Stocktoria

Lumentum Holdings Inc. LITE

Nasdaq · stock · Communications Equipment, NEC · website · IPO 2015-07-23 · LEI

Lumentum Holdings Inc. statistics & valuation

Market cap$63.6B
P / S38.6×
P / B56.0×
Net margin1.6%
Return on equity2.3%
FCF margin-6.4%
Net debt$2.0B
Enterprise value USD$65.6B
Earnings yield EBIT/EV-0.3%
Return on capital-4.7%
Graham number -98.8%$11.63

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 ($11.63); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.30% -10.20% 19.90% -2.30% 8.10% 22.80% 11.60% -7.40% -40.20% 1.60% 2016201720182019202020212022202320242025
Gross margin (%)
30.70% 31.80% 34.60% 27.20% 38.70% 44.90% 46.00% 32.20% 18.50% 28.00% 2016201720182019202020212022202320242025
Operating margin (%)
1.30% 4.80% 11.20% -1.40% 12.20% 30.20% 17.70% -6.50% -31.90% -10.90% 2016201720182019202020212022202320242025
Return on equity (%)
4.20% -16.60% 26.80% -2.40% 7.70% 20.10% 10.60% -9.70% -57.10% 2.30% 2016201720182019202020212022202320242025
Shares outstanding
59.6M 61.5M 63.3M 76.7M 77.6M 78.4M 74.2M 68.3M 67.9M 69.8M 2016201720182019202020212022202320242025
Net debt ($)
$184.4M $59.4M $1.24B $758.0M $1.12B $2.07B $2.04B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
2.90% -8.30% 15.70% -1.30% 4.10% 11.20% 4.80% -2.80% -13.90% 0.60% 2016201720182019202020212022202320242025
Free cash flow margin (%)
0.50% -5.30% 12.40% 10.50% 26.10% 37.50% 21.50% 2.90% -8.00% -6.40% 2016201720182019202020212022202320242025
Debt / equity (×)
0.74× 0.49× 0.88× 0.78× 1.29× 2.61× 2.26× 2016201720182019202020212022202320242025
EPS ($)
-$0.05 -$1.71 $3.82 -$0.54 $1.75 $5.07 $2.68 -$1.93 -$8.12 $0.37 2016201720182019202020212022202320242025

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

Lumentum Holdings Inc. trades at about 2520.2× earnings — above its 10-year norm (10-year range 13.7×–297.5×, median 33.8×).

13.7× 2520.2×

Shaded band = 10-year range (13.7×–297.5×); dot = today's 2520.2×.

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)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin28.0%18.5%32.2%46.0%44.9%38.7%27.2%34.6%31.8%30.7%
Operating margin-10.9%-31.9%-6.5%17.7%30.2%12.2%-1.4%11.2%4.8%1.3%
Net margin1.6%-40.2%-7.4%11.6%22.8%8.1%-2.3%19.9%-10.2%2.3%
FCF margin-6.4%-8.0%2.9%21.5%37.5%26.1%10.5%12.4%-5.3%0.5%
Return on assets0.6%-13.9%-2.8%4.8%11.2%4.1%-1.3%15.7%-8.3%2.9%
Return on equity2.3%-57.1%-9.7%10.6%20.1%7.7%-2.4%26.8%-16.6%4.2%
Debt / equity2.26×2.61×—1.29×0.78×0.88×—0.49×0.74×—
Current ratio4.375.904.384.383.677.244.535.275.052.82

Computed from company filings · US · as of 2025-06-28. Facts plus Stocktoria's own computed scores — not investment advice.