Vishay Precision Group, Inc. (VPG) Stock Price & How to Invest
Last updated July 2026
Short answer
Vishay Precision Group is a small-cap US maker of precision foil resistors, strain gages, load cells and industrial measurement systems, listed on the NYSE and available through any ordinary brokerage. The interesting part is the gap between the order book, which is at a record in the Sensors segment, and reported profit, which is thin enough that the trailing multiple looks nothing like the growth story.
VPG stock price
As of 2026-08-25, Vishay Precision Group, Inc. (VPG) last closed at $64.45, up 126.4% over the past year. Over the past 52 weeks it has traded between $27.98 and $149.91.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Vishay Precision Group, Inc.'s investor relations page. Walnut is informational, not investment advice.
What does Vishay Precision Group, Inc. (VPG) do?
Vishay Precision Group was spun out of Vishay Intertechnology in 2010 and sells the parts other companies build their measurements on. The Sensors segment makes bulk metal foil resistors (VFR, Alpha Electronics, Powertron, APR) and precision strain gages under the Micro-Measurements brand, and produced ~$33.4 million of revenue in Q2 2026. Weighing Solutions supplies load cells, transducers and onboard vehicle weighing through VPG Transducers, BLH Nobel, Stress-Tek, Celtron and Vulcan, at ~$30.3 million. Measurement Systems is the smallest and by far the most profitable of the three at ~$20.2 million on a ~52.5% gross margin, covering KELK strip gauges for steel mills, DSI, Pacific Instruments and the DTS crash-test data recorders. End markets run from industrial and steel through test and measurement, agriculture and medical to avionics, defense and space.
The investment picture is a widening gap between orders and earnings. Consolidated bookings reached ~$95.5 million in Q2 2026 for a ~1.14 book-to-bill, the seventh straight quarter at or above parity, and Sensors alone booked a record ~$48.1 million on AI infrastructure, semiconductor capital equipment and fiber optic demand. Profit did not follow. Adjusted EPS came in at ~$0.04 against a ~$0.11 consensus, held down by a ~$3.3 million year-over-year currency drag, hiring and material costs tied to a capacity expansion, and a soft global steel market that pushed KELK orders lower. With ~$858 million of market value against ~$329 million of trailing revenue and a trailing P/E near 150, the price already assumes the backlog converts and margins come back.
What's driving Vishay Precision Group, Inc. (VPG)?
1. Record Sensors bookings on AI infrastructure
Sensors booked ~$48.1 million in Q2 2026, up ~62% from a year earlier, for a ~1.44 book-to-bill that is the highest the segment has recorded. Semiconductor capital equipment makers and data center infrastructure suppliers drove most of it, alongside long-haul fiber optic transmission gear. A foil resistor is a small line item inside those systems and is specified by tolerance and temperature stability, which is why the demand tends to stay put once a design is qualified.
2. The humanoid robotics vendor nomination
Management disclosed an official vendor nomination from a first humanoid robotics customer, with that program expected to scale from tens of units per week toward hundreds and possibly thousands by the end of 2026. VPG counts roughly 150 potential humanoid manufacturers and says it is in discussions with a third and fourth customer. Volumes remain small against a ~$329 million revenue base, so the near-term effect shows up in capacity planning rather than in the income statement.
3. Avionics, defense and space
Demand across avionics, military and space stayed firm through the quarter and helped carry Sensors bookings alongside test and measurement. These are qualification-heavy applications with multi-year design cycles, which suits a supplier competing on precision rather than on price. Defense spending in the US and Europe has kept this end market steadier than the industrial half of the portfolio.
4. Operating leverage once the capacity build is absorbed
Adjusted operating margin was ~1.7% in Q2 2026 on a ~38.6% gross margin, compressed by currency, higher material costs and wages for precision resistor capacity added ahead of demand. Capital spending is guided to ~$10 million to ~$12 million for 2026, with about half of it already spent in the first half. If bookings convert anywhere near the current pace, the cost base is largely in place, and the open question is how much incremental revenue reaches the bottom line.
What are the risks to Vishay Precision Group, Inc. (VPG)?
Currency is the largest single swing factor right now: a ~$3.3 million year-over-year hit to operating profit in one quarter is heavy against a company that generated ~$5.5 million of adjusted EBITDA in the same period. The global steel market has stayed weak, and KELK also pushed roughly $3 million of revenue out of the quarter after supply chain problems from a new ERP rollout, leaving Measurement Systems orders down ~22% sequentially. Weighing Solutions ran a book-to-bill below parity at ~0.94 on softer industrial demand, so two of three segments were shrinking backlog while Sensors expanded it. The humanoid robotics ramp rests on a customer forecast rather than a firm contract, and forecasts at this stage of an industry move a great deal. Valuation leaves little slack for any of it: near 150 times trailing earnings and roughly 30 times EV to EBITDA, a slow conversion of the order book becomes a repricing rather than a rounding error.
What is the Vishay Precision Group, Inc. (VPG) forecast?
3 analysts publish price targets on VPG, averaging $93.33 against a $64.45 price as of August 2026, or +44.8%. The published targets run from $77.00 to $105.00, a moderate spread, and the ratings split 2 buy, 0 hold, 0 sell. Over the last six months there have been 2 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full VPG forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is VPG a buy or a sell?
We give no verdict on Vishay Precision Group, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. Record Sensors bookings on AI infrastructure. Sensors booked ~$48.1 million in Q2 2026, up ~62% from a year earlier, for a ~1.44 book-to-bill that is the highest the segment has recorded. The most optimistic published target, $105.00, assumes this works close to its best case.
The case against. Currency is the largest single swing factor right now: a ~$3.3 million year-over-year hit to operating profit in one quarter is heavy against a company that generated ~$5.5 million of adjusted EBITDA in the same period. The most pessimistic target, $77.00, is roughly what VPG is worth if this bites instead.
Read the full bull and bear case on VPG, including what would have to change to break either one. Walnut is not an investment adviser.
How is Vishay Precision Group, Inc. (VPG) valued? (approximate, August 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Vishay Precision Group, Inc.'s investor relations page or your broker.
- Revenue (TTM): ~$329 million
- Q2 2026 revenue: ~$83.9 million, up ~12% year over year
- Book-to-bill (Q2 2026): ~1.14 consolidated, ~1.44 in Sensors
- Adjusted EBITDA (Q2 2026): ~$5.5 million, with adjusted EPS of ~$0.04
- Market cap: ~$858 million at ~$64 per share
- Net cash: ~$60 million (~$75.7M cash against ~$15.6M long-term debt)
VPG is priced on expected earnings power rather than on trailing earnings. The trailing P/E sits near 150 and enterprise value is around 30 times EBITDA, both describing a company earning far below what its revenue base would support at more normal margins. A net cash position of roughly $60 million gives management room to keep funding capacity without leaning on the balance sheet, and no dividend is paid.
Who competes with Vishay Precision Group, Inc. (VPG)?
Precision resistor and strain gage suppliers
Vishay Intertechnology, its former parent, plus KOA, Susumu, Bourns and TE Connectivity compete in precision and thin film resistors, while Kyowa and HBK (part of Spectris) compete in strain gages. VPG's bulk metal foil parts sit at the tight end of tolerance and temperature stability, a narrower and higher-priced niche than general-purpose passive components.
Weighing and load cell manufacturers
Mettler-Toledo, HBK, Flintec and Chinese producers such as Zemic and Keli sell load cells and weighing modules into overlapping industrial, process and transportation applications. Price competition from Asian suppliers is persistent at the commodity end, so Weighing Solutions leans on onboard vehicle weighing, harsh-environment designs and OEM-specified programs.
Industrial test and process measurement systems
KELK's steel mill gauges run up against IMS Messsysteme and ABB, while Pacific Instruments and DTS face Spectris, Kistler and the data acquisition business Emerson picked up with National Instruments. Sales here are project-driven and tied to steel mill and automotive safety capital budgets rather than to unit shipments.
What stocks are similar to Vishay Precision Group, Inc. (VPG)?
Other names that sit close to VPG: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in Vishay Precision Group, Inc. (VPG)
There are three common ways to get VPG exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so VPG sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where VPG fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Vishay Precision Group, Inc. (VPG)
VPG is an order book and a margin recovery priced as though both have already arrived.
More on Vishay Precision Group, Inc. (VPG)
Whether VPG is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is VPG a buy or a sell?, and where the stock could go from here in the VPG stock forecast.
For income investors, whether VPG pays a dividend and how the payout looks is covered in does VPG pay a dividend? And to weigh VPG against a peer, read the full side-by-side comparisons: VPG vs VSH and VPG vs TEL.
Wondering how VPG fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in Vishay Precision Group, Inc. with AI
Connect the broker you already use and ask Walnut's AI how VPG fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What does Vishay Precision Group actually make?
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Precision measurement components and the systems built from them. Sensors produces bulk metal foil resistors and strain gages, Weighing Solutions makes load cells and weighing modules, and Measurement Systems sells steel mill gauges (KELK), data acquisition instruments (Pacific Instruments) and crash-test data recorders (DTS). Revenue was roughly $329 million over the trailing twelve months.
Is VPG the same company as Vishay Intertechnology?
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No. VPG was spun off from Vishay Intertechnology in 2010 as a separate NYSE-listed company with its own board, management and financials. The two share a name and a founding-family history, and they overlap in some precision resistor applications, but they are independent businesses of very different size.
How do you invest in VPG?
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VPG shares trade on the NYSE and are available through any US brokerage that offers listed equities, including fractional shares at brokers that support them. Because a ~$858 million market cap moves more sharply than a diversified holding, some investors hold it as one position inside a broader industrial technology or precision manufacturing group. Walnut lets you place it inside a themed basket with a stated thesis and then track how the position performs against that thesis.
What is book-to-bill and why does VPG's matter?
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Book-to-bill compares orders received to revenue billed in the same period, so anything above 1.0 means backlog is growing. VPG posted ~1.14 consolidated in Q2 2026, its seventh consecutive quarter at or above 1.0, with Sensors at a record ~1.44 and Weighing Solutions below parity at ~0.94. For a components maker with long lead times, it is the earliest signal of whether the next few quarters of revenue are already spoken for.
Does VPG pay a dividend?
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No. VPG has no record of paying a common dividend and its yield is 0%. Cash has gone toward capital spending (~$10 million to ~$12 million guided for 2026), debt reduction (~$5 million repaid in Q2 2026) and, historically, occasional share repurchase authorizations. The stock is held for growth in the underlying business rather than for income.
How much does humanoid robotics matter to VPG today?
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Little in revenue and a great deal in narrative. The company has one confirmed vendor nomination and expects that customer's build rate to climb from tens of units per week toward hundreds or thousands by the end of 2026, with two more customers in discussion. Even the optimistic end of that range would be a modest share of a ~$329 million revenue base near term, though it is the stated reason capacity is being added now.
Why did Q2 2026 earnings fall short if revenue grew 12%?
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Three things compressed the middle of the income statement. Currency cost roughly $3.3 million of operating profit versus a year earlier, Sensors gross margin fell to ~31.5% on higher material costs and wages from capacity hiring, and KELK moved about $3 million of revenue out of the quarter after ERP-related supply chain problems. Adjusted EPS landed at ~$0.04 against a ~$0.11 consensus, on adjusted EBITDA of ~$5.5 million.
What are the main risks in holding VPG?
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Currency swings large enough to exceed a quarter of operating profit, a weak global steel market that holds back the highest-margin segment, industrial softness that pushed Weighing Solutions under a 1.0 book-to-bill, and a valuation near 150 times trailing earnings that presumes margins recover. Manufacturing is spread across the US, Israel, India, Canada and Asia, so tariffs and regional disruption are live variables. The order book is the strongest part of the case and also the part most exposed if customers push schedules out.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Vishay Precision Group, Inc.'s investor relations page or your broker before making investment decisions.