Coherent Corp (COHR) is slightly undervalued and Fortive Corp (FTV) is overvalued.
Against our estimates of intrinsic value, COHR trades at the wider discount: a margin of safety of +16%, against -170% for FTV.
Values as of the 22 Sept 2026 close.
A 10.4x revenue multiple, adjusted for growth and margin, values the shares at $367.54; the price of $310.39 is 16% below that value.
Leak Score 50/100 on 9 of 12 signals
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $20.74; the price of $55.95 is 170% above that value, and 74% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | COHR | FTV |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $310.39 | $55.95 |
| Intrinsic value | $367.54 | $20.74 |
| Margin of safety | +16% | -170% |
| Leak Score | 50/100 (9/12) | 27/100 (3/12) |
| Market cap | $60.8B | $16.9B |
| Revenue growth, 5 years | 18.0% | -2.1% |
| Operating margin | 13.8% | 18.2% |
| Net margin | 10.8% | 12.4% |
| Return on equity | 8.5% | 7.3% |
| Debt to equity | 0.33 | 0.58 |
| P/E | 75.5x | 33.0x |
| Forward P/E | 22.1x | 17.2x |
| P/B | 5.6x | 2.8x |
| Dividend yield | 0.0% | 0.4% |