business earned 7.6% a year after tax on the capital it uses.

2%
8%
15%
25%
7.6%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 0.7%

Return on new capital

16% of the score

0median 33

Over 6 years yearly profit fell by 84 cents for every dollar earned. It did so while using less capital than before.

-5%
12%
-84%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

95median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 4.5% a year over 5 years: buybacks
100
5%
-3%
-4.5%
0 pointsfull points
Assets against salesAssets grew -3.8% a year, sales -3.5%
87
12%
-2%
-0.2%
0 pointsfull points

Cycle position

12% of the score

100median 63

Today's operating margin of 0.8% is 0.04x its normal 16%: near a trough. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
0x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 0.8%

Balance sheet

8% of the score

97median 50

What the debt weighs against the profit that has to carry it.

Interest coverOperating profit covers interest 12x
97
1.5x
12x
11.7x
0 pointsfull points

Earnings quality

6% of the score

81median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 9.05x profit over 3 years
100
0.7x
1x
1.3x
9x
0 pointsfull points
AccrualsCash ran ahead of profit by 1.9% of assets
69
8%
0%
-8%
-1.9%
0 pointsfull points
Beneish M-score-2.49
74
-1.50
-1.78
-2.22
-3.00
-2.49
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-30, latest annual report FY2025.