MKS Instruments MKSI
United StatesTechnology · Scientific & Technical InstrumentsUSD
410.86 USD (+50.4%)
14 analysts
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MKS Instruments is a provider of instruments, systems, and process control solutions for the semiconductor, electronics, and industrial technology sectors, with a business model based on selling precision equipment and associated services.
Key points
from its scores- ✓Good share-price trend9.8
- ✓Strong growth8.7
- ✕Unfavourable risk and backdrop1.4
- ✕Little or no dividend3.6
- ✕Fragile balance sheet4.5
AI analysis
bottom line, main risk, context and newsGrowth and momentum are impressive, but high debt and demanding valuation limit upside potential. Wait for a better entry point or confirmation that growth is sustainable.
MKS Instruments shows exceptional growth (revenue +28.3%, earnings +162%) and very strong momentum (121.37), but its high debt (ND/EBITDA 3.38) and demanding valuation (P/E 43.43) suggest the market already prices in much of the good news. Quality is solid (ROIC 12.48%, gross margin 46.95%), but the sustainability of growth at these levels is uncertain.
The main risk is the high debt (ND/EBITDA 3.38) in a rising rate environment, which could compress margins and limit investment capacity if the semiconductor cycle normalizes.
Context and risks
MKS Instruments operates in the semiconductor sector, an area under strict regulatory review in the US due to dual-use technology export controls. Its exposure to the global supply chain and to clients in geopolitically tense regions adds a context risk not reflected in its financial metrics.
Is MKS Instruments stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 20% above the Technology median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 43.4 | 31.3 | +39% |
| EV / EBITDA | 20.9 | 20.4 | +2% |
| Price / book | 6.2 | 6.3 | −2% |
| Price / sales | 4.2 | 5.3 | −20% |
Sector: median of the 283 Technology companies analysed. In bold, the multiples used for the comparison.
Valuation score: 5.1 out of 10 (median for Technology: 5.3).
Average analyst target: 410.86 USD, +50.4% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 6.1 (sector 6.4), Growth 8.7 (sector 7.5).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Technology medianValuation
- P/E
- 43.4
- Forward P/E
- 15.5
- EV / EBITDA
- 20.9
- Price / book
- 6.2
- Price / sales
- 4.2
- PEG
- 1.32
- Market cap
- 18.5B USD
- Enterprise value
- 22.0B USD
Profitability
- ROE
- 15.8%
- ROA
- 5.0%
- ROIC (approx.)
- 12.5%
- Gross margin
- 47.0%
- Operating margin
- 20.6%
- Net margin
- 10.1%
- Free cash flow
- 480.4M USD
- FCF yield
- 2.6%
- Cash conversion
- 45%
Solvency
- Total debt
- 4.2B USD
- Net debt
- 3.6B USD
- Cash
- 611.0M USD
- EBITDA
- 1.1B USD
- Net debt / EBITDA
- 3.38
- Debt / equity
- 140.09
- Current ratio
- 1.14
- Quick ratio
- 0.59
Growth
- Revenue growth
- +28.3%
- Earnings growth
- +162.0%
- EPS (TTM)
- 6.29 USD
- EPS (forward)
- 17.65 USD
Dividend
- Dividend yield
- 0.4%
- Payout
- 14.9%
Risk and market
- Beta
- 2.02
- Analyst consensus
- none (14)
- Target price
- 410.86 USD
- 52-week range
- 120.91 – 447.62
Recent news
All MKSI news →Compare it with its sector
All 283 in Technology →Frequently asked questions about MKS Instruments
Is MKS Instruments stock cheap or expensive?
On P/E and EV / EBITDA, it trades 20% above the Technology median on average. Valuation score: 5.1 out of 10 (median for Technology: 5.3). Average analyst target: 410.86 USD, +50.4% versus the price. This is not investment advice.
What score does MKS Instruments get on MeridIAn Screener?
It scores 5.6 out of 10, rank 1,348 of 2,130 (better than 35% of the companies analysed). Its strongest category is Momentum (9.8) and its weakest, Risk & Context (1.4). Analysis of 08/10/2026.
What is MKS Instruments's P/E ratio?
Its P/E is 43.4: the share price equals 43.4 times earnings per share over the last 12 months. The Technology median is 31.3. Based on the earnings analysts expect, the forward P/E is 15.5.
How much is MKS Instruments worth on the stock market?
Its market capitalisation is 18.5B USD and its enterprise value, debt included, is 22.0B USD.
How much debt does MKS Instruments have?
Its net debt (debt minus cash) is 3.6B USD. That is 3.38 times its EBITDA; the Technology median is 0.20.
Does MKS Instruments pay a dividend?
Yes: its dividend yield is 0.37% and it pays out 15% of its earnings.
How has MKS Instruments stock performed over the last year?
It has risen 126.2% over the last year, excluding dividends. Over the last 52 weeks it has traded between 120.91 and 447.62 USD. Past performance does not guarantee future results.
What do analysts think of MKS Instruments?
14 analysts cover it; their average recommendation is “none” and their average target is 410.86 USD (+50.4% versus the price). It is an estimate, not market data.