VIAVViavi Solutions Inc.

$30.44+129% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 30 out of 100, Below average
Today's price. Only valuation depends on it.

Below average. Viavi Solutions Inc. scores higher than 28% of the 2,231 companies Ryufin scores.

Carried by capital allocation and earnings quality, held back by valuation and return on new capital.

Technology median 46 · all companies 55

How the score has moved

At each fiscal year end, from the reports and price of the time
62
61
53
35
39
30
30
202120222023202420252026today

The biggest move was down 18 points from 2023 to 2024, mostly return on new capital.

Valuation

26% of the score

0median 53

Viavi Solutions Inc. is valued at 61.4x its operating profit before acquisition amortisation (EBITA), including debt: past the 60 times where this criterion gives nothing.

60x
50x
35x
25x
18x
12x
8x
61.4x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score

27median 24

Over 7 years the business earned 5.6% a year after tax on the capital it uses.

2%
8%
15%
25%
5.6%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 4.1%

Return on new capital

16% of the score

0median 33

Over 6 years yearly profit fell by 15 cents for every dollar earned. New capital earned -11%, and 143% of profit went back into the business.

-5%
12%
-15%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

71median 63

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 0.6% a year over 5 years: buybacks
70
5%
-3%
-0.6%
0 pointsfull points
Assets against salesAssets grew 6.6% a year, sales 4.8%
73
12%
-2%
1.8%
0 pointsfull points

Cycle position

12% of the score

59median 63

Today's operating margin of 6.9% is 1.08x its normal 6.4%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
1.1x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 6.9%

Balance sheet

8% of the score

38median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDA1.7x a year of EBITDA
70
4.5x
0.5x
1.7x
0 pointsfull points
Interest coverOperating profit covers interest 2x
7
1.5x
12x
2.2x
0 pointsfull points

Earnings quality

6% of the score

91median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

AccrualsCash ran ahead of profit by 6.1% of assets
91
8%
0%
-8%
-6.1%
0 pointsfull points
Beneish M-scoreTaken out: sales grew 40% in a year, and the model flags that much growth on its own
n/a

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-06-27, latest annual report FY2026.