Is Viavi Solutions, Inc. overvalued or undervalued?

As of 28 November 2025, the valuation grade for Viavi Solutions, Inc. has moved from expensive to attractive, indicating a shift towards a more favorable assessment. The company appears undervalued based on its current metrics, with a P/E ratio of 132, a Price to Book Value of 2.89, and an EV to EBITDA ratio of 22.50. In comparison, peers such as Pegasystems, Inc. have a P/E of 48.13 and an EV to EBITDA of 31.74, while Box, Inc. shows a more attractive P/E of 21.43 and an EV to EBITDA of 50.43.
Despite the high P/E ratio, Viavi's PEG ratio of 0.23 suggests that its growth potential is not being fully recognized by the market. The company's return performance compared to the S&P 500 has not been disclosed, but the recent valuation change reinforces the notion that Viavi may present a compelling investment opportunity at its current price of 17.94.