Lumentum price to free cash flow LITE

Market value divided by free cash flow over the last twelve months, since 2016.

Today, Oct 23, 2026: 226×
10-year median: 17.9×
Against its 10-year history: 96th; percentile: 0 is its lowest day, 100 its highest
10-year range: 8.2× to 497×
Peer median: 32.9×

Lumentum's price to free cash flow is 226× as of Oct 23, 2026.

That is above its ten-year median of 17.9×, higher than on 96% of days in the last ten years.

Over that time it ranged from 8.2× in May 2021 to 497× in Jul 2026.

The median for 6 communication equipment stocks of a similar size is 32.9×.

Price to free cash flow over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	226×	226×	497×
2025	n/m a value too high to mean anything
2024	n/m a value too high to mean anything
2023	55.6×	11.7×	70.1×
2022	11.0×	8.4×	16.8×
2021	12.3×	8.2×	17.8×
2020	15.9×	12.1×	31.3×
2019	30.2×	12.9×	32.8×
2018	12.8×	11.7×	215×
2017	153×	138×	153×
2016	152×	135×	476×

Against its peers

Companies in Communication Equipment nearest Lumentum's size, closest first, today.

Company	Price to free cash flow
LITELumentum	226×
MSIMotorola Solutions	29.8×
CIENCiena	55.8×
UIUbiquiti	39.1×
ZBRAZebra Technologies	20.2×
FNFabrinet	n/m
CSCOCisco Systems	32.9×
Peer median	32.9×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Lumentum

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.