Varex Imaging Corp (VREX) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Varex Imaging Corp (VREX) stock forecast summary
Our AI ranks Varex Imaging Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Varex Imaging Corp is a small-cap company with a market capitalization of $775M. It ranks number 5 by market capitalization among the 11 Electronic Components, NEC issuers in our coverage with a current forecast.
For VREX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 57.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 44.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How VREX ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Varex Imaging Corp (VREX) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Electronic Components, NEC peers listed below that report each metric.
Valuation & Market
| Metric | VREX | Rank |
|---|---|---|
| Market Cap | $775M | 5/11 |
| P/E Ratio | 22.45x | 6/8 |
| P/B Ratio | 1.56x | 8/11 |
| EPS | $0.82 | – |
| Book Value/Share | $11.80 | – |
| Revenue/Share | $20.55 | – |
| FCF/Share | $-0.48 | – |
Profitability & Margins
| Metric | VREX | Rank |
|---|---|---|
| ROE | 4.5% | 6/8 |
| ROA | 2.0% | 6/8 |
| ROIC | 7.9% | 6/9 |
| Gross Margin | 34.3% | 7/9 |
| Operating Margin | 8.3% | 7/11 |
| Net Margin | 2.5% | 6/8 |
| EBT Margin | 3.2% | 7/11 |
| Tax Rate | 18.8% | – |
Financial Health
| Metric | VREX | Rank |
|---|---|---|
| Current Ratio | 3.38x | 6/11 |
| Quick Ratio | 1.53x | 7/10 |
| D/E Ratio | 1.19x | 6/11 |
| Financial Leverage | 2.22x | 6/10 |
| Interest Coverage | 3.7x | 6/10 |
| Working Capital | $446M | 4/11 |
Cash Flow
| Metric | VREX | Rank |
|---|---|---|
| Operating Cash Flow | $11M | 6/11 |
| Free Cash Flow | -$20M | 9/10 |
| Capital Spending | -$32M | 8/10 |
| OCF Growth YoY | -81.1% | 7/8 |
| FCF Growth YoY | -155.5% | 7/7 |
| FCF/Sales | -2.3% | 8/10 |
| CapEx/Sales | 3.6% | 8/10 |
Operational Efficiency
| Metric | VREX | Rank |
|---|---|---|
| Asset Turnover | 0.79x | 2/10 |
| Receivables Turnover | 6.0x | 5/11 |
| Inventory Turnover | 1.6x | 7/8 |
| Fixed Assets Turnover | 5.3x | 8/10 |
| Days Sales Outstanding | 61 days | 7/11 |
| Days Inventory | 223 days | 2/8 |
| Payables Period | 54 days | 5/9 |
| Cash Conversion Cycle | 230 days | 2/8 |
Income Statement
| Metric | VREX | Rank |
|---|---|---|
| Total Revenue | $865M | 3/11 |
| Operating Income | $72M | 4/11 |
| Net Income | $22M | 3/8 |
| R&D Expense | $91M | 3/8 |
| SG&A Expense | $133M | 4/9 |
| Cost of Goods Sold | $568M | 3/9 |
Dividend & Shareholder Information
| Metric | VREX | Rank |
|---|---|---|
| Shares Outstanding | 42M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $633M | 57.6% of assets |
| Cash & Short-term Investments | $99M | 9.0% of assets |
| Accounts Receivable | $145M | 13.2% of assets |
| Inventory | $347M | 31.6% of assets |
| Total Liabilities | $590M | 53.6% of assets |
| Short-term Debt | $104M | 9.4% of assets |
VREX quarterly financials and insider trading
Varex Imaging Corp (VREX) industry peers
Companies classified under the same SEC industry code as Varex Imaging Corp (Electronic Components, NEC): 11 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| VREX Varex Imaging Corp | ▼ | $775M |
| VRT Vertiv Holdings Co | ▶ | $79.47B |
| AEIS Advanced Energy Industries Inc | ▶ | $9.53B |
| VICR Vicor Corp | ▲ | $8.83B |
| PI Impinj Inc | ▲ | $5.36B |
| MPTI M-Tron Industries, Inc. | ▶ | $289M |
| ESP Espey Mfg & Electronics Corp | ▶ | $169M |
| LGL Lgl Group Inc | ▶ | $85M |
| NSYS Nortech Systems Inc | ▲ | $29M |
| MVIS Microvision, Inc. | ▼ | $27M |
| NEON Neonode Inc. | ▶ | $13M |
Where VREX sits on the market map
Varex Imaging Corp (VREX) stock news
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Varex Imaging Corp (VREX) stock forecast FAQ
What is the Varex Imaging Corp (VREX) stock forecast?
Our AI ranks Varex Imaging Corp outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Varex Imaging Corp stock predictions?
For VREX, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 57.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 44.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Varex Imaging Corp forecasts updated?
Varex Imaging Corp forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Varex Imaging Corp's industry peers?
11 issuers in our coverage, VREX included, share the SEC industry code Electronic Components, NEC. The largest are: Vertiv Holdings Co (VRT), Advanced Energy Industries Inc (AEIS), Vicor Corp (VICR), Impinj Inc (PI), M-Tron Industries, Inc. (MPTI), Espey Mfg & Electronics Corp (ESP).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.