Stocktoria

AVIAT NETWORKS, INC. AVNW

Nasdaq · stock · Radio & Tv Broadcasting & Communications Equipment · website · IPO 1987-05-19 · LEI

AVIAT NETWORKS, INC. statistics & valuation

Market cap$264.9M
P / E104.3×
P / S0.6×
P / B1.0×
P / FCF43.5×
Net margin0.6%
Return on equity0.9%
FCF margin1.4%
Net debt$24.2M
Net debt / EBITDA1.1×
Enterprise value USD$289.0M
EV / EBITDA12.8×
Earnings yield EBIT/EV6.7%
Return on capital5.1%
Graham number -53.4%$9.37

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($9.37); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-0.30% 0.80% 4.00% 0.10% 40.10% 7.00% 3.00% 2.60% 0.30% 0.60% 2017201820192020202120222023202420252026
Gross margin (%)
31.20% 33.20% 32.50% 35.50% 37.30% 36.10% 35.50% 35.50% 32.10% 31.50% 2017201820192020202120222023202420252026
Operating margin (%)
-0.40% 0.50% 0.60% 1.40% 8.10% 9.50% 7.10% 4.80% 2.40% 4.40% 2017201820192020202120222023202420252026
Return on equity (%)
-1.50% 3.20% 13.60% 0.40% 60.10% 10.50% 4.60% 4.20% 0.50% 0.90% 2017201820192020202120222023202420252026
Shares outstanding
10.6M 11.3M 11.2M 10.9M 11.7M 11.8M 11.9M 12.6M 12.8M 13.0M 2017201820192020202120222023202420252026
Net debt ($)
-$22.2M -$16.3M $27.9M $24.2M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
-0.50% 1.20% 5.80% 0.10% 37.00% 6.50% 2.80% 2.00% 0.20% 0.40% 2017201820192020202120222023202420252026
Free cash flow margin (%)
2.20% 0.70% -0.90% 5.40% 5.30% 0.30% -2.00% 6.80% -1.70% 1.40% 2017201820192020202120222023202420252026
Debt / equity (×)
0.00× 0.19× 0.33× 0.36× 2017201820192020202120222023202420252026
EPS ($)
-$0.08 $0.17 $0.87 $0.02 $9.42 $1.79 $0.86 $0.86 $0.10 $0.19 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

AVIAT NETWORKS, INC. trades at about 105.7× earnings — above its 10-year norm (10-year range 4×–512.5×, median 36×).

4× 512.5×

Shaded band = 10-year range (4×–512.5×); dot = today's 105.7×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin31.5%32.1%35.5%35.5%36.1%37.3%35.5%32.5%33.2%31.2%
Operating margin4.4%2.4%4.8%7.1%9.5%8.1%1.4%0.6%0.5%-0.4%
Net margin0.6%0.3%2.6%3.0%7.0%40.1%0.1%4.0%0.8%-0.3%
FCF margin1.4%-1.7%6.8%-2.0%0.3%5.3%5.4%-0.9%0.7%2.2%
Return on assets0.4%0.2%2.0%2.8%6.5%37.0%0.1%5.8%1.2%-0.5%
Return on equity0.9%0.5%4.2%4.6%10.5%60.1%0.4%13.6%3.2%-1.5%
Debt / equity0.36×0.33×0.19×0.00×——————
Current ratio1.971.641.851.811.981.771.491.531.431.45

Computed from company filings · US · as of 2026-07-03. Facts plus Stocktoria's own computed scores — not investment advice.