Lumentum Holdings Inc. (LITE) Financial Ratios
13 years of historical data (2013–2025) · Technology · Communication Equipment
EV/EBITDA
↑
819.55
↑+1689% vs avg
5yr avg: 45.82
30Y Low13.9·High44.1
P/FCF
↑
N/A
—
5yr avg: 33.66
30Y Low9.5·High75.5
P/B Ratio
↑
52.14
↑+1311% vs avg
5yr avg: 3.70
30Y Low2.5·High5.8
ROE
↓
2.5%
↓+139% vs avg
5yr avg: -6.4%
30Y Low-47%·High31%
Debt/EBITDA
↑
34.05
↑+122% vs avg
5yr avg: 15.34
30Y Low1.6·High34.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
LITE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Lumentum Holdings Inc. trades at 2297.3x earnings, 2079% above its 5-year average of 105.4x, sitting at the 100th percentile of its historical range. Compared to the Technology sector median P/E of 29.0x, the stock trades at a premium of 7820%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $60.7B | $6.6B | $3.4B | $3.9B | $5.9B | $6.1B | $5.9B | $3.8B | $3.7B | $3.5B | $1.5B |
| Enterprise Value | $62.8B | $8.7B | $5.5B | $5.9B | $6.5B | $6.6B | $6.8B | $4.2B | $3.6B | $3.5B | $1.3B |
| P/E Ratio → | 2297.30 | 256.08 | — | — | 29.63 | 30.61 | 43.50 | — | 14.77 | — | — |
| P/S Ratio | 36.89 | 4.01 | 2.52 | 2.19 | 3.44 | 3.55 | 3.52 | 2.41 | 2.94 | 3.45 | 1.64 |
| P/B Ratio | 52.14 | 5.81 | 3.58 | 2.86 | 3.14 | 3.09 | 3.38 | 2.52 | 3.81 | 5.28 | 2.78 |
| P/FCF | — | — | — | 75.53 | 16.01 | 9.45 | 13.48 | 23.01 | 23.75 | — | 321.97 |
| P/OCF | 480.52 | 52.21 | 138.74 | 21.55 | 12.83 | 8.24 | 11.27 | 11.44 | 14.81 | 40.67 | 17.10 |
P/E links to full P/E history page with 30-year chart
LITE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Lumentum Holdings Inc.'s enterprise value stands at 819.5x EBITDA, 1689% above its 5-year average of 45.8x. The Technology sector median is 16.7x, placing the stock at a 4818% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.28 | 4.08 | 3.33 | 3.82 | 3.83 | 4.05 | 2.67 | 2.89 | 3.50 | 1.47 |
| EV / EBITDA | 819.55 | 113.34 | — | 42.10 | 13.90 | 13.93 | 17.17 | 44.14 | 16.63 | 32.25 | 20.03 |
| EV / EBIT | — | — | — | — | 20.74 | 20.78 | 28.87 | 1394.93 | 24.46 | — | 135.10 |
| EV / FCF | — | — | — | 114.80 | 17.76 | 10.18 | 15.51 | 25.50 | 23.39 | — | 287.81 |
LITE Profitability
Margins and return-on-capital ratios measuring operating efficiency
Lumentum Holdings Inc. earns an operating margin of -10.9%. Operating margins have compressed from -6.5% to -10.9% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 2.5% 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 | 28.0% | 28.0% | 18.5% | 32.2% | 46.0% | 46.0% | 38.7% | 27.2% | 34.9% | 31.8% | 30.7% |
| Operating Margin | -10.9% | -10.9% | -31.9% | -6.5% | 17.7% | 17.7% | 12.2% | -4.0% | 11.2% | 4.8% | 1.3% |
| Net Profit Margin | 1.6% | 1.6% | -40.2% | -7.4% | 11.6% | 11.6% | 8.1% | -2.3% | 19.9% | -10.2% | 1.0% |
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 | 2.5% | 2.5% | -47.3% | -8.1% | 10.3% | 10.7% | 8.3% | -3.0% | 30.7% | -17.3% | 2.0% |
| ROA | 0.6% | 0.6% | -12.8% | -3.0% | 5.2% | 5.8% | 4.5% | -1.7% | 17.6% | -10.5% | 1.5% |
| ROIC | -4.3% | -4.3% | -10.1% | -2.9% | 9.2% | 9.0% | 6.7% | -3.3% | 13.1% | 6.6% | 2.3% |
| ROCE | -4.8% | -4.8% | -11.3% | -3.1% | 9.6% | 10.3% | 7.5% | -3.3% | 11.6% | 5.9% | 2.4% |
LITE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Lumentum Holdings Inc. carries a Debt/EBITDA ratio of 34.0x, which is highly leveraged (1057% above the sector average of 2.9x). Net debt stands at $2.1B ($2.6B total debt minus $521M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.30 | 2.30 | 2.67 | 2.12 | 1.03 | 0.63 | 0.68 | 0.56 | 0.36 | 0.49 | — |
| Debt / EBITDA | 34.05 | 34.05 | — | 20.54 | 4.12 | 2.64 | 3.00 | 8.87 | 1.57 | 2.92 | — |
| Net Debt / Equity | — | 1.84 | 2.22 | 1.49 | 0.34 | 0.24 | 0.51 | 0.27 | -0.06 | 0.07 | -0.29 |
| Net Debt / EBITDA | 27.25 | 27.25 | — | 14.40 | 1.37 | 0.99 | 2.25 | 4.31 | -0.26 | 0.41 | -2.38 |
| Debt / FCF | — | — | — | 39.27 | 1.75 | 0.72 | 2.03 | 2.49 | -0.36 | — | -34.15 |
| Interest Coverage | -6.75 | -6.75 | -11.00 | -1.88 | 3.93 | 3.93 | 3.85 | 0.08 | 8.11 | -9.87 | 98.00 |
LITE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Lumentum Holdings Inc.'s current ratio of 4.37x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 3.18x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.37 | 4.37 | 5.90 | 4.38 | 4.38 | 3.67 | 7.24 | 4.53 | 5.27 | 5.05 | 2.82 |
| Quick Ratio | 3.18 | 3.18 | 4.43 | 3.74 | 4.03 | 3.37 | 6.58 | 3.76 | 4.55 | 4.26 | 2.24 |
| Cash Ratio | 2.23 | 2.23 | 3.29 | 3.18 | 3.56 | 2.93 | 5.49 | 2.61 | 3.32 | 3.01 | 0.90 |
| Asset Turnover | — | 0.39 | 0.35 | 0.38 | 0.41 | 0.48 | 0.51 | 0.58 | 0.79 | 0.81 | 1.24 |
| Inventory Turnover | 2.52 | 2.52 | 2.78 | 2.93 | 3.69 | 4.70 | 5.44 | 4.98 | 5.31 | 4.71 | 6.22 |
| Days Sales Outstanding | — | 55.47 | 52.28 | 50.84 | 55.84 | 45.35 | 50.77 | 55.50 | 57.66 | 60.60 | 68.92 |
LITE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Lumentum Holdings Inc. returns 0.1% to shareholders annually primarily through share buybacks. The earnings yield of 0.0% (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 | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | 5.4% |
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 | 0.0% | 0.4% | — | — | 3.4% | 3.3% | 2.3% | — | 6.8% | — | — |
| FCF Yield | — | — | — | 1.3% | 6.2% | 10.6% | 7.4% | 4.3% | 4.2% | — | 0.3% |
| Buyback Yield | 0.1% | 0.6% | 0.0% | 4.5% | 9.2% | 4.5% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.1% | 0.6% | 0.0% | 4.5% | 9.2% | 4.5% | 3.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $70M | $67M | $68M | $74M | $74M | $78M | $71M | $63M | $61M | $61M |
Peer Comparison
Compare LITE 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 |
|---|---|---|---|---|---|---|---|---|---|
 LITEYou | $61B | 2297.3 | 819.5 | — | 28.0% | -10.9% | 2.5% | -4.3% | 34.0 |
 COHR | $62B | -749.2 | 58.7 | 320.5 | 35.4% | 9.4% | 0.6% | 3.6% | 3.5 |
 AAOI | $13B | -252.9 | — | — | 30.0% | -12.0% | -7.9% | -7.9% | — |
 IPGP | $5B | 161.7 | 57.6 | — | 38.0% | 1.3% | 1.5% | 0.6% | — |
 VIAV | $11B | 314.5 | 83.7 | 176.0 | 56.8% | 6.5% | 4.8% | 5.5% | 5.2 |
 CIEN | $61B | 503.8 | 135.5 | 91.1 | 42.0% | 6.5% | 4.4% | 6.9% | 3.5 |
 ACMR | $7B | 80.2 | 54.2 | — | 44.4% | 12.1% | 6.2% | 7.0% | 2.4 |
 MTSI | $30B | -536.2 | 157.0 | 154.9 | 54.9% | 13.4% | -4.4% | 6.0% | 2.8 |
 OLED | $4B | 17.5 | 13.8 | 27.1 | 73.4% | 38.5% | 14.3% | 11.7% | 0.1 |
 CSCO | $471B | 46.9 | 33.6 | 35.5 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
 AAPL | $4.4T | 39.9 | 30.8 | 44.3 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 13 years · Updated daily
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LITE — Frequently Asked Questions
Quick answers to the most common questions about buying LITE stock.
What is Lumentum Holdings Inc.'s P/E ratio?
Lumentum Holdings Inc.'s current P/E ratio is 2297.3x. The historical average is 29.6x. This places it at the 100th percentile of its historical range.
What is Lumentum Holdings Inc.'s EV/EBITDA?
Lumentum Holdings Inc.'s current EV/EBITDA is 819.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.0x.
What is Lumentum Holdings Inc.'s ROE?
Lumentum Holdings Inc.'s return on equity (ROE) is 2.5%. The historical average is -0.5%.
Is LITE stock overvalued?
Based on historical data, Lumentum Holdings Inc. is trading at a P/E of 2297.3x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Lumentum Holdings Inc.'s profit margins?
Lumentum Holdings Inc. has 28.0% gross margin and -10.9% operating margin.
How much debt does Lumentum Holdings Inc. have?
Lumentum Holdings Inc.'s Debt/EBITDA ratio is 34.0x, indicating high leverage. A ratio above 4x may signal elevated financial risk.