Vishay Precision Group, Inc. (VPG) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-62.5%

$20.35

vs $54.30 price

Levered DCF

$14.17

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.58

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	96.25×	31.72×	18.03×	14.58×	24.91×	39.35×	20.73×	17.18×
P/B	1.52×	0.97×	1.4×	1.72×	1.82×	1.66×	1.9×	1.86×
P/S	1.66×	1.02×	1.3×	1.45×	1.59×	1.58×	1.62×	1.36×
EV / EBITDA	18.28×	8.07×	7.54×	8.34×	12.14×	12.2×	10.71×	7.4×
Gross margin	38.9%	41.0%	42.3%	41.3%	39.4%	38.6%	39.3%	40.5%
Operating margin	3.1%	5.5%	11.8%	12.1%	8.6%	8.4%	10.1%	12.4%
Net margin	1.7%	3.2%	7.2%	9.9%	6.4%	4.0%	7.8%	7.9%
Current ratio	4.47×	4.47×	3.94×	3.91×	3.64×	4.67×	2.39×	3.92×
Debt / equity	0.19×	0.17×	0.18×	0.28×	0.33×	0.25×	0.22×	0.12×
Interest coverage	4.98×	6.71×	10.56×	19.3×	22.25×	16.59×	19.01×	21.42×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.6%	3.1%	7.8%	11.8%	7.3%	4.2%	9.2%	10.8%
Return on invested capital	1.4%	2.3%	6.9%	8.5%	5.4%	3.7%	7.3%	9.4%
Return on assets	1.2%	2.2%	5.5%	7.6%	4.4%	2.7%	6.0%	7.2%
Free cash flow yield	1.2%	3.4%	6.6%	2.2%	3.3%	2.9%	4.3%	5.1%
Earnings yield	1.0%	3.2%	5.6%	6.8%	4.0%	2.5%	4.8%	5.8%
Enterprise value	$487.2M	$289.5M	$437M	$523.2M	$511.6M	$392.8M	$425.8M	$343.2M
Net debt / EBITDA	-0.88×	-0.67×	-0.44×	-0.06×	0.15×	-1.07×	-0.85×	-1.36×
Cash conversion cycle (days)	207	211	194	182	183	176	178	169