Cognex Corp (CGNX)

Industrial Instruments For Measurement, Display, and Control

Latest Price

$60.65

TTM P/E

Normalized P/E

64.76

Div Yield

0.42%

Book Value

9.69

P/B Ratio

6.26

Valuation metrics

EPS: $0.68

Book value / share: $8.93

Formula: √(22.5 × EPS × BVPS)

Graham Number

$11.69

81% downside

Norm. op. income: $163M (median of 7yr)

Tax rate: 15%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$9.83

84% downside

Base FCF: $224M (median of recent 5yr)

Growth: 12%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$39.95

34% downside

EPS: $0.68

Target P/E: 65×

Formula: EPS × P/E

P/E Fair Value

$44.20

27% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	15.99M	$1.16B	9.51%	-250.3K	2026-06-30
Vanguard Portfolio Management LLC	10.10M	$731.0M	6.00%	-270.8K	2026-06-30
Invesco Ltd.	8.21M	$594.0M	4.88%	+5.22M	2026-06-30
Vanguard Capital Management LLC	7.51M	$543.0M	4.46%	+79.2K	2026-06-30
Price T Rowe Associates Inc	6.26M	$453.0M	3.72%	+1.52M	2026-06-30
Pictet Asset Management Holding SA	5.83M	$422.0M	3.47%	-843.2K	2026-06-30
Nordea Investment Management AB	5.82M	$407.0M	3.46%	-321.5K	2026-06-30
State Street Corp	5.42M	$392.0M	3.22%	+157.8K	2026-06-30
Geode Capital Management, LLC	4.92M	$356.0M	2.92%	+220.1K	2026-06-30
Arrowstreet Capital, Limited Partnership	2.98M	$215.0M	1.77%	+946.7K	2026-06-30