Screened 2026-09-08 · the tape above runs as of 11:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its distribution label.
Coherent Corp. holds its Distribution at $301.88. Consolidating, no directional conviction, held for 43 days.
As held on the ledger · 2026-09-08
Phase
Distribution · caution
Quantitative state
Consolidating, no directional conviction, held for 43 days
Price at the screen
$301.88
Valuation
73.27 trailing · 21.63 forward price to earnings
Values screen
PASS· score 87.0
Beta
2.10
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
26.11%
Below 33%
Interest-bearing debt is just 26.1% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
0.00%
Below 33%
Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.
Pass
Receivables
12.56%
Below 49%
Money owed to the company is 12.6% of assets, under the 49% limit.
Pass
Revenue purity
0.00%
Below 5%
Only 0.0% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
What the Numbers Say It Is Worth
The Fair Value Range
Our framework reads OVERVALUED: it trades at roughly a 30% discount to our $391.42 fair value, narrow competitive moat, 33.70% revenue growth.
Fair value range in USD, drawn from the 2026-09-08 screen. The gold marker is the market price at the same screen. A 29.7% margin of safety to the base estimate.
Third-party analyst targets: 22 covering, consensus Buy. The average target sits +39% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-08 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Lasers meet stretched multiples and thin returns
Picture the data centres and factories that rely on precision lasers and optics to keep humming. Coherent supplies those components across networking and materials segments, delivering 20% revenue growth and a 7% profit margin. Yet the shares trade at a 33.7 times forward earnings multiple while returning just 5% on equity behind a narrow moat.
That combination leaves little margin for error. The market already prices in strong expansion and hands the stock a buy consensus with a $400 median target, yet our fair value sits only modestly above the current $277.60 price. A narrow moat and single-digit returns rarely support such multiples for long.
Cyclical demand swings in communications and industrial markets add further pressure. Any slowdown would quickly expose how little earnings power backs the valuation today. Analysis, not advice.
The risks · The things to watch: it already moves more than the market on an average day.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
COHR trades on a US exchange. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-25Markup$290.03+2.7%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 2.7% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 91% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 338%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (21 analysts) rates it buy, with a mean price target of $381.
2026-07-25Markup$282.39-25.1%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 25.1% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 91% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 338%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (21 analysts) rates it buy, with a mean price target of $381.
2026-07-18Markup$376.99+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it A. Technically it is holding around 91% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 338%. Our forward projection puts the odds of a 10% gain over the next month near 48%. The street (21 analysts) rates it buy, with a mean price target of $381.
2026-07-03Markup$376.99+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns.
2026-07-02Markup$376.99Entry 1
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Ethical screening: PASS with strong ethical credentials. The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.