Viavi Solutions Inc (VIAV) fair value: what the stock is really worth
We calculate from audited financials what Viavi Solutions Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Technology · US · Market cap $9.4B · ISIN US9255501051
At a glance
VSViavi Solutions IncVIAV · US
Price$37.40
Fair Value$3.95
Upside−89.4% ⚠
Quality57/100
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
A solid business, but trading 847% above our fair value of $3.95.
As of Aug 29, 2026, the fair value of Viavi Solutions Inc is $3.95 per share against a price of $37.40, so the fair value sits 89% below the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y −0.9 %/yr)
!Loss over the last twelve months · -4.0% net margin · fiscal year 2025 3.2%
✓Moderate debt · generates free cash flow
!Trails peers (4/14)
!Narrow moat 36/100
!Evidence only low, so the estimate is less certain
!Weak on dividend: 1 out of 100
Evidence: LowRange $2.66 to $4.94
Fair value as of: Aug 29, 2026
From 26 valuation models · updated 13 days ago
Share price −2.6% over the past month.
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69 individual criteria per stock, every one traceable See the method →
What matters now
The price sits above even our optimistic bull case ($4.94). The favourable scenario is already priced in.
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
A fairly wide model range ($2.66 to $4.94) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $6.66 – $55.33 · fair‑value band $2.66 – $4.94 · the $37.40 price screens above the $3.95 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. Dashed = 300-day average. As of Aug 29, 2026.
Viavi Solutions Inc (VIAV) currently trades at $37.40, while our model-based Fair Value estimate is $3.95, implying the stock looks roughly 847.0% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of $4.26 per share, and 0 of the 26 models we run sit above the $37.40 price. Bear case: the Dividend Discount group reads lowest at $0.4600, and 26 of the 26 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Viavi Solutions Inc generated revenue of $1.4B at a net margin of −4.0%. Revenue grew 42.8% year over year. It earns a return on equity of −7.0%. Net debt stands at $269M. Fundamentals as of Aug 29, 2026
Scenario range: $2.66 (bear) to $4.94 (bull), the price of $37.40 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 38% below its 52-week high and 312% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −52% fair-value upside, at −89%, VIAV screens richer than that median.
Fair Value models
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely ($0.4600 to $9.86). Read the values as a conservative anchor, not as a price target.
ModelBear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence
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Key figures & financial health
P/S ratio9.55TTM
EPS (TTM)$−0.2500
Dividend yield0.1%
Net margin3.2%FY2025
Return on equity−7.0%TTM
Return on assets (EBIT)5.7%avg 5y
More key figures
Profitability
Operating margin12.1%TTM
Growth
Revenue (TTM)$1.4BTTM
Revenue growth (YoY)+42.8%3y avg −5.7%
EPS growth (YoY)−68.5%
Balance sheet & cash flow
Free cash flow$62.0MFY2025
Net debt$269MFY2025 · ≈ 4.3 yrs of FCF
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality57/100
Of which business quality 55
· Market factors (momentum, volatility) 56
Profitability34
Margins and returns on capital today
Quality Growth56
Are margins and returns improving?
Cashflow58
Earnings quality: real cash, not paper profit
Fin. Strength40
Balance sheet, leverage, solvency risk
Investment86
Disciplined investing over empire-building
Low Volatility23
Calm price path (market factor)
Momentum64
Price trend over the last 3–12 months (market factor)
52W Momentum77
Distance to the 52-week high (market factor)
Net Issuance83
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace, and critical infrastructures in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Full company description
Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace, and critical infrastructures in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. It operates in two segments, Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP). The NSE segment provides testing, monitoring, assurance, and security solutions that address lab and production environments, network management, service assurance, and AIOps for wireless, wireline, cloud, satellite, public safety, military, and infrastructure networks. This segment also offers instruments, microprobes, and perpetual software licenses that support the development, production, maintenance, and optimization of network systems, as well as product support and professional services comprising repair, calibration, software support, and technical assistance for its products. Its OSP segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell technologies for the anti-counterfeiting, 3D sensing, government and aerospace, automotive, and industrial markets. The company has a strategic partnership with QuNu Labs Pvt. Ltd. for the development of quantum security and advanced network intelligence technologies. The company was formerly known as JDS Uniphase Corporation. Viavi Solutions Inc. was founded in 1923 and is headquartered in Chandler, Arizona.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Viavi Solutions Inc reported revenue of $1.1B in FY2025 versus $1.2B in FY2021, a compound −2.5%/yr. Reported net income was $34.8M in FY2025, compounding −15.3%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$1.1B
Latest YoY
+8.4%
Avg. revenue growth/yr (3Y) ⓘ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.
−5.7%
Avg. revenue growth/yr (5Y) ⓘ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.
−0.9%
Avg. revenue growth/yr (33Y) ⓘ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.
+11.9%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+0.3%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+0.2%
Dividend yield0.1%
Operating margin (EBIT) ⓘ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.7.9% (2020) → 6.5% (2025) · falling
Worst earnings drop214% (2013) (loss year, drop beyond 100%) · in USD
⚠ Revenue per share shrinking 3.7%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.
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.
Valuation
Quality Score57 · Above median
Fair Value upside−89% · Bottom 25%
Profitability
Return on assets4% · Above median
Net margin (TTM)−4% · Below median
Operating margin (TTM)12% · Top 25%
Growth and dividend
Revenue growth43% · Top 25%
Dividend yield (TTM)0.1% · Bottom 25%
Balance sheet
Debt / equity0.51× · Highest 25%
Valuation Multiples vs Communication Equipment median · lower = cheaper
P/B12.07× · Priciest 25%
P/S (TTM)6.89× · Priciest 25%
P/FCF151.8× · Priciest 25%
EV/EBITDA42.0× · Priciest 25%
PEG1.34× · Pricier than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Viavi Solutions Inc deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+36.2 % per year
Achieved revenue growth, 5 years-0.9 % p.a.
Sector median revenue growth+8.3 %
FCF yield on price0.73 %
Discount rate (WACC) in the models10.3 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 0
FUTURE100· sector 39
PAST0· sector 15
HEALTH75· sector 98
DIVIDEND1· sector 24
VALUE 0: the price sits above our fair-value range.
Insider activity: 44/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Communication Equipment stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
Is Viavi Solutions Inc (VIAV) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of $3.95 versus a price of $37.40, about −89% upside (overvalued).
What is the fair value of VIAV?
Our model-based fair value for Viavi Solutions Inc is $3.95 (as of Aug 29, 2026), built from audited fundamentals. The current price: $37.40.
What is the quality score of VIAV?
Viavi Solutions Inc has a Quality Score of 57/100. 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 Viavi Solutions Inc (VIAV)?
Our model-based price target is the fair value of $3.95 (as of Aug 29, 2026) from 26 valuation models. Cautious scenario $2.66, optimistic scenario $4.94. It is a calculation from audited fundamentals, not an analyst target.
What is the Viavi Solutions Inc stock forecast for 2026?
Our models put fair value at $3.95, about −89% upside versus a price of $37.40 (overvalued). Cautious scenario $2.66, optimistic scenario $4.94. The calculation is refreshed regularly with new filings.
What is the revenue of Viavi Solutions Inc (VIAV)?
Viavi Solutions Inc reported trailing-twelve-month revenue of about $1.4B (latest available figure, as of Aug 29, 2026).
What is the net profit margin of VIAV?
The net profit margin of Viavi Solutions Inc is about −4.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Viavi Solutions Inc pay a dividend?
Viavi Solutions Inc currently shows a dividend yield of about 0.06% relative to its recent price (as of Aug 29, 2026).
What growth is priced into Viavi Solutions Inc (VIAV)?
For today's price to be fair in a discounted-cash-flow model, Viavi Solutions Inc would have to grow free cash flow by +36.2 % per year for ten years (discount rate 10.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew -0.9 % per year. As of Aug 29, 2026.
What discount rate (WACC) does the fair value of VIAV use?
Our models discount Viavi Solutions Inc at 10.3 %: a base by market capitalisation (mid), damped by beta 1.23, country premium for USA. The same rate applies in all 26 models.
What is the intrinsic value of Viavi Solutions Inc (VIAV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Viavi Solutions Inc it is $3.95 per share (as of Aug 29, 2026), against a price of $37.40. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Viavi Solutions Inc stock overvalued or undervalued in 2026?
As of Aug 29, 2026, VIAV trades above its calculated fair value: price $37.40, fair value $3.95, a gap of about −89% (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 VIAV?
No. The price is what the market pays today ($37.40); the fair value is what the company's own numbers justify ($3.95). For Viavi Solutions Inc the two are $33.45 per share apart. That gap is exactly why we show both numbers side by side.
How much is Viavi Solutions Inc worth?
The market values Viavi Solutions Inc at about $9.4B (market capitalisation, as of Aug 29, 2026). Per share that is $37.40; our models calculate a fair value of $3.95 per share.
What do the bullish and bearish scenarios say about VIAV?
Our models span a range for Viavi Solutions Inc: cautious scenario $2.66, base $3.95, optimistic $4.94 per share (as of Aug 29, 2026, price $37.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of VIAV?
The PEG ratio of Viavi Solutions Inc is 1.34 (P/E divided by earnings growth, as of Aug 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Viavi Solutions Inc (VIAV)?
Balance-sheet figures for Viavi Solutions Inc (as of Aug 29, 2026): return on equity −7.0%, debt of 0.51 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is VIAV from its 52-week high?
Viavi Solutions Inc trades at $37.40, about 38% below its 52-week high of $60.43 and 312% above the low of $9.08 (as of Aug 29, 2026). Distance from the high says nothing about value: that is what the fair value of $3.95 is for.
Which stocks are comparable to Viavi Solutions Inc?
From the same area (Technology) we also value Cisco Systems, Inc, Zhongji Innolight Co, Foxconn Industrial Internet Co, Eoptolink Technology 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 Viavi Solutions Inc stock attractive at the current price?
The data as of Aug 29, 2026: price $37.40, calculated fair value $3.95 (−89%), Quality Score 57/100, from 26 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 VIAV calculated?
We run Viavi Solutions Inc through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $3.95, 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 32.6 % above its aggregate fair value. Viavi Solutions 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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Viavi Solutions Inc
VIAV · US