Viavi Solutions (MEX:VIAV) Cyclically Adjusted Book per Share: MXN68.92 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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.

MEX:VIAV Viavi Solutions Inc MEX:VIAV
55 GF Score
Price MXN652.69
GF Value MXN259.06
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Viavi Solutions Cyclically Adjusted Book per Share?

Viavi Solutions MEX:VIAV 55 Cyclically Adjusted Book per Share is MXN68.92 as of Jun. 2026. GuruFocus rates MEX:VIAV with a GF Score™ of 55/100 and a GF Value™ of MXN259.06 (Significantly Overvalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Viavi Solutions's adjusted book value per share for the three months ended in Jun. 2026 was MXN102.458. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN68.92 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Viavi Solutions's average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -3.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was -2.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -3.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Viavi Solutions was 4.80% per year. The lowest was -45.30% per year. And the median was -5.00% per year.

As of today (2026-08-17), Viavi Solutions's current stock price is MXN652.69. Viavi Solutions's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN68.92. Viavi Solutions's Cyclically Adjusted PB Ratio of today is 9.47.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Viavi Solutions was 14.30. The lowest was 1.26. And the median was 2.62.


Viavi Solutions  (MEX:VIAV) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Viavi Solutions's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=652.69/68.92
=9.47

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Viavi Solutions was 14.30. The lowest was 1.26. And the median was 2.62.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Viavi Solutions Cyclically Adjusted Book per Share Related Terms


Viavi Solutions Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Viavi Solutions's Cyclically Adjusted Book per Share 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.

Viavi Solutions Cyclically Adjusted Book per Share Chart

Viavi Solutions Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 112.36 81.51 126.39 81.59 68.92

Viavi Solutions Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 81.59 54.28 38.36 72.09 68.92

MEX:VIAV vs VSAT, AAOI, ZBRA: Cyclically Adjusted Book per Share Comparison

For the Communication Equipment subindustry, Viavi Solutions's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Viavi Solutions Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Viavi Solutions's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Viavi Solutions's Cyclically Adjusted PB Ratio falls into.


MEX:VIAV
55GF Score
Viavi Solutions Inc MEX:VIAV
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Viavi Solutions Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Viavi Solutions's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=102.458/333.9520*333.9520
=102.458

Current CPI (Jun. 2026) = 333.9520.

Viavi Solutions Quarterly Data

Book Value per Share CPI Adj_Book
201609 63.179 241.428 87.391
201612 63.315 241.432 87.578
201703 63.969 243.801 87.623
201706 62.346 244.955 84.998
201709 60.995 246.819 82.528
201712 65.182 246.524 88.298
201803 60.982 249.554 81.606
201806 63.614 251.989 84.305
201809 58.215 252.439 77.013
201812 61.153 251.233 81.288
201903 61.692 254.202 81.046
201906 60.881 256.143 79.375
201909 60.780 256.759 79.053
201912 62.673 256.974 81.447
202003 69.614 258.115 90.067
202006 72.020 257.797 93.295
202009 72.717 260.280 93.299
202012 69.579 260.474 89.207
202103 72.463 264.877 91.360
202106 66.694 271.696 81.976
202109 73.561 274.310 89.555
202112 68.216 278.802 81.710
202203 61.995 287.504 72.011
202206 59.793 296.311 67.389
202209 57.456 296.808 64.646
202212 59.597 296.797 67.058
202303 55.398 301.836 61.292
202306 53.347 305.109 58.390
202309 52.979 307.789 57.482
202312 55.414 306.746 60.329
202403 52.475 312.332 56.107
202406 56.248 314.175 59.789
202409 62.329 315.301 66.016
202412 64.116 315.605 67.843
202503 66.801 319.799 69.757
202506 65.807 322.561 68.131
202509 59.496 324.800 61.172
202512 64.919 324.054 66.902
202603 65.262 330.213 66.001
202606 102.458 333.952 102.458

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of MXN68.92 mean?
Viavi Solutions (MEX:VIAV) has a Cyclically Adjusted Book per Share of MXN68.92 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Viavi Solutions and its competitors.
Is Viavi Solutions' Cyclically Adjusted Book per Share too high?
Viavi Solutions' current Cyclically Adjusted Book per Share is MXN68.92. Overall, Viavi Solutions has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Viavi Solutions' Cyclically Adjusted Book per Share compare to VSAT and AAOI?
Viavi Solutions' Cyclically Adjusted Book per Share of MXN68.92 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 Cyclically Adjusted Book per Share for a Hardware company?
A good Cyclically Adjusted Book per Share depends on the Hardware industry context. However, Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Viavi Solutions and its competitors. Viavi Solutions's current Cyclically Adjusted Book per Share is MXN68.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Viavi Solutions stock overvalued right now?
Based on GuruFocus' analysis, Viavi Solutions (MEX:VIAV) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN259.06, compared to a current price of MXN652.69 — trading 151.9% above its estimated fair value. The current Cyclically Adjusted Book per Share is MXN68.92. Viavi Solutions' overall GF Score™ is 55/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Viavi Solutions (MEX:VIAV), the current Cyclically Adjusted Book per Share is MXN68.92 as of Jun. 2026. 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 Viavi Solutions (MEX:VIAV) Overvalued in 2026?

Based on GuruFocus' analysis, Viavi Solutions stock appears to be overvalued. The current stock price of MXN652.69 is trading 151.9% above its estimated GF Value™ of MXN259.06. GuruFocus considers Viavi Solutions to be Significantly Overvalued.

Key valuation signals for MEX:VIAV:

  • Cyclically Adjusted Book per Share: MXN68.92
  • GF Value™: MXN259.06 vs. price of MXN652.69 (151.9% above fair value)
  • GF Score™: 55/100 with 3 warning signs

No single metric tells the full story. See the MEX:VIAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Viavi Solutions Business Description

Other Exchanges VIAV:USAUNS1:Germany
Address 1445 South Spectrum Boulevard, Suite 102, Chandler, AZ, USA, 85286
Viavi Solutions Inc. is an international provider of network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense, and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of its revenue from the United States. Additionally, it manufactures and sells optical filters for 3D sensing products that allow facial recognition security authentication for mobile devices.
55GF Score

Get the complete analysis for MEX:VIAV

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN652.69
Price
MXN259.06
GF Value