Viavi Solutions Inc. (VIAV) P/E Ratio History
ExpensiveTrading at 282.8x vs 5Y avg 194.7x · 80th percentile · Material premium to history · Data 1994–2026
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P/E Ratio Analysis
As of July 8, 2026, Viavi Solutions Inc. (VIAV) trades at a price-to-earnings ratio of 282.8x, with a stock price of $42.42 and trailing twelve-month earnings per share of $-0.22.
The current P/E is 45% above its 5-year average of 194.7x. Over the past five years, VIAV's P/E has ranged from a low of 29.5x to a high of 794.8x, placing the current valuation at the 80th percentile of its historical range.
Compared to the Technology sector median P/E of 29.6x, VIAV trades at a 854% premium to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 194.0x.
The PEG ratio of 61.96 (P/E divided by 225% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, VIAV commands a significant premium over the S&P 500 median P/E of 25.6x. 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 VIAV 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.
VIAV Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
VIAV P/E vs Peers
Network Test, Timing, and Assurance peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $55B | 65.5 | 8.18 | +39% | |
| $52B | 1976.4 | - | +105% | |
| $61B | 510.4 | - | +47% | |
| $3B | 32.4Lowest | 0.85Best | +126% | |
| $449B | 44.7 | - | +0% | |
| $2B | 148.0 | - | +158%Best | |
| $4B | 143.4 | - | +118% | |
| $9B | 172.0 | - | -22% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
VIAV Historical P/E Data (1994–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | Sep 27 2025 | $12.21 | $0.07 | 186.1x | +80% |
| FY2025 Q4 | Jun 28 2025 | $10.00 | $0.15 | 65.1x | -37% |
| FY2025 Q3 | Mar 29 2025 | $11.26 | $0.02 | 538.8x | +422% |
| FY2024 Q2 | Dec 30 2023 | $10.07 | $0.02 | 449.6x | +336% |
| FY2024 Q1 | Sep 30 2023 | $9.14 | $0.01 | 794.8x | +670% |
| FY2023 Q4 | Jun 30 2023 | $11.33 | $0.11 | 105.1x | +2% |
| FY2023 Q3 | Apr 01 2023 | $10.83 | $0.18 | 60.3x | -42% |
| FY2023 Q2 | Dec 31 2022 | $10.51 | $0.33 | 31.9x | -69% |
| FY2023 Q1 | Oct 01 2022 | $13.05 | $0.44 | 29.5x | -71% |
| FY2022 Q4 | - | $13.23 | $0.06 | 212.0x | +105% |
| FY2021 Q4 | Jun 30 2021 | $17.66 | $0.26 | 67.5x | -35% |
| FY2021 Q3 | Apr 03 2021 | $16.02 | $0.39 | 41.1x | -60% |
| FY2021 Q2 | Jan 02 2021 | $14.97 | $0.18 | 83.2x | -19% |
| FY2021 Q1 | Oct 03 2020 | $11.81 | $0.18 | 65.6x | -36% |
| FY2020 Q4 | - | $12.74 | $0.13 | 98.0x | -5% |
| FY2020 Q3 | Mar 28 2020 | $11.06 | $0.06 | 184.3x | +79% |
| FY2020 Q2 | Dec 28 2019 | $15.12 | $0.18 | 84.5x | -18% |
| FY2020 Q1 | Sep 28 2019 | $14.09 | $0.12 | 118.4x | +15% |
| FY2019 Q4 | Jun 30 2019 | $13.29 | $0.02 | 612.4x | +493% |
| FY2018 Q2 | Dec 30 2017 | $8.74 | $0.13 | 65.9x | -36% |
| FY2018 Q1 | Sep 30 2017 | $9.46 | $0.36 | 26.4x | -74% |
| FY2017 Q4 | Jun 30 2017 | $10.53 | $0.71 | 14.8x | -86% |
| FY2017 Q3 | Apr 01 2017 | $10.72 | $0.35 | 30.6x | -70% |
| FY2017 Q2 | Dec 31 2016 | $8.18 | $0.38 | 21.5x | -79% |
| FY2017 Q1 | Oct 01 2016 | $7.39 | $0.20 | 37.0x | -64% |
| FY2014 Q3 | Mar 29 2014 | $7.71 | $0.41 | 18.6x | -82% |
| FY2014 Q2 | Dec 28 2013 | $7.41 | $0.30 | 24.6x | -76% |
| FY2014 Q1 | Sep 28 2013 | $8.34 | $0.28 | 29.6x | -71% |
| FY2013 Q4 | Jun 30 2013 | $8.19 | $0.23 | 35.6x | -66% |
| FY2012 Q2 | Dec 31 2011 | $5.94 | $0.13 | 45.6x | -56% |
| FY2012 Q1 | Oct 01 2011 | $5.67 | $0.27 | 20.7x | -80% |
| FY2011 Q4 | - | $9.48 | $0.30 | 31.5x | -69% |
| FY2011 Q3 | Apr 02 2011 | $10.87 | $0.27 | 40.7x | -61% |
| FY2011 Q2 | Jan 01 2011 | $8.24 | $0.05 | 156.0x | +51% |
| FY1998 Q3 | - | $23.93 | $0.90 | 26.6x | -74% |
| FY1997 Q2 | - | $14.93 | $0.40 | 37.6x | -64% |
| FY1997 Q1 | Sep 30 1996 | $12.02 | $0.32 | 37.9x | -63% |
| FY1996 Q4 | Jun 30 1996 | $10.10 | $0.24 | 42.6x | -59% |
| FY1996 Q3 | Mar 31 1996 | $5.51 | $0.19 | 29.0x | -72% |
| FY1996 Q2 | Dec 31 1995 | $5.08 | $0.11 | 46.2x | -55% |
| FY1996 Q1 | Sep 30 1995 | $5.01 | $0.11 | 45.6x | -56% |
| FY1995 Q4 | Jun 30 1995 | $3.04 | $0.11 | 27.6x | -73% |
| FY1995 Q3 | Mar 31 1995 | $2.74 | $0.28 | 9.8x | -90% |
| FY1995 Q2 | Dec 31 1994 | $2.06 | $0.28 | 7.4x | -93% |
| FY1995 Q1 | Sep 30 1994 | $1.49 | $0.28 | 5.4x | -95% |
| FY1994 Q4 | - | $1.14 | $0.28 | 4.1x | -96% |
Average P/E for displayed period: 103.2x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
32+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
VIAV — Frequently Asked Questions
Quick answers to the most common questions about buying VIAV stock.
What is VIAV's P/E ratio?
Viavi Solutions Inc. (VIAV) trailing twelve-month P/E ratio is 282.8x, based on TTM diluted EPS of $-0.22. The 5-year average P/E is 194.7x and the historical range spans 29.5x to 794.8x.
Is VIAV stock overvalued or undervalued?
VIAV trades at 282.8x P/E, above its 5-year average of 194.7x. The 80th percentile ranking within the 29.5x–794.8x historical range indicates a premium to historical valuation.
Is VIAV stock expensive?
Yes, VIAV is expensive relative to its own history. The current P/E of 282.8x is above the 5-year average of 194.7x and also above the Technology sector median of 29.6x. The stock sits at the 80th percentile of its 5-year valuation range.
What is VIAV's historical P/E range?
Over the past 5 years, VIAV's P/E ratio has ranged from 29.5x to 794.8x, with a median of 98.0x and an average of 194.7x. The current P/E of 282.8x places the stock at the 80th percentile of this range. Full historical data spans 1994–2026.
How does VIAV's P/E compare to the S&P 500?
VIAV trades at 282.8x P/E versus the S&P 500 median of 25.6x. The 1005% premium to the market typically reflects higher expected earnings growth or quality.
How does VIAV's valuation compare to Technology peers?
Viavi Solutions Inc. P/E of 282.8x 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 VIAV's PEG ratio?
VIAV PEG ratio is 61.96, based on a P/E of 282.8x and EPS growth of 225.0%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is VIAV's earnings yield?
VIAV earnings yield is 0.35%, the inverse of its 282.8x 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.