VIAVI SOLUTIONS INC (VIAV) Stock Fundamental Analysis

NASDAQ:VIAV • US9255501051

26.5 USD
-0.4 (-1.49%)
At close: Feb 12, 2026
26.55 USD
+0.05 (+0.19%)
After Hours: 2/12/2026, 8:20:15 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Taking everything into account, VIAV scores 4 out of 10 in our fundamental rating. VIAV was compared to 48 industry peers in the Communications Equipment industry. There are concerns on the financial health of VIAV while its profitability can be described as average. VIAV is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • VIAV had positive earnings in the past year.
  • In the past year VIAV had a positive cash flow from operations.
  • Of the past 5 years VIAV 4 years were profitable.
  • VIAV had a positive operating cash flow in each of the past 5 years.
VIAV Yearly Net Income VS EBIT VS OCF VS FCFVIAV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • The Return On Assets of VIAV (0.73%) is comparable to the rest of the industry.
  • VIAV has a Return On Equity (2.10%) which is in line with its industry peers.
  • The Return On Invested Capital of VIAV (2.69%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for VIAV is significantly below the industry average of 11.29%.
Industry RankSector Rank
ROA 0.73%
ROE 2.1%
ROIC 2.69%
ROA(3y)0.55%
ROA(5y)1.19%
ROE(3y)1.46%
ROE(5y)3.1%
ROIC(3y)3.35%
ROIC(5y)5.84%
VIAV Yearly ROA, ROE, ROICVIAV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 1.33%, VIAV is in line with its industry, outperforming 56.25% of the companies in the same industry.
  • In the last couple of years the Profit Margin of VIAV has declined.
  • The Operating Margin of VIAV (4.72%) is better than 62.50% of its industry peers.
  • In the last couple of years the Operating Margin of VIAV has declined.
  • VIAV has a Gross Margin of 57.11%. This is in the better half of the industry: VIAV outperforms 77.08% of its industry peers.
  • In the last couple of years the Gross Margin of VIAV has remained more or less at the same level.
Industry RankSector Rank
OM 4.72%
PM (TTM) 1.33%
GM 57.11%
OM growth 3Y-27.88%
OM growth 5Y-12.89%
PM growth 3Y38.83%
PM growth 5Y-5.74%
GM growth 3Y-1.45%
GM growth 5Y-0.44%
VIAV Yearly Profit, Operating, Gross MarginsVIAV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VIAV is destroying value.
  • VIAV has more shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, VIAV has less shares outstanding
  • Compared to 1 year ago, VIAV has an improved debt to assets ratio.
VIAV Yearly Shares OutstandingVIAV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
VIAV Yearly Total Debt VS Total AssetsVIAV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • VIAV has an Altman-Z score of -43.28. This is a bad value and indicates that VIAV is not financially healthy and even has some risk of bankruptcy.
  • VIAV's Altman-Z score of -43.28 is on the low side compared to the rest of the industry. VIAV is outperformed by 85.42% of its industry peers.
  • The Debt to FCF ratio of VIAV is 10.31, which is on the high side as it means it would take VIAV, 10.31 years of fcf income to pay off all of its debts.
  • VIAV's Debt to FCF ratio of 10.31 is in line compared to the rest of the industry. VIAV outperforms 45.83% of its industry peers.
  • A Debt/Equity ratio of 0.91 indicates that VIAV is somewhat dependend on debt financing.
  • VIAV's Debt to Equity ratio of 0.91 is on the low side compared to the rest of the industry. VIAV is outperformed by 83.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF 10.31
Altman-Z -43.28
ROIC/WACC0.29
WACC9.18%
VIAV Yearly LT Debt VS Equity VS FCFVIAV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • VIAV has a Current Ratio of 1.99. This is a normal value and indicates that VIAV is financially healthy and should not expect problems in meeting its short term obligations.
  • VIAV has a Current ratio (1.99) which is in line with its industry peers.
  • VIAV has a Quick Ratio of 1.74. This is a normal value and indicates that VIAV is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.74, VIAV perfoms like the industry average, outperforming 58.33% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.99
Quick Ratio 1.74
VIAV Yearly Current Assets VS Current LiabilitesVIAV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 96.97% over the past year.
  • The Earnings Per Share has been decreasing by -8.43% on average over the past years.
  • Looking at the last year, VIAV shows a very strong growth in Revenue. The Revenue has grown by 23.51%.
  • VIAV shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -0.93% yearly.
EPS 1Y (TTM)96.97%
EPS 3Y-20.63%
EPS 5Y-8.43%
EPS Q2Q%69.23%
Revenue 1Y (TTM)23.51%
Revenue growth 3Y-5.68%
Revenue growth 5Y-0.93%
Sales Q2Q%36.37%

3.2 Future

  • VIAV is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.91% yearly.
  • Based on estimates for the next years, VIAV will show a quite strong growth in Revenue. The Revenue will grow by 16.63% on average per year.
EPS Next Y81.48%
EPS Next 2Y47.87%
EPS Next 3Y38.91%
EPS Next 5YN/A
Revenue Next Year35.82%
Revenue Next 2Y22.59%
Revenue Next 3Y16.63%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
VIAV Yearly Revenue VS EstimatesVIAV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
VIAV Yearly EPS VS EstimatesVIAV Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8 1

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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 40.77, which means the current valuation is very expensive for VIAV.
  • VIAV's Price/Earnings ratio is a bit cheaper when compared to the industry. VIAV is cheaper than 60.42% of the companies in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.67. VIAV is valued slightly more expensive when compared to this.
  • VIAV is valuated quite expensively with a Price/Forward Earnings ratio of 25.79.
  • The rest of the industry has a similar Price/Forward Earnings ratio as VIAV.
  • VIAV is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 27.69, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 40.77
Fwd PE 25.79
VIAV Price Earnings VS Forward Price EarningsVIAV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as VIAV.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of VIAV indicates a slightly more expensive valuation: VIAV is more expensive than 62.50% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 75.54
EV/EBITDA 51.85
VIAV Per share dataVIAV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 1 2 3 4 5

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • VIAV's earnings are expected to grow with 38.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.5
PEG (5Y)N/A
EPS Next 2Y47.87%
EPS Next 3Y38.91%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for VIAV!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

VIAVI SOLUTIONS INC

NASDAQ:VIAV (2/12/2026, 8:20:15 PM)

After market: 26.55 +0.05 (+0.19%)

26.5

-0.4 (-1.49%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-28
Earnings (Next)04-29
Inst Owners101.94%
Inst Owner Change-0.8%
Ins Owners1.57%
Ins Owner Change-1.77%
Market Cap5.91B
Revenue(TTM)1.24B
Net Income(TTM)15.20M
Analysts82.86
Price Target26.59 (0.34%)
Short Float %3.92%
Short Ratio2.07
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11%
Min EPS beat(2)10.7%
Max EPS beat(2)11.29%
EPS beat(4)4
Avg EPS beat(4)18.48%
Min EPS beat(4)10.7%
Max EPS beat(4)28.09%
EPS beat(8)6
Avg EPS beat(8)11.58%
EPS beat(12)8
Avg EPS beat(12)9.81%
EPS beat(16)11
Avg EPS beat(16)9.1%
Revenue beat(2)0
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.38%
Max Revenue beat(2)-0.13%
Revenue beat(4)1
Avg Revenue beat(4)0.14%
Min Revenue beat(4)-1.03%
Max Revenue beat(4)2.12%
Revenue beat(8)1
Avg Revenue beat(8)-0.93%
Revenue beat(12)3
Avg Revenue beat(12)-0.65%
Revenue beat(16)6
Avg Revenue beat(16)-0.65%
PT rev (1m)39.31%
PT rev (3m)78.92%
EPS NQ rev (1m)-0.76%
EPS NQ rev (3m)2.35%
EPS NY rev (1m)24.3%
EPS NY rev (3m)31.77%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)5.73%
Revenue NY rev (3m)5.73%
Valuation
Industry RankSector Rank
PE 40.77
Fwd PE 25.79
P/S 5.16
P/FCF 75.54
P/OCF 55.12
P/B 8.17
P/tB 704.14
EV/EBITDA 51.85
EPS(TTM)0.65
EY2.45%
EPS(NY)1.03
Fwd EY3.88%
FCF(TTM)0.35
FCFY1.32%
OCF(TTM)0.48
OCFY1.81%
SpS5.13
BVpS3.24
TBVpS0.04
PEG (NY)0.5
PEG (5Y)N/A
Graham Number6.89
Profitability
Industry RankSector Rank
ROA 0.73%
ROE 2.1%
ROCE 3.41%
ROIC 2.69%
ROICexc 4.11%
ROICexgc 13.19%
OM 4.72%
PM (TTM) 1.33%
GM 57.11%
FCFM 6.84%
ROA(3y)0.55%
ROA(5y)1.19%
ROE(3y)1.46%
ROE(5y)3.1%
ROIC(3y)3.35%
ROIC(5y)5.84%
ROICexc(3y)5%
ROICexc(5y)10.58%
ROICexgc(3y)13.16%
ROICexgc(5y)90.91%
ROCE(3y)4.24%
ROCE(5y)7.4%
ROICexgc growth 3Y-17.05%
ROICexgc growth 5Y-2.08%
ROICexc growth 3Y-33.9%
ROICexc growth 5Y-13.3%
OM growth 3Y-27.88%
OM growth 5Y-12.89%
PM growth 3Y38.83%
PM growth 5Y-5.74%
GM growth 3Y-1.45%
GM growth 5Y-0.44%
F-Score6
Asset Turnover0.55
Health
Industry RankSector Rank
Debt/Equity 0.91
Debt/FCF 10.31
Debt/EBITDA 5.43
Cap/Depr 43.41%
Cap/Sales 2.53%
Interest Coverage 250
Cash Conversion 88.82%
Profit Quality 515.13%
Current Ratio 1.99
Quick Ratio 1.74
Altman-Z -43.28
F-Score6
WACC9.18%
ROIC/WACC0.29
Cap/Depr(3y)50.36%
Cap/Depr(5y)59.63%
Cap/Sales(3y)3.04%
Cap/Sales(5y)3.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)96.97%
EPS 3Y-20.63%
EPS 5Y-8.43%
EPS Q2Q%69.23%
EPS Next Y81.48%
EPS Next 2Y47.87%
EPS Next 3Y38.91%
EPS Next 5YN/A
Revenue 1Y (TTM)23.51%
Revenue growth 3Y-5.68%
Revenue growth 5Y-0.93%
Sales Q2Q%36.37%
Revenue Next Year35.82%
Revenue Next 2Y22.59%
Revenue Next 3Y16.63%
Revenue Next 5YN/A
EBIT growth 1Y75.9%
EBIT growth 3Y-31.98%
EBIT growth 5Y-13.7%
EBIT Next Year79.24%
EBIT Next 3Y39.47%
EBIT Next 5YN/A
FCF growth 1Y-17.41%
FCF growth 3Y-16.26%
FCF growth 5Y-9.78%
OCF growth 1Y-22.13%
OCF growth 3Y-20.41%
OCF growth 5Y-7.91%

VIAVI SOLUTIONS INC / VIAV FAQ

What is the ChartMill fundamental rating of VIAVI SOLUTIONS INC (VIAV) stock?

ChartMill assigns a fundamental rating of 4 / 10 to VIAV.


What is the valuation status for VIAV stock?

ChartMill assigns a valuation rating of 3 / 10 to VIAVI SOLUTIONS INC (VIAV). This can be considered as Overvalued.


Can you provide the profitability details for VIAVI SOLUTIONS INC?

VIAVI SOLUTIONS INC (VIAV) has a profitability rating of 4 / 10.


Can you provide the PE and PB ratios for VIAV stock?

The Price/Earnings (PE) ratio for VIAVI SOLUTIONS INC (VIAV) is 40.77 and the Price/Book (PB) ratio is 8.17.


Can you provide the expected EPS growth for VIAV stock?

The Earnings per Share (EPS) of VIAVI SOLUTIONS INC (VIAV) is expected to grow by 81.48% in the next year.