# Vishay Precision Group, Inc. (VPG)

> Source: Nexqual · https://nexqual.com/VPG · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Vishay Precision Group, Inc. (VPG), nexqual.com/VPG" · informational, not investment advice.

**Price:** USD 53.25 (+1.06% on the day) · last close of Oct 23, 2026; US market closed, not a live price. Prev close 52.69 · day 51.36–54.79 · 52w 29.08–151.78 · market cap $708M · NYQ

## Key facts
- Last four reported quarters (through Jul 4, 2026): revenue $329M, net income $3.9M (1.2% margin), free cash flow -$7.5M (SEC filings).
- Valuation: P/E 179.4x (avg 48.9x at the last 3 fiscal year-ends).
- Earnings quality: non-operating income -$4.1M vs operating income $11.2M over the last four quarters; P/E excluding non-operating income ≈107.4x (estimate: non-operating income taxed at the company's 35% effective rate).
- 2 of 80 tracked superinvestors hold VPG (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (2 analysts), mean target USD 93.33 (range 77–105).
- Total return with dividends: 1Y +45.9% vs S&P 500 +13.4%; 5Y +56.2% vs S&P 500 +76.9%.
- Next earnings: 2026-11-04, EPS estimate USD 0.16, revenue estimate $86.5M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $318M | $363M | $355M | $307M | $307M | $329M |
| Gross profit | $125M | $150M | $150M | $126M | $119M | — |
| Operating income | $27.4M | $43.8M | $42.0M | $16.9M | $13.8M | $11.2M |
| Net income | $20.2M | $36.1M | $25.7M | $9.9M | $5.3M | $3.9M |
| EPS (diluted) | $1.48 | $2.63 | $1.88 | $0.74 | $0.40 | — |
| Free cash flow | $16.5M | $11.7M | $30.7M | $10.7M | $6.4M | -$7.5M |
| Gross margin | 39.4% | 41.3% | 42.3% | 41.0% | 38.9% | — |
| Operating margin | 8.6% | 12.1% | 11.8% | 5.5% | 4.5% | 3.4% |
| Net margin | 6.4% | 9.9% | 7.2% | 3.2% | 1.7% | 1.2% |
| Revenue growth | +17.8% | +14.0% | -2.1% | -13.7% | +0.2% | — |
| Cash + short-term investments | $84.3M | $88.6M | — | $79.3M | $87.4M | — |
| Total debt | $60.7M | $60.8M | $31.9M | $31.4M | $20.6M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 4, 2026)
P/E 179.4x · P/E ex non-operating (est.) ≈107.4x · P/S 2.2x · P/B 2.1x · FCF yield -1.05% · Earnings yield 0.56%
P/E at fiscal year-ends: Dec 2025 96.8x, Dec 2024 31.7x, Dec 2023 18.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
2 of 80 tracked investors hold VPG. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Polen Capital | Polen Capital Management | 0.04% | $4.9M | Added +35.0% |
| First Eagle Investment | First Eagle Investment Management | 0.02% | $10.3M | Reduced -4.8% |

## Analysts
Consensus Buy (mean 2.00 on a 1–5 scale), 2 analysts; mean target USD 93.33 (low 77, high 105).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-08-06 | B. Riley Securities | Target lowered | Buy | $109 → $105 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +45.9% | +56.2% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | +46.1% | +9.3% |
| Volatility (annualized) | 84.4% | 47.4% |
| Max drawdown | -64.8% (Jun 2026→Oct 2026) | -62.3% (Jun 2026→Oct 2026) |

## Peers (Scientific & Technical Instruments)
MLAB (Mesa Laboratories, Inc.) USD 128.66 -0.34% · ITRN (Ituran Location and Control Ltd) USD 50.52 +0.30% · ITRI (Itron, Inc.) USD 87.65 -0.59% · BMI (Badger Meter, Inc.) USD 151.24 +1.07% · VNT (Vontier Corporation) USD 34.36 -0.52% · NOVT (Novanta Inc.) USD 140.8 +3.03%

## More
Full page: https://nexqual.com/VPG · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in VPG's own 10-K filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1487952/000143774926005982/vpg20251231_10k.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | VISHAY INTERTECHNOLOGY INC (VSH) | "Finally, Vishay Intertechnology will have the right to terminate the license agreement, in certain extreme circumstances, if we are in material and repeated breach of the terms of the agreement, which would likely have a…" |

## Revenue by business segment (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Sensors | $33.4M | 39.8% | +25.8% |
| Weighing Solutions | $30.3M | 36.2% | +3.1% |
| Measurement Systems | $20.2M | 24.0% | +5.2% |
| Total revenue | $83.9M | 100% | — |

## Revenue by region (quarter ended 2026-07-04)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $36.7M | 43.7% | +2.1% |
| Europe | $25.6M | 30.5% | +18.0% |
| Asia | $15.0M | 17.9% | +53.7% |
| Israel | $4.1M | 4.9% | +12.4% |
| Canada | $2.6M | 3.0% | -38.0% |
| Total revenue | $83.9M | 100% | — |

## Company outlook (8-K filed 2026-08-05)

- "Outlook "For the third fiscal quarter of 2026 at constant second fiscal quarter 2026 foreign currency exchange rates, despite seasonal impacts in our European operations, we expect net revenues to be in the range of $84 million to $89 million."
- "Our guidance excludes third-quarter tariff refunds to customers which have no impact on profits," said Mr."

Analysts expect $86.5M for the current quarter, -0.0% vs the guidance midpoint $86.5M. Source: https://www.sec.gov/Archives/edgar/data/1487952/000143774926025779/ex_962771.htm

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.16 | $0.33 | -50.0% | $86.5M | 3 |
| Next quarter (ends 2026-12-31) | $0.29 | $0.42 | -30.4% | $89.6M | 3 |
| Current fiscal year (ends 2026-12-31) | $0.57 | $1.01 | -43.7% | $344.3M | 3 |
| Next fiscal year (ends 2027-12-31) | $1.79 | $1.81 | -1.1% | $370.8M | 3 |