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Lumentum HoldingsXSWX:LITE1 67 Price-to-Tangible-Book is 24.58 as of Aug. 19, 2026, which is 334% above its 10-year median of 5.67. GuruFocus rates XSWX:LITE1 with a GF Score™ of 67/100 and a GF Value™ of CHF132.25. The stock has 6 warning signs investors should review. Among 2,319 Hardware companies, Lumentum Holdings ranks worse than 96.46% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Lumentum Holdings Price-to-Tangible-Book Related Terms
Lumentum Holdings Price-to-Tangible-Book Historical Data
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The historical data trend for Lumentum Holdings's Price-to-Tangible-Book 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.
XSWX:LITE1 vs HPE, CIEN, MSI: Price-to-Tangible-Book Comparison
For the Communication Equipment subindustry, Lumentum Holdings's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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-Tangible-Book vs Hardware Industry
For the Hardware industry and Technology sector, Lumentum Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Lumentum Holdings's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Lumentum Holdings (XSWX:LITE1) has a Price-to-Tangible-Book of 24.58 as of Aug. 19, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Lumentum Holdings and its competitors. This is 334% above median its historical median of 5.67. Over the past decade, Lumentum Holdings' Price-to-Tangible-Book has ranged from 4.00 to 23.82. According to the industry distribution chart, Lumentum Holdings ranks #2237 out of 2319 companies in the Hardware industry, placing it in the top 96.5%.
Is Lumentum Holdings' Price-to-Tangible-Book too high?
Lumentum Holdings' current Price-to-Tangible-Book of 24.58 is 334% above median its 10-year median of 5.67. Over the past 10 years, this metric has ranged from a low of 4.00 to a high of 23.82. The Hardware industry median Price-to-Tangible-Book is 2.52. Lumentum Holdings' value of 24.58 is 875.4% above this industry median. Based on the distribution chart, Lumentum Holdings ranks #2237 out of 2319 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Lumentum Holdings has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Lumentum Holdings' Price-to-Tangible-Book compare to HPE and CIEN?
According to the Hardware industry distribution chart, Lumentum Holdings ranks #2237 out of 2319 companies for Price-to-Tangible-Book. This places Lumentum Holdings in the lower half of its industry. The industry median Price-to-Tangible-Book is 2.52. Lumentum Holdings' value of 24.58 is 875.4% above this benchmark. Historically, Lumentum Holdings' own Price-to-Tangible-Book has ranged from 4.00 to 23.82 over the past decade. While the company's 10-year median is 5.67 vs. the industry median of 2.52, Lumentum Holdings 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 Price-to-Tangible-Book for a Hardware company?
The median Price-to-Tangible-Book among Hardware companies is 2.52, based on 2,319 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Lumentum Holdings's current Price-to-Tangible-Book of 24.58 is 875.4% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Lumentum Holdings and its competitors. For the Hardware industry, the median Price-to-Tangible-Book is 2.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lumentum Holdings's current Price-to-Tangible-Book is 24.58, which is 334% above median its own 10-year median of 5.67. 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?
Lumentum Holdings (XSWX:LITE1) has a current Price-to-Tangible-Book of 24.58. The stock's GF Value™ is CHF132.25, compared to a current price of CHF720.20 — trading 444.6% above its estimated fair value. The current Price-to-Tangible-Book is 24.58, which is 334% above median its 10-year median of 5.67 and 875.4% above the Hardware industry median of 2.52. Lumentum Holdings' overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Lumentum Holdings (XSWX:LITE1), the current Price-to-Tangible-Book is 24.58 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 Lumentum Holdings (XSWX:LITE1) Overvalued in 2026?
Based on GuruFocus' analysis, Lumentum Holdings stock appears to be overvalued.
The current stock price of CHF720.20 is trading 444.6% above its estimated GF Value™ of CHF132.25.
Key valuation signals for XSWX:LITE1:
Price-to-Tangible-Book: 24.58 (334% above median its 10-year median of 5.67)
GF Value™: CHF132.25 vs. price of CHF720.20 (444.6% above fair value)
Industry Position: 875.4% above the Hardware median (#2237 of 2319)
No single metric tells the full story. See the XSWX:LITE1 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.
67GF Score
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