Cognex Corporation (CGNX) is a publicly traded company in the Technology — Hardware, Equipment & Parts industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Cognex Corporation specializes in machine vision technology, offering solutions that interpret and process visual data to streamline and automate production and logistics operations globally. Their advanced vision systems enable the automated manufacturing and tracking of individual components or finished goods, such as mobile devices, pharmaceutical containers, and automotive parts.
Is Cognex Corporation stock overvalued or undervalued in 2026?
Cognex Corporation (CGNX) trades at 54.5× earnings (P/E), above the median of the 317 technology companies over $2bn in Kaplio's universe. At the decade median (51.2×) $53 (-6 %); at its sector median (31.5×) $32 (-42 %).
Kaplio overview: Cognex Corporation
Market cap $9B · 52 weeks $35 – $72 (22 % below the high) · P/E 54.5× · 2027 est. P/E 28.3× · Dividend 0.61 % · 4 years rising · Next earnings November 4, 2026 · expected EPS $0.52 · Closing price, Oct 30 · accounts published Aug 5.
- Valuation: TTM P/E 54.5× (fairly priced).
- Business: ROIC 8 % (fair).
- Balance sheet: Net cash/EBITDA 0.9× (solid).
- Earnings: 8 of 8 (on track).
What would it be worth at its usual multiples?
At the decade median (51.2×) $53 (-6 %); at its sector median (31.5×) $32 (-42 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 5 of 7 pass
- 3y revenue growth 0.7 %, fails.
- ROIC 8.2 %, fails.
- Gross margin 66.9 %, passes.
- FCF / Revenue 23.8 %, passes.
- SBC / Revenue 4.9 %, passes.
- Net debt / EBITDA −0.9×, passes.
- EV/EBITDA vs own 5y 33.0×, passes.
Against its peers (reference peers) — Cognex Corporation: P/E 54.5×; EV/EBITDA 33.0×; ROIC 8.2 %; $9.4B. Sensata Technologies Holding plc (P/E 16.1×; EV/EBITDA 8.5×; ROIC 7.9 %; $5.9B), Novanta Inc. (P/E 93.4×; EV/EBITDA 32.9×; ROIC 4.3 %; $5.5B), Zebra Technologies Corporation (P/E 34.0×; EV/EBITDA 17.3×; ROIC 10.3 %; $17.1B).
Expensive or cheap against its last ten years?
P/E at each close: today 54.5× · median 51.2× · minimum 23.4× · maximum 94.9× · cheap below 41.0× · expensive above 66.6×. It has been cheaper than today 57% of the time over its last ten years.
Dividend
solid · Yield 0.61 % ($0.33 per share in 2025) · Years raising it 4 · Free cash flow coverage 3.0× · With $1,000 invested today you'd collect $6.10 a year ($0.51 a month).
Profitability
| Return on Equity | 11.48% |
| Return on Invested Capital | 8.18% |
| Return on Assets | 8.02% |
| Gross Margin | 68.87% |
| Operating Margin | 21.90% |
| Net Margin | 16.05% |
Financial Health
| Debt / Equity | 0.04 |
| Current Ratio | 3.93 |
| Piotroski F-Score | 7 |
| Altman Z-Score | 8.26 |
Price Performance
| 1 month | -13.58% |
| 3 months | -21.49% |
| Year-to-date | +56.06% |
| 1 year | +35.66% |
| 3 years | +54.85% |
| 5 years | -38.02% |
| 10 years | +121.15% |
Dividend History
Paid in the last 12 months: $0.34 per share in 4 payments.
| Date | Amount |
|---|---|
| August 20, 2026 | $0.085 |
| May 21, 2026 | $0.085 |
| February 26, 2026 | $0.085 |
| November 13, 2025 | $0.085 |
| August 14, 2025 | $0.08 |
| May 15, 2025 | $0.08 |
| February 27, 2025 | $0.08 |
| November 14, 2024 | $0.08 |
| August 15, 2024 | $0.075 |
| May 15, 2024 | $0.075 |
Amounts adjusted for stock splits.
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Explore sector: Technology · Hardware, Equipment & Parts
More sections of CGNX: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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