Photronics makes photomasks, the precision quartz plates that carry circuit patterns used to stamp chips in semiconductor fabs, and it also runs a display-photomask business for flat-panel makers. Its moat is practical rather than glamorous: leading-edge masks are hard to qualify and switch away from, so customers tend to stay with a supplier that can deliver them on schedule. The stock trades at 10.5 times trailing earnings and 13.3 times forward, with a 21.1% operating margin and 13.8% return on equity, against revenue growth of only 2.7%, so the market is pricing in little expansion. That gap between profitability and growth is the question worth testing: whether mask demand from advanced-node and specialty chip production can lift the top line, or whether the margins are a late-cycle peak. The company is outside any index membership, which leaves it under-owned, and the 61/100 score reflects a profitable business that has not yet shown the growth to earn a higher multiple.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 21 Oct 2026, 13:04 CEST | Rating | Undervalued | first publication | $28.62 |
| 21 Oct 2026, 13:04 CEST | Fair value | $37.82 | $38.53 | $28.62 |
| 17 Oct 2026, 00:00 CEST | Fair value | $38.53 | $39.01 | $28.53 |
| 12 Oct 2026, 00:00 CEST | Fair value | $39.01 | $55.32 | $29.62 |
| 11 Oct 2026, 00:00 CEST | ACCE price target | $33.00 | first publication | $29.62 |
| 5 Oct 2026, 00:00 CEST | Fair value | $55.32 | $56.05 | $31.49 |
| 23 Sept 2026, 00:00 CEST | Fair value | $56.05 | $57.09 | $29.34 |
| 20 Sept 2026, 00:00 CEST | Fair value | $57.09 | $50.74 | $29.11 |
| 17 Sept 2026, 00:00 CEST | Fair value | $50.74 | $56.56 | $27.26 |
| 12 Sept 2026, 00:00 CEST | Fair value | $56.56 | $57.36 | $28.38 |
Answered from Photronics Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| PLAB Photronics Inc. Common Stock | $28.15 | $38 | 26% below | 10.0x | 13.8% | 75 | 61 |
| AEHR Aehr Test Systems Common Stock | $55.65 | - | - | - | -4.2% | 39 | 40 |
| SILEX.ST Silex Microsystems AB (publ) | kr 143.85 | kr 82 | 75% above | 40.8x | 0.0% | 80 | 61 |
| UCTT Ultra Clean Holdings Inc. Common Stock | $44.46 | - | - | - | -1.6% | 31 | 42 |
| COHU Cohu Inc. Common Stock | $46.26 | - | - | - | -4.8% | 39 | 49 |
| VECO Veeco Instruments Inc. Common Stock | $41.15 | $26 | 58% above | 113.7x | 2.6% | 51 | 47 |
| AMBA Ambarella Inc. Ordinary Shares | $63.12 | - | - | - | -9.4% | 43 | 35 |
Where PLAB ranks against its sector peers on each metric.