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MKS Inc. (MKSI)

POSITIVE
TechnologyScientific & Technical InstrumentsUnited States

Fundamental

72

Price

$267.94

Market Cap

$18.01B

Part 1 · What the company is worth

Overview

MKS Inc. provides foundational technology solutions to semiconductor manufacturing, electronics and packaging, and specialty industrial applications in the United States, China, South Korea, Japan, Taiwan, Singapore, and internationally. The company operates through Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Material Solutions Division (MSD) segments. Its VSD segment provides foundational technology solutions, including pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, and fiber optic temperature and position sensing. The PSD segment offers range of solutions, which include lasers, photonics, optics, precision motion control, and vibration control. Its MSD segment develops, process, and manufactures technologies comprising advanced surface modification, electroless and electrolytic plating, and surface finishing for chemistry, equipment, and services markets, as well as high-technology applications. In addition, the company sells its products and services through direct sales, network of independent distributors, and sales representatives, as well as websites, including product catalogs. MKS Inc. was formerly known as MKS Instruments, Inc. and changed its name to MKS Inc. in May 2025. The company was incorporated in 1961 and is based in Andover, Massachusetts.

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Who this company fights with for the same customers

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Balance Sheet & Liquidity

Revenue

$4.35B

Trailing 12 months (through 6/30/2026)

Net Income

$440M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$497M

Total Equity

$2.72B

Total Liabilities

$6.08B

Current Ratio

1.14

Interest Coverage

3.65

Debt/EBITDA

4.52

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Overvalued

Fair Value

$194.44

Current Price

$267.94

Margin of Safety

-37.8%

Fair Value Range

$126.38 - $262.49

Estimation Methods

Analyst Target:$413.62
DCF:$61.84
PE-based:$133.38
Graham Growth:$46.97
EPV:$46.15
Analyst Consensus:Strong Buy (18B / 2H / 1S)
Last Earnings Surprise:+9.17%

Valuation Metrics

P/E Ratio

42.91

ROE

10.8%

P/B Ratio

6.09

P/FCF

39.99

Gross Margin

47.0%

ROIC

8.3%

Profitability Radar

Value Creation (Economic Moat)

ROIC

8.3%

WACC

13.9%

ROIC − WACC

-5.7 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (20)

  • EPS shows upward trend
  • EPS CAGR 12.50%
  • Price CAGR 16.74%
  • ROIC 8.3%
  • Gross Margin 47.0%
  • Debt/Equity ratio
  • Operating Margin 15.7%
  • Positive Free Cash Flow
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 15.8%
  • Revenue Growth 5Y 11.0%
  • Analyst Consensus 86% Buy
  • Earnings Surprise avg 5.1%
  • Earnings Quality (OCF/NI) 1.44
  • Share Dilution -0.2%
  • Net Margin Trend 10.1% vs 7.1%
  • Piotroski F-Score 7/9

Failed (6)

  • P/FCF 39.99
  • P/B Ratio 6.09
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)

Unavailable (2)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)

Piotroski F-Score

7/9

Strong financial health

score
criteria

Earnings Quality

1.44

High quality: earnings backed by cash

Share Dilution

-0.2%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Dr. John T. C. Lee Ph.D.President, CEO & Director62
Mr. Ramakumar MayampurathExecutive VP & CFO61
Mr. James Alan SchreinerExecutive VP & COO63
Mr. David Philip HenryEVP, Global Strategic Marketing & GM of Materials Solutions Division53
Ms. Michelle M. McCarthyVP & Chief Accounting Officer44
Ms. Madhuri A. AndrewsExecutive VP & Chief Information Officer58
Dr. Paretosh Misra C.F.A., Ph.D.Vice President of Investor Relations-
Ms. Renee M. DonlanExecutive VP, General Counsel & Chief Compliance Officer-
Ms. Sally Ann BouleyExecutive VP & Chief Human Resources Officer-
Mr. Eric Robert TarantoExecutive VP & GM of Vacuum Solutions Division57

Audit Risk

1

Board Risk

4

Compensation Risk

3

Shareholder Rights Risk

5

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for MKSI, sourced from Markets Gazette.

No recent news for MKSI.