TacticScaleWhat Rogers Does & How It Makes Money (ROG)
Updated October 2026 · reflects Rogers's latest reported financials
Maker of engineered materials for electronics, EVs and industrial uses. Rogers sells engineered materials and components to manufacturers in markets such as EVs, automotive, wireless infrastructure, aerospace and industrial, under well-known trade names like RO4000, curamik and PORON.
How Rogers makes money
Rogers sells engineered materials and components to manufacturers in markets such as EVs, automotive, wireless infrastructure, aerospace and industrial, under well-known trade names like RO4000, curamik and PORON. Revenue comes from two main segments: Advanced Electronics Solutions and Elastomeric Material Solutions.
What Rogers does
Rogers Corporation, founded in 1832 and headquartered in Chandler, Arizona, makes engineered materials and components used inside other manufacturers' products. Its Advanced Electronics Solutions (AES) segment supplies circuit materials, ceramic substrates, busbars and cooling solutions for electric and hybrid vehicles, automotive, aerospace and defense, renewable energy, wireless and wired infrastructure, mass transit, industrial and connected devices, under brands including RO4000, RO3000, RT/duroid, curamik and ROLINX. Its Elastomeric Material Solutions (EMS) segment makes polyurethane, silicone, PTFE and ultra-high molecular weight polyethylene materials for cushioning, gasketing, sealing, vibration management, thermal management, electrical insulation and wire and cable protection, sold as PORON, BISCO, DeWAL, ARLON, eSorba and XRD, among others. A smaller Other segment offers ENDUR elastomer components and NITROPHYL floats used for level sensing in fuel and storage tanks. Rogers sells across the Americas, Asia Pacific (notably China), Germany and the rest of Europe, the Middle East and Africa.
Products & services
- RO4000 / RO3000 / RT/duroid circuit materials
- curamik ceramic substrates
- ROLINX busbars
- PORON polyurethane foams
- BISCO silicone materials
- ARLON and DeWAL engineered materials
What is Rogers worth?
On an owner-earnings DCF, Rogers's most-likely value is about $85 versus a recent price near $147 (42% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$50) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.
Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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