AXT, Inc. (AXTI) is a publicly traded company in the Technology — Semiconductors industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
AXT, Inc. is a company dedicated to the design, development, production, and worldwide distribution of both compound and single-element semiconductor substrates. Leveraging its proprietary vertical gradient freeze technology, the firm manufactures these essential components.
Is AXT, Inc. stock overvalued or undervalued in 2026?
AXT, Inc. (AXTI) trades at 112× earnings (P/E), against a median of 31.5× across the 317 technology companies above $2bn in Kaplio's universe. No valuation verdict: it earns very little for its market value, and with such small earnings there is no reliable reference price.
Kaplio overview: AXT, Inc.
Market cap $3B · 52 weeks $8 – $141 (66 % below the high) · P/E 112× · 2027 est. P/E 19.3× · Dividend none · Next earnings February 18, 2027 · expected EPS $0.36 · Closing price, Nov 3 · accounts published Oct 29.
- Valuation: TTM P/E 112× (no verdict).
- Business: ROIC 3 % (weak).
- Balance sheet: Altman Z 4.6 (solid).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it earns very little for its market value (it trades at 112 times earnings; its sector median, 31.5).
What matters in technology: 1 of 5 pass
- 3y revenue growth −15.7 %, fails.
- Gross margin 12.7 %, fails.
- FCF / Revenue −21.3 %, fails.
- ROIC 2.5 %, fails.
- SBC / Revenue 3.7 %, passes.
- Net debt / EBITDA n. s., info.
Against its peers (reference peers) — AXT, Inc.: P/E 112×; EV/EBITDA 57.9×; ROIC 2.5 %; $3.4B. MACOM Technology Solutions Holdings, Inc. (P/E 75.7×; EV/EBITDA 48.3×; ROIC 8.9 %; $18.0B), IPG Photonics Corporation (P/E 79.2×; EV/EBITDA 25.1×; ROIC 0.7 %; $3.2B), Axcelis Technologies, Inc. (P/E 32.7×; EV/EBITDA 23.3×; ROIC 6.6 %; $3.0B).
Profitability
| Return on Equity | 5.40% |
| Return on Invested Capital | 2.53% |
| Return on Assets | 2.60% |
| Gross Margin | 44.02% |
| Operating Margin | 19.55% |
| Net Margin | 18.53% |
Financial Health
| Debt / Equity | 0.08 |
| Current Ratio | 3.80 |
| Piotroski F-Score | 2 |
| Altman Z-Score | 4.61 |
Price Performance
| 1 month | -43.87% |
| 3 months | -29.75% |
| Year-to-date | +194.80% |
| 1 year | +469.74% |
| 3 years | +2042.22% |
| 5 years | +425.63% |
| 10 years | +835.92% |
Related companies: LITE · MTSI · AAOI · NVDA · TSM · AVGO · 0YXG.L · SKHY
Explore sector: Technology · Semiconductors
More sections of AXTI: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks