25.88 USD
+0.29 (+1.13%)
At close: Feb 3, 2026
26.41 USD
+0.53 (+2.05%)
After Hours: 2/3/2026, 4:08:17 PM
We assign a fundamental rating of 4 out of 10 to VIAV. 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.
1. Profitability
1.1 Basic Checks
- VIAV had positive earnings in the past year.
- VIAV had a positive operating cash flow in the past year.
- 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.
1.2 Ratios
- With a Return On Assets value of 0.73%, VIAV perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
- VIAV has a Return On Equity of 2.10%. This is in the better half of the industry: VIAV outperforms 60.42% of its industry peers.
- With a Return On Invested Capital value of 2.69%, VIAV perfoms like the industry average, outperforming 56.25% of the companies in the same industry.
- The Average Return On Invested Capital over the past 3 years for VIAV is significantly below the industry average of 12.16%.
| Industry Rank | Sector 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%
1.3 Margins
- VIAV has a Profit Margin of 1.33%. This is comparable to the rest of the industry: VIAV outperforms 58.33% of its industry peers.
- VIAV's Profit Margin has declined in the last couple of years.
- With a decent Operating Margin value of 4.72%, VIAV is doing good in the industry, outperforming 62.50% of the companies in the same industry.
- In the last couple of years the Operating Margin of VIAV has declined.
- VIAV's Gross Margin of 57.11% is fine compared to the rest of the industry. VIAV outperforms 77.08% of its industry peers.
- VIAV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VIAV is destroying value.
- The number of shares outstanding for VIAV has been increased compared to 1 year ago.
- Compared to 5 years ago, VIAV has less shares outstanding
- VIAV has a better debt/assets ratio than last year.
2.2 Solvency
- VIAV has an Altman-Z score of -43.41. 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 -43.41, VIAV is doing worse than 85.42% of the companies in the same industry.
- 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 43.75% 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 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.91 | ||
| Debt/FCF | 10.31 | ||
| Altman-Z | -43.41 |
ROIC/WACC0.28
WACC9.56%
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.
- Looking at the Current ratio, with a value of 1.99, VIAV is in line with its industry, outperforming 47.92% of the companies in the same industry.
- A Quick Ratio of 1.74 indicates that VIAV should not have too much problems paying its short term obligations.
- VIAV has a Quick ratio (1.74) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.99 | ||
| Quick Ratio | 1.74 |
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%.
- The Revenue has been decreasing by -0.93% on average over the past years.
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
- The Earnings Per Share is expected to grow by 37.20% on average over the next years. This is a very strong growth
- VIAV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.75% yearly.
EPS Next Y45.46%
EPS Next 2Y34.27%
EPS Next 3Y37.2%
EPS Next 5YN/A
Revenue Next Year28.45%
Revenue Next 2Y18.17%
Revenue Next 3Y15.75%
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.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 39.82, the valuation of VIAV can be described as expensive.
- 60.42% of the companies in the same industry are more expensive than VIAV, based on the Price/Earnings ratio.
- The average S&P500 Price/Earnings ratio is at 28.41. VIAV is valued slightly more expensive when compared to this.
- Based on the Price/Forward Earnings ratio of 30.54, the valuation of VIAV can be described as expensive.
- Based on the Price/Forward Earnings ratio, VIAV is valued a bit cheaper than 60.42% of the companies in the same industry.
- VIAV's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.82 | ||
| Fwd PE | 30.54 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VIAV is on the same level as its industry peers.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 73.77 | ||
| EV/EBITDA | 49.43 |
4.3 Compensation for Growth
- VIAV's 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 37.20% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.88
PEG (5Y)N/A
EPS Next 2Y34.27%
EPS Next 3Y37.2%
5. Dividend
5.1 Amount
- No dividends for VIAV!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
25.88
+0.29 (+1.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-28 2026-01-28/amc
Earnings (Next)04-29 2026-04-29/amc
Inst Owners101.94%
Inst Owner Change-1.05%
Ins Owners1.57%
Ins Owner Change5.5%
Market Cap5.78B
Revenue(TTM)1.24B
Net Income(TTM)15.20M
Analysts82.86
Price Target19.38 (-25.12%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)1.53%
PT rev (3m)30.39%
EPS NQ rev (1m)-0.76%
EPS NQ rev (3m)21.38%
EPS NY rev (1m)-0.37%
EPS NY rev (3m)15.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)21.02%
Revenue NY rev (1m)0%
Revenue NY rev (3m)16.11%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 39.82 | ||
| Fwd PE | 30.54 | ||
| P/S | 5.04 | ||
| P/FCF | 73.77 | ||
| P/OCF | 53.83 | ||
| P/B | 7.98 | ||
| P/tB | 687.67 | ||
| EV/EBITDA | 49.43 |
EPS(TTM)0.65
EY2.51%
EPS(NY)0.85
Fwd EY3.27%
FCF(TTM)0.35
FCFY1.36%
OCF(TTM)0.48
OCFY1.86%
SpS5.13
BVpS3.24
TBVpS0.04
PEG (NY)0.88
PEG (5Y)N/A
Graham Number6.89
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | -43.41 |
F-Score6
WACC9.56%
ROIC/WACC0.28
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 Y45.46%
EPS Next 2Y34.27%
EPS Next 3Y37.2%
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 Year28.45%
Revenue Next 2Y18.17%
Revenue Next 3Y15.75%
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 5 / 10.
Can you provide the PE and PB ratios for VIAV stock?
The Price/Earnings (PE) ratio for VIAVI SOLUTIONS INC (VIAV) is 39.82 and the Price/Book (PB) ratio is 7.98.
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 45.46% in the next year.