Is Photronics (PLAB) overvalued or fairly valued?

MarketChacha shows Photronics's valuation in context — a trailing P/E of about 15.8, a forward P/E of about 13.9, a price-to-book of about 1.3 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Photronics's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.07×) from reported figures — education, not a rating.

What is Photronics's revenue?

Photronics reported revenue of $849.3M for FY2025, with net profit of $136.4M, per official filings.

What is the share price of Photronics (PLAB)?

Photronics last traded at $28.78 (+2.1% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Photronics

PLAB · NYSE · Technology · United States

Snapshot

TickerPLAB

ExchangeNYSE

SectorTechnology

IndustrySemiconductor Equipment & Materials

CountryUnited States

Employees1,908

HeadquartersBrookfield, United States

Websitewww.photronics.com

Filings tracked12

About Photronics

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.

Who owns it

Insiders3.2%
Institutions96.7%
Public & other0.1%

438 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.16.09%
Dimensional Fund Advisors LP6.18%
American Century Companies Inc5.74%
Vanguard Portfolio Management LLC5.04%
Vanguard Capital Management LLC4.24%
State Street Corporation3.97%
LSV Asset Management3.71%
Geode Capital Management, LLC3.68%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.07×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend14.1% → 16.1%

Margin has expanded by about 2.0 points — the business is getting more profitable.

Growth qualityrev -2% · PAT 4%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $228.6M · EPS 0.53

Est. earnings growth -13.1%

Next fiscal year

Rev $892.4M · EPS 2.08

Est. earnings growth +3.3%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$849.3M

Net margin

16.1%

ROE

11.6%

Revenue CAGR (2y)

-2.4%

Profit CAGR (2y)

+4.3%

EPS (FY2025)

2.28

Net profit (FY2025)

$136.4M

Ask MarketChacha about PLAB

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$849.3M	$136.4M	2.28	16.1%	11.6%
FY2024	$866.9M	$130.7M	2.09	15.1%	11.7%
FY2023	$892.1M	$125.5M	2.03	14.1%	12.9%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$209.9M	$31.4M	0.54	15.0%
2026Q1	$225.1M	$42.9M	0.74	19.1%
2025Q3	$210.4M	$22.9M	0.39	10.9%
2025Q2	$211.0M	$8.9M	0.15	4.2%
2025Q1	$212.1M	$42.9M	0.68	20.2%
2024Q3	$211.0M	$34.4M	0.55	16.3%
2024Q2	$217.0M	$36.3M	0.58	16.7%
2024Q1	$216.3M	$26.2M	0.42	12.1%
2023Q3	$224.2M	$27.0M	0.44	12.0%
2023Q2	$229.3M	$39.9M	0.65	17.4%
2023Q1	$211.1M	$14.0M	0.23	6.6%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC6/11/2026
8-K — Results of operations, Exhibits
SEC5/28/2026material
8-K — Shareholder vote results
SEC4/9/2026material
10-Q filing
SEC3/11/2026
8-K — Results of operations, Exhibits
SEC2/25/2026material
8-K — Executive/director change, Exhibits
SEC1/13/2026material
8-K — Executive/director change, Exhibits
SEC1/7/2026material
8-K — Executive/director change, Exhibits
SEC1/2/2026material

2025

10-K filing
SEC12/17/2025
8-K — Results of operations, Exhibits
SEC12/10/2025material
10-Q filing
SEC9/9/2025
8-K — Results of operations, Exhibits
SEC8/27/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.