Is the price fair?
What VECO's price assumes
Veeco Instruments Inc. trades at 127× earnings against 51.5× for the median Semiconductor Equipment & Materials name, more expensive than its own group.
127
Trailing P/E · Semiconductor Equipment & Materials median 51.5 · 2.46× the median: the market pays up for this one
- Price / sales
- 3.12
Price / sales · as of 2026-Q1
- Free cash flow yield
- 1.8%
Free cash flow yield · Semiconductor Equipment & Materials median 1.2%
- Growth the price implies
- +19%
Growth the price implies · The price pays for +19% free cash flow growth a year for a decade; the business has delivered −0.10% a year over the last three.
Details›
- Price / book2026-Q1
- 2.31
- EV / EBIToperating margin 2.7%: the multiple describes the denominator
- not meaningful
- EV / sales2026-Q1
- 3.19
- Technology median P/E365 names
- 36.5
- Semiconductor Equipment & Materials median P/E23 names
- 51.5
- Free cash flow, trailing twelve months
- $85M
- Market capitalisation
- $4.60B
- 3-year revenue growth
- +2.1%
- 3-year free cash flow growth
- −0.10%
| Method | Per share |
|---|---|
| What its own history would imply | not meaningful, 95.9× today against a 24.2× median |
| 52-week range | $23.59 – $83.04 |
| Today | $45.63 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Semiconductor Equipment & Materials
Ranks #18 of 18 by Smart Score