VIAV (Viavi Solutions) Scaled Net Operating Assets: 0.53 (As of Mar. 2026)


VIAV Viavi Solutions Inc VIAV
57 GF Score
Price $47.65
GF Value $13.13
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Viavi Solutions Scaled Net Operating Assets?

Viavi Solutions VIAV +0.04% 57 Scaled Net Operating Assets is 0.53 as of Mar. 2026. GuruFocus rates VIAV with a GF Score™ of 57/100 and a GF Value™ of $13.13 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Viavi Solutions's operating assets for the quarter that ended in Mar. 2026 was $2,027 Mil. Viavi Solutions's operating liabilities for the quarter that ended in Mar. 2026 was $545 Mil. Viavi Solutions's Total Assets for the quarter that ended in Dec. 2025 was $2,778 Mil. Therefore, Viavi Solutions's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.53.

Viavi Solutions Scaled Net Operating Assets Historical Data

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The historical data trend for Viavi Solutions's Scaled Net Operating Assets 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.

Viavi Solutions Scaled Net Operating Assets Chart

Viavi Solutions Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.45 0.44 0.52 0.47 0.60

Viavi Solutions Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.59 0.54 0.51 0.67 0.53

VIAV vs ZBRA, AAOI, VSAT: Scaled Net Operating Assets Comparison

For the Communication Equipment subindustry, Viavi Solutions's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Hardware Industry

For the Hardware industry and Technology sector, Viavi Solutions's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Viavi Solutions's Scaled Net Operating Assets falls into.


VIAV
57GF Score
Viavi Solutions Inc VIAV
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Viavi Solutions Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Viavi Solutions's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2025 )
=(Operating Assets (A: Jun. 2025 )-Operating Liabilities (A: Jun. 2025 ))/Total Assets (A: Jun. 2024 )
=(1568.5-521.3)/1736.3
=0.60

where

Operating Assets(A: Jun. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=1993.8 - 425.3
=1568.5

Operating Liabilities(A: Jun. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1213.6 - 435.9 - 256.4
=521.3

Viavi Solutions's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(2027-544.8)/2777.8
=0.53

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=2527.8 - 500.8
=2027

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1681.3 - 880.5 - 256
=544.8

* 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.

What does a Scaled Net Operating Assets of 0.53 mean?
Viavi Solutions (VIAV) has a Scaled Net Operating Assets of 0.53 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Viavi Solutions and its competitors.
Is Viavi Solutions' Scaled Net Operating Assets too high?
Viavi Solutions' current Scaled Net Operating Assets is 0.53. 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' Scaled Net Operating Assets compare to ZBRA and AAOI?
Viavi Solutions' Scaled Net Operating Assets of 0.53 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Hardware company?
A good Scaled Net Operating Assets depends on the Hardware industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Viavi Solutions and its competitors. Viavi Solutions's current Scaled Net Operating Assets is 0.53. 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 $47.65 — trading 262.9% above its estimated fair value. The current Scaled Net Operating Assets is 0.53. Viavi Solutions' overall GF Score™ is 57/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Viavi Solutions (VIAV), the current Scaled Net Operating Assets is 0.53 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 Viavi Solutions (VIAV) Overvalued in 2026?

Based on GuruFocus' analysis, Viavi Solutions stock appears to be overvalued. The current stock price of $47.65 is trading 262.9% above its estimated GF Value™ of $13.13. GuruFocus considers Viavi Solutions to be Significantly Overvalued.

Key valuation signals for VIAV:

  • Scaled Net Operating Assets: 0.53
  • GF Value™: $13.13 vs. price of $47.65 (262.9% above fair value)
  • GF Score™: 57/100 with 7 warning signs

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 Business Description

Other Exchanges VIAV:MexicoUNS1:Germany
Address 1445 South Spectrum Boulevard, Suite 102, Chandler, AZ, USA, 85286
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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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$47.65
Price
$13.13
GF Value