Viavi Solutions Inc (VIAV) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of Viavi Solutions Inc stock $8.05, price $30.45, upside -73.6%, quality 46 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?No
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 22, 2026.
How to read this chart
60‑month range $6.66 – $55.33 · fair‑value band $5.60 – $11.57 · the $30.45 price screens above the $8.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 22, 2026.
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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.
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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.
Stock analysis
Viavi Solutions Inc (VIAV) currently trades at $30.45, while our model-based Fair Value estimate is $8.05, 73.6% 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 $10.05 per share, and 0 of the 14 models we run sit above the $30.45 price.
Bear case: the Asset-Based group reads lowest at $1.01, and 14 of the 14 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $5.60 (bear) to $11.57 (bull), the price of $30.45 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 46/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Viavi Solutions Inc reported revenue of $1.5B in FY2026 versus $1.3B in FY2022, a compound +4.1%/yr. Reported net income was −$30.4M in FY2026.
Key figures
Market cap $8.5B Mid · P/S ratio 5.63 · EPS (TTM) $−0.1300 · Net margin −2.0% · Return on equity −2.7% · Return on assets (EBIT) 5.1% · Operating margin 14.3% · Revenue (TTM) $1.5B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 36 out of 100 (medium confidence).
What moves the price
The share trades about 45% below its 52-week high and 127% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −48% fair-value upside, at −74%, VIAV screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely ($1.01 to $15.50). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear$5.60Fair Value $8.05Bull$11.57
Price $30.45 · Upside -73.6%
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.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.
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.40/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+40.0%
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.
+11.1%
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.
+4.8%
Start year 2021 (pandemic). Over 10 years: +5.3% a year
Revenue growth 34 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.
+12.7%
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Profit margin (trend) ⓘ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)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
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).
+39.2%
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.
+13.8%
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 +36.0% a year for the price and +11.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (99 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.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: Evidence of limited durable advantage points to low returns on capital and modest margins as the central weakness, with new AI infrastructure tools representing the main area of development.
Main risk: Execution risks from deploying the new CyberFlood platform and Calnex collaboration could limit improvements in overall profitability.
Viavi is expanding its network testing reach into AI-driven infrastructure and data centers through the new CyberFlood platform and deepened Calnex collaboration. The combined tools aim to validate real-world performance for complex next-generation setups across defense and enterprise segments as well. Our models see the stock as overvalued. Will these additions strengthen its position in high-demand validation or mainly raise execution risks without lifting overall profitability enough?
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 · 299 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score46 · Below median
Fair Value upside−73.6% · Bottom 25%
Profitability
Return on assets−1.1% · Below median
Net margin (12 months)−2.0% · Below median
Operating margin (12 months)14.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)52.5% · Top 25%
Balance sheet
Debt / equity0.27× · Highest 25%
Valuation Multiplesvs Communication Equipment median · lower = cheaper
P/B5.90× · Priciest 25%
P/S (12 months)5.63× · Priciest 25%
Price / free cash flow103.2× · Priciest 25%
EV/EBITDA29.7× · Pricier than median
PEG1.34× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 55
PAST (return on equity)0· sector 19
HEALTH (low debt)86· 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 Viavi Solutions Inc (VIAV) overvalued or undervalued?
As of Oct 22, 2026, our model estimates a fair value of $8.05 versus a price of $30.45, about −74% upside (overvalued).
What is the fair value of VIAV?
Our model-based fair value for Viavi Solutions Inc is $8.05 (as of Oct 22, 2026), built from audited fundamentals. The current price: $30.45.
What is the quality score of VIAV?
Viavi Solutions Inc has a Quality Score of 46/100. 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 $8.05 (as of Oct 22, 2026) from 14 valuation models. Cautious scenario $5.60, optimistic scenario $11.57. 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 $8.05, about −74% upside versus a price of $30.45 (overvalued). Cautious scenario $5.60, optimistic scenario $11.57. 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 $1.5B (latest available figure, as of Oct 22, 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 +39.2 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Oct 22, 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 1.21, 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 Viavi Solutions Inc that is +39.2 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Viavi Solutions Inc (VIAV) delivered so far?
Over the past 5 years revenue at Viavi Solutions Inc grew +4.8 % a year. The price currently implies +39.2 % per year free-cash-flow growth a 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 Viavi Solutions Inc (VIAV) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Viavi Solutions Inc (+39.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Viavi Solutions Inc (VIAV)?
The free-cash-flow yield on the price is 1.18 %: that much free cash flow Viavi Solutions Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
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 $8.05 per share (as of Oct 22, 2026), against a price of $30.45. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Viavi Solutions Inc stock overvalued or undervalued in 2026?
As of Oct 22, 2026, VIAV trades above its calculated fair value: price $30.45, fair value $8.05, a gap of about −74% (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 ($30.45); the fair value is what the company's own numbers justify ($8.05). For Viavi Solutions Inc the two are $22.40 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 $8.5B (market capitalisation, as of Oct 22, 2026). Per share that is $30.45; our models calculate a fair value of $8.05 per share.
What do the bullish and bearish scenarios say about VIAV?
Our models span a range for Viavi Solutions Inc: cautious scenario $5.60, base $8.05, optimistic $11.57 per share (as of Oct 22, 2026, price $30.45). 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 Oct 22, 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 Oct 22, 2026): return on equity −2.7%, debt of 0.27 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is VIAV from its 52-week high?
Viavi Solutions Inc trades at $30.45, about 45% below its 52-week high of $55.33 and 127% above the low of $13.42 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of $8.05 is for.
Which stocks are comparable to Viavi Solutions 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 Viavi Solutions Inc stock attractive at the current price?
The data as of Oct 22, 2026: price $30.45, calculated fair value $8.05 (−74%), Quality Score 46/100, from 14 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 14 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 $8.05, 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 12.5 % 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 is it worth investing now.
What is the share price of Viavi Solutions Inc (VIAV)?
The closing price on Oct 23, 2026 was $30.45. Our model-based fair value is $8.05, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Viavi Solutions Inc right now?
The price sits above even our optimistic bull case ($11.57). The favourable scenario is already priced in. Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($5.60 to $11.57) leaves room in how you read the outcome.
Key figures of Viavi Solutions Inc
How large is the market capitalisation of Viavi Solutions Inc (VIAV)?
The market capitalisation of Viavi Solutions Inc is $8.5B. 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 Viavi Solutions Inc (VIAV)?
The price-to-sales ratio of Viavi Solutions Inc is 5.63 (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 Viavi Solutions Inc (VIAV)?
Earnings per share at Viavi Solutions Inc are $−0.1300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Viavi Solutions Inc (VIAV)?
The net margin of Viavi Solutions Inc is −2.0% (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 Viavi Solutions Inc (VIAV)?
The return on equity (ROE) of Viavi Solutions Inc is −2.7% (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 Viavi Solutions Inc (VIAV)?
On an EBIT basis the return on assets of Viavi Solutions Inc is 5.1% (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 Viavi Solutions Inc (VIAV)?
The operating margin of Viavi Solutions Inc is 14.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Viavi Solutions Inc (VIAV)?
Revenue at Viavi Solutions Inc is growing +52.5% versus a year earlier (3y avg +11.1%). 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 Viavi Solutions Inc (VIAV)?
Earnings per share at Viavi Solutions Inc are growing +327% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Viavi Solutions Inc (VIAV) carry?
The net debt of Viavi Solutions Inc is $51.0M (fiscal year 2026, ≈ 0.6 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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Oct 22, 2026