IPG Photonics (IPGP) - P/B ratio

P/B ratio as of January 2026 : 1.85

According to IPG Photonics's latest financial reports the company has a price-to-book ratio of 4.04173.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

IPG Photonics - P/B ratio (from 2006 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	1.50	-4.29%
2024-12-31	1.57	-25.62%
2023-12-31	2.11	9.06%
2022-12-31	1.93	-42.12%
2021-12-31	3.34	-27.36%
2020-12-31	4.60	43.8%
2019-12-31	3.20	17.63%
2018-12-31	2.72	-52.4%
2017-12-31	5.71	69.69%
2016-12-31	3.37	-10.02%
2015-12-31	3.74	-0.23%
2014-12-31	3.75	-13.68%
2013-12-31	4.34	-5.74%
2012-12-31	4.61	26.94%
2011-12-31	3.63	-22.6%
2010-12-31	4.69	56.1%
2009-12-31	3.00	23.65%
2008-12-31	2.43	-43.48%
2007-12-31	4.30	-32.6%
2006-12-31	6.38
2005-12-31	N/A
2004-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Northrop Grumman NOC	6.10	229.53%	🇺🇸 USA
LightPath Technologies LPTH	26.7	1,342.92%	🇺🇸 USA
Coherent Corp. COHR	3.94	112.89%	🇺🇸 USA
Ciena CIEN	13.1	608.51%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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