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Vicor Corp (VICR) stock analysis

VICRNasdaqElectronic Components, NECFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 26, 2026Score 17/3022% above fair value
$164.69−3.41 (-2.03%)

Close on Nov 12, 2026Market cap $7.60BP/E 43.1Yield –

StockData Score

Prices as of Nov 11, 2026How the score works

Value2Growth4Performance5Health6Dividend0

Solid17 of 30 checks passed

Vicor passes 17 of the 30 checks behind our score; 6 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
2/6
Growth
4/6
Past performance
5/6
Financial health
6/6
Dividend
0/6

What stands out

  • Return on capital over 10%

    Return on invested capital was 42.2%, above the 10% that usually covers the cost of capital.

  • No debt

    Vicor has no borrowings on its latest balance sheet.

  • Earnings grew over 5 years

    Net income grew 45.9% a year on average over the last five fiscal years.

  • EPS growing 10%+ a year

    Diluted EPS grew 66.1% a year over the last three fiscal years.

What to watch

  • Margin of safety under 20%

    The price is 21.6% above fair value, so there is no margin of safety.

  • Trading above fair value

    The share price of $168.10 is above our fair value estimate of $138.22.

  • Return on equity under 15%

    Return on equity was 23.5% over the last twelve months and averaged 10.1% over five years; we look for 15% on both.

  • Revenue growing under 10% a year

    Revenue grew 4.3% a year over the last three fiscal years, short of the 10% we look for.

Valuation2/6

  • P/E below its 5-year median

    Vicor's P/E of 44.0 is below its own 5-year median of 72.9.

  • P/E above the industry

    Vicor's P/E of 44.0 is above the Electronic Components and Accessories median of 34.8.

  • EV/EBITDA below its 5-year median

    Vicor's EV/EBITDA of 45.0 is below its 5-year median of 52.0.

  • P/B above the industry

    Vicor's price-to-book of 8.56 is above the Electronic Components and Accessories median of 3.49.

  • Trading above fair value

    The share price of $168.10 is above our fair value estimate of $138.22.

  • Margin of safety under 20%

    The price is 21.6% above fair value, so there is no margin of safety.

Growth4/6

  • Revenue growing under 10% a year

    Revenue grew 4.3% a year over the last three fiscal years, short of the 10% we look for.

  • EPS growing 10%+ a year

    Diluted EPS grew 66.1% a year over the last three fiscal years.

  • Earnings growth accelerating

    Net income grew 119% over the last twelve months, against a 5-year average of 45.9% a year.

  • Growing faster than the industry

    Revenue grew 27.0% over the last twelve months; the Electronic Components and Accessories median is 17.3%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin improving

    Gross margin was 60.6% over the last twelve months, against 56.7% a year earlier.

Past performance5/6

  • Return on equity under 15%

    Return on equity was 23.5% over the last twelve months and averaged 10.1% over five years; we look for 15% on both.

  • Return on capital over 10%

    Return on invested capital was 42.2%, above the 10% that usually covers the cost of capital.

  • Return on equity above the industry

    Vicor's return on equity of 23.5% is above the Electronic Components and Accessories median of 4.8%.

  • Earnings grew over 5 years

    Net income grew 45.9% a year on average over the last five fiscal years.

  • Net margin above its 5-year average

    Net margin was 32.2% over the last twelve months, against a 5-year average of 12.7%.

  • Net margin above the industry

    Vicor's net margin of 32.2% is above the Electronic Components and Accessories median of 2.9%.

Financial health6/6

  • No debt

    Vicor has no borrowings on its latest balance sheet.

  • Debt not rising

    With no debt today, leverage cannot have risen.

  • Debt covered by cash flow

    There is no debt to cover.

  • Interest well covered

    No meaningful interest expense to cover.

  • Short-term assets cover short-term debts

    Current assets are 11.44 times current liabilities.

  • Low bankruptcy risk

    The Altman Z-score is 64.70; above 3 is the safe zone and below 1.8 the distress zone.

Dividend0/6

  • No dividend

    Vicor has not paid a dividend in the last twelve months.

  • Yield against Treasuries

    No dividend.

  • Yield against the market

    No dividend.

  • Dividend stability

    No dividend.

  • Earnings cover

    No dividend.

  • Cash-flow cover

    No dividend.

Scores of similar companies

Fair value

How we estimate it

Our estimate per share

$138.22

The share price is 22% above this estimate.

20%+ below
Near fair value
20%+ above
$168.10Price$138.22Fair value
MethodMultiple usedOwn 5Y medianIndustry medianValue per shareWeight
P/E45.0×72.9×34.8×$171.9047%
EV/EBITDA30.0×52.0×21.3×$115.8241%
P/B4.2×4.8×3.5×$81.9412%
Earnings powerleft out, too far from the others14.9% cost of equity––$10.13–
Fair value$138.22100%

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 72.9
  • Electronic Components and Accessories median 34.8

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$227.46M
Value traded per 1% price move
$34.82M

Downside

High risk

Typical loss in a bad month
43.6%
Volatility (annualized)
98%
Sharpe ratio, 1 year
0.79
Beta to the S&P 500 (5Y)
2.02

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2011 to 2025

Gross margin

57.3%+13.0 pts over 5 years

Operating margin

18.1%+12.2 pts over 5 years

Net margin

26.2%+20.1 pts over 5 years

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