Is Aviat Networks, Inc. overvalued or undervalued?

As of 10 September 2025, the valuation grade for Aviat Networks, Inc. has moved from risky to attractive, indicating a significant improvement in its perceived value. The company appears to be undervalued, particularly when considering its Price to Book Value of 1.10, EV to EBITDA of 17.28, and EV to Sales ratio of 0.71, which suggest that it is trading at a discount relative to its assets and earnings potential. In comparison to its peers, Aviat Networks has a notably low EV to EBITDA ratio compared to Infinera Corp. at 325.0949 and Gilat Satellite Networks Ltd. at 16.4303, reinforcing the notion of undervaluation. Additionally, while Aviat Networks has experienced a 33.68% return year-to-date, it has underperformed the S&P 500's 12.22% return over the same period, which may indicate a market mispricing that could correct in the future.