# Viavi Solutions Inc. (VIAV) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Technology / Communications Equipment. Price $34.86, market value $8.6 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Viavi Solutions 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: 5.7×**. Each dollar of revenue is priced at 5.7×.
- **Price / book: 5.9×**. The shares trade at 5.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 1.0%** (5-yr avg 3.1%). Free cash flow equals 1.0% of the market value, below its five-year average of 3.1%, so the shares are pricier on cash than usual.

## Profitability
- **Gross margin: 57.7%**. Viavi Solutions Inc. keeps 57.7% of revenue after the direct cost of what it sells.
- **Operating margin: 6.9%**. 6.9% of revenue is left after running the business.
- **Net margin: -2.0%**. The company reported a net loss over the last twelve months.
- **Return on equity: -2.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 5.8%**. Return on all capital, debt included, is 5.8%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -1.1%**. Each dollar of assets produces -1.1% of profit.

## Growth
- **Revenue growth (1 yr): 40.0%** (3-yr 11.1%/yr, 5-yr 4.8%/yr). Revenue grew 40.0% over the last year, against 4.8% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -186.7%**. Earnings per share fell 186.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 9.5%/yr**. Free cash flow has compounded at 9.5% a year over three years.

## Financial health
- **Debt to equity: 0.44**. Debt is 0.44 times equity: a conservative balance sheet.
- **Current ratio: 1.85** (quick 1.85). Current assets cover the next year's liabilities 1.85 times.
- **Altman Z-score: 5.80**. A Z-score of 5.80 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Viavi Solutions Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (7 analysts). 7 analysts cover Viavi Solutions Inc.; the consensus is strong_buy, with an average price target of $61.43 (+76% 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): 197.2%** (YTD 95.6%, 3-mo -26.7%). The shares are up 197.2% over twelve months including dividends.
- **From 52-week high: -42.3%** (201.8% above the low). Trading 42% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 41**. An RSI of 41 is neutral.
- **Beta (1 yr): 2.07** (volatility 73%). Beta of 2.07 against the S&P 500: the shares move much more than the market.

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

Not investment advice.