Valuation models
price $840.70 · as of Nov 2, 2026
DCF · Perpetuity growth · 5yused210.52 – 279.71240.43250% overvaluedDCF · Perpetuity growth · 10y317.10 – 440.60370.28127% overvaluedDCF · EBITDA exit · 5y795.95 – 869.05831.521% overvaluedDCF · EBITDA exit · 10y1,040.57 – 1,237.921,134.4226% undervaluedEarnings power value21.47 – 23.8822.503636% overvaluedWall St. consensus target—1,120.0025% belowCost of capital (WACC)—10.44%—
DCF · Perpetuity growth · 5y leads for a cyclical company — positive operating income and three years of positive free cash flow. How the headline model is chosen. The price is 250% above the model value: the models see only the filed business, and a company priced on businesses with no revenue line yet is better taken apart, as Tesla is.
Model value · DCF · Perpetuity growth · 5y
240.43
Lumentum closed at $840.70 — overvalued by 250% vs model.
210.52the model's range279.71
DCF · Perpetuity growth · 5y leads for a cyclical company — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.
Other models
22.50 – 1,134.42
Wall St. target
1,120.00 25% below
Above model, 1y
30 of 30 days
How it is valued
Valued asCyclical
High revenue growth (~49% recent)Currently unprofitableHighly cyclical earnings
Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; how each model works is in the manual.