Ceragon Networks Ltd. (CRNT) Financial Ratios
27 years of historical data (1999–2025) · Technology · Communication Equipment
EV/EBITDA
↓
10.01
↓-97% vs avg
5yr avg: 380.46
30Y Low2.7·High88.1
P/FCF
↑
13.52
↓-36% vs avg
5yr avg: 21.07
30Y Low8.6·High42.8
P/B Ratio
↓
1.40
↓-11% vs avg
5yr avg: 1.57
30Y Low0.5·High3.6
ROE
↑
-1.2%
-1% vs avg
5yr avg: -1.2%
30Y Low-220%·High16%
Debt/EBITDA
↓
1.96
↓-98% vs avg
5yr avg: 106.99
30Y Low0.6·High2.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CRNT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ceragon Networks Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 13.5x P/FCF, 36% below the 5-year average of 21.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $243M | $189M | $413M | $185M | $161M | $215M | $226M | $169M | $306M | $158M | $206M |
| Enterprise Value | $254M | $200M | $419M | $207M | $192M | $235M | $211M | $170M | $271M | $132M | $187M |
| P/E Ratio → | -115.88 | — | 17.30 | 29.67 | — | — | — | — | 13.50 | 10.42 | 17.47 |
| P/S Ratio | 0.72 | 0.56 | 1.05 | 0.53 | 0.54 | 0.74 | 0.86 | 0.59 | 0.89 | 0.48 | 0.70 |
| P/B Ratio | 1.40 | 1.09 | 2.48 | 1.38 | 1.34 | 1.57 | 1.54 | 1.05 | 1.92 | 1.18 | 1.77 |
| P/FCF | 13.52 | 10.51 | 42.44 | 10.26 | — | — | 20.20 | — | 42.83 | 21.95 | 11.72 |
| P/OCF | 7.69 | 5.98 | 15.77 | 5.98 | — | — | 13.08 | — | 14.68 | 9.23 | 7.99 |
P/E links to full P/E history page with 30-year chart
CRNT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ceragon Networks Ltd.'s enterprise value stands at 10.0x EBITDA, 97% below its 5-year average of 380.5x. The Technology sector median is 16.6x, placing the stock at a 40% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.59 | 1.06 | 0.60 | 0.65 | 0.81 | 0.80 | 0.59 | 0.79 | 0.40 | 0.64 |
| EV / EBITDA | 10.01 | 7.88 | 8.24 | 6.63 | 1865.81 | 13.75 | 39.99 | 9.98 | 7.98 | 4.09 | 6.32 |
| EV / EBIT | 22.99 | 18.09 | 12.61 | 10.19 | — | 282.19 | — | 37.14 | 10.41 | 5.99 | 10.62 |
| EV / FCF | — | 11.14 | 43.04 | 11.49 | — | — | 18.94 | — | 37.85 | 18.36 | 10.62 |
CRNT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ceragon Networks Ltd. earns an operating margin of 3.3%. Operating margins have compressed from 6.1% to 3.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -1.2% indicates the company is currently destroying shareholder equity. ROIC of 4.7% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.8% | 33.8% | 34.7% | 34.5% | 31.5% | 30.4% | 28.8% | 33.9% | 33.8% | 32.3% | 33.8% |
| Operating Margin | 3.3% | 3.3% | 9.8% | 6.1% | -3.7% | 1.7% | -2.9% | 2.6% | 7.6% | 7.0% | 6.6% |
| Net Profit Margin | -0.6% | -0.6% | 6.1% | 1.8% | -6.7% | -5.1% | -6.5% | -0.8% | 6.7% | 4.7% | 3.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -1.2% | -1.2% | 16.0% | 4.9% | -15.3% | -10.5% | -11.2% | -1.5% | 15.7% | 12.4% | 10.4% |
| ROA | -0.6% | -0.6% | 7.5% | 2.1% | -6.8% | -5.2% | -6.1% | -0.8% | 8.6% | 6.3% | 4.5% |
| ROIC | 4.7% | 4.7% | 17.7% | 10.4% | -5.3% | 2.5% | -3.9% | 3.8% | 16.9% | 16.9% | 14.7% |
| ROCE | 5.7% | 5.7% | 21.6% | 13.2% | -6.6% | 2.8% | -4.2% | 4.1% | 16.3% | 16.4% | 15.2% |
CRNT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ceragon Networks Ltd. carries a Debt/EBITDA ratio of 2.0x, which is manageable (33% below the sector average of 2.9x). Net debt stands at $11M ($50M total debt minus $38M cash). Interest coverage of just 1.7x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.29 | 0.29 | 0.25 | 0.37 | 0.45 | 0.27 | 0.09 | 0.16 | — | — | 0.15 |
| Debt / EBITDA | 1.96 | 1.96 | 0.81 | 1.61 | 528.47 | 2.13 | 2.46 | 1.47 | — | — | 0.58 |
| Net Debt / Equity | — | 0.07 | 0.03 | 0.16 | 0.26 | 0.14 | -0.10 | 0.01 | -0.22 | -0.19 | -0.17 |
| Net Debt / EBITDA | 0.45 | 0.45 | 0.11 | 0.70 | 305.67 | 1.13 | -2.67 | 0.06 | -1.05 | -0.80 | -0.65 |
| Debt / FCF | — | 0.63 | 0.60 | 1.22 | — | — | -1.26 | — | -4.98 | -3.59 | -1.10 |
| Interest Coverage | 1.69 | 1.69 | 5.56 | 2.69 | -2.44 | 0.17 | -2.12 | 1.09 | 5.66 | 4.57 | 4.63 |
CRNT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.87x means Ceragon Networks Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 1.36x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.64x to 1.87x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.87 | 1.87 | 1.72 | 1.64 | 1.59 | 1.76 | 1.99 | 2.07 | 2.05 | 2.00 | 1.89 |
| Quick Ratio | 1.36 | 1.36 | 1.33 | 1.12 | 1.04 | 1.23 | 1.49 | 1.47 | 1.56 | 1.49 | 1.48 |
| Cash Ratio | 0.32 | 0.32 | 0.23 | 0.21 | 0.17 | 0.15 | 0.27 | 0.23 | 0.33 | 0.25 | 0.33 |
| Asset Turnover | — | 1.07 | 1.14 | 1.16 | 1.02 | 0.99 | 0.96 | 0.99 | 1.22 | 1.31 | 1.20 |
| Inventory Turnover | 3.64 | 3.64 | 4.31 | 3.30 | 2.81 | 3.30 | 3.70 | 3.04 | 4.26 | 4.15 | 4.26 |
| Days Sales Outstanding | — | 107.40 | 141.72 | 119.70 | 135.14 | 147.73 | 158.61 | 160.01 | 139.67 | 137.32 | 143.51 |
CRNT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ceragon Networks Ltd. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | 5.8% | 3.4% | — | — | — | — | 7.4% | 9.6% | 5.7% |
| FCF Yield | 7.4% | 9.5% | 2.4% | 9.7% | — | — | 5.0% | — | 2.3% | 4.6% | 8.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $90M | $88M | $85M | $84M | $83M | $81M | $80M | $81M | $80M | $79M |
Peer Comparison
Compare CRNT with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CRNTYou | $243M | -115.9 | 10.0 | 13.5 | 33.8% | 3.3% | -1.2% | 4.7% | 2.0 |
 AVNW | $259M | 200.4 | — | — | 32.1% | -2.4% | 0.5% | -2.9% | — |
 SATS | $31B | -2.2 | — | — | 37.1% | -118.1% | -178.7% | -32.9% | — |
 GILT | $842M | 38.8 | 15.6 | 91.6 | 29.5% | 4.5% | 5.2% | 5.7% | 0.3 |
 UTSI | $24M | -5.5 | — | — | 26.7% | -67.4% | -9.0% | -3272.8% | — |
 CIEN | $61B | 503.8 | 135.5 | 91.1 | 42.0% | 6.5% | 4.4% | 6.9% | 3.5 |
 ADTN | $1B | -26.6 | 17.9 | 12.5 | 38.3% | -1.4% | -8.5% | -1.7% | 3.2 |
 CALX | $2B | 146.0 | 60.3 | 21.2 | 56.8% | 2.1% | 2.2% | 2.1% | 0.7 |
 VIAV | $11B | 314.5 | 83.7 | 176.0 | 56.8% | 6.5% | 4.8% | 5.5% | 5.2 |
 DCOM | $2B | 16.5 | -1.7 | 9.4 | 56.1% | 21.5% | 7.7% | 5.6% | 2.4 |
 CSCO | $471B | 46.9 | 33.6 | 35.5 | 64.9% | 20.8% | 22.1% | 13.0% | 1.9 |
| Technology Median | — | 29.0 | 16.6 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 27 years · Updated daily
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CRNT — Frequently Asked Questions
Quick answers to the most common questions about buying CRNT stock.
What is Ceragon Networks Ltd.'s P/E ratio?
Ceragon Networks Ltd.'s current P/E ratio is -115.9x. The historical average is 45.9x.
What is Ceragon Networks Ltd.'s EV/EBITDA?
Ceragon Networks Ltd.'s current EV/EBITDA is 10.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 20.9x.
What is Ceragon Networks Ltd.'s ROE?
Ceragon Networks Ltd.'s return on equity (ROE) is -1.2%. The historical average is -16.7%.
Is CRNT stock overvalued?
Based on historical data, Ceragon Networks Ltd. is trading at a P/E of -115.9x. Compare with industry peers and growth rates for a complete picture.
What are Ceragon Networks Ltd.'s profit margins?
Ceragon Networks Ltd. has 33.8% gross margin and 3.3% operating margin.
How much debt does Ceragon Networks Ltd. have?
Ceragon Networks Ltd.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.