Coherent Corp (COHR) is slightly undervalued and MKS Inc (MKSI) is undervalued.
Against our estimates of intrinsic value, MKSI trades at the wider discount: a margin of safety of +49%, against +16% for COHR.
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
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $512.86; the price of $260.37 is 49% below that value.
Leak Score 54/100 on 3 of 12 signals
| Metric | COHR | MKSI |
|---|---|---|
| Verdict | Slightly undervalued | Undervalued |
| Price | $310.39 | $260.37 |
| Intrinsic value | $367.54 | $512.86 |
| Margin of safety | +16% | +49% |
| Leak Score | 50/100 (9/12) | 54/100 (3/12) |
| Market cap | $60.8B | $17.6B |
| Revenue growth, 5 years | 18.0% | 11.0% |
| Operating margin | 13.8% | 16.7% |
| Net margin | 10.8% | 10.1% |
| Return on equity | 8.5% | 15.9% |
| Debt to equity | 0.33 | 1.40 |
| P/E | 75.5x | 41.5x |
| Forward P/E | 22.1x | 14.9x |
| P/B | 5.6x | 5.9x |
| Dividend yield | 0.0% | 0.4% |