Which has the lower trailing P/E, IPGP or OLED?

OLED has the lower trailing P/E: IPGP trades at 129.10 and OLED at 19.35. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, IPGP or OLED?

Over the past five years, OLED grew revenue faster — IPGP at a -4.87% CAGR versus OLED at 3.05%.

Does IPGP or OLED pay a bigger dividend?

OLED pays a dividend (2.43% yield), while IPGP is a former payer with no current dividend run rate.

Is IPGP or OLED more profitable?

OLED runs the higher net margin — IPGP at 2.58% versus OLED at 32.24%.

How have IPGP and OLED total returns compared?

Over the past 10 years, IPGP delivered 0.03% and OLED delivered 5.05% annualized total return. Past performance doesn't predict future results.

IPG Photonics Corporation (IPGP) vs Universal Display Corporation (OLED)

A side-by-side comparison of IPG Photonics Corporation and Universal Display Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

IPGP

IPG Photonics Corporation

$3.56B

$83.92TechnologyDelayed quote: Oct 6, 2026, 2:35 PM EDT

OLED

Universal Display Corporation

$3.67B

$79.93TechnologyDelayed quote: Oct 6, 2026, 2:35 PM EDT

Total return — IPGP vs OLED

growth of $100 · dividends reinvested · last 10y

IPGP -1.6% (-0.2%/yr)OLED +62.7% (+5.0%/yr)OLED compounded faster over this window

IPGP OLED

IPGP vs OLED: by the numbers

•OLED is the larger company ($3.67B vs $3.56B market cap).
•OLED trades at the lower trailing earnings multiple (19.35 vs 129.10 P/E), one valuation lens rather than an overall verdict.
•OLED converts more revenue to profit (32.24% vs 2.58% net margin).
•OLED grew revenue faster over the past five years (3.05% vs -4.87% CAGR).
•OLED pays a dividend (2.43% yield), while IPGP is a former payer with no current dividend run rate.

Metrics side by side

Valuation

Metric	IPGP	OLED
P/E ratio	129.10	19.35
Forward P/E	76.03	19.09
PEG ratio	N/A	1.53
P/S ratio	3.33	6.05
P/B ratio	1.67	2.18
EV / EBITDA	34.95	13.86
FCF yield	0.58%	4.63%

Profitability

Metric	IPGP	OLED
Gross margin	38.35%	75.33%
Operating margin	0.74%	34.07%
Net margin	2.58%	32.24%
ROE	1.30%	11.62%
ROIC	0.25%	9.60%

Dividends

Metric	IPGP	OLED
Dividend yield	N/A	2.43%
Payout ratio	N/A	47.22%

Growth (annualized)

Metric	IPGP	OLED
Revenue CAGR (5Y)	-4.87%	3.05%
EPS CAGR (5Y)	-24.63%	12.70%
FCF CAGR (5Y)	-39.36%	4.17%
Total return CAGR (5Y)	-11.49%	-12.79%

Frequently asked

Which has the lower trailing P/E, IPGP or OLED?: OLED has the lower trailing P/E: IPGP trades at 129.10 and OLED at 19.35. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, IPGP or OLED?: Over the past five years, OLED grew revenue faster — IPGP at a -4.87% CAGR versus OLED at 3.05%.
Does IPGP or OLED pay a bigger dividend?: OLED pays a dividend (2.43% yield), while IPGP is a former payer with no current dividend run rate.
Is IPGP or OLED more profitable?: OLED runs the higher net margin — IPGP at 2.58% versus OLED at 32.24%.
How have IPGP and OLED total returns compared?: Over the past 10 years, IPGP delivered 0.03% and OLED delivered 5.05% annualized total return. Past performance doesn't predict future results.

Go deeper

Full IPGP analysis Full OLED analysis Interactive comparison tool

Dig into the metrics

IPG Photonics P/E ratio Universal Display P/E ratio Universal Display dividend yield IPG Photonics ROE Universal Display ROE IPG Photonics operating margin Universal Display operating margin IPG Photonics revenue growth Universal Display revenue growth IPG Photonics free cash flow Universal Display free cash flow

IPG Photonics & Universal Display appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.