Lumentum Holdings (MIL:1LITE) Shiller PE Ratio: (As of Aug. 20, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

MIL:1LITE Lumentum Holdings Inc MIL:1LITE
52 GF Score
Price €718.90
GF Value €140.69
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Lumentum Holdings Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Lumentum Holdings  (MIL:1LITE) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Lumentum Holdings Shiller PE Ratio Related Terms


Lumentum Holdings Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Lumentum Holdings's Shiller PE 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.

Lumentum Holdings Shiller PE Ratio Chart

Lumentum Holdings Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 203.42 336.79 0.00

Lumentum Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 336.79 520.81 923.03 1,222.31 0.00

MIL:1LITE vs HPE, CIEN, MSI: Shiller PE Ratio Comparison

For the Communication Equipment subindustry, Lumentum Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Lumentum Holdings Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Lumentum Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Lumentum Holdings's Shiller PE Ratio falls into.


MIL:1LITE
52GF Score
Lumentum Holdings Inc MIL:1LITE
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lumentum Holdings Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Lumentum Holdings's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Lumentum Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-73.476/333.9520*333.9520
=-73.476

Current CPI (Jun. 2026) = 333.9520.

Lumentum Holdings Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 -0.053 241.428 -0.073
201612 0.180 241.432 0.249
201703 -0.860 243.801 -1.178
201706 -0.801 244.955 -1.092
201709 0.034 246.819 0.046
201712 2.577 246.524 3.491
201803 0.032 249.554 0.043
201806 0.342 251.989 0.453
201809 0.617 252.439 0.816
201812 0.070 251.233 0.093
201903 -0.867 254.202 -1.139
201906 -0.301 256.143 -0.392
201909 0.554 256.759 0.721
201912 0.567 256.974 0.737
202003 0.507 258.115 0.656
202006 -0.053 257.797 -0.069
202009 0.730 260.280 0.937
202012 0.871 260.474 1.117
202103 2.394 264.877 3.018
202106 0.232 271.696 0.285
202109 0.918 274.310 1.118
202112 0.664 278.802 0.795
202203 0.318 287.504 0.369
202206 0.464 296.311 0.523
202209 -0.010 296.808 -0.011
202212 -0.434 296.797 -0.488
202303 -0.532 301.836 -0.589
202306 -0.812 305.109 -0.889
202309 -0.956 307.789 -1.037
202312 -1.348 306.746 -1.468
202403 -1.730 312.332 -1.850
202406 -3.456 314.175 -3.674
202409 -1.090 315.301 -1.154
202412 -0.840 315.605 -0.889
202503 -0.592 319.799 -0.618
202506 2.566 322.561 2.657
202509 0.043 324.800 0.044
202512 0.760 324.054 0.783
202603 1.297 330.213 1.312
202606 -73.476 333.952 -73.476

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Lumentum Holdings (MIL:1LITE) Overvalued in 2026?

Based on GuruFocus' analysis, Lumentum Holdings stock appears to be overvalued. The current stock price of €718.90 is trading 411% above its estimated GF Value™ of €140.69. GuruFocus considers Lumentum Holdings to be Significantly Overvalued.

Key valuation signals for MIL:1LITE:

  • Shiller PE Ratio:
  • GF Value™: €140.69 vs. price of €718.90 (411% above fair value)
  • GF Score™: 52/100 with 6 warning signs

No single metric tells the full story. See the MIL:1LITE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lumentum Holdings Business Description

Address 1001 Ridder Park Drive, San Jose, CA, USA, 95131
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.
52GF Score

Get the complete analysis for MIL:1LITE

Shiller PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€718.90
Price
€140.69
GF Value