Stocktoria

VIAVI SOLUTIONS INC. VIAV

Nasdaq · stock · Semiconductors & Related Devices · website · IPO 1993-11-01 · LEI

VIAVI SOLUTIONS INC. statistics & valuation

Market cap$12.4B
P / E355.1×
P / S11.4×
P / B15.8×
P / FCF199.3×
Net margin3.2%
Return on equity4.5%
FCF margin5.7%
Net cash$27.3M
Net debt / EBITDA-0.3×
Enterprise value USD$12.3B
Earnings yield EBIT/EV0.5%
Return on capital4.1%
Graham number -92.1%$3.42

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 ($3.42); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-10.90% 19.70% -5.50% 0.50% 4.30% 5.60% 1.20% 2.30% -2.60% 3.20% 2016201720182019202020212022202320242025
Gross margin (%)
60.70% 59.00% 55.80% 57.60% 58.50% 59.60% 59.80% 57.80% 57.60% 57.30% 2016201720182019202020212022202320242025
Operating margin (%)
-9.30% 0.90% 0.20% 6.00% 10.40% 11.90% 14.30% 7.40% 2.10% 5.30% 2016201720182019202020212022202320242025
Return on equity (%)
-14.40% 19.90% -6.60% 0.90% 7.70% 8.80% 2.30% 3.70% -3.80% 4.50% 2016201720182019202020212022202320242025
Shares outstanding
234.0M 234.5M 227.1M 231.2M 234.8M 236.3M 238.2M 226.6M 222.6M 225.7M 2016201720182019202020212022202320242025
Net debt ($)
$140.1M -$473.7M $56.6M $123.0M $164.7M -$27.3M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-5.90% 7.60% -2.40% 0.30% 2.80% 3.40% 0.80% 1.40% -1.50% 1.70% 2016201720182019202020212022202320242025
Free cash flow margin (%)
3.20% 6.90% 2.70% 8.30% 9.10% 15.90% 8.20% 5.70% 9.70% 5.70% 2016201720182019202020212022202320242025
Debt / equity (×)
1.07× 0.29× 0.92× 0.91× 0.93× 0.51× 2016201720182019202020212022202320242025
EPS ($)
-$0.42 $0.68 -$0.21 $0.02 $0.21 $0.29 $0.07 $0.11 -$0.12 $0.15 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

VIAVI SOLUTIONS INC. trades at about 287.4× earnings — above its 10-year norm (10-year range 16.1×–733.5×, median 67×).

16.1× 733.5×

Shaded band = 10-year range (16.1×–733.5×); dot = today's 287.4×.

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 margin57.3%57.6%57.8%59.8%59.6%58.5%57.6%55.8%59.0%60.7%
Operating margin5.3%2.1%7.4%14.3%11.9%10.4%6.0%0.2%0.9%-9.3%
Net margin3.2%-2.6%2.3%1.2%5.6%4.3%0.5%-5.5%19.7%-10.9%
FCF margin5.7%9.7%5.7%8.2%15.9%9.1%8.3%2.7%6.9%3.2%
Return on assets1.7%-1.5%1.4%0.8%3.4%2.8%0.3%-2.4%7.6%-5.9%
Return on equity4.5%-3.8%3.7%2.3%8.8%7.7%0.9%-6.6%19.9%-14.4%
Debt / equity0.51×0.93×0.91×0.92×0.29×1.07×————
Current ratio1.503.552.752.721.493.923.232.097.295.35

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