Laboratory Analytical Instruments stocks: intrinsic value, ROIC & growth
24 U.S. laboratory analytical instruments companies with at least three years of SEC filings, ranked by size. 4 of the 11 with a current price trade below their Graham intrinsic value. The median company earned a -7.5% average return on invested capital and grew revenue 9.9% a year.
Updated October 18, 2026
24companies
4below Graham value
-7.5%median 10-yr ROIC
9.9%median revenue CAGR
Most undervalued laboratory analytical instruments stocks
| Ticker | Company | Upside | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| BIO | BIO-RAD LABORATORIES, INC. | +162% | $353.70 | $925.06 | 62% below | $9.6B | 2.4% | 2.5% |
Highest-ROIC laboratory analytical instruments stocks
| Ticker | Company | 10-yr ROIC | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|---|
| MTD | Mettler Toledo | 41.1% | $1,622.29 | $888.82 | 83% above | $33.5B | 41.1% | 5.4% |
| WAT | Waters Corporation | 31.5% | $436.95 | $188.82 | 131% above | $26.1B | 31.5% | 4.3% |
| A | Agilent Technologies | 16.3% | $172.97 | $144.30 | 20% above | $49.3B | 16.3% | 5.8% |
| BRKR | BRUKER CORP | 16.2% | $54.80 | — | — | $8.3B | 16.2% | 8.8% |
| ILMN | ILLUMINA, INC. | 9.6% | $262.54 | $100.81 | 160% above | $41.0B | 9.6% | 9.9% |
| RVTY | Revvity | 7.4% | $152.64 | $19.25 | 693% above | $17.8B | 7.4% | 2.8% |
| AVTR | Avantor, Inc. | 6.8% | $16.42 | $34.54 | 52% below | $11.2B | 6.8% | 23.0% |
| BIO | BIO-RAD LABORATORIES, INC. | 2.4% | $353.70 | $925.06 | 62% below | $9.6B | 2.4% | 2.5% |
All laboratory analytical instruments stocks
| Ticker | Company | Price | Graham value | Price vs value | Market cap | ROIC (10y) | Revenue CAGR |
|---|---|---|---|---|---|---|---|
| A | Agilent Technologies | $172.97 | $144.30 | 20% above | $49.3B | 16.3% | 5.8% |
| ILMN | ILLUMINA, INC. | $262.54 | $100.81 | 160% above | $41.0B | 9.6% | 9.9% |
| MTD | Mettler Toledo | $1,622.29 | $888.82 | 83% above | $33.5B | 41.1% | 5.4% |
| WAT | Waters Corporation | $436.95 | $188.82 | 131% above | $26.1B | 31.5% | 4.3% |
| RVTY | Revvity | $152.64 | $19.25 | 693% above | $17.8B | 7.4% | 2.8% |
| AVTR | Avantor, Inc. | $16.42 | $34.54 | 52% below | $11.2B | 6.8% | 23.0% |
| BIO | BIO-RAD LABORATORIES, INC. | $353.70 | $925.06 | 62% below | $9.6B | 2.4% | 2.5% |
| TXG | 10x Genomics, Inc. | $69.86 | — | — | $8.7B | -83.4% | 31.7% |
| BRKR | BRUKER CORP | $54.80 | — | — | $8.3B | 16.2% | 8.8% |
| CTKB | Cytek Biosciences, Inc. | $5.25 | $0.66 | 695% above | $670.7M | -11.8% | 16.8% |
| PACB | PACIFIC BIOSCIENCES OF CALIFORNIA, INC. | $1.73 | $3.16 | 45% below | $518.9M | -78.8% | 6.5% |
| MASS | 908 Devices Inc. | $11.26 | $17.94 | 37% below | $404.2M | -599.6% | 15.9% |
| HBIO | HARVARD BIOSCIENCE INC | $8.09 | — | — | $359.1M | -7.5% | -2.1% |
| NAUT | Nautilus Biotechnology, Inc. | $2.06 | — | — | $260.1M | -18.9% | — |
| BFNH | BIOFORCE NANOSCIENCES HOLDINGS, INC. | $6.99 | — | — | $232.1M | 11172.1% | 98.8% |
| SEER | Seer, Inc. | $2.03 | — | — | $129.6M | -30.1% | 90.8% |
| QTRX | Quanterix Corp | $2.87 | — | — | $122.4M | 3995.5% | 25.8% |
| PRPO | Precipio, Inc. | $21.38 | — | — | $34.3M | -122.6% | 34.1% |
| RPID | RAPID MICRO BIOSYSTEMS, INC. | $0.76 | — | — | $34.1M | -23.6% | 15.9% |
| LCTC | Lifeloc Technologies, Inc | $3.25 | $0.70 | 364% above | $8.9M | -4.7% | 0.8% |
| SCND | SCIENTIFIC INDUSTRIES INC | $0.68 | — | — | $7.8M | -24.7% | -6.9% |
| BNGO | Bionano Genomics, Inc. | $1.25 | — | — | $6.8M | -144.9% | 14.7% |
| ASTC | ASTROTECH Corp | $4.93 | — | — | — | -21.6% | -9.9% |
| EYPT | EyePoint, Inc. | $2.99 | — | — | $219.0K | -73.7% | 39.0% |
Stock lists
Undervalued Stocks Below Graham Intrinsic Value
Highest ROIC Stocks (10-Year Average)
Highest Free Cash Flow Yield Stocks
Fastest-Growing Stocks by 10-Year Revenue