Photronics, Inc.
PLAB Small CapTechnology · Semiconductor Equipment & Materials
Updated: Jun 14, 2026, 22:19 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Photronics, Inc., together with its subsidiaries, engages in the manufacture and sale of photomask products and services in the United States, Taiwan, China, Korea, Europe, and internationally. It offers photomasks that are used in the manufacture of integrated circuits and flat panel displays (FPDs); and to transfer circuit patterns onto semiconductor wafers, and FDP substrates. The company also provides electrical and optical components. It sells its products to semiconductor and FPD designers, manufacturers, and foundries through its sales personnel and customer service representatives. The company was formerly known as Photronic Labs, Inc. and changed its name to Photronics, Inc. in 1990. Photronics, Inc. was incorporated in 1969 and is based in Brookfield, Connecticut.
Photronics, Inc. Stock at a Glance
Photronics, Inc. (PLAB) is currently trading at $31.78 with a market capitalization of $1.9B. The trailing P/E ratio stands at 11.73x, with a forward P/E of 15.69x. The 52-week range spans from $18.00 to $56.00; the current price is 43.3% below the yearly high. Year-over-year revenue growth stands at -0.5%. The net profit margin stands at 18.47%.
💰 Dividend
Photronics, Inc. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.
📊 Analyst Rating
2 analysts rate Photronics, Inc. (PLAB) on consensus: None. The average price target is $43.00, implying +35.31% from the current price. Analyst price targets range from $42.00 to $44.00.
Photronics, Inc.: The Investment Case in Detail
Photronics, Inc. (PLAB) operates in the Technology — specifically Semiconductor Equipment & Materials — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Earnings growth of 270.5% is outpacing revenue, a sign of operational leverage — fixed costs are being absorbed across a larger base. Free cash flow is positive and net margins stand at 18.47%, meaning reported earnings translate into real cash that can fund buybacks, dividends or strategic acquisitions. Our valuation screen flags the stock as undervalued relative to its fundamentals — multiples are running below where the cash flow profile would normally justify.
The Bear Case
Revenue is contracting at -0.5% year-over-year — until that trend reverses, valuation is exposed to further downgrades.
Valuation in Context
The EV/EBITDA multiple of 6.17x is below the historical equity-market average — strategic acquirers would find the cash-flow profile attractive at this level.
What to Watch Next
- The analyst consensus price target implies 35.31% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.
Investment Thesis: Strengths & Weaknesses
- Currently flagged as undervalued
- Solid balance sheet with low debt (D/E 0.23)
- Positive free cash flow
- –Revenue shrinking (-0.5% YoY)
Technical Snapshot
The price is in a transition zone relative to the moving averages — no clear signal.
Risk Profile
The data points to market-like volatility, elevated short interest (8.97%).
Trading Data
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