Lumentum Holdings Inc (LITE) is overvalued and Nokia Corp ADR (NOK) is overvalued.
Both trade above our estimate of their intrinsic value. NOK is the closer of the two: -152%, against -1899% for LITE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 11.8% (average of 2 methods) values the shares at $47.31; the price of $945.67 is 1899% above that value.
Leak Score 41/100 on 8 of 12 signals
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $4.30; the price of $10.82 is 152% above that value, and 71% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | LITE | NOK |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $945.67 | $10.82 |
| Intrinsic value | $47.31 | $4.30 |
| Margin of safety | -1899% | -152% |
| Leak Score | 41/100 (8/12) | 27/100 (3/12) |
| Market cap | $84.8B | $60.6B |
| Revenue growth, 5 years | 11.6% | -2.1% |
| Operating margin | 17.9% | 11.1% |
| Net margin | -230.1% | 3.4% |
| Return on equity | -240.0% | 3.5% |
| Debt to equity | 0.36 | 0.16 |
| P/E | — | 74.7x |
| Forward P/E | 27.9x | 23.3x |
| P/B | 18.0x | 2.5x |
| Dividend yield | — | 1.6% |