Vishay Intertechnology Inc (VSH) stock analysis

P/E above its 5-year median

Vishay Intertechnology's P/E of 47.0 is above its own 5-year median of 9.3.

P/E above the industry

Vishay Intertechnology's P/E of 47.0 is above the Electronic Components and Accessories median of 34.8.

EV/EBITDA above its 5-year median

Vishay Intertechnology's EV/EBITDA of 9.8 is above its 5-year median of 5.2.

P/B below the industry

Vishay Intertechnology's price-to-book of 1.51 is below the Electronic Components and Accessories median of 3.49.

Trading above fair value

The share price of $29.14 is above our fair value estimate of $27.79.

Margin of safety under 20%

The price is 4.8% above fair value, so there is no margin of safety.

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 growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 17.6% over the last twelve months; the Electronic Components and Accessories median is 17.3%.

Guidance issued

The latest outlook (third quarter of 2026 revenues, Aug 5, 2026) was issued for the first time, so it neither adds nor takes away points.

Gross margin improving

Gross margin was 22.5% over the last twelve months, against 19.5% a year earlier.

Return on equity under 15%

Return on equity was 3.8% over the last twelve months and averaged 10.8% over five years; we look for 15% on both.

Return on capital under 10%

Return on invested capital was 4.6%, below the 10% that usually covers the cost of capital.

Return on equity below the industry

Vishay Intertechnology's return on equity of 3.8% is below the Electronic Components and Accessories median of 4.8%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin below its 5-year average

Net margin was 2.7% over the last twelve months, against a 5-year average of 5.9%.

Net margin below the industry

Vishay Intertechnology's net margin of 2.7% is below the Electronic Components and Accessories median of 2.9%.

Low debt

Debt is 24.9% of shareholders' equity, under the 40% we consider low.

Debt falling against equity

Debt to equity fell from 25.1% five years ago to 24.9%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 63.1% of total debt.

Interest not well covered

Operating income covers interest expense 5.0 times; we look for at least 5.

Short-term assets cover short-term debts

Current assets are 3.31 times current liabilities.

Bankruptcy risk in the grey zone

The Altman Z-score is 2.87; above 3 is the safe zone and below 1.8 the distress zone.

Pays a dividend

Vishay Intertechnology paid dividends worth 1.4% of the share price over the last twelve months.

Yield below Treasuries

The 1.4% yield is below the 4.4% on a 1-year Treasury.

Yield below the top quarter

The top quarter of US dividend payers yield 3.8% or more; Vishay Intertechnology yields 1.4%.

Dividend not cut

The dividend per share has not fallen by more than 10% in any of the last 10 fiscal years.

Earnings cover

Needs dividends paid and net income.

Cash-flow cover

Needs dividends paid and free cash flow.