Question 1

What is Lumentum Holdings's P/FCF ratio?

Accepted Answer

Lumentum Holdings (LITE) P/FCF ratio is 303.4× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Lumentum Holdings?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Lumentum Holdings specifically, the relevant sector benchmark is the current sector median of 21.6×.

Question 5

Is Lumentum Holdings's P/FCF ratio high or low?

Accepted Answer

Lumentum Holdings's P/FCF ratio of 303.4× is above its own 5-year average of 54.3× and above the sector median of 21.6×. That places the current reading at the 88th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Lumentum Holdings's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Lumentum Holdings (LITE) P/FCF ratio has ranged from a low of 8.8× in 2022 to a high of 670.2× in 2026. The 5-year average is 54.3× and the 5-year median is 17.5×.

Question 7

What was Lumentum Holdings's P/FCF ratio in 2023?

Accepted Answer

Lumentum Holdings (LITE) P/FCF ratio at the end of 2023 was 75.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Lumentum Holdings's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$6.59B	−$104.70M	—	—	Jun 28, 2025
2024	$3.45B	−$108.30M	—	—	Jun 29, 2024
2023	$3.87B	$51.30M	75.5×	+60.7×	Jun 30, 2023
2022	$5.47B	$368.10M	14.9×	+5.5×	Jun 30, 2022
2021	$6.14B	$653.90M	9.4×	-4.6×	Jun 30, 2021
2020	$6.11B	$437.30M	14.0×	-11.4×	Jun 30, 2020
2019	$4.17B	$164.10M	25.4×	+1.9×	Jun 30, 2019
2018	$3.63B	$154.30M	23.5×	—	Jun 30, 2018
2017	$3.49B	−$53.10M	—	—	Jun 30, 2017
2016	$1.44B	$4.60M	312.5×	—	Jun 30, 2016
2015	$992.96M	−$44.40M	—	—	Jun 30, 2015
2014	$986.00M	−$1.40M	—	—	Jun 30, 2014


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P/FCF Ratio for Lumentum Holdings (LITE)

P/FCF Ratio daily chart for Lumentum Holdings (LITE)

Historical P/FCF Ratio for Lumentum Holdings (LITE) from 2014 to 2025

About P/FCF Ratio at Lumentum Holdings (LITE)

Lumentum Holdings P/FCF Ratio by Year

Lumentum Holdings P/FCF Ratio 2023: 75.5×

Lumentum Holdings P/FCF Ratio 2022: 14.9×

Lumentum Holdings P/FCF Ratio 2021: 9.4×

Lumentum Holdings P/FCF Ratio 2020: 14.0×

Lumentum Holdings P/FCF Ratio 2019: 25.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Lumentum Holdings (LITE) Key Financials

P/FCF Ratio daily chart for Lumentum Holdings (LITE)

Historical P/FCF Ratio for Lumentum Holdings (LITE) from 2014 to 2025

About P/FCF Ratio at Lumentum Holdings (LITE)

Lumentum Holdings P/FCF Ratio by Year

Lumentum Holdings P/FCF Ratio 2023: 75.5×

Lumentum Holdings P/FCF Ratio 2022: 14.9×

Lumentum Holdings P/FCF Ratio 2021: 9.4×

Lumentum Holdings P/FCF Ratio 2020: 14.0×

Lumentum Holdings P/FCF Ratio 2019: 25.4×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Lumentum Holdings's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Lumentum Holdings?

+Is Lumentum Holdings's P/FCF ratio high or low?

+What is Lumentum Holdings's historical P/FCF ratio range?

+What was Lumentum Holdings's P/FCF ratio in 2023?

+Why does Lumentum Holdings's P/FCF ratio change over time?

Lumentum Holdings (LITE) Key Financials