nLIGHT, Inc. (LASR) Valuation — DCF, Graham & Comparables

nLIGHT, Inc. (LASR) — Price $35.77 (closing price, November 2, 2026) — Technology — Semiconductors — NASDAQ

Latest reported results:

Valuation dashboard for nLIGHT, Inc. (LASR) with P/E N/A, P/B 4.63, EV/EBITDA 215.3 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

nLIGHT, Inc. specializes in the development, production, and sale of advanced semiconductor and fiber lasers. These sophisticated laser systems find applications across diverse sectors such as industrial manufacturing, precision microfabrication, and the aerospace and defense industries. The company's operations are divided into two main segments: Laser Products and Advanced Development.

Analysis Summary

nLIGHT, Inc. reported revenue of $261.3M in the most recent fiscal year, growing at a 5-year CAGR of 3.2%.

Trailing-twelve-month margins: gross margin 31.5%, operating margin -5.4%, net margin -4.0%.

At $35.77 (closing price, November 2, 2026), LASR has negative trailing earnings (P/E not meaningful) and an ROE of -3.80%. Market capitalisation stands at $2.1B.

Balance sheet quality for LASR: debt-to-equity ratio of 0.03, current ratio of 8.17 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

Price / Book4.63
EV / EBITDA215.3
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
LASRnLIGHT, Inc.$2.1B4.63-3.8%
AAOIApplied Optoelectronics, Inc.$5.3B3.06-5.6%
IPGPIPG Photonics Corporation$3.1B77.951.451.9%
COHRCoherent, Inc.$39.4B48.653.598.4%
NVDANVIDIA Corporation$4.9T25.5421.35110.1%
TSMTaiwan Semiconductor Manufacturing Company Limited$2.1T23.678.6241.2%
0YXG.LBroadcom Inc.$1.6T39.9115.3843.9%
AVGOBroadcom Inc.$1.5T41.1515.9143.9%

Price

Price$35.77 (closing price, November 2, 2026)
Market Cap$2.1B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity-3.80%
Return on Invested Capital-3.59%
Return on Assets-2.41%
Gross Margin31.52%
Operating Margin-5.37%
Net Margin-4.02%

Related companies: AAOI · IPGP · COHR · NVDA · TSM · 0YXG.L · AVGO · SKHY

Explore sector: Technology · Semiconductors

More sections of LASR: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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