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Viavi SolutionsVIAV +3.20%46 Debt-to-Equity is 1.28 as of Mar. 2026, which is 27% above its 10-year median of 1.01. GuruFocus rates VIAV with a GF Score™ of 46/100 and a GF Value™ of $12.64 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,221 Hardware companies, Viavi Solutions ranks worse than 62.94% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Viavi Solutions's Debt-to-Equity or its related term are showing as below:
VIAV'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.82 Med: 1.01 Max: 1.59
Current: 0.44
During the past 13 years, the highest Debt-to-Equity Ratio of Viavi Solutions was 1.59. The lowest was 0.82. And the median was 1.01.
VIAV's Debt-to-Equity is ranked worse than 62.94% of 2221
companies
in the Hardware industry
Industry Median: 0.27
vs VIAV: 0.44
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Viavi Solutions Debt-to-Equity Related Terms
Viavi Solutions Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Viavi Solutions's Debt-to-Equity 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.
VIAV vs VSAT, AAOI, ZBRA: Debt-to-Equity Comparison
For the Communication Equipment subindustry, Viavi Solutions's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Viavi Solutions's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Viavi Solutions's Debt-to-Equity falls into.
* 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 (VIAV) has a Debt-to-Equity of 1.28 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Viavi Solutions and its competitors. This is 27% above median its historical median of 1.01. Over the past decade, Viavi Solutions' Debt-to-Equity has ranged from 0.82 to 1.59. According to the industry distribution chart, Viavi Solutions ranks #1398 out of 2221 companies in the Hardware industry, placing it in the top 62.9%.
Is Viavi Solutions' Debt-to-Equity too high?
Viavi Solutions' current Debt-to-Equity of 1.28 is 27% above median its 10-year median of 1.01. Over the past 10 years, this metric has ranged from a low of 0.82 to a high of 1.59. The Hardware industry median Debt-to-Equity is 0.27. Viavi Solutions' value of 1.28 is 374.1% above this industry median. Based on the distribution chart, Viavi Solutions ranks #1398 out of 2221 companies in the Hardware industry, which is below the industry midpoint. Overall, Viavi Solutions has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Viavi Solutions' Debt-to-Equity compare to VSAT and AAOI?
According to the Hardware industry distribution chart, Viavi Solutions ranks #1398 out of 2221 companies for Debt-to-Equity. This places Viavi Solutions in the lower half of its industry. The industry median Debt-to-Equity is 0.27. Viavi Solutions' value of 1.28 is 374.1% above this benchmark. Historically, Viavi Solutions' own Debt-to-Equity has ranged from 0.82 to 1.59 over the past decade. While the company's 10-year median is 1.01 vs. the industry median of 0.27, Viavi Solutions has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Hardware company?
The median Debt-to-Equity among Hardware companies is 0.27, based on 2,221 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viavi Solutions's current Debt-to-Equity of 1.28 is 374.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Viavi Solutions and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viavi Solutions's current Debt-to-Equity is 1.28, which is 27% above median its own 10-year median of 1.01. 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 (VIAV) is currently considered Significantly Overvalued. The stock's GF Value™ is $12.64, compared to a current price of $38.43 — trading 204% above its estimated fair value. The current Debt-to-Equity is 1.28, which is 27% above median its 10-year median of 1.01 and 374.1% above the Hardware industry median of 0.27. Viavi Solutions' overall GF Score™ is 46/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Viavi Solutions (VIAV), the current Debt-to-Equity is 1.28 as of Mar. 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 (VIAV) Overvalued in 2026?
Based on GuruFocus' analysis, Viavi Solutions stock appears to be overvalued.
The current stock price of $38.43 is trading 204% above its estimated GF Value™ of $12.64.
GuruFocus considers Viavi Solutions to be Significantly Overvalued.
Key valuation signals for VIAV:
Debt-to-Equity: 1.28 (27% above median its 10-year median of 1.01)
GF Value™: $12.64 vs. price of $38.43 (204% above fair value)
Industry Position: 374.1% above the Hardware median (#1398 of 2221)
No single metric tells the full story. See the VIAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
46GF Score
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