One-glance verdict
Overvalued
$18.76 our estimate vs market $71.63
Wall Street consensus: $93.33 (397.5% higher than our fair-value estimate)
282% above our estimate, beyond the bull case
Fundamentals snapshot
Vishay Precision Group, Inc.
VPG · NYQ · Technology · Scientific & Technical Instruments
Current price
$71.63
52-week range
$29.08 - $151.78
Market cap
$952.75M
Balance sheet
Healthy
4.98x Stretched
Net cash $36.45M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
2 Risks
2 rewards · 2 risks
- Reward Revenue grew 7.0% last year.
- Reward Free cash flow was positive in 10/10 years.
- Risk Stock trades 494.0% above its 5-year average P/E.
- Risk Operating margin compressed from 12.4% to 0.5% over 3 years.
What this company does
Vishay Precision Group, Inc.
Vishay Precision Group makes highly specialized sensors and systems used for extremely precise measuring and weighing. The company earns money by selling these high-tech components to a wide variety of industries, from steel mills and paper manufacturing to agriculture and medical device makers. Because its products are critical for quality control and safety in so many different fields, the company's success isn't overly dependent on the health of any single industry.
How the company got here
Vishay Precision Group, or VPG, became its own company in 2010 when it was spun off from a larger electronics manufacturer called Vishay Intertechnology. The idea was to create a separate, focused business for highly specialized and precise measurement technologies. While the VPG name is relatively new, many of the businesses and brands under its umbrella have long histories in their specific fields. The company was built on its expertise in a technology called resistive foil, which is used to make very accurate sensors. Over the years, VPG has grown by acquiring other companies that deepen its capabilities in force sensing and measurement systems.
What it actually does
VPG makes highly accurate sensors and systems that measure tiny changes in force, weight, pressure, and stress. Think of them as the unsung heroes inside other products where precision is absolutely critical. For example, their technology is used in everything from the scales at a grocery store to the systems that test the safety of new cars and airplanes. They don't sell directly to everyday shoppers; instead, they sell these crucial components to other manufacturers (known as original equipment manufacturers or OEMs) who build them into their own larger products. The company focuses on situations where being extremely accurate and reliable is more important than being the cheapest option.
Sensors
This is VPG's foundational business, providing the core components for measurement. It makes things like precision resistors (tiny parts that control the flow of electricity with extreme accuracy) and strain gages (sensors that detect stress on a surface). These components are bought by companies in demanding fields like aerospace, military, medical equipment, and automated testing. For instance, a strain gage might be used to measure the stress on an airplane wing during flight testing. This segment is a significant part of the company and recently saw strong demand from customers involved in artificial intelligence and data centers.
Weighing Solutions
This segment takes the company's sensor technology and builds it into more complete systems for weighing things. This includes everything from individual load cells (the sensor that actually measures the weight) to entire weighing systems for large industrial tanks or trucks. Customers include industries like transportation, agriculture, and manufacturing, who need to precisely weigh materials for their operations. For example, they make onboard weighing systems that help trucking companies maximize their loads without going over legal axle weight limits.
Measurement Systems
This is the most specialized part of VPG, offering highly advanced systems for specific industries. These are not just individual parts but complex machines used for things like safety testing, materials development, and controlling the manufacturing process in steel mills. For example, they create data acquisition systems (the hardware and software that collects and analyzes data from sensors) used in vehicle crash tests. Customers are often in research, defense, or heavy industry, where these very specific and highly accurate measurement systems are essential.
What management is betting on now
The company's current strategy focuses on operational excellence (running the business as efficiently as possible) to improve its financial results. Management is targeting high-growth markets where extreme precision is becoming more important, such as in semiconductor manufacturing, data centers, and robotics. They are also making organizational changes to operate more efficiently and better support new business opportunities. The goal is to be the go-to supplier for challenging measurement problems where accuracy and reliability are essential, making their products critical for customers.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q4
$4.58M
FY2025 Q1
$3.74M
FY2025 Q2
$4.71M
FY2025 Q3
$-3.45M
FY2025 Q4
$1.35M
FY2026 Q2
$-3.66M
FY2026 Q3
$-1.72M
Revenue
$83.94M
Net income
$-1.72M
Diluted EPS
-0.13
Operating cash flow
$271.00K
Free cash flow
$-1.72M
Fetching…
Sources
Revenue
$84.35M
Net income
$-319.00K
Diluted EPS
-0.02
Operating cash flow
$-596.00K
Free cash flow
$-3.66M
Fetching…
Sources
Revenue
$80.57M
Net income
$-1.87M
Diluted EPS
-0.14
Operating cash flow
$4.43M
Free cash flow
$1.35M
Fetching…
Sources
Revenue
$79.73M
Net income
$7.86M
Diluted EPS
0.59
Operating cash flow
$-1.26M
Free cash flow
$-3.45M
Fetching…
Sources
Revenue
$75.16M
Net income
$248.00K
Diluted EPS
0.02
Operating cash flow
$5.96M
Free cash flow
$4.71M
Fetching…
Sources
Revenue
$71.74M
Net income
$-942.00K
Diluted EPS
-0.07
Operating cash flow
$5.25M
Free cash flow
$3.74M
Fetching…
Sources
Revenue
$72.65M
Net income
$768.00K
Diluted EPS
0.06
Operating cash flow
$6.78M
Free cash flow
$4.58M
Fetching…
Sources
Is it cheap or expensive?
Fair value $18.76 vs current price $71.63
Wall Street consensus is the average analyst price target: $93.33 (397.5% higher than our fair-value estimate).
Our most-likely fair value is $18.76 a share — about 73.8% below today's price of $71.63, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Healthy
Net cash $36.4M - more cash than debt. Interest coverage 5.0x.
Net debt
$-36.45M
Interest coverage
4.98x
Vishay Precision Group, Inc.'s profit covers its interest bill about 5.0 times over.
Healthy
Worse cushion
Baseline
Better cushion
VPG
BASELINE
Vishay Precision Group, Inc.
Total debt $39.25M Interest coverage 4.98x This is the baseline the peer rows are being compared against.
Total debt $89.89M Interest coverage 19.50x +291% vs VPG Carries about 3.9x more debt cushion than VPG.
Total debt $1.10B Interest coverage 5.90x +18% vs VPG Carries about 1.2x more debt cushion than VPG.
Total debt $3.89M Interest coverage 3,784.75x +75,854% vs VPG Carries about 759.5x more debt cushion than VPG.
Total debt $511.60M Interest coverage 3.69x -26% vs VPG Carries about 1.4x less debt cushion than VPG.
Total debt $1.05B Interest coverage 8.98x +80% vs VPG Carries about 1.8x more debt cushion than VPG.
What you should know
The case for and against VPG
2 Rewards
2 Risks
Rewards
-
Revenue grew 7.0% last year.
-
Free cash flow was positive in 10/10 years.
Risks
-
Stock trades 494.0% above its 5-year average P/E.
-
Operating margin compressed from 12.4% to 0.5% over 3 years.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
238.77x
Forward P/E
40.02x
P/B
2.87x
P/S
2.90x
EV/EBITDA
38.94x
PEG ratio
1.75x
Profitability
How much profit each dollar creates
Gross margin
38.7%
Operating margin
0.5%
Net margin
1.2%
ROE
1.2%
ROA
1.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.12x
Current ratio
4.16x
Quick ratio
2.35x
Total debt
$39.25M
Total cash
$75.70M
Growth
How the business has been compounding
Revenue TTM
$328.59M
Revenue 5Y CAGR
-0.9%
EPS TTM
0.30
EPS 5Y CAGR
-46.6%
Cash flow
How much cash the business throws off
Operating CF TTM
$2.85M
Free CF TTM
$6.35M
FCF margin
1.9%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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