Lumentum Holdings Inc. (LITE) P/E Ratio History
ExpensiveTrading at 1888.9x vs 5Y avg 79.4x · 100th percentile · Material premium to history · Data 2016–2026
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P/E Ratio Analysis
As of July 8, 2026, Lumentum Holdings Inc. (LITE) trades at a price-to-earnings ratio of 1888.9x, with a stock price of $698.91 and trailing twelve-month earnings per share of $4.57.
The current P/E is 2279% above its 5-year average of 79.4x. Over the past five years, LITE's P/E has ranged from a low of 14.2x to a high of 412.0x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 29.6x, LITE trades at a 6290% premium to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 197.0x.
Relative to the broader market, LITE commands a significant premium over the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our LITE DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
LITE Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
LITE P/E vs Peers
Optical Transport and Fiber Access peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 132.3 | - | +118% | |
| $9B | 268.1 | 58.75 | +225%Best | |
| $59B | 492.8 | - | +47% | |
| $6B | 69.1 | 1.95 | -10% | |
| $4B | 15.7Lowest | 1.24Best | +9% | |
| $441B | 43.8 | - | +0% | |
| $4.6T | 41.6 | 2.33 | +23% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
LITE Historical P/E Data (2016–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Mar 28 2026 | $702.73 | $5.40 | 130.0x | +14% |
| FY2026 Q2 | Dec 27 2025 | $390.77 | $3.26 | 119.7x | +5% |
| FY2026 Q1 | Sep 27 2025 | $160.75 | $1.49 | 107.6x | -5% |
| FY2025 Q4 | Jun 28 2025 | $94.75 | $0.23 | 412.0x | +263% |
| FY2023 Q2 | Dec 31 2022 | $52.17 | $0.37 | 139.5x | +23% |
| FY2023 Q1 | Oct 01 2022 | $68.57 | $1.58 | 43.3x | -62% |
| FY2022 Q4 | - | $79.42 | $2.67 | 29.7x | -74% |
| FY2022 Q3 | Apr 02 2022 | $95.50 | $2.46 | 38.8x | -66% |
| FY2022 Q2 | Jan 01 2022 | $105.77 | $4.96 | 21.3x | -81% |
| FY2022 Q1 | Oct 02 2021 | $85.37 | $5.27 | 16.2x | -86% |
| FY2021 Q4 | Jun 30 2021 | $82.03 | $5.05 | 16.2x | -86% |
| FY2021 Q3 | Apr 03 2021 | $92.57 | $4.71 | 19.7x | -83% |
| FY2021 Q2 | Dec 26 2020 | $98.30 | $2.42 | 40.6x | -64% |
| FY2021 Q1 | Sep 26 2020 | $74.20 | $1.99 | 37.3x | -67% |
| FY2020 Q4 | - | $81.43 | $1.74 | 46.8x | -59% |
| FY2020 Q3 | Mar 28 2020 | $70.00 | $1.46 | 47.9x | -58% |
| FY2019 Q3 | Mar 30 2019 | $56.54 | $0.22 | 257.0x | +126% |
| FY2019 Q2 | Dec 29 2018 | $41.57 | $1.24 | 33.5x | -70% |
| FY2019 Q1 | Sep 29 2018 | $59.95 | $4.21 | 14.2x | -87% |
| FY2018 Q4 | Jun 30 2018 | $57.90 | $3.53 | 16.4x | -86% |
| FY2018 Q3 | Mar 31 2018 | $63.80 | $2.23 | 28.6x | -75% |
| FY2018 Q2 | Dec 30 2017 | $48.90 | $1.27 | 38.5x | -66% |
| FY2017 Q2 | Dec 31 2016 | $38.65 | $0.23 | 165.7x | +46% |
| FY2017 Q1 | Oct 01 2016 | $41.77 | $0.05 | 785.2x | +591% |
| FY2016 Q4 | - | $24.20 | $0.10 | 234.5x | +106% |
Average P/E for displayed period: 113.6x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
LITE — Frequently Asked Questions
Quick answers to the most common questions about buying LITE stock.
What is LITE's P/E ratio?
Lumentum Holdings Inc. (LITE) trailing twelve-month P/E ratio is 1888.9x, based on TTM diluted EPS of $4.57. The 5-year average P/E is 79.4x and the historical range spans 14.2x to 412.0x.
Is LITE stock overvalued or undervalued?
LITE trades at 1888.9x P/E, above its 5-year average of 79.4x. The 100th percentile ranking within the 14.2x–412.0x historical range indicates a premium to historical valuation.
Is LITE stock expensive?
Yes, LITE is expensive relative to its own history. The current P/E of 1888.9x is above the 5-year average of 79.4x and also above the Technology sector median of 29.6x. The stock sits at the 100th percentile of its 5-year valuation range.
What is LITE's historical P/E range?
Over the past 5 years, LITE's P/E ratio has ranged from 14.2x to 412.0x, with a median of 40.6x and an average of 79.4x. The current P/E of 1888.9x places the stock at the 100th percentile of this range. Full historical data spans 2016–2026.
How does LITE's P/E compare to the S&P 500?
LITE trades at 1888.9x P/E versus the S&P 500 median of 25.9x. The 7193% premium to the market typically reflects higher expected earnings growth or quality.
How does LITE's valuation compare to Technology peers?
Lumentum Holdings Inc. P/E of 1888.9x compares to the Technology sector median of 29.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is LITE's PEG ratio?
LITE PEG ratio is N/A, based on a P/E of 1888.9x and EPS growth of 104.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is LITE's earnings yield?
LITE earnings yield is 0.05%, the inverse of its 1888.9x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.