Coherent Corp (COHR) is slightly undervalued and Trimble Inc (TRMB) is overvalued.
Against our estimates of intrinsic value, COHR trades at the wider discount: a margin of safety of +16%, against -75% for TRMB.
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 10.6% (average of 2 methods) values the shares at $33.92; the price of $59.30 is 75% above that value, and 70% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | COHR | TRMB |
|---|---|---|
| Verdict | Slightly undervalued | Overvalued |
| Price | $310.39 | $59.30 |
| Intrinsic value | $367.54 | $33.92 |
| Margin of safety | +16% | -75% |
| Leak Score | 50/100 (9/12) | 0/100 (2/12) |
| Market cap | $60.8B | $13.8B |
| Revenue growth, 5 years | 18.0% | 2.6% |
| Operating margin | 13.8% | 18.7% |
| Net margin | 10.8% | -2.8% |
| Return on equity | 8.5% | -1.9% |
| Debt to equity | 0.33 | 0.29 |
| P/E | 75.5x | — |
| Forward P/E | 22.1x | 14.4x |
| P/B | 5.6x | 2.7x |
| Dividend yield | 0.0% | — |