PLAB Valuation

Photronics Inc

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21.820

-0.2(-0.908%)1D

Overview
Forecast
Valuation
Earnings

PLAB Relative Valuation

PLAB's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, PLAB is overvalued; if below, it's undervalued.

Historical Valuation

Photronics Inc (PLAB) is now in the Undervalued zone, suggesting that its current forward PE ratio of 11.99 is considered Undervalued compared with the five-year average of 11.45. The fair price of Photronics Inc (PLAB) is between 37.61 to 44.22 according to relative valuation methord. Compared to the current price of 22.02 USD , Photronics Inc is Undervalued By 41.45%.

Relative Value

Fair Zone

37.61-44.22

Current Price：22.02

41.45%

Undervalued

11.51

Trailing

Forward

4.13

EV/EBITDA

Photronics Inc. (PLAB) has a current EV/EBITDA of 4.13. The 5-year average EV/EBITDA is 3.86. The thresholds are as follows: Strongly Undervalued below 2.55, Undervalued between 2.55 and 3.21, Fairly Valued between 4.52 and 3.21, Overvalued between 4.52 and 5.17, and Strongly Overvalued above 5.17. The current Forward EV/EBITDA of 4.13 falls within the Historic Trend Line -Fairly Valued range.

6.07

EV/EBIT

Photronics Inc. (PLAB) has a current EV/EBIT of 6.07. The 5-year average EV/EBIT is 5.94. The thresholds are as follows: Strongly Undervalued below 2.57, Undervalued between 2.57 and 4.25, Fairly Valued between 7.62 and 4.25, Overvalued between 7.62 and 9.31, and Strongly Overvalued above 9.31. The current Forward EV/EBIT of 6.07 falls within the Historic Trend Line -Fairly Valued range.

1.56

Photronics Inc. (PLAB) has a current PS of 1.56. The 5-year average PS is 1.42. The thresholds are as follows: Strongly Undervalued below 0.83, Undervalued between 0.83 and 1.13, Fairly Valued between 1.72 and 1.13, Overvalued between 1.72 and 2.02, and Strongly Overvalued above 2.02. The current Forward PS of 1.56 falls within the Historic Trend Line -Fairly Valued range.

0.00

P/OCF

Photronics Inc. (PLAB) has a current P/OCF of 0.00. The 5-year average P/OCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/OCF of 0.00 falls within the Strongly Undervalued range.

0.00

P/FCF

Photronics Inc. (PLAB) has a current P/FCF of 0.00. The 5-year average P/FCF is 0.00. The thresholds are as follows: Strongly Undervalued below 0.00, Undervalued between 0.00 and 0.00, Fairly Valued between 0.00 and 0.00, Overvalued between 0.00 and 0.00, and Strongly Overvalued above 0.00. The current Forward P/FCF of 0.00 falls within the Strongly Undervalued range.

Photronics Inc (PLAB) has a current Price-to-Book (P/B) ratio of 1.17. Compared to its 3-year average P/B ratio of 1.35 , the current P/B ratio is approximately -13.56% higher. Relative to its 5-year average P/B ratio of 1.25, the current P/B ratio is about -6.46% higher. Photronics Inc (PLAB) has a Forward Free Cash Flow (FCF) yield of approximately 4.73%. Compared to its 3-year average FCF yield of 11.04%, the current FCF yield is approximately -57.13% lower. Relative to its 5-year average FCF yield of 9.64% , the current FCF yield is about -50.91% lower.

1.12

P/B

Median3y

1.35

Median5y

1.25

4.87

FCF Yield

Median3y

11.04

Median5y

9.64

Competitors Valuation Multiple

The average P/S ratio for PLAB's competitors is 3.47, providing a benchmark for relative valuation. Photronics Inc Corp (PLAB) exhibits a P/S ratio of 1.56, which is -55.07% above the industry average. Given its robust revenue growth of -0.28%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Benchmark Electronics Inc

Veeco Instruments Inc

Performance Decomposition

Market capitalization of PLAB decreased by 11.07% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 9.54 to 12.27.

The secondary factor is the Revenue Growth, contributed -0.28%to the performance.

Overall, the performance of PLAB in the past 1 year is driven by P/E Change. Which is more unsustainable.

-0.28%

210.98M → 210.39M

Revenue Growth

-39.33%

22.83 → 13.85

Margin Expansion

28.54%

9.54 → 12.27

P/E Change

-11.07%