Aviat NetworksAVNW +6.94%76 EV-to-FCF is 26.62 as of Jul. 01, 2026, which is 230% above its 10-year median of 8.07. GuruFocus rates AVNW with a GF Score™ of 76/100 and a GF Value™ of $23.84 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,331 Hardware companies, Aviat Networks ranks worse than 51.77% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Aviat Networks's Enterprise Value is $315.8 Mil.
Aviat Networks's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $11.9 Mil. Therefore, Aviat Networks's EV-to-FCF for today is 26.62.
The historical rank and industry rank for Aviat Networks's EV-to-FCF or its related term are showing as below:
AVNW'
s EV-to-FCF Range Over the Past 10 Years
Min: -317.76 Med: 8.07 Max: 349.36
Current: 26.62
During the past 13 years, the highest EV-to-FCF of Aviat Networks was 349.36. The lowest was -317.76. And the median was 8.07.
AVNW's EV-to-FCF is ranked worse than 51.77% of 1331
companies
in the Hardware industry
Industry Median: 23.44
vs AVNW: 26.62
EV-to-FCF 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-FCF 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 $22.20.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Aviat Networks EV-to-FCF Related Terms
Aviat Networks EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Aviat Networks's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Aviat Networks's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Aviat Networks's EV-to-FCF falls into.
Aviat Networks's current Enterprise Value is $315.8 Mil.
Aviat Networks's Free Cash Flow 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 $11.9 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-FCF of 26.62 as of Jul. 01, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aviat Networks and its competitors. This is 230% above median its historical median of 8.07. According to the industry distribution chart, Aviat Networks ranks #689 out of 1331 companies in the Hardware industry, placing it in the top 51.8%.
Is Aviat Networks' EV-to-FCF too high?
Aviat Networks' current EV-to-FCF of 26.62 is 230% above median its 10-year median of 8.07. The Hardware industry median EV-to-FCF is 23.44. Aviat Networks' value of 26.62 is 13.6% above this industry median. Based on the distribution chart, Aviat Networks ranks #689 out of 1331 companies in the Hardware industry, which is below the industry midpoint. Overall, Aviat Networks has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aviat Networks' EV-to-FCF compare to LTRX and SILC?
According to the Hardware industry distribution chart, Aviat Networks ranks #689 out of 1331 companies for EV-to-FCF. This places Aviat Networks in the lower half of its industry. The industry median EV-to-FCF is 23.44. Aviat Networks' value of 26.62 is 13.6% above this benchmark. While the company's 10-year median is 8.07 vs. the industry median of 23.44, 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-FCF for a Hardware company?
The median EV-to-FCF among Hardware companies is 23.44, based on 1,331 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Aviat Networks's current EV-to-FCF of 26.62 is 13.6% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Aviat Networks and its competitors. For the Hardware industry, the median EV-to-FCF is 23.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aviat Networks's current EV-to-FCF is 26.62, which is 230% above median its own 10-year median of 8.07. 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 Fairly Valued. The stock's GF Value™ is $23.84, compared to a current price of $22.20 — trading 6.9% below its estimated fair value. The current EV-to-FCF is 26.62, which is 230% above median its 10-year median of 8.07 and 13.6% above the Hardware industry median of 23.44. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Aviat Networks (AVNW), the current EV-to-FCF is 26.62 as of Jul. 01, 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 $22.20 is trading 6.9% below its estimated GF Value™ of $23.84.
GuruFocus considers Aviat Networks to be Fairly Valued.
Key valuation signals for AVNW:
EV-to-FCF: 26.62 (230% above median its 10-year median of 8.07)
GF Value™: $23.84 vs. price of $22.20 (6.9% below fair value)
Industry Position: 13.6% above the Hardware median (#689 of 1331)
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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