Stock Analysis on Net

Lumentum Holdings Inc. (NASDAQ:LITE)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

Lumentum Holdings Inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Total equity
Add: Current portion of long-term debt (per books)
Add: Finance lease liabilities, current (per books)
Add: Long-term debt, excluding current portion (per books)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 10-K (reporting date: 2025-06-28).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

Lumentum Holdings Inc., EV calculation

Microsoft Excel
Jun 28, 2025 Jun 29, 2024 Jul 1, 2023 Jul 2, 2022 Jul 3, 2021 Jun 27, 2020
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Total equity
Add: Current portion of long-term debt (book value)
Add: Finance lease liabilities, current (book value)
Add: Long-term debt, excluding current portion (book value)
Total equity and debt
Less: Cash and cash equivalents
Less: Short-term investments
Enterprise value (EV)

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Lumentum Holdings Inc. Annual Report.

3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The enterprise value exhibited a fluctuating pattern over the observed period. Initially, a decrease is noted from June 2020 to July 2021, followed by relative stability through July 2022. A significant decline occurred between July 2022 and July 2023, before a partial recovery in June 2024. The most substantial increase in enterprise value is projected between June 2024 and June 2025.

Enterprise Value Trend
From June 2020 (US$5,883,900 thousand) to July 2021 (US$5,533,228 thousand), enterprise value decreased by approximately 5.9%. This was followed by a minimal change to July 2022 (US$5,530,910 thousand). A substantial decrease of approximately 27.1% occurred between July 2022 and July 2023, bringing the enterprise value to US$4,345,106 thousand. A recovery is then observed, with an increase to US$5,450,720 thousand by June 2024, representing a gain of approximately 25.7%. The largest change occurs between June 2024 and June 2025, with a projected increase to US$9,941,504 thousand, or an 82.5% rise.
Relationship between Equity and Total Equity & Debt
Total equity and debt consistently exceeded total equity throughout the period. The difference between these two values represents the company’s debt. The values for total equity and total equity and debt remained relatively stable between June 2020 and July 2022. A decrease is observed in both values between July 2022 and July 2023, with a subsequent partial recovery by June 2024. The most significant increase in both metrics is projected between June 2024 and June 2025, mirroring the increase in enterprise value.
Common Equity and Total Equity
Common equity and total equity values are identical across all observed periods. This indicates that there are no other equity components present in the capital structure. The trend in common equity mirrors the fluctuations observed in enterprise value, with a decline from June 2020 to July 2023, a partial recovery to June 2024, and a substantial projected increase to June 2025.

The significant projected increase in enterprise value between June 2024 and June 2025 warrants further investigation to understand the underlying drivers, such as potential acquisitions, increased investor confidence, or substantial operational improvements.