Oxford Instruments plc (OXIG) Fair Value & Analysis
Technology · GB · Market cap 1.6B GBX
Fair value as of: Aug 13, 2026
From 23 valuation models · updated yesterday
Fair value updated Aug 13, 2026, revised from £15.50 to £16.67 (+7.5%) since Jul 18, 2026. Share price +2.7% over the past month.
A strong business, but screening 43% overvalued on our models.
What matters now
- A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
- The price sits above even our optimistic bull case (£22.40). The favourable scenario is already priced in.
- A fairly wide model range (£11.61 to £22.40) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range £14.73 – £32.81 · fair‑value band £11.61 – £22.40 · the £29.50 price screens above the £16.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Oxford Instruments plc (OXIG) currently trades at £29.50, while our model-based Fair Value estimate is £16.67, implying the stock looks roughly 43.5% overvalued today. The Quality Score stands at 76/100 (high quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, Oxford Instruments plc generated revenue of £482M at a net margin of 2.9%. Revenue declined 9.2% year over year. It earns a return on equity of 4.3%. The balance sheet holds a net cash position of £62.4M. Fundamentals as of Aug 13, 2026
Our scenario range runs from £11.61 (bear case) to £22.40 (bull case); at £29.50, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at -46% fair-value upside, at -43%, OXIG screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 23 models by family
Widest divergence: Growth Earnings (£19.63) versus Asset-Based (£4.14). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 69
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations in the United Kingdom and internationally. It operates through two segments: Imaging and Analysis and Advanced Technologies.
Full company description
Oxford Instruments plc provide scientific technology products and services for academic and commercial organizations in the United Kingdom and internationally. It operates through two segments: Imaging and Analysis and Advanced Technologies. The company offers atomic force, electron, light, and Raman microscopy; deposition tools comprising plasma enhanced chemical vapour deposition, inductively coupled plasma chemical vapour deposition, atomic layer deposition, and ion beam deposition systems; and etch tools, including inductively coupled plasma etching, reactive ion etching, deep silicon etching, atomic layer etching, and ion beam etching systems. It also provides low temperature systems, such as dilution refrigerators, high field magnets, and cryostats; optical imaging products, including cameras, confocal microscopy, and 3d and 4d visualization software; nuclear magnetic resonance (NMR) products comprising NMR spectrometers, TD-NMR research, QA/QC analyzers, and rock core analyzers; and X-Ray sources, tubes, and power supply products. Its products are used in various industries, such as advanced manufacturing, agriculture and food, astronomy, automotive and aerospace, bio imaging and life science, chemical and catalysis, energy generation and storage, forensics and environment, geology, petrology, mining, metals, alloys, composites, ceramics, pharma, photonics, polymers, quantum technologies, semiconductors, microelectronics, and data storage. In addition, the company offers contracts and agreements, spares, upgrades, training, application and product support, and live assist services. Oxford Instruments plc was founded in 1959 and is headquartered in Abingdon, the United Kingdom.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Oxford Instruments plc reported revenue of £423M in FY2026 versus £367M in FY2022, a compound +3.6%/yr. Reported net income was £48.2M in FY2026, compounding +5.7%/yr from FY2022.
OXIG screens 43% overvalued. Compare with Keysight Technologies, Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Oxford Instruments H2 Earnings Call Highlights
- How The Oxford Instruments (LSE:OXIG) Investment Story Is Shifting With New Analyst Valuations
- Oxford Instruments PLC (OXINF) (Half Year 2026) Earnings Call Highlights: Strong Order Growth ...
- Oxford Instruments (LON:OXIG) shareholders have endured a 10% loss from investing in the stock a year ago
Peer Group
Scientific & Technical Instruments · 169 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 40/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $354.50 | $107.22 | -70% |
| Garmin Ltd GRMN | $309.98 | $139.44 | -55% |
| Teledyne Technologies Incorporated TDY | $686.49 | $488.95 | -29% |
| Hexagon AB HEXAB | kr 95.06 | kr 73.99 | -22% |
| MKS Inc MKSI | $294.38 | $76.00 | -74% |
| AVIC Chengdu Aircraft Company 302132 | ¥57.89 | ¥34.47 | -40% |
| Fortive Corporation FTV | $61.54 | $33.48 | -46% |
| Trimble Inc TRMB | $57.98 | $34.12 | -41% |
| Cognex Corporation CGNX | $60.67 | $19.25 | -68% |
| Wuhan Guide Infrared Co 002414 | ¥13.99 | ¥4.50 | -68% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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