# ADTRAN Holdings Inc. (ADTN) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Communications Equipment. Price $7.10, market value $579 million.

## Valuation
- **P/E (trailing): n/a** (negative earnings). ADTRAN Holdings Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **PEG: 0.13**. A PEG of 0.13 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.5×**. Each dollar of revenue is priced at 0.5×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 4.5×**. The shares trade at 4.5× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.3×**. Enterprise value is 5.3× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 9.8%** (5-yr avg 1.0%). Free cash flow equals 9.8% of the market value, above its five-year average of 1.0%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.

## Profitability
- **Gross margin: 38.5%**. ADTRAN Holdings Inc. keeps 38.5% of revenue after the direct cost of what it sells.
- **Operating margin: -0.2%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -4.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -31.3%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -2.1%**. Return on all capital, debt included, is -2.1%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -2.2%**. Each dollar of assets produces -2.2% of profit.

## Growth
- **Revenue growth (1 yr): 17.5%** (3-yr 1.9%/yr, 5-yr 16.4%/yr). Revenue grew 17.5% over the last year, against 16.4% a year compounded over five years.
- **EPS growth (1 yr): 91.0%**. Earnings per share rose 91.0%, faster than revenue, so margins expanded or the share count shrank.

## Financial health
- **Debt to equity: 0.17**. Debt is 0.17 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. ADTRAN Holdings Inc. holds more cash than debt.
- **Current ratio: 1.76** (quick 1.76). Current assets cover the next year's liabilities 1.76 times.
- **Altman Z-score: 1.81**. A Z-score of 1.81 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. ADTRAN Holdings Inc. does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): -26.6%** (YTD -18.3%, 3-mo -53.7%). The shares are down 26.6% over twelve months including dividends.
- **From 52-week high: -64.5%** (0.9% above the low). Trading 64% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 29**. An RSI of 29 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 1.83** (volatility 68%). Beta of 1.83 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ADTN · Page: https://foliofundamentals.com/stocks/adtn

Not investment advice.