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.
The historical rank and industry rank for Lumentum Holdings's Net Cash per Share or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Cash Ratio of Lumentum Holdings was 581.64. The lowest was 14.62. And the median was 35.06.
LITE's Price-to-Net-Cash is not ranked *
in the Hardware industry.
Industry Median: 8.69 * Ranked among companies with meaningful Price-to-Net-Cash only.
Lumentum Holdings (NAS:LITE) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
Lumentum Holdings Net Cash per Share Related Terms
Lumentum Holdings Net Cash per Share Historical Data
* Premium members only.
The historical data trend for Lumentum Holdings's Net Cash 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.
LITE vs MSI, CIEN, HPE: Net Cash per Share Comparison
For the Communication Equipment subindustry, Lumentum Holdings's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Hardware Industry
For the Hardware industry and Technology sector, Lumentum Holdings's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where Lumentum Holdings's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
Lumentum Holdings's Net Cash per Share for the fiscal year that ended in Jun. 2025 is calculated as
* 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.
Lumentum Holdings (LITE) has a Net Cash per Share of $-12.30 as of Mar. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Lumentum Holdings and its competitors. Over the past decade, Lumentum Holdings' Net Cash per Share has ranged from 14.62 to 581.64. According to the industry distribution chart, Lumentum Holdings ranks #999999 out of 625 companies in the Hardware industry.
Is Lumentum Holdings' Net Cash per Share too high?
Lumentum Holdings' current Net Cash per Share is $-12.30. Over the past 10 years, this metric has ranged from a low of 14.62 to a high of 581.64. Based on the distribution chart, Lumentum Holdings ranks #999999 out of 625 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Lumentum Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Lumentum Holdings' Net Cash per Share compare to MSI and CIEN?
According to the Hardware industry distribution chart, Lumentum Holdings ranks #999999 out of 625 companies for Net Cash per Share. This places Lumentum Holdings in the lower half of its industry. The industry median Net Cash per Share is 8.69. Historically, Lumentum Holdings' own Net Cash per Share has ranged from 14.62 to 581.64 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for a Hardware company?
The median Net Cash per Share among Hardware companies is 8.69, based on 625 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on Lumentum Holdings and its competitors. For the Hardware industry, the median Net Cash per Share is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lumentum Holdings's current Net Cash per Share is $-12.30. 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 $100.26, compared to a current price of $833.64 — trading 731.5% above its estimated fair value. The current Net Cash per Share is $-12.30. Lumentum Holdings' overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For Lumentum Holdings (LITE), the current Net Cash per Share is $-12.30 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 Lumentum Holdings (LITE) Overvalued in 2026?
Based on GuruFocus' analysis, Lumentum Holdings stock appears to be overvalued.
The current stock price of $833.64 is trading 731.5% above its estimated GF Value™ of $100.26.
GuruFocus considers Lumentum Holdings to be Significantly Overvalued.
Key valuation signals for LITE:
Net Cash per Share: $-12.30
GF Value™: $100.26 vs. price of $833.64 (731.5% 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.
61GF Score
Get the complete analysis for LITE
Net Cash per Share 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 
