# Lumentum Holdings Inc. (LITE) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Communications Equipment. Price $881.25, market value $79.0 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Lumentum 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.
- **Price / sales: 26.2×**. Each dollar of revenue is priced at 26.2×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 16.8×**. The shares trade at 16.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 0.4%** (5-yr avg 0.7%). Free cash flow equals 0.4% of the market value, below its five-year average of 0.7%, so the shares are pricier on cash than usual.

## Profitability
- **Gross margin: 41.7%**. Lumentum Holdings Inc. keeps 41.7% of revenue after the direct cost of what it sells.
- **Operating margin: 17.4%**. 17.4% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: -230.1%**. The company reported a net loss over the last twelve months.
- **Return on equity: -149.3%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 9.8%**. Return on all capital, debt included, is 9.8%.
- **Return on assets: -94.9%**. Each dollar of assets produces -94.9% of profit.

## Growth
- **Revenue growth (1 yr): 83.2%** (3-yr 19.5%/yr, 5-yr 11.6%/yr). Revenue grew 83.2% over the last year, against 11.6% a year compounded over five years: growth is accelerating.
- **Free-cash-flow growth (3 yr): 80.2%/yr**. Free cash flow has compounded at 80.2% a year over three years.

## Financial health
- **Debt to equity: 0.35**. Debt is 0.35 times equity: a conservative balance sheet.
- **Current ratio: 1.68** (quick 1.68). Current assets cover the next year's liabilities 1.68 times.
- **Altman Z-score: 19.62**. A Z-score of 19.62 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

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

## Analyst view
- **Analyst consensus: strong_buy** (26 analysts). 26 analysts cover Lumentum Holdings Inc.; the consensus is strong_buy, with an average price target of $1148.43 (+30% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 521.0%** (YTD 139.1%, 3-mo 2.0%). The shares are up 521.0% over twelve months including dividends.
- **From 52-week high: -18.8%** (509.8% above the low). Trading 19% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 52**. An RSI of 52 is neutral.
- **Beta (1 yr): 2.91** (volatility 97%). Beta of 2.91 against the S&P 500: the shares move much more than the market.

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

Not investment advice.