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LITE Lumentum Holdings Inc.

Technology

steady quality, discounted valuation.

Quality
Above avg
Valuation
Cheaper
Key signals
Top-quintile 6-month momentum Filed revenue acceleration
941.65
941.65 Close (USD) Loading candles…

Is Lumentum Holdings Inc. a buy? Fundamentals and valuation first

  • Quality is above average. Operating margin sits near the 69th percentile. TTM ROE is about -149.3%.

  • Valuation is cheaper than most peers. TTM P/E is in the 16th percentile, lower than most liquid US common stocks.

  • Recent volatility is elevated. 60-day annualized volatility is in the 85th percentile. Average 20-day dollar volume is about $4,017.5M.

  • Signals are active now. Top-quintile 6-month momentum, Filed revenue acceleration currently holds; the tables below show what followed in this stock’s own history.

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Historical evidence

Signals active now

Each active condition is tested against this stock’s own history and benchmarked versus the S&P 500.

Top-quintile 6-month momentum

Active · now 81.64825828377231%

The stock ranks in the top 20% of the liquid US common-stock universe by 126-day adjusted return.

23 historical occurrences (since 2016-07-15)
Average forward return after Top-quintile 6-month momentum。20-day: Win 45.5%, Sample 22, Median -1.71%, Excess +1.96%, Beat mkt rate 50%；60-day: Win 61.9%, Sample 21, Median +9.57%, Excess +10.53%, Beat mkt rate 71.4%；120-day: Win 71.4%, Sample 21, Median +11.27%, Excess +20.54%, Beat mkt rate 71.4%

120 days after: historical avg +23.71%

20-day +2.45%
60-day +12.44%
120-day +23.71%
20-day
60-day
120-day
Win
45.5%
61.9%
71.4%
Sample
22
21
21
Median
-1.71%
+9.57%
+11.27%
Excess
+1.96%
+10.53%
+20.54%
Beat mkt rate
50%
71.4%
71.4%

Over 21 occurrences, 120-day forward avg gained 23.71%, beat the market by 20.54 pts; win rate 71.4%.

Filed revenue acceleration

Active · now 83.22188449848025%

TTM revenue growth is at least 10% and improved versus the prior filed quarter; event date is the SEC filing date.

8 historical occurrences (since 2019-08-27)
Average forward return after Filed revenue acceleration。20-day: Win 75%, Sample 8, Median +13.83%, Excess +15.45%, Beat mkt rate 75%；60-day: Win 71.4%, Sample 7, Median +67.77%, Excess +49.97%, Beat mkt rate 85.7%；120-day: Win 100%, Sample 6, Median +130.56%, Excess +149.43%, Beat mkt rate 100%

120 days after: historical avg +159.18%

20-day +16.49%
60-day +53.79%
120-day +159.18%
20-day
60-day
120-day
Win
75%
71.4%
100%
Sample
8
7
6
Median
+13.83%
+67.77%
+130.56%
Excess
+15.45%
+49.97%
+149.43%
Beat mkt rate
75%
85.7%
100%

Over 6 occurrences, 120-day forward avg gained 159.18%, beat the market by 149.43 pts; win rate 100%.

Valuation regime and forward returns

Daily TTM P/E is converted into an expanding own-history percentile, then grouped into five valuation regimes. Forward returns use adjusted prices over the next 240 trading days.

PE percentile bandSample days240-day avg returnMedianWin rateAvg excess (vs index)
0-20 334+568.6% +205.6% 63.2% +529.9%
20-40 139+341.2% -32.4% 30.9% +319.7%
40-60 99-42.6% -42.8% 0% -39.6%
60-80 19Insufficient data
80-100 You are here9Insufficient data

Quarterly EPS is aligned by SEC filing date before it is forward-filled to daily prices. The expanding percentile uses only information available up to each day.

Current TTM P/E is about 171.39, placing it in the 83.9 own-history percentile, inside the 80-100 bucket.

Valuation × momentum analogs

Each historical day is grouped by own-history P/E tercile and 60-day momentum direction, then tested for the next 120-trading-day adjusted return.

Valuation
Momentum
Cheap (own-history bottom third)
Middle
Expensive (own-history top third)
60-day momentum up
+130.9%
Win rate 51.7% Excess +111%
149d
-22.1%
Win rate 0% Excess -15.1%
71d
Now
+236.7%
Win rate 98.5% Excess +230.6%
131d
60-day momentum down
+100.1%
Win rate 40.5% Excess +85.4%
304d
-21.8%
Win rate 3.1% Excess -12.8%
65d
Insufficient data
(0d)

Currently in “Expensive (own-history top third) × 60-day momentum up”: across 131 historical days, 120-day forward avg gained 236.7%, win rate 98.5%, beat the market by 230.6%.

Days = trading days in this bucket; returns use adjusted prices, ex-costs. 60-day momentum: direction of this stock's price over the past 60 trading days.

Market-wide momentum baseline

Across 98,702 liquid US common-stock samples, top-quintile 6-month momentum was followed by an average 60-trading-day return of +6.12%, a 57.8% positive-return rate, and +2.76 percentage points of average excess return versus the S&P 500.

Baseline: weekly samples since 2016 where a liquid US common stock ranked in the top quintile by 126-trading-day momentum. Forward return is 60 trading days; excess return is versus S&P 500 (^GSPC).

Signals not active now

Inactive signals still show the stock-specific historical forward-return distribution for context.

52-week adjusted-price high

Pending

Adjusted close first reaches a 252-trading-day high; repeated hits within 20 days count once.

17 times historically; 60-day forward avg +13.71%, win rate 52.9%, beating the market by +11.97 pts on average.

EPS surprise beat

Pending

Reported EPS beat consensus estimate by at least 5%; event date is the earnings-surprise timestamp.

35 times historically; 60-day forward avg +16.1%, win rate 66.7%, beating the market by +12.98 pts on average.

Continue researching Lumentum Holdings Inc. with the evidence above.

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Method and limits

  • Returns use us_price:adj_close, adjusted for splits and dividends where available.
  • Excess returns use world_index:^GSPC as the S&P 500 benchmark proxy.
  • Quarterly fundamentals are aligned to SEC filing dates before daily valuation studies.
  • The promoted universe starts from active NYSE/NASDAQ common stocks, then applies price and dollar-volume gates.
  • Snapshot-only tables such as analyst consensus, DCF, us_ratios, and us_key_metrics are intentionally excluded from historical evidence.
  • Overlapping event windows are descriptive distributions, not independent samples.

This page is for historical data analysis and education only. It is not investment advice. Backtests and historical return distributions do not predict future performance; evaluate risk independently before trading.