Stocktoria

LIGHTPATH TECHNOLOGIES INC LPTH

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 1996-02-22

LIGHTPATH TECHNOLOGIES INC statistics & valuation

Market cap$824.4M
P / S22.2×
P / B52.7×
Net margin-40.0%
Return on equity-95.1%
FCF margin-25.8%
Net cash$72,046
Enterprise value USD$824.4M
Earnings yield EBIT/EV-1.4%
Return on capital-18.4%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
27.20% 3.30% -7.90% 2.50% -8.30% -10.00% -12.30% -25.20% -40.00% 2016201720182019202020212022202320242025
Gross margin (%)
51.90% 38.50% 37.10% 39.60% 35.00% 33.20% 33.60% 27.20% 27.20% 2016201720182019202020212022202320242025
Operating margin (%)
14.60% 1.10% -3.40% 6.10% -4.80% -7.40% -10.80% -24.70% -31.80% 2016201720182019202020212022202320242025
Return on equity (%)
12.90% 25.90% 3.00% -8.00% 2.50% -9.50% -11.90% -11.30% -26.50% -95.10% 2016201720182019202020212022202320242025
Shares outstanding
16.9M 24.2M 26.8M 25.8M 27.5M 27.0M 27.0M 37.3M 39.3M 42.9M 2016201720182019202020212022202320242025
Net debt ($)
$3.0M $1.1M $976792 $31327 -$2.1M -$2.3M -$2.1M $535050 -$72046 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
9.10% 16.50% 2.20% -5.80% 1.80% -5.80% -7.00% -7.60% -16.70% -18.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.80% 0.30% -4.50% 3.70% 4.10% -0.50% -17.90% -5.20% -25.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.37× 0.19× 0.17× 0.16× 0.14× 0.11× 0.07× 0.02× 0.31× 2016201720182019202020212022202320242025
EPS ($)
$0.08 $0.36 $0.04 -$0.10 $0.03 -$0.12 -$0.13 -$0.13 -$0.21 -$0.36 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

LIGHTPATH TECHNOLOGIES INC trades at about 457.7× earnings — above its 10-year norm (10-year range 7.2×–144×, median 59.5×).

7.2× 457.7×

Shaded band = 10-year range (7.2×–144×); dot = today's 457.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin27.2%27.2%33.6%33.2%35.0%39.6%37.1%38.5%51.9%—
Operating margin-31.8%-24.7%-10.8%-7.4%-4.8%6.1%-3.4%1.1%14.6%—
Net margin-40.0%-25.2%-12.3%-10.0%-8.3%2.5%-7.9%3.3%27.2%—
FCF margin-25.8%-5.2%-17.9%-0.5%4.1%3.7%-4.5%0.3%9.8%—
Return on assets-18.2%-16.7%-7.6%-7.0%-5.8%1.8%-5.8%2.2%16.5%9.1%
Return on equity-95.1%-26.5%-11.3%-11.9%-9.5%2.5%-8.0%3.0%25.9%12.9%
Debt / equity0.31×0.02×0.07×0.11×0.14×0.16×0.17×0.19×0.37×—
Current ratio1.661.933.182.352.452.873.093.343.433.47

Computed from company filings · US · as of 2025-06-30. Facts plus Stocktoria's own computed scores — not investment advice.