VIAVI SOLUTIONS INC (VIAV) Fundamental Analysis & Valuation

NASDAQ:VIAV • US9255501051

30.12 USD
+0.36 (+1.21%)
Last: Mar 13, 2026, 01:16 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This VIAV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to VIAV. VIAV was compared to 48 industry peers in the Communications Equipment industry. VIAV has only an average score on both its financial health and profitability. While showing a medium growth rate, VIAV is valued expensive at the moment.


Dividend Valuation Growth Profitability Health

4

1. VIAV Profitability Analysis

1.1 Basic Checks

  • In the past year VIAV was profitable.
  • In the past year VIAV had a positive cash flow from operations.
  • VIAV had positive earnings in 4 of the past 5 years.
  • In the past 5 years VIAV always reported a positive cash flow from operatings.
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

  • VIAV has a Return On Assets (-1.51%) which is in line with its industry peers.
  • With a Return On Equity value of -5.03%, VIAV perfoms like the industry average, outperforming 47.92% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 1.45%, VIAV is in line with its industry, outperforming 54.17% of the companies in the same industry.
  • VIAV had an Average Return On Invested Capital over the past 3 years of 3.35%. This is significantly below the industry average of 10.40%.
Industry RankSector Rank
ROA -1.51%
ROE -5.03%
ROIC 1.45%
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

  • VIAV's Profit Margin has declined in the last couple of years.
  • VIAV's Operating Margin of 3.37% is fine compared to the rest of the industry. VIAV outperforms 60.42% of its industry peers.
  • In the last couple of years the Operating Margin of VIAV has declined.
  • VIAV has a better Gross Margin (56.59%) than 75.00% of its industry peers.
  • VIAV's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 3.37%
PM (TTM) N/A
GM 56.59%
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

4

2. VIAV Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VIAV is destroying value.
  • VIAV has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for VIAV has been reduced compared to 5 years ago.
  • 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 -32.18. This is a bad value and indicates that VIAV is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of -32.18, VIAV is doing worse than 85.42% of the companies in the same industry.
  • The Debt to FCF ratio of VIAV is 16.40, which is on the high side as it means it would take VIAV, 16.40 years of fcf income to pay off all of its debts.
  • VIAV has a Debt to FCF ratio (16.40) which is comparable to the rest of the industry.
  • VIAV has a Debt/Equity ratio of 1.48. This is a high value indicating a heavy dependency on external financing.
  • VIAV's Debt to Equity ratio of 1.48 is on the low side compared to the rest of the industry. VIAV is outperformed by 85.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 16.4
Altman-Z -32.18
ROIC/WACC0.15
WACC9.51%
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

  • A Current Ratio of 2.61 indicates that VIAV has no problem at all paying its short term obligations.
  • VIAV's Current ratio of 2.61 is fine compared to the rest of the industry. VIAV outperforms 66.67% of its industry peers.
  • VIAV has a Quick Ratio of 2.32. This indicates that VIAV is financially healthy and has no problem in meeting its short term obligations.
  • The Quick ratio of VIAV (2.32) is better than 79.17% of its industry peers.
Industry RankSector Rank
Current Ratio 2.61
Quick Ratio 2.32
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. VIAV Growth Analysis

3.1 Past

  • VIAV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 96.97%, which is quite impressive.
  • The Earnings Per Share has been decreasing by -8.43% on average over the past years.
  • The Revenue has grown by 23.51% in the past year. This is a very strong growth!
  • 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.
  • VIAV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.63% yearly.
EPS Next Y81.58%
EPS Next 2Y47.89%
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

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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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3

4. VIAV Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 46.34, which means the current valuation is very expensive for VIAV.
  • Compared to the rest of the industry, the Price/Earnings ratio of VIAV is on the same level as its industry peers.
  • VIAV is valuated expensively when we compare the Price/Earnings ratio to 25.71, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 29.30 indicates a quite expensive valuation of VIAV.
  • VIAV's Price/Forward Earnings is on the same level as the industry average.
  • VIAV is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.82, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 46.34
Fwd PE 29.3
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.
  • 62.50% of the companies in the same industry are cheaper than VIAV, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 88.56
EV/EBITDA 60.03
VIAV Per share dataVIAV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

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)0.57
PEG (5Y)N/A
EPS Next 2Y47.89%
EPS Next 3Y38.91%

More info and screens

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

0

5. VIAV Dividend Analysis

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

VIAV Fundamentals: All Metrics, Ratios and Statistics

VIAVI SOLUTIONS INC

NASDAQ:VIAV (3/13/2026, 1:16:10 PM)

30.12

+0.36 (+1.21%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-28
Earnings (Next)04-29
Inst Owners100.27%
Inst Owner Change-2.43%
Ins Owners1.3%
Ins Owner Change-13.01%
Market Cap6.97B
Revenue(TTM)1.24B
Net Income(TTM)-42.00M
Analysts84
Price Target26.59 (-11.72%)
Short Float %5.01%
Short Ratio2.43
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)13.45%
Min EPS beat(2)11.29%
Max EPS beat(2)15.61%
EPS beat(4)4
Avg EPS beat(4)15.36%
Min EPS beat(4)10.7%
Max EPS beat(4)23.84%
EPS beat(8)6
Avg EPS beat(8)10.3%
EPS beat(12)8
Avg EPS beat(12)9.04%
EPS beat(16)11
Avg EPS beat(16)8.59%
Revenue beat(2)0
Avg Revenue beat(2)-0.63%
Min Revenue beat(2)-0.88%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-0.61%
Min Revenue beat(4)-1.03%
Max Revenue beat(4)-0.13%
Revenue beat(8)1
Avg Revenue beat(8)-0.96%
Revenue beat(12)2
Avg Revenue beat(12)-0.95%
Revenue beat(16)5
Avg Revenue beat(16)-0.8%
PT rev (1m)0%
PT rev (3m)41.47%
EPS NQ rev (1m)-0.08%
EPS NQ rev (3m)50.72%
EPS NY rev (1m)0.05%
EPS NY rev (3m)24.37%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)11.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.73%
Valuation
Industry RankSector Rank
PE 46.34
Fwd PE 29.3
P/S 5.6
P/FCF 88.56
P/OCF 66.31
P/B 8.35
P/tB N/A
EV/EBITDA 60.03
EPS(TTM)0.65
EY2.16%
EPS(NY)1.03
Fwd EY3.41%
FCF(TTM)0.34
FCFY1.13%
OCF(TTM)0.45
OCFY1.51%
SpS5.37
BVpS3.61
TBVpS-1.25
PEG (NY)0.57
PEG (5Y)N/A
Graham Number7.26
Profitability
Industry RankSector Rank
ROA -1.51%
ROE -5.03%
ROCE 1.83%
ROIC 1.45%
ROICexc 2.18%
ROICexgc 8.32%
OM 3.37%
PM (TTM) N/A
GM 56.59%
FCFM 6.33%
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-Score4
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 16.4
Debt/EBITDA 10.03
Cap/Depr 32.39%
Cap/Sales 2.12%
Interest Coverage 250
Cash Conversion 85.17%
Profit Quality N/A
Current Ratio 2.61
Quick Ratio 2.32
Altman-Z -32.18
F-Score4
WACC9.51%
ROIC/WACC0.15
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 Y81.58%
EPS Next 2Y47.89%
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 1Y31.76%
EBIT growth 3Y-31.98%
EBIT growth 5Y-13.7%
EBIT Next Year109.2%
EBIT Next 3Y41.61%
EBIT Next 5YN/A
FCF growth 1Y-3.2%
FCF growth 3Y-16.26%
FCF growth 5Y-9.78%
OCF growth 1Y-6.16%
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 46.34 and the Price/Book (PB) ratio is 8.35.


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 81.58% in the next year.