Price to Earnings (P/E)
since 2015
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Lumentum Holdings Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Operating Profit Margin since 2015
- Return on Equity (ROE) since 2015
- Debt to Equity since 2015
- Total Asset Turnover since 2015
- Aggregate Accruals
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Calculation
Lumentum Holdings Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to common stockholders1 (in thousands) | ÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Aug 17, 2026 | = | ÷ | = | ÷ | |||||||
| Aug 19, 2025 | = | ÷ | = | ÷ | |||||||
| Aug 21, 2024 | = | ÷ | = | ÷ | |||||||
| Aug 23, 2023 | = | ÷ | = | ÷ | |||||||
| Aug 24, 2022 | = | ÷ | = | ÷ | |||||||
| Aug 31, 2021 | = | ÷ | = | ÷ | |||||||
| Aug 25, 2020 | = | ÷ | = | ÷ | |||||||
| Aug 27, 2019 | = | ÷ | = | ÷ | |||||||
| Aug 28, 2018 | = | ÷ | = | ÷ | |||||||
| Aug 29, 2017 | = | ÷ | = | ÷ | |||||||
| Sep 2, 2016 | = | ÷ | = | ÷ | |||||||
| Sep 25, 2015 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Lumentum Holdings Inc. Annual Report.
The financial trajectory from 2015 to 2026 is characterized by significant volatility in both earnings performance and market valuation. A recurring pattern of alternating profitability and net losses is observed, which directly impacts the availability and stability of the price-to-earnings (P/E) ratio.
- Earnings Stability and P/E Availability
- Earnings per share (EPS) demonstrate a high degree of instability, frequently swinging between negative and positive values. Consequently, the P/E ratio is absent for several periods, specifically between 2015 and 2017, 2019, 2023, 2024, and 2026, as the ratio cannot be meaningfully calculated during years of net losses.
- Valuation Multiple Trends
- During profitable intervals, the P/E ratio exhibits extreme fluctuations. A relatively moderate valuation was noted in 2018 at 17.86 and reached a cyclical low of 15.85 in 2021. This contrasts sharply with a peak of 46.62 in 2020 and an exceptional surge to 318.36 in 2025. This variance suggests a shift from fundamental-based valuation to high-growth expectations or speculative pricing in later years.
- Divergence Between Price and Earnings
- A widening gap between share price and earnings is evident in the final stages of the period. In 2025, a marginal recovery in EPS to 0.37, paired with a share price increase to 117.96, resulted in a disproportionately high P/E ratio. By 2026, a stark divergence occurs where the share price increases exponentially to 968.90 while EPS collapses to -77.31, indicating a complete decoupling of the market price from current earnings performance.
Comparison to Competitors
Lumentum Holdings Inc., P/E, long-term trends, comparison to competitors
| Lumentum Holdings Inc. | Apple Inc. | Arista Networks Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
|---|---|---|---|---|---|---|
| Aug 17, 2026 | ||||||
| Aug 19, 2025 | ||||||
| Aug 21, 2024 | ||||||
| Aug 23, 2023 | ||||||
| Aug 24, 2022 | ||||||
| Aug 31, 2021 | ||||||
| Aug 25, 2020 | ||||||
| Aug 27, 2019 | ||||||
| Aug 28, 2018 | ||||||
| Aug 29, 2017 | ||||||
| Sep 2, 2016 | ||||||
| Sep 25, 2015 |
Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).
Comparison to Sector (Technology Hardware & Equipment)
Lumentum Holdings Inc., P/E, long-term trends, comparison to sector (technology hardware & equipment)
| Lumentum Holdings Inc. | Technology Hardware & Equipment | |
|---|---|---|
| Aug 17, 2026 | ||
| Aug 19, 2025 | ||
| Aug 21, 2024 | ||
| Aug 23, 2023 | ||
| Aug 24, 2022 | ||
| Aug 31, 2021 | ||
| Aug 25, 2020 | ||
| Aug 27, 2019 | ||
| Aug 28, 2018 | ||
| Aug 29, 2017 | ||
| Sep 2, 2016 | ||
| Sep 25, 2015 |
Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).
Comparison to Industry (Information Technology)
Lumentum Holdings Inc., P/E, long-term trends, comparison to industry (information technology)
| Lumentum Holdings Inc. | Information Technology | |
|---|---|---|
| Aug 17, 2026 | ||
| Aug 19, 2025 | ||
| Aug 21, 2024 | ||
| Aug 23, 2023 | ||
| Aug 24, 2022 | ||
| Aug 31, 2021 | ||
| Aug 25, 2020 | ||
| Aug 27, 2019 | ||
| Aug 28, 2018 | ||
| Aug 29, 2017 | ||
| Sep 2, 2016 | ||
| Sep 25, 2015 |
Based on: 10-K (reporting date: 2026-06-27), 10-K (reporting date: 2025-06-28), 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-07-01), 10-K (reporting date: 2016-07-02), 10-K (reporting date: 2015-06-27).