Lumentum Holdings Inc. (LITE) Stock Analysis
Over the past 10 years, Lumentum (LITE) earnings per share (EPS) declined 18582.0% a year, revenue grew 12.8% a year and free cash flow grew 51.9% a year, with an average return on invested capital (ROIC) of 3.0%. LITE stock trades at $1,069.60, a P/E of 127.8, below its historical average of 140.1. Analysts' average 12-month price target is $1,112.15 (+4.0%).
Lumentum Holdings Inc., established in 2015 and headquartered in San Jose, California, is a global leader in optical and photonic product manufacturing. The company's reach extends across the Americas, Asia-Pacific, Europe, the Middle East, and Africa.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 21.7% | 18.5% | 295.0% | A+ |
| EPS GrowthEPS | -18582.0% | -686.4% | 308.3% | F |
| Revenue GrowthRevenue | 12.8% | 12.0% | 83.2% | A+ |
| Cash Flow GrowthCash Flow | 51.9% | -14.2% | 625.8% | B+ |
| ROICROIC | 3.0% | 0.7% | 7.9% | C |
Exhibit B Valuation Ledger
- Current EPS
- $8.37
- Historical Avg P/E
- 140.1
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $8.71 | $10.80 | $15.20 | $21.18 | $22.54 | $26.59 | $25.27 | $19.85 | $14.22 | $16.30 | $62.25 | $62.25 | |
| Basic EPSEPS | -$0.05 | -$1.71 | $3.88 | -$0.54 | $1.79 | $2.79 | $2.79 | -$1.93 | -$8.12 | $0.38 | -$92.96 | $8.37 | |
| RevenueRevenue | $903,000,000 | $1,001,600,000 | $1,247,700,000 | $1,565,300,000 | $1,678,600,000 | $1,712,600,000 | $1,712,600,000 | $1,767,000,000 | $1,359,200,000 | $1,645,000,000 | $3,014,000,000 | $3,014,000,000 | |
| Free Cash FlowCash Flow | $4,600,000 | $-53,100,000 | $154,300,000 | $164,100,000 | $438,300,000 | $643,900,000 | $368,100,000 | $51,300,000 | $-111,300,000 | $-104,700,000 | $300,100,000 | $550,500,000 | |
| ROIC (%)ROIC | 2.0% | 4.5% | 10.2% | -0.9% | 5.3% | 7.8% | 6.6% | -2.0% | -9.8% | 0.8% | 7.9% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
25 firms rate it — 1 strong buy, 17 buy, 7 hold · Most recent Oct 2026
LITE Stock FAQ
What is LITE's stock price target?
The average 12-month analyst price target for LITE is $1,112.15, with a range of $820.00 to $1,270.00. That is +4.0% from the current price of $1,069.60.
Do analysts rate LITE a buy?
Most rate it a buy. Of 25 firms covering Lumentum, the ratings are 18 buy or strong buy, 7 hold and 0 sell or strong sell.
How fast is Lumentum growing?
Annual growth rates for LITE. EPS: -18582.0% over 10 years, -686.4% over 5 years, 308.3% over 1 year. Revenue: 12.8% over 10 years, 12.0% over 5 years, 83.2% over 1 year. Free cash flow: 51.9% over 10 years, -14.2% over 5 years, 625.8% over 1 year. Book value per share: 21.7% over 10 years, 18.5% over 5 years, 295.0% over 1 year.
What is LITE's ROIC?
Lumentum's return on invested capital (ROIC) was 7.9% in fiscal 2026. Its 10-year average ROIC is 3.0%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is LITE's P/E ratio?
LITE's current P/E ratio is 127.8, compared with a historical average of 140.1. Trailing earnings per share are $8.37.
What is Lumentum's market cap and stock price?
LITE last traded at $1,069.60 as of October 8, 2026. Its 52-week range is $147.81 to $1,137.21. Lumentum has a market cap of $83.21B.
Exhibit D Related Coverage
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Data as of October 8, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.