VIAV Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	11.18B EUR	11.78B EUR	7.78B EUR	4.12B EUR
Enterprise Value	10.93B EUR	11.83B EUR	8.42B EUR	4.69B EUR
Valuation Multiples
Trailing P/E	--	--	--	--
Forward P/E	23.3x	--	--	--
Price to Sales	7.36x	7.76x	5.7x	4.3x
Price to Book	7.75x	8.13x	9.2x	4.94x
EV/Revenue	7.2x	7.79x	6.17x	4.89x
EV/EBITDA	39.18x	48.66x	45.89x	44.73x
Price to FCF (P/FCF)	70.44x	142.26x	171.08x	53.07x
EV/FCF	68.86x	142.87x	185.09x	60.33x
FCF Yield	1.42%	0.7%	0.58%	1.88%