Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Lumentum Holdings (NAS:LITE) Book to Bill Ratio Explanation
The book-to-bill ratio is the ratio of orders received to units shipped and billed for a specified period, generally a month or quarter. It is a widely used metric in the technology industry, specifically in the semiconductor equipment sector. The book-to-bill ratio reveals how quickly a business fulfills the demand for its products.
Investors and analysts closely watch this ratio for an indication of the performance and outlook for individual companies and the technology sector as a whole. A ratio above 1.0 implies more orders were received than filled, indicating strong demand, while a ratio below 1.0 implies weaker demand.
Lumentum Holdings Book to Bill Ratio Related Terms
Lumentum Holdings Book to Bill Ratio Historical Data
* Premium members only.
The historical data trend for Lumentum Holdings's Book to Bill Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LITE vs MSI, HPE, CIEN: Book to Bill Ratio Comparison
For the Communication Equipment subindustry, Lumentum Holdings's Book to Bill Ratio, along with its competitors' market caps and Book to Bill Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Lumentum Holdings (NAS:LITE) Book to Bill Ratio Calculation
Book to Bill Ratio is calculated as
Book to Bill Ratio
=
Orders Received
/
Orders Shipped
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frequently Asked Questions
What does a Book to Bill Ratio of 0.00 mean?
Lumentum Holdings (LITE) has a Book to Bill Ratio of 0.00 as of Dec. 2024. Book to Bill Ratio is the ratio of orders received to units billed for a specified period. View historical data on Lumentum Holdings and its competitors.
Is Lumentum Holdings' Book to Bill Ratio too high?
Lumentum Holdings' current Book to Bill Ratio is 0.00. Overall, Lumentum Holdings has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lumentum Holdings' Book to Bill Ratio compare to MSI and HPE?
Lumentum Holdings' Book to Bill Ratio of 0.00 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book to Bill Ratio for a Hardware company?
A good Book to Bill Ratio depends on the Hardware industry context. However, Book to Bill Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book to Bill Ratio mean?
A high Book to Bill Ratio can signal that a stock is expensive relative to its fundamentals. Book to Bill Ratio is the ratio of orders received to units billed for a specified period. View historical data on Lumentum Holdings and its competitors. Lumentum Holdings's current Book to Bill Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lumentum Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lumentum Holdings (LITE) is currently considered Significantly Overvalued. The stock's GF Value™ is $168.57, compared to a current price of $935.54 — trading 455% above its estimated fair value. The current Book to Bill Ratio is 0.00. Lumentum Holdings' overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book to Bill Ratio calculated?
Book to Bill Ratio is calculated from a company's financial statements. For Lumentum Holdings (LITE), the current Book to Bill Ratio is 0.00 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Lumentum Holdings (LITE) Overvalued in 2026?
Based on GuruFocus' analysis, Lumentum Holdings stock appears to be overvalued.
The current stock price of $935.54 is trading 455% above its estimated GF Value™ of $168.57.
GuruFocus considers Lumentum Holdings to be Significantly Overvalued.
Key valuation signals for LITE:
Book to Bill Ratio: 0.00
GF Value™: $168.57 vs. price of $935.54 (455% above fair value)
No single metric tells the full story. See the LITE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Lumentum Holdings Inc is a California-based technology firm. The company provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection, and life-science lab uses. Its segments are Optical Communications and Commercial Lasers. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics. It generates maximum revenue from the OpComms segment. The OpComms segment products include a wide range of components, modules, and subsystems to support customers including carrier networks for access (local), metro (intracity), long-haul, and submarine (undersea) applications.
67GF Score
Get the complete analysis for LITE
Book to Bill Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
LITE has been successfully added to your 
