Stock fact sheet · data as of
Aviat Networks, Inc. (AVNW): fair value, margin of safety and Wheel Score
Technology · Communication Equipment · United States · Blend
Is AVNW undervalued?
AVNW closed at 19.44 on 16 Oct 2026, more than 30% above the GLS average fair value of 8.70. 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 Sunday Scan drops names like this at the "below fair value" rule.
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.
The nightly engine files AVNW under Blend.
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 | 3.94 | -80% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 9.57 | -51% | 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 | -70% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 29.43 | +51% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 14.79 | -24% | 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 | -57% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 32.33 | +66% | 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 Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.6 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
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 | 2.6 / 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 36: Weak
AVNW scores 36 out of 100 on the Wheel Score, in the Weak band (under 50). Value 0/25, Health 11/20, Moat 4/15, Premium 15/20, Stability 6/20. 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 81% on the near-the-money contracts 20-60 days out - above the 60% ceiling of the sweet spot. Premiums are large, but the Wheel Score tapers the Premium points (15 of 20) because volatility this high usually comes with a reason. Chain open interest is thin - 1,983 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 112k shares a day on a market cap of $250M, 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 gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 0 / 25 | -123% margin of safety | |
| Health | 11 / 20 | Piotroski 5/9 | |
| Moat | 4 / 15 | moat 2.6/10 | |
| Premium | 15 / 20 | implied volatility 81% | |
| Stability | 6 / 20 | 112k shares/day, $250M cap, beta 0.68 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 3 Nov 2026 (after the close), 18 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
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 | 66.68 | 120.69 | +45% | 39No options | $251M |
| SILC Silicom Ltd. | 45.90 | 11.09 | -314% | 15No options | $264M |
| AUDC AudioCodes Ltd. | 11.29 | 7.45 | -51% | 50Fair | $273M |
| LTRX Lantronix, Inc. | 5.85 | 2.74 | -113% | 37Weak | $274M |
| CRNT Ceragon Networks Ltd. | 2.02 | 5.41 | +63% | 45Weak | $184M |
| CLFD Clearfield, Inc. | 29.99 | 13.65 | -120% | 40Weak | $407M |
| OCC Optical Cable Corporation | 14.20 | 7.46 | -90% | 23No options | $126M |
| ADTN ADTRAN Holdings Inc. | 6.53 | 18.03 | +64% | 45Weak | $532M |
| KVHI KVH Industries, Inc. | 6.02 | 1.45 | -316% | 36Weak | $109M |
| GILT Gilat Satellite Networks Ltd. | 8.05 | 10.78 | +25% | 71Good | $598M |
| NTGR NETGEAR, Inc. | 22.31 | 2.44 | -814% | 44Weak | $606M |
| FEIM Frequency Electronics, Inc. | 69.98 | 11.88 | -489% | 43Weak | $789M |
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Start free See the Sunday ScanQuestions about AVNW
Is AVNW undervalued right now?
No: at 19.44 the stock trades 123% above the GLS average fair value of 8.70 (data as of 16 Oct 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 36 out of 100 (Weak). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for AVNW?
8.70 per share as of 16 Oct 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 3 Nov 2026 (after the close), 18 days from the data date of 16 Oct 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 114 listed contracts with 1,983 open interest across all expiries and implied volatility of 81% 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.