Aviat Networks, Inc. (AVNW) Financial Ratios
30 years of historical data (1996–2025) · Technology · Communication Equipment
EV/EBITDA
↓
N/A
—
5yr avg: 9.12
30Y Low6.0·High96.2
P/FCF
↓
N/A
—
5yr avg: 112.12
30Y Low7.3·High145.3
P/B Ratio
↓
0.80
↓-48% vs avg
5yr avg: 1.54
30Y Low0.6·High37.7
ROE
↓
0.5%
↑-93% vs avg
5yr avg: 7.2%
30Y Low-79%·High16%
Debt/EBITDA
↓
N/A
—
5yr avg: 0.09
30Y Low0.0·High5.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
AVNW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Aviat Networks, Inc. trades at 164.7x earnings, 150% above its 5-year average of 65.8x, sitting at the 88th percentile of its historical range. Compared to the Technology sector median P/E of 27.5x, the stock trades at a premium of 499%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $213M | $307M | $357M | $396M | $297M | $377M | $102M | $77M | $92M | $92M | $42M |
| Enterprise Value | $244M | $338M | $345M | $376M | $263M | $343M | $73M | $54M | $64M | $65M | $21M |
| P/E Ratio → | 164.70 | 239.40 | 33.36 | 38.80 | 14.02 | 3.38 | 395.74 | 7.87 | 51.19 | — | — |
| P/S Ratio | 0.49 | 0.71 | 0.88 | 1.15 | 0.98 | 1.24 | 0.43 | 0.32 | 0.38 | 0.38 | 0.16 |
| P/B Ratio | 0.80 | 1.17 | 1.40 | 1.81 | 1.47 | 1.87 | 1.48 | 1.08 | 1.61 | 1.69 | 0.79 |
| P/FCF | — | — | 12.82 | — | 297.46 | 26.08 | 7.89 | — | 56.20 | 17.10 | — |
| P/OCF | 37.25 | 53.67 | 11.70 | — | 106.33 | 21.78 | 5.81 | 26.14 | 11.27 | 9.79 | — |
P/E links to full P/E history page with 30-year chart
AVNW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.78 | 0.85 | 1.09 | 0.87 | 1.13 | 0.31 | 0.22 | 0.26 | 0.27 | 0.08 |
| EV / EBITDA | — | — | — | — | 7.91 | 10.32 | 9.38 | 9.26 | 9.83 | 13.48 | — |
| EV / EBIT | — | 35.11 | 17.92 | 17.22 | 9.06 | 11.83 | 9.81 | 32.70 | 24.68 | — | — |
| EV / FCF | — | — | 12.38 | — | 263.40 | 23.73 | 5.65 | — | 38.93 | 12.15 | — |
AVNW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Aviat Networks, Inc. earns an operating margin of -2.4%. Operating margins have expanded from -7.1% to -2.4% over the past 3 years, signaling improving operational efficiency. ROE of 0.5% is modest.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 32.1% | 32.1% | 35.5% | 35.5% | 36.1% | 36.1% | 35.5% | 32.5% | 33.2% | 31.2% | 23.0% |
| Operating Margin | -2.4% | -2.4% | -4.8% | -7.1% | 9.5% | 9.5% | 1.4% | 0.6% | 0.5% | -0.4% | -10.2% |
| Net Profit Margin | 0.3% | 0.3% | 2.6% | 3.0% | 7.0% | 7.0% | 0.1% | 4.0% | 0.8% | -0.3% | -11.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.5% | 0.5% | 4.5% | 4.8% | 10.5% | 15.6% | 0.4% | 15.1% | 3.3% | -1.5% | -43.6% |
| ROA | 0.2% | 0.2% | 2.4% | 3.0% | 6.5% | 8.4% | 0.1% | 6.0% | 1.2% | -0.5% | -15.3% |
| ROIC | -2.9% | -2.9% | -6.6% | -10.1% | 12.8% | 20.8% | 5.7% | 2.6% | 3.5% | -2.5% | -45.7% |
| ROCE | -3.2% | -3.2% | -7.1% | -10.9% | 13.1% | 18.8% | 3.9% | 1.7% | 1.9% | -1.5% | -32.6% |
AVNW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $31M ($91M total debt minus $60M cash). Interest coverage of just 1.6x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.35 | 0.35 | 0.20 | 0.01 | 0.01 | 0.01 | 0.19 | 0.13 | 0.16 | 0.17 | 0.17 |
| Debt / EBITDA | — | — | — | — | 0.09 | 0.09 | 1.64 | 1.54 | 1.38 | 1.85 | — |
| Net Debt / Equity | — | 0.12 | -0.05 | -0.09 | -0.17 | -0.17 | -0.42 | -0.32 | -0.49 | -0.49 | -0.40 |
| Net Debt / EBITDA | — | — | — | — | -1.02 | -1.02 | -3.72 | -3.93 | -4.36 | -5.49 | — |
| Debt / FCF | — | — | -0.45 | — | -34.05 | -2.35 | -2.24 | — | -17.27 | -4.95 | — |
| Interest Coverage | 1.59 | 1.59 | 8.23 | 41.06 | — | — | 137.54 | 16.20 | 89.52 | -11.10 | -273.45 |
AVNW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.64x means Aviat Networks, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.81x to 1.64x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.64 | 1.64 | 1.85 | 1.81 | 1.98 | 1.98 | 1.49 | 1.53 | 1.43 | 1.45 | 1.40 |
| Quick Ratio | 1.35 | 1.35 | 1.57 | 1.56 | 1.72 | 1.72 | 1.33 | 1.42 | 1.16 | 1.17 | 1.10 |
| Cash Ratio | 0.21 | 0.21 | 0.30 | 0.17 | 0.46 | 0.46 | 0.44 | 0.39 | 0.43 | 0.42 | 0.31 |
| Asset Turnover | — | 0.69 | 0.76 | 0.95 | 0.94 | 0.94 | 1.33 | 1.44 | 1.55 | 1.59 | 1.62 |
| Inventory Turnover | 3.51 | 3.51 | 4.23 | 6.64 | 7.13 | 7.13 | 10.11 | 17.31 | 7.11 | 7.03 | 6.82 |
| Days Sales Outstanding | — | 256.56 | 234.39 | 176.96 | 143.40 | 143.40 | 111.26 | 119.32 | 86.15 | 87.61 | 93.14 |
AVNW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Aviat Networks, Inc. returns 0.3% to shareholders annually primarily through share buybacks. The earnings yield of 0.6% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.6% | 0.4% | 3.0% | 2.6% | 7.1% | 29.5% | 0.3% | 12.7% | 2.0% | — | — |
| FCF Yield | — | — | 7.8% | — | 0.3% | 3.8% | 12.7% | — | 1.8% | 5.8% | — |
| Buyback Yield | 0.3% | 0.2% | 0.1% | 0.0% | 1.8% | 0.2% | 1.7% | 3.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.3% | 0.2% | 0.1% | 0.0% | 1.8% | 0.2% | 1.7% | 3.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $13M | $12M | $12M | $12M | $12M | $11M | $11M | $11M | $11M | $10M |
Peer Comparison
Compare AVNW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 AVNWYou | $213M | 164.7 | — | — | 32.1% | -2.4% | 0.5% | -2.9% | — |
 CIEN | $82B | 678.6 | 181.9 | 122.6 | 41.5% | 6.5% | 4.4% | 6.9% | 3.5 |
 ADTN | $1B | -27.6 | 18.4 | 12.9 | 38.3% | -1.4% | -8.5% | -1.7% | 3.2 |
 CALX | $3B | 170.5 | 71.0 | 24.8 | 56.8% | 2.1% | 2.2% | 2.1% | 0.7 |
 DCOM | $2B | 15.7 | -2.2 | 9.0 | 56.1% | 21.5% | 7.7% | 5.6% | 2.4 |
 CSCO | $363B | 35.9 | 26.2 | 27.3 | 64.9% | 20.8% | 22.1% | 13.0% | 2.0 |
 VIAV | $12B | 353.3 | 93.8 | 197.8 | 56.8% | 6.5% | 4.8% | 5.5% | 5.2 |
 NTGR | $699M | -22.4 | — | — | 36.2% | -5.1% | -6.3% | -8.4% | — |
 SATS | $17B | -2.5 | — | — | 37.1% | -118.1% | -178.7% | -32.9% | — |
 QCOM | $203B | 38.5 | 15.2 | 15.8 | 55.4% | 27.9% | 23.3% | 29.1% | 1.2 |
 MRVL | $149B | 56.1 | 114.1 | 106.8 | 51.0% | 16.1% | 19.3% | 6.0% | 3.4 |
| Technology Median | — | 27.5 | 17.4 | 19.8 | 48.6% | -0.5% | 2.4% | 2.9% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonAVNW — Frequently Asked Questions
Quick answers to the most common questions about buying AVNW stock.
What is Aviat Networks, Inc.'s P/E ratio?
Aviat Networks, Inc.'s current P/E ratio is 164.7x. The historical average is 53.6x. This places it at the 88th percentile of its historical range.
What is Aviat Networks, Inc.'s ROE?
Aviat Networks, Inc.'s return on equity (ROE) is 0.5%. The historical average is -16.4%.
Is AVNW stock overvalued?
Based on historical data, Aviat Networks, Inc. is trading at a P/E of 164.7x. This is at the 88th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Aviat Networks, Inc.'s profit margins?
Aviat Networks, Inc. has 32.1% gross margin and -2.4% operating margin.