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Aviat NetworksAVNW -0.54%76 EV-to-OCF is 14.48 as of Aug. 19, 2026, which is 19% above its 10-year median of 12.20. GuruFocus rates AVNW with a GF Score™ of 76/100 and a GF Value™ of $24.09 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 2,497 Hardware companies, Aviat Networks ranks worse than 61.31% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Aviat Networks's Enterprise Value is $303.9 Mil.
Aviat Networks's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $21.0 Mil. Therefore, Aviat Networks's EV-to-OCF for today is 14.48.
The historical rank and industry rank for Aviat Networks's EV-to-OCF or its related term are showing as below:
AVNW'
s EV-to-OCF Range Over the Past 10 Years
Min: -250.54 Med: 12.2 Max: 124.89
Current: 14.48
During the past 13 years, the highest EV-to-OCF of Aviat Networks was 124.89. The lowest was -250.54. And the median was 12.20.
AVNW's EV-to-OCF is ranked worse than 61.31% of 2497
companies
in the Hardware industry
Industry Median: 8.45
vs AVNW: 14.48
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Aviat Networks's PE Ratio (TTM) for today is calculated as:
Aviat Networks's share price for today is $21.28.
Aviat Networks's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.690.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Aviat Networks EV-to-OCF Related Terms
Aviat Networks EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Aviat Networks's EV-to-OCF 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.
For the Communication Equipment subindustry, Aviat Networks's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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.
Aviat Networks EV-to-OCF vs Hardware Industry
For the Hardware industry and Technology sector, Aviat Networks's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Aviat Networks's EV-to-OCF falls into.
Aviat Networks's current Enterprise Value is $303.9 Mil.
Aviat Networks's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.0 Mil.
* 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.
Aviat Networks (AVNW) has a EV-to-OCF of 14.48 as of Aug. 19, 2026. This is 19% above median its historical median of 12.20. According to the industry distribution chart, Aviat Networks ranks #1531 out of 2497 companies in the Hardware industry, placing it in the top 61.3%.
Is Aviat Networks' EV-to-OCF too high?
Aviat Networks' current EV-to-OCF of 14.48 is 19% above median its 10-year median of 12.20. The Hardware industry median EV-to-OCF is 8.45. Aviat Networks' value of 14.48 is 71.4% above this industry median. Based on the distribution chart, Aviat Networks ranks #1531 out of 2497 companies in the Hardware industry, which is below the industry midpoint. Overall, Aviat Networks has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aviat Networks' EV-to-OCF compare to LTRX and BKTI?
According to the Hardware industry distribution chart, Aviat Networks ranks #1531 out of 2497 companies for EV-to-OCF. This places Aviat Networks in the lower half of its industry. The industry median EV-to-OCF is 8.45. Aviat Networks' value of 14.48 is 71.4% above this benchmark. While the company's 10-year median is 12.20 vs. the industry median of 8.45, Aviat Networks 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 EV-to-OCF for a Hardware company?
The median EV-to-OCF among Hardware companies is 8.45, based on 2,497 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aviat Networks's current EV-to-OCF of 14.48 is 71.4% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median EV-to-OCF is 8.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aviat Networks's current EV-to-OCF is 14.48, which is 19% above median its own 10-year median of 12.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aviat Networks stock overvalued right now?
Based on GuruFocus' analysis, Aviat Networks (AVNW) is currently considered Modestly Undervalued. The stock's GF Value™ is $24.09, compared to a current price of $21.28 — trading 11.7% below its estimated fair value. The current EV-to-OCF is 14.48, which is 19% above median its 10-year median of 12.20 and 71.4% above the Hardware industry median of 8.45. Aviat Networks' overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Aviat Networks (AVNW), the current EV-to-OCF is 14.48 as of Aug. 19, 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 Aviat Networks (AVNW) Overvalued in 2026?
Based on GuruFocus' analysis, Aviat Networks stock appears to be undervalued.
The current stock price of $21.28 is trading 11.7% below its estimated GF Value™ of $24.09.
GuruFocus considers Aviat Networks to be Modestly Undervalued.
Key valuation signals for AVNW:
EV-to-OCF: 14.48 (19% above median its 10-year median of 12.20)
GF Value™: $24.09 vs. price of $21.28 (11.7% below fair value)
Industry Position: 71.4% above the Hardware median (#1531 of 2497)
No single metric tells the full story. See the AVNW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aviat Networks Inc provides wireless transport and access networking solutions designed to support telecommunications operators and private network providers situated in various countries. The company offers a range of microwave and millimeter wave radios, network management tools, and services that enable high-capacity, secure, and reliable data transport over wireless networks. Its products serve diverse clients including mobile operators, public safety organizations, utilities, government agencies, and enterprise customers. Aviat generates revenue from the sale of its networking equipment, professional services, and ongoing support contracts. Its operations cover various regions including the Americas, Europe, Asia Pacific, the Middle East, and Africa.
76GF Score
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