Aviat Networks Inc (AVNW) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Aviat Networks Inc stock $8.37, price $17.66, that is 52.6% below the price, quality 44 out of 100. Rating: strongly overvalued. Calculated from audited financials with 21 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $13.70 – $39.50 · fair‑value band $5.53 – $10.47 · the $17.66 price screens above the $8.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 6, 2026.
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Aviat Networks, Inc. provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific.
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The company offers outdoor, indoor, and split-mount radios; microwave routers, and trunking; private LTE/5G, virtual fiber, and network management products; narrow band multi-point radios, designed, and optimised for SCADA and telemetry applications; and hosted software products, such as aviat design, frequency assurance, aviatcloud, and health assurance software.
It also provides project services, which include design and engineering, site and path surveys, assembly and integration, project management, and install and commission; and managed services, such as network and interference monitoring, network health, onsite maintenance, and remote upgrades.
The company serves communications service providers and private network operators, including transportation agencies, energy and utility companies, public safety agencies, and broadcast network operators, as well as federal, state, and local government agencies.
It markets its products through a direct sales, service, and support organization; and indirect sales channels comprising dealers, resellers, and sales representatives, as well as online. The company was incorporated in 2006 and is headquartered in Austin, Texas.
Stock analysis
Aviat Networks Inc (AVNW) currently trades at $17.66, while our model-based Fair Value estimate is $8.37, 53% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $23.77 per share, and 5 of the 21 models we run sit above the $17.66 price.
Bear case: the Earnings-Based group reads lowest at $3.92, and 16 of the 21 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $5.53 (bear) to $10.47 (bull), the price of $17.66 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Aviat Networks Inc reported revenue of $440M in FY2026 versus $303M in FY2022, a compound +9.8%/yr. Reported net income was $2.5M in FY2026, compounding −41.1%/yr from FY2022.
Key figures
Market cap $218M Micro · P/E ratio 92.9 · P/S ratio 0.50 · EPS (TTM) $0.1900 · Net margin 0.6% · Return on equity 1.0% · Return on assets (EBIT) 0.0% (5-year average) · Operating margin 6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (medium confidence).
What moves the price
The share trades about 34% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −53%, AVNW screens richer than that median.
Fair Value models
Bear$5.53Fair Value $8.37Bull$10.47
Price $17.66 · Downside -52.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then ($0.0682 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 3 officers or directors sold shares worth $319,766 and none bought.
SaleErin BoaseVP Legal Affairs1,347 shares at $19.69$26,522Aug 31, 2026
SalePete A SmithPresident and CEO3× since Nov 11, 2025: 36,700 shares, avg. $23.32$855,869Aug 31, 2026
SaleGary CrokeSVP of Product and Innovation2× since Feb 6, 2026: 7,543 shares, avg. $25.66$193,532Aug 31, 2026
SaleBruce M. TatenDirector3,268 shares at $23.39$76,439Nov 11, 2025
Plus 14 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.70/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+7.7%
Start year 2021 (pandemic). Over 10 years: +5.0% a year
Revenue growth 31 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+3.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
−9.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.0%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.10% → 5%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+28.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +25.8% a year for the price and +3.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Communication Equipment · 302 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score44 · Below median
Fair Value upside−52.6% · Below median
Profitability
Return on equity (12 months)1.0% · Below median
Return on assets0.4% · Below median
Net margin (12 months)0.6% · Below median
Operating margin (12 months)6.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)4.8% · Below median
Balance sheet
Debt / equity0.33× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/E (12 months)92.9× · Priciest 25%
P/B0.82× · Cheapest 25%
P/S (12 months)0.50× · Cheapest 25%
Price / free cash flow (fiscal year)35.9× · Pricier than median
EV/EBITDA8.5× · Cheaper than median
PEG5.33× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)24· sector 57
PAST (return on equity)4· sector 21
HEALTH (low debt)83· sector 98
DIVIDEND (yield)0· sector 24
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Aviat Networks Inc (AVNW) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of $8.37 versus a price of $17.66, about 53% lower (overvalued).
What is the fair value of AVNW?
Our model-based fair value for Aviat Networks Inc is $8.37 (as of Nov 6, 2026), built from audited fundamentals. The current price: $17.66.
What is the quality score of AVNW?
Aviat Networks Inc has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Aviat Networks Inc (AVNW)?
Our model-based price target is the fair value of $8.37 (as of Nov 6, 2026) from 21 valuation models. Cautious scenario $5.53, optimistic scenario $10.47. It is a calculation from audited fundamentals, not an analyst target.
What is the Aviat Networks Inc stock forecast for 2026?
Our models put fair value at $8.37, about 53% lower versus a price of $17.66 (overvalued). Cautious scenario $5.53, optimistic scenario $10.47. The calculation is refreshed regularly with new filings.
What is the revenue of Aviat Networks Inc (AVNW)?
Aviat Networks Inc reported trailing-twelve-month revenue of about $440M (latest available figure, as of Nov 6, 2026).
What growth is priced into Aviat Networks Inc (AVNW)?
For today's price to be fair in a discounted-cash-flow model, Aviat Networks Inc would have to grow free cash flow by +28.8 % per year for five years (discount rate 11.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.7 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of AVNW use?
Our models discount Aviat Networks Inc at 11.7 %: a base by market capitalisation (micro), damped by beta 0.68, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Aviat Networks Inc that is +28.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.7 %) and the same formula as our fair value.
How much growth has Aviat Networks Inc (AVNW) delivered so far?
Over the past 5 years revenue at Aviat Networks Inc grew +7.7 % a year. The price currently implies free-cash-flow growth of +28.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Aviat Networks Inc (AVNW) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Aviat Networks Inc (+28.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Aviat Networks Inc (AVNW)?
The free-cash-flow yield on the price is 2.67 %: that much free cash flow Aviat Networks Inc produces per unit of market value. When it exceeds the discount rate of our models (11.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Aviat Networks Inc (AVNW)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aviat Networks Inc it is $8.37 per share (as of Nov 6, 2026), against a price of $17.66. It is the blended result of 21 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Aviat Networks Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, AVNW trades above its calculated fair value: price $17.66, fair value $8.37, a gap of about −53% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AVNW?
No. The price is what the market pays today ($17.66); the fair value is what the company's own numbers justify ($8.37). For Aviat Networks Inc the two are $9.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aviat Networks Inc worth?
The market values Aviat Networks Inc at about $218M (market capitalisation, as of Nov 6, 2026). Per share that is $17.66; our models calculate a fair value of $8.37 per share.
What do the bullish and bearish scenarios say about AVNW?
Our models span a range for Aviat Networks Inc: cautious scenario $5.53, base $8.37, optimistic $10.47 per share (as of Nov 6, 2026, price $17.66). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AVNW?
Aviat Networks Inc trades at a price-to-earnings ratio of 92.9 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $8.37 is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2021 to 2026), reported earnings: 36.1. Other multiples: PEG 5.3, P/B 0.8, P/S 0.5, EV/EBITDA 8.5.
What is the PEG ratio of AVNW?
The PEG ratio of Aviat Networks Inc is 5.33 (P/E divided by earnings growth, as of Nov 6, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Aviat Networks Inc (AVNW)?
Balance-sheet figures for Aviat Networks Inc (as of Nov 6, 2026): return on equity 1.0%, debt of 0.33 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is AVNW from its 52-week high?
Aviat Networks Inc trades at $17.66, about 34% below its 52-week high of $26.74 and 17% above the low of $15.09 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $8.37 is for.
Which stocks are comparable to Aviat Networks Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Foxconn Industrial Internet Co, Zhongji Innolight Co, Motorola Solutions, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Aviat Networks Inc stock attractive at the current price?
The data as of Nov 6, 2026: price $17.66, calculated fair value $8.37 (−53%), Quality Score 44/100, from 21 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AVNW calculated?
We run Aviat Networks Inc through 21 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $8.37 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Aviat Networks Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Aviat Networks Inc (AVNW)?
The closing price on Nov 6, 2026 was $17.66. Our model-based fair value is $8.37, about 53% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aviat Networks Inc right now?
The price sits above even our optimistic bull case ($10.47). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range ($5.53 to $10.47) leaves room in how you read the outcome.
Key figures of Aviat Networks Inc
How large is the market capitalisation of Aviat Networks Inc (AVNW)?
The market capitalisation of Aviat Networks Inc is $218M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Aviat Networks Inc (AVNW)?
The price-to-sales ratio of Aviat Networks Inc is 0.50 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Aviat Networks Inc (AVNW)?
Earnings per share at Aviat Networks Inc are $0.1900 (price ÷ EPS = P/E 92.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Aviat Networks Inc (AVNW)?
The net margin of Aviat Networks Inc is 0.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Aviat Networks Inc (AVNW)?
The return on equity (ROE) of Aviat Networks Inc is 1.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Aviat Networks Inc (AVNW)?
On an EBIT basis the return on assets of Aviat Networks Inc is 0.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Aviat Networks Inc (AVNW)?
The operating margin of Aviat Networks Inc is 6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aviat Networks Inc (AVNW)?
Revenue at Aviat Networks Inc is growing +4.8% versus a year earlier (3y avg +8.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Aviat Networks Inc (AVNW)?
Earnings per share at Aviat Networks Inc are growing +25.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Aviat Networks Inc (AVNW) carry?
The net debt of Aviat Networks Inc is $26.3M (fiscal year 2026, ≈ 4.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Some data
Nov 6, 2026