Stock fact sheet · data as of
Aviat Networks, Inc. (AVNW): fair value, margin of safety and Wheel Score
Ticker symbol AVNW · Technology · Communication Equipment · United States · Blend
Is AVNW undervalued?
AVNW closed at 19.90 on 5 Nov 2026, more than 30% above the GLS average fair value of 8.75. Only 1 of the 8 models that produced a value sit above the price. By our models the shares are priced well beyond what the filed earnings, cash flow and book value support; the "below fair value" Wheel Trade Filter keeps names like this under 70.
The 8 models disagree widely: Lynch gives 0.7861 while 10 Cap gives 29.43. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, neither cheapness nor growth clearly wins for AVNW, so the nightly engine files it under Blend (value score 45, growth score 43, out of 100).
Nine valuation models for AVNW
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 4.34 | -78% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.57 | -52% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 3.17 | -84% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 0.7861 | -96% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 5.77 | -71% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 29.43 | +48% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 14.79 | -26% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 2.18 | -89% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 8.37 | -58% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 32.33 | +62% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - AVNW passes 5 of the nine Piotroski tests, which falls one point short of the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 3.5 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are thin or negative - ROIC 0.7%, ROE 0.9%, ROA 0.4% - with debt at 0.37 times equity and a free-cash-flow yield of 2.4%.
Aviat Networks, Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Product 74%, Service 26% (quarter Q4 FY2026).
Institutional ownership scores 10/10, insider activity 2/10 and Congressional trading 5/10 on the GLS smart-money scales; the last recorded insider buy was on 8 Oct 2026.
| Piotroski F-score | 5 / 9 | ROIC | 0.7% |
|---|---|---|---|
| GLS Moat | 3.5 / 10 | ROE | 0.9% |
| Debt / equity | 0.37 | ROA | 0.4% |
| Free-cash-flow yield | 2.4% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 2 · 5 / 10 |
Wheel Score 26: Weak
AVNW scores 26 out of 100 on the Wheel Score, in the Weak band (under 50): it fails filter 3, below fair value - trades 127% above our fair value; and filter 4, financially healthy - Piotroski 5/9 (under 6); and filter 5, can repay its debt - 6.6 years to repay its debt (over 3); and filter 7, a premium worth selling - implied volatility 82% (over 80%); and filter 8, big enough - market cap $256M (under $1.0B), and the parts are thin too - value weak, premium fair, moat fair, health fair, red flags good, option trading weak, stability fair. The score is not a judgement on the company; it says the price, quality and premium do not line up for selling puts on it today.
Implied volatility is 82%, above the 80% ceiling of the Wheel Trade Filter on premium. The premium looks generous, but moves of that size can blow through any strike. Chain open interest is thin - 1,925 contracts across every expiry - so fills at a fair price are not guaranteed; a 30-45-day put may not exist at a usable strike.
Volume runs at 115k shares a day on a market cap of $256M, with a beta of 0.68 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score rates that fair.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Fails | trades 127% above our fair value |
| 4 | Financially healthy | Fails | Piotroski 5/9 (under 6) |
| 5 | Can repay its debt | Fails | 6.6 years to repay its debt (over 3) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Fails | implied volatility 82% (over 80%) |
| 8 | Big enough | Fails | market cap $256M (under $1.0B) |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Weak | 127% above fair value | |
| Premium | Fair | implied volatility 82% | |
| Moat | Fair | moat 3.5/10 | |
| Health | Fair | Piotroski 5/9 | |
| Red Flags | Good | Red Flags score 85/100 | |
| Option trading | Weak | 135 contracts a day, 1,925 open interest | |
| Stability | Fair | beta 0.68, $256M company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
Aviat Networks, Inc. reports earnings on 10 Nov 2026 (after the close) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk.
No analyst upgrades or downgrades were recorded in the last 30 days.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Communication Equipment
The 12 companies below are the closest to Aviat Networks, Inc. by market cap within the Communication Equipment industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| BKTI BK Technologies Corporation | 66.97 | 120.69 | +45% | 31No options | $252M |
| LTRX Lantronix, Inc. | 5.65 | 2.74 | -106% | 26Weak | $265M |
| AUDC AudioCodes Ltd. | 8.09 | 7.57 | -7% | 31Weak | $195M |
| SILC Silicom Ltd. | 31.76 | 11.02 | -188% | 10No options | $183M |
| CRNT Ceragon Networks Ltd. | 2.00 | 5.41 | +63% | 42Weak | $182M |
| ADTN ADTRAN Holdings Inc. | 4.73 | 9.26 | +49% | 46Weak | $385M |
| CLFD Clearfield, Inc. | 32.88 | 13.71 | -140% | 25Weak | $447M |
| KVHI KVH Industries, Inc. | 7.09 | 1.45 | -389% | 27Weak | $129M |
| GILT Gilat Satellite Networks Ltd. | 7.06 | 10.78 | +34% | 44Weak | $525M |
| NTGR NETGEAR, Inc. | 22.32 | 10.15 | -120% | 29Weak | $607M |
| OCC Optical Cable Corporation | 11.21 | 7.46 | -50% | 17No options | $99M |
| FEIM Frequency Electronics, Inc. | 61.52 | 11.88 | -418% | 23Weak | $694M |
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Start free See the Sunday ScanQuestions about AVNW
Is AVNW undervalued right now?
No: at 19.90 the stock trades 127% above the GLS average fair value of 8.75 (data as of 5 Nov 2026), well beyond what trailing earnings, cash flow and book value support.
What is the Wheel Score of AVNW and what does it mean?
AVNW scores 26 out of 100 (Weak) - it fails Wheel Trade Filters 3, 4, 5, 7, 8. The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for AVNW?
8.75 per share as of 5 Nov 2026 - the simple average of the 8 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Aviat Networks, Inc. report earnings next?
The next earnings report is due on 10 Nov 2026 (after the close), 5 days from the data date of 5 Nov 2026. The Calendars page lists every upcoming report with its time of day.
Does AVNW have listed options, and how liquid are they?
Yes. The nightly snapshot found 36 listed contracts with 1,925 open interest across all expiries and implied volatility of 82% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.