What is Harmonic's price / book?

Harmonic (HLIT) reported price / book of 2.8× in Q1 2026.

How has Harmonic's price / book changed year-over-year?

Harmonic's price / book increased by 10.8% year-over-year, from 2.5× to 2.8×.

What is the long-term trend for Harmonic's price / book?

Over 5 years (2020 to 2025), Harmonic's price / book has grown at a -0.3% compound annual growth rate (CAGR), from 2.9× to 2.9×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

Harmonic HLIT Price / book

Price / book at other companies

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7.4×+2.5×

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4.3×+1.2×

MaxLinearMXL

3.3×+1.4×

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25.8×+22.5×

CoherentCOHR

4.2×+2.3×

BeldenBDC

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Other financials

Income statement

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Revenue$121.7M+43.4%

Gross profit$63.6M+36.9%

Operating income$20.4M+191%

Net income$7.3M+23.0%

EPS (diluted)$0.07+40.0%

Balance sheet

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Cash & equivalents$109.4M-26.6%

Total debt$131.1M-4.4%

Total equity$355.2M-20.4%

Total assets$705.3M-8.8%

Cash flow

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Operating cash flow$31.7M-62.1%

CapEx$1.4M-25.3%

Free cash flow$30.3M-62.9%

Valuation

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Market cap$1.59B-11.8%

Enterprise value$1.61B-8.9%

P/S4×0.0×

Profitability

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Gross margin49.7%—

Operating margin21.5%—

Net margin-10.4%-22.2pp

FCF margin0%—

Returns & leverage

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Return on equity-10.5%-22.9pp

Debt / equity0.4×+0.1×

Current ratio2.3×+0.2×

Where this comes from

Calculated from Harmonic’s reported figures.

market cap/total stockholders equity=2.8×

Based on the most recent quarter.

The official record: Harmonic’s 10-Q, filed May 13, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Harmonic's price / book?: Harmonic (HLIT) reported price / book of 2.8× in Q1 2026.
How has Harmonic's price / book changed year-over-year?: Harmonic's price / book increased by 10.8% year-over-year, from 2.5× to 2.8×.
What is the long-term trend for Harmonic's price / book?: Over 5 years (2020 to 2025), Harmonic's price / book has grown at a -0.3% compound annual growth rate (CAGR), from 2.9× to 2.9×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.