Viavi SolutionsVIAV +2.08%57 PB Ratio is 13.93 as of Jun. 26, 2026, which is 290% above its 10-year median of 3.57. GuruFocus rates VIAV with a GF Score™ of 57/100 and a GF Value™ of $13.13 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 2,413 Hardware companies, Viavi Solutions ranks worse than 92.5% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-26), Viavi Solutions's share price is $50.43. Viavi Solutions's Book Value per Share for the quarter that ended in Mar. 2026 was $3.62. Hence, Viavi Solutions's PB Ratio of today is 13.93.
Warning Sign:
Viavi Solutions Inc stock PB Ratio (=13.93) is close to 10-year high of 15.29.
The historical rank and industry rank for Viavi Solutions's PB Ratio or its related term are showing as below:
VIAV'
s PB Ratio Range Over the Past 10 Years
Min: 2.17 Med: 3.57 Max: 15.29
Current: 13.93
During the past 13 years, Viavi Solutions's highest PB Ratio was 15.29. The lowest was 2.17. And the median was 3.57.
VIAV's PB Ratio is ranked worse than 92.5% of 2413
companies
in the Hardware industry
Industry Median: 2.4
vs VIAV: 13.93
During the past 12 months, Viavi Solutions's average Book Value Per Share Growth Rate was 10.80% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 5.60% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 1.00% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -1.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Viavi Solutions was 263.10% per year. The lowest was -64.10% per year. And the median was -0.10% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Viavi Solutions PB Ratio Related Terms
Viavi Solutions PB Ratio Historical Data
* Premium members only.
The historical data trend for Viavi Solutions's PB Ratio 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, Viavi Solutions's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Viavi Solutions's PB Ratio distribution charts can be found below:
* The bar in red indicates where Viavi Solutions's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Viavi Solutions's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Viavi Solutions (VIAV) has a PB Ratio of 13.93 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Viavi Solutions and its competitors. This is 290% above median its historical median of 3.57. Over the past decade, Viavi Solutions' PB Ratio has ranged from 2.17 to 15.29. According to the industry distribution chart, Viavi Solutions ranks #2232 out of 2413 companies in the Hardware industry, placing it in the top 92.5%.
Is Viavi Solutions' PB Ratio too high?
Viavi Solutions' current PB Ratio of 13.93 is 290% above median its 10-year median of 3.57. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 15.29. The Hardware industry median PB Ratio is 2.40. Viavi Solutions' value of 13.93 is 480.4% above this industry median. Based on the distribution chart, Viavi Solutions ranks #2232 out of 2413 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Viavi Solutions has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Viavi Solutions' PB Ratio compare to ZBRA and AAOI?
According to the Hardware industry distribution chart, Viavi Solutions ranks #2232 out of 2413 companies for PB Ratio. This places Viavi Solutions in the lower half of its industry. The industry median PB Ratio is 2.40. Viavi Solutions' value of 13.93 is 480.4% above this benchmark. Historically, Viavi Solutions' own PB Ratio has ranged from 2.17 to 15.29 over the past decade. While the company's 10-year median is 3.57 vs. the industry median of 2.40, 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 PB Ratio for a Hardware company?
The median PB Ratio among Hardware companies is 2.40, based on 2,413 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Viavi Solutions's current PB Ratio of 13.93 is 480.4% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Viavi Solutions and its competitors. For the Hardware industry, the median PB Ratio is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Viavi Solutions's current PB Ratio is 13.93, which is 290% above median its own 10-year median of 3.57. 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 $13.13, compared to a current price of $50.43 — trading 284.1% above its estimated fair value. The current PB Ratio is 13.93, which is 290% above median its 10-year median of 3.57 and 480.4% above the Hardware industry median of 2.40. Viavi Solutions' overall GF Score™ is 57/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Viavi Solutions (VIAV), the current PB Ratio is 13.93 as of Jun. 26, 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 $50.43 is trading 284.1% above its estimated GF Value™ of $13.13.
GuruFocus considers Viavi Solutions to be Significantly Overvalued.
Key valuation signals for VIAV:
PB Ratio: 13.93 (290% above median its 10-year median of 3.57)
GF Value™: $13.13 vs. price of $50.43 (284.1% above fair value)
Industry Position: 480.4% above the Hardware median (#2232 of 2413)
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.
57GF Score
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