Viavi Solutions Inc.
$8.20B- Market cap
- $8.61B
- Debt
- +$244.80M
- Cash
- −$649.80M
Capital structure 97% equity / 3% debt · EV / Revenue 5.40x · EV / EBITDA 66.90x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · Mkt cap
Decision snapshot: VIAV stock price at discount vs ZS $34.88 current versus $50.82 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 ZS'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 discount
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: VIAV FY 2026 (ended Jun 27, 2026) · ZS FY 2026 (ended Jul 31, 2026). Fiscal years are not aligned.
Trendline
Five 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 66.90x
Capital structure 94% equity / 6% debt · EV / Revenue 8.55x · EV / EBITDA 262.37x
ZS carries the larger enterprise value at $28.67B against $8.20B; VIAV trades on the lower EV / Revenue multiple (5.40x vs 8.55x); VIAV on the lower EV / EBITDA (66.90x vs 262.37x).
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.
Zscaler Inc · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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
0.73x
Net debt / EBITDA
Leverage against operating earnings
-3.30x
8.93x
Cash and equivalents
Liquid reserves on the balance sheet
$649.80M
$928.35M
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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$244.80M
$1.90B
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