ROG
Rogers Corporation
$146.46
Stable Earnings Power
40%
P/Adj-EPS × Normalized Multiple
Strong
·
Conviction
Overvalued
Trading 217.8% above fair value
You pay
$146.46
Bear
$36.86
Fair
$46.08
Bull
$55.30
Bear
$36.86
-74.8%
$3.07 × 12x P/E
Fair
$46.08
-68.5%
$3.07 × 15x P/E
Bull
$55.30
-62.2%
$3.07 × 18x P/E
Adjust Assumptions
15.0x
3.07$
Key Value Driver
Normalized P/E multiple (15x base case)
Implied Market Multiple
47.7x
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above.
Average Target (13 analysts)
$150.00
Divergence from AlphaVal
69%
Summary
Applying a 15x P/E to adjusted EPS of $3.07, the base-case value is $46.08 per share.
Warnings
Wall Street's average price target is $150.00 (from 13 analysts). Our estimate is 69% below the consensus -- consider that gap carefully.
Key Risks
- Growth DCF inappropriate — terminal value assumptions dominate
- EV/EBITDA misleading for regulated businesses where capex is mandated
- Regulatory risk is a fat tail not visible in normal multiples