VIAVI SOLUTIONS INC (VIAV) Stock Fundamental Analysis
NASDAQ:VIAV • US9255501051
27.53 USD
+1.2 (+4.56%)
At close: Feb 20, 2026
27.82 USD
+0.29 (+1.05%)
After Hours: 2/20/2026, 8:09:28 PM
Taking everything into account, VIAV scores 4 out of 10 in our fundamental rating. VIAV was compared to 48 industry peers in the Communications Equipment industry. Both the profitability and the financial health of VIAV get a neutral evaluation. Nothing too spectacular is happening here. While showing a medium growth rate, VIAV is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- In the past year VIAV was profitable.
- In the past year VIAV had a positive cash flow from operations.
- Of the past 5 years VIAV 4 years were profitable.
- In the past 5 years VIAV always reported a positive cash flow from operatings.
1.2 Ratios
- VIAV's Return On Assets of -1.51% is in line compared to the rest of the industry. VIAV outperforms 50.00% of its industry peers.
- VIAV's Return On Equity of -5.03% is in line compared to the rest of the industry. VIAV outperforms 45.83% of its industry peers.
- VIAV has a Return On Invested Capital of 1.45%. This is comparable to the rest of the industry: VIAV outperforms 52.08% of its industry peers.
- VIAV had an Average Return On Invested Capital over the past 3 years of 3.35%. This is significantly below the industry average of 11.27%.
| Industry Rank | Sector 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%
1.3 Margins
- VIAV's Profit Margin has declined in the last couple of years.
- VIAV has a Operating Margin (3.37%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of VIAV has declined.
- With a decent Gross Margin value of 56.59%, VIAV is doing good in the industry, outperforming 75.00% of the companies in the same industry.
- VIAV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
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.
- Compared to 5 years ago, VIAV has less shares outstanding
- VIAV has a better debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of -32.34, we must say that VIAV is in the distress zone and has some risk of bankruptcy.
- VIAV's Altman-Z score of -32.34 is on the low side compared to the rest of the industry. VIAV is outperformed by 85.42% of its industry peers.
- VIAV has a debt to FCF ratio of 16.40. This is a negative value and a sign of low solvency as VIAV would need 16.40 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 16.40, VIAV is in line with its industry, outperforming 41.67% of the companies in the same industry.
- VIAV has a Debt/Equity ratio of 1.48. This is a high value indicating a heavy dependency on external financing.
- Looking at the Debt to Equity ratio, with a value of 1.48, VIAV is doing worse than 85.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.48 | ||
| Debt/FCF | 16.4 | ||
| Altman-Z | -32.34 |
ROIC/WACC0.16
WACC9.23%
2.3 Liquidity
- VIAV has a Current Ratio of 2.61. This indicates that VIAV is financially healthy and has no problem in meeting its short term obligations.
- The Current ratio of VIAV (2.61) is better than 70.83% 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.
- VIAV's Quick ratio of 2.32 is amongst the best of the industry. VIAV outperforms 81.25% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.61 | ||
| Quick Ratio | 2.32 |
3. Growth
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.
- VIAV shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -8.43% yearly.
- Looking at the last year, VIAV shows a very strong growth in Revenue. The Revenue has grown by 23.51%.
- Measured over the past years, VIAV shows a decrease in Revenue. The Revenue has been decreasing by -0.93% on average per year.
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
- Based on estimates for the next years, VIAV will show a very strong growth in Earnings Per Share. The EPS will grow by 38.91% on average per year.
- 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 Y81.48%
EPS Next 2Y47.87%
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 42.35, VIAV can be considered very expensive at the moment.
- VIAV's Price/Earnings ratio is in line with the industry average.
- VIAV's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.99.
- VIAV is valuated quite expensively with a Price/Forward Earnings ratio of 26.79.
- VIAV's Price/Forward Earnings is on the same level as the industry average.
- VIAV is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.35 | ||
| Fwd PE | 26.79 |
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.
- Based on the Price/Free Cash Flow ratio, VIAV is valued a bit more expensive than 62.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 80.94 | ||
| EV/EBITDA | 55.85 |
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.
- A more expensive valuation may be justified as VIAV's earnings are expected to grow with 38.91% in the coming years.
PEG (NY)0.52
PEG (5Y)N/A
EPS Next 2Y47.87%
EPS Next 3Y38.91%
5. Dividend
5.1 Amount
- VIAV does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
27.53
+1.2 (+4.56%)
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-2.43%
Ins Owners1.57%
Ins Owner Change-5.35%
Market Cap6.37B
Revenue(TTM)1.24B
Net Income(TTM)-42.00M
Analysts82.86
Price Target26.59 (-3.41%)
Short Float %4.51%
Short Ratio2.38
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)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)37.22%
PT rev (3m)41.47%
EPS NQ rev (1m)53.7%
EPS NQ rev (3m)59.45%
EPS NY rev (1m)24.77%
EPS NY rev (3m)31.77%
Revenue NQ rev (1m)11.4%
Revenue NQ rev (3m)11.21%
Revenue NY rev (1m)5.73%
Revenue NY rev (3m)5.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.35 | ||
| Fwd PE | 26.79 | ||
| P/S | 5.12 | ||
| P/FCF | 80.94 | ||
| P/OCF | 60.61 | ||
| P/B | 7.64 | ||
| P/tB | N/A | ||
| EV/EBITDA | 55.85 |
EPS(TTM)0.65
EY2.36%
EPS(NY)1.03
Fwd EY3.73%
FCF(TTM)0.34
FCFY1.24%
OCF(TTM)0.45
OCFY1.65%
SpS5.37
BVpS3.61
TBVpS-1.25
PEG (NY)0.52
PEG (5Y)N/A
Graham Number7.26
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | -32.34 |
F-Score4
WACC9.23%
ROIC/WACC0.16
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 Y81.48%
EPS Next 2Y47.87%
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 Year79.24%
EBIT Next 3Y39.47%
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 42.35 and the Price/Book (PB) ratio is 7.64.
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 81.48% in the next year.