What is HLIT's Value Score?

Harmonic Inc. - Common Stock (HLIT) has a StockPik Value Score of 72 out of 100 — a high score, indicating strong value characteristics across multiple metrics. The Value Score is a composite ranking built from P/E ratio, P/B ratio, Graham Number, ROE, gross margin, debt-to-equity, current ratio, and Piotroski F-Score, calculated from SEC EDGAR annual filing data.

What is HLIT's Piotroski F-Score?

Harmonic Inc. - Common Stock (HLIT) has a Piotroski F-Score of 6 out of 9 — a moderate score. The F-Score assesses nine binary financial criteria across profitability, leverage, and operating efficiency. A score of 7–9 indicates a financially improving company; a score of 0–3 is a warning sign.

Is HLIT trading below its Graham Number?

HLIT is currently trading above its Graham Number. The stock price of $9.38 exceeds the Graham Number of $4.86, meaning it does not meet Graham's criterion for a margin of safety at the current price. The Graham Number is calculated as √(22.5 × EPS × Book Value Per Share) and represents Benjamin Graham's ceiling price for a defensive investor.

What is HLIT's Graham Number?

HLIT's Graham Number is $4.86, calculated using the Benjamin Graham formula √(22.5 × EPS × Book Value per Share). The Graham Number is an estimate of intrinsic value — the maximum price a defensive investor should pay. At the current price of $9.38, HLIT is trading 93% above its Graham Number.

What is HLIT's Piotroski F-Score?

HLIT's Piotroski F-Score is 6 out of 9, indicating moderate financial health. The Piotroski F-Score evaluates nine criteria across profitability, leverage, and operating efficiency. Scores of 7 or above are considered strong; 3 or below indicate financial weakness.

Is HLIT (Harmonic Inc. - Common Stock) undervalued?

HLIT scores 72/100 on StockPik's Value Score, placing it in undervalued territory. The stock trades 93% above its Graham Number of $4.86.

What is HLIT's P/E ratio?

HLIT's trailing P/E ratio is 31.1x — an elevated earnings multiple, potentially pricing in high growth expectations. The Technology sector average P/E is 30.4x. Compare against other Technology stocks in the StockPik screener.

What sector is Harmonic Inc. - Common Stock (HLIT) in?

Harmonic Inc. - Common Stock (HLIT) is in the Technology sector, specifically in the Radio & Tv Broadcasting & Communications Equipment industry. Compare it against other Technology stocks by Value Score, P/E ratio, and Piotroski F-Score on StockPik.

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Harmonic Inc. - Common Stock (HLIT)

NASDAQ Small Cap

Technology › Radio & Tv Broadcasting & Communications Equipment

$9.38

Market Cap: $1.0B

Data as of Sep 26, 2025 (TTM)

Price History

Feb 9, 2026 — Mar 29, 2026

Investment Snapshot

Trading 93% above Graham Number — above intrinsic value estimate
Piotroski F-Score 6/9 — moderate financial health
ROE of 8.7% — below-average profitability
Revenue declining 47% annually

Harmonic Inc. - Common Stock (HLIT) is a Technology company operating in Radio & Tv Broadcasting & Communications Equipment, listed on the NASDAQ , with a market capitalisation of $1.0 billion . Key value metrics: P/E ratio 31.1, P/B ratio 2.70, Piotroski F-Score 6 out of 9 (moderate financial health) .

Value Score

out of 100

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Key Metrics

P/E Ratio

31.13

P/B Ratio

2.70

EPS

$0.30

Div. Yield

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PEG Ratio

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P/S Ratio

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EV/EBITDA

—

ROE

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ROA

—

Gross Margin

—

Op. Margin

—

Net Margin

—

Debt/Equity

—

Current Ratio

—

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Current vs 5-Year Average

Based on 5 years of SEC filings

Net Margin

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↑ +2.1pp avg —

Gross Margin

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↑ +2.1pp avg —

Operating Margin

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↑ +2.1pp avg —

Return on Equity

—

↑ +2.1pp avg —

Debt / Equity

—

↑ +2.1pp avg —

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Revenue & Net Income

Profit Margins

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EPS & Free Cash Flow Per Share

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Financial Statements

Metric	FY22	FY23	FY24
Revenue	$X.XB	$X.XB	$X.XB
Gross Profit	$X.XB	$X.XB	$X.XB
Operating Income	$X.XB	$X.XB	$X.XB
Net Income	$X.XB	$X.XB	$X.XB
EBITDA	$X.XB	$X.XB	$X.XB
Total Assets	$X.XB	$X.XB	$X.XB
Total Liabilities	$X.XB	$X.XB	$X.XB

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Data sourced from SEC EDGAR and Polygon.io. Methodology. View more Technology stocks →

Harmonic Inc. - Common Stock — Fundamental Analysis Summary

Harmonic Inc. - Common Stock (HLIT) is currently trading 93% above its Graham Number of $4.86, suggesting the market price exceeds Benjamin Graham's intrinsic value estimate. The stock carries an elevated trailing P/E ratio of 31.1x.

On financial health, HLIT shows a moderate Piotroski F-Score of 6/9, and modest return on equity of 8.7% (sector average: -3.1%), and minimal leverage with a debt-to-equity ratio of 0.29.

StockPik's composite Value Score for HLIT is 72/100 — placing it in undervalued territory. The score is built from ten fundamental signals: P/E, P/B, PEG ratio, P/S ratio, return on equity, gross margin, debt-to-equity, current ratio, dividend yield, and Piotroski F-Score.

HLIT reports a solid gross margin of 54.9% (sector average: 41.3%) and a modest operating margin of 9.7%.

HLIT shows revenue declining at 47% year-over-year, with earnings declining at 210%.

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How is the Value Score calculated?

Read our full methodology →

How is the Graham Number calculated?

Benjamin Graham's intrinsic value formula, worked examples, and how to use it →

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