Viavi Solutions Inc.
$8.20B- Market cap
- $8.60B
- Debt
- +$244.80M
- Cash
- −$649.80M
Capital structure 97% equity / 3% debt · EV / Revenue 5.40x · EV / EBITDA 66.86x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: VIAV stock price at premium vs NOC $34.86 current versus $10.73 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at NOC's multiple
Implied fair value · at VIAV's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: VIAV FY 2026 (ended Jun 27, 2026) · NOC FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 97% equity / 3% debt · EV / Revenue 5.40x · EV / EBITDA 66.86x
Capital structure 82% equity / 18% debt · EV / Revenue 2.00x · EV / EBITDA 16.42x
NOC carries the larger enterprise value at $83.97B against $8.20B; NOC trades on the lower EV / Revenue multiple (2.00x vs 5.40x); NOC on the lower EV / EBITDA (16.42x vs 66.86x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
Viavi Solutions Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
NORTHROP GRUMMAN CORP /DE/ · implied price per share
Bear
$151.40
Base
$196.52
Bull
$257.41
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.17x
0.94x
Net debt / EBITDA
Leverage against operating earnings
-3.30x
2.11x
Cash and equivalents
Liquid reserves on the balance sheet
$649.80M
$4.89B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$244.80M
$15.70B
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