Is It Too Late To Consider Cognex (CGNX) After Its Recent Share Price Surge?

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If you are wondering whether Cognex at around US$57.88 is priced for perfection or still offers value, this article will walk through what the current share price may be implying. The stock has ...

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The stock has ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/tech/nasdaq-cgnx/cognex/news/is-it-too-late-to-consider-cognex-cgnx-after-its-recent-shar\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is It Too Late To Consider Cognex (CGNX) After Its Recent Share Price Surge?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs It Too Late To Consider Cognex (CGNX) After Its Recent Share Price Surge?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-25 16:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/tech/nasdaq-cgnx/cognex/news/is-it-too-late-to-consider-cognex-cgnx-after-its-recent-shar><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you are wondering whether Cognex at around US$57.88 is priced for perfection or still offers value, this article will walk through what the current share price may be implying. The stock has ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/tech/nasdaq-cgnx/cognex/news/is-it-too-late-to-consider-cognex-cgnx-after-its-recent-shar\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4157","symbol_name":"电子设备和仪器","start_time":0,"source_url":"https://simplywall.st/stocks/us/tech/nasdaq-cgnx/cognex/news/is-it-too-late-to-consider-cognex-cgnx-after-its-recent-shar","article_id":"2614707994","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/company-cover/26658-main-header/1585188758405"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/tech/nasdaq-cgnx/cognex/news/is-it-too-late-to-consider-cognex-cgnx-after-its-recent-shar","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2614707994","pubTimestamp":1772008546,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"If you are wondering whether Cognex at around US$57.88 is priced for perfection or still offers value, this article will walk through what the current share price may be implying.\nThe stock has returned 1.4% over the past week, 45.6% over the last 30 days, 56.7% year to date, 78.0% over 1 year and 24.9% over 3 years, while the 5 year return sits at a 27.9% decline. This gives a mixed picture for anyone thinking about new money going in today.\nRecent coverage of Cognex has focused on its role...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4157":"电子设备和仪器","CGNX":"康耐视科技","DCF":"Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc"},"translate_title":"康耐视（CGNX）近期股价飙升后，现在考虑是否为时已晚？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DCF":1,"CGNX":1.5},"content_text":"If you are wondering whether Cognex at around US$57.88 is priced for perfection or still offers value, this article will walk through what the current share price may be implying. The stock has returned 1.4% over the past week, 45.6% over the last 30 days, 56.7% year to date, 78.0% over 1 year and 24.9% over 3 years, while the 5 year return sits at a 27.9% decline. This gives a mixed picture for anyone thinking about new money going in today. Recent coverage of Cognex has focused on its role in machine vision and factory automation, as investors look for companies that may benefit from long term trends in industrial automation and quality control. This context helps frame the recent share price moves as part of a broader reassessment of how such businesses might fit into portfolios. Even after this strong run, Cognex currently scores 0 out of 6 on our valuation checklist. Next we will look at how different methods like DCF, multiples and peer comparisons line up, before finishing with a more holistic way to think about what the market might be pricing in.  Cognex scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown. AdvertisementApproach 1: Cognex Discounted Cash Flow (DCF) Analysis A Discounted Cash Flow, or DCF, model takes projected future cash flows and discounts them back to today to estimate what the entire business might be worth in present value terms. For Cognex, the model uses a 2 stage Free Cash Flow to Equity approach. The latest twelve month free cash flow is about $228.5 million. Analysts have specific estimates out to 2029, with projected free cash flow of $380.0 million in that year. Beyond the explicit analyst horizon, Simply Wall St extrapolates further cash flows through to 2035, with each future cash flow discounted back to today using a required return. When all those discounted cash flows are added together, the model arrives at an estimated intrinsic value of about $46.05 per share. Compared with the current share price of around $57.88, the DCF output implies that Cognex is about 25.7% overvalued on this set of assumptions. Result: OVERVALUED Our Discounted Cash Flow (DCF) analysis suggests Cognex may be overvalued by 25.7%. Discover 51 high quality undervalued stocks or create your own screener to find better value opportunities. CGNX Discounted Cash Flow as at Feb 2026 Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Cognex. Approach 2: Cognex Price vs Earnings For profitable companies, the P/E ratio is often a useful shorthand because it links what you pay directly to the earnings the business is currently generating. Investors usually accept a higher P/E when they expect stronger earnings growth or see the business as lower risk, while slower growth or higher risk tends to justify a lower multiple. Cognex currently trades on a P/E of 83.81x. That sits well above the Electronic industry average of 28.02x and also above the peer group average of 54.55x, so the market is paying a premium compared with both the wider industry and closer comparables. Simply Wall St’s Fair Ratio for Cognex is 37.09x. This is a proprietary estimate of what a more appropriate P/E might be, based on factors such as earnings growth, profit margins, industry, market cap and the company’s risk profile. Because it blends these drivers into a single number, the Fair Ratio can give a more tailored view than simple comparisons to industry or peer averages. Setting the Fair Ratio of 37.09x against the current P/E of 83.81x suggests Cognex is priced materially above what these fundamentals might support. Result: OVERVALUED NasdaqGS:CGNX P/E Ratio as at Feb 2026 P/E ratios tell one story, but what if the real opportunity lies elsewhere? Start investing in legacies, not executives. Discover our 22 top founder-led companies. Upgrade Your Decision Making: Choose your Cognex Narrative Earlier we mentioned that there is an even better way to understand valuation. On Simply Wall St you can use Narratives, which let you set out your own story for Cognex, connect that story to explicit forecasts for revenue, earnings and margins, and see a fair value that updates automatically as new news or earnings land. You can then compare that live fair value with the current price to decide whether you see Cognex closer to the more optimistic view at about US$60.96 per share or the more cautious view at about US$36.62 per share, all within an easy Community page that shows how your assumptions line up with other investors. For Cognex however we will make it really easy for you with previews of two leading Cognex Narratives: First up is the more optimistic take, which leans on cost discipline, automation demand, and buybacks as key pillars. 🐂 Cognex Bull Case Fair value in this narrative: US$60.55 per share Implied pricing vs that fair value at the current US$57.88 share price: about 4.4% below the narrative fair value Assumed revenue growth: 8.96% a year  Sees Cognex benefiting from wider use of AI powered vision, a broader mix of end markets like logistics and packaging, and ongoing R&D and product roadmap investment to support pricing power and margins. Builds in the impact of sales force changes, efforts to reach smaller and mid size manufacturers, and company wide cost discipline to support higher net margins, strong free cash flow and ongoing capital returns such as buybacks. Anchors fair value on analysts expecting higher profit margins, a P/E of 41.32x on future earnings, and a discount rate of about 8.36%, with the resulting fair value estimate close to where some recent analyst target upgrades have landed.  Now look at the more cautious view, which focuses on macro pressures, competition and valuation discipline. 🐻 Cognex Bear Case Fair value in this narrative: US$36.62 per share Implied pricing vs that fair value at the current US$57.88 share price: about 58.1% above the narrative fair value Assumed revenue growth: 10.32% a year  Highlights risks from deglobalization, trade tensions and reliance on cyclical markets like electronics and automotive, which the authors see as sources of revenue and earnings volatility for Cognex. Points to rising competition from lower cost providers and commoditization of machine vision as a threat to premium pricing and margins, with concern that large customers could use their bargaining power to pressure volumes and prices. Applies a lower fair value of US$36.62 per share based on revenue assumptions, a P/E multiple of about 29.45x on future earnings, and a slightly higher discount rate of about 8.39%, leading to a view that the current share price embeds demanding expectations.  Seeing these side by side can help you decide which story feels closer to your own expectations for Cognex's end markets, margins and valuation, and whether the current price feels closer to the bull case or the bear case. Do you think there's more to the story for Cognex? Head over to our Community to see what others are saying! NasdaqGS:CGNX 1-Year Stock Price Chart  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: AI Stock Screener & AlertsOur new AI Stock Screener scans the market every day to uncover opportunities.• Dividend Powerhouses (3%+ Yield)• Undervalued Small Caps with Insider Buying• High growth Tech and AI CompaniesOr build your own from over 50 metrics.Explore Now for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}