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CRNT (Ceragon Networks) Cyclically Adjusted PB Ratio : 1.20 (As of May. 27, 2025)


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What is Ceragon Networks Cyclically Adjusted PB Ratio?

As of today (2025-05-27), Ceragon Networks's current share price is $2.38. Ceragon Networks's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $1.99. Ceragon Networks's Cyclically Adjusted PB Ratio for today is 1.20.

The historical rank and industry rank for Ceragon Networks's Cyclically Adjusted PB Ratio or its related term are showing as below:

CRNT' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.26   Med: 0.88   Max: 2.56
Current: 1.14

During the past years, Ceragon Networks's highest Cyclically Adjusted PB Ratio was 2.56. The lowest was 0.26. And the median was 0.88.

CRNT's Cyclically Adjusted PB Ratio is ranked better than
62.61% of 1915 companies
in the Hardware industry
Industry Median: 1.63 vs CRNT: 1.14

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ceragon Networks's adjusted book value per share data for the three months ended in Mar. 2025 was $1.878. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $1.99 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ceragon Networks Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ceragon Networks's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ceragon Networks Cyclically Adjusted PB Ratio Chart

Ceragon Networks Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.06 1.07 0.88 1.09 2.38

Ceragon Networks Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 1.27 1.40 2.38 1.18

Competitive Comparison of Ceragon Networks's Cyclically Adjusted PB Ratio

For the Communication Equipment subindustry, Ceragon Networks's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ceragon Networks's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ceragon Networks's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ceragon Networks's Cyclically Adjusted PB Ratio falls into.


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Ceragon Networks Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ceragon Networks's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.38/1.99
=1.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ceragon Networks's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Ceragon Networks's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.878/134.9266*134.9266
=1.878

Current CPI (Mar. 2025) = 134.9266.

Ceragon Networks Quarterly Data

Book Value per Share CPI Adj_Book
201506 1.255 100.684 1.682
201509 1.240 100.392 1.667
201512 1.324 99.792 1.790
201603 1.332 100.470 1.789
201606 1.339 101.688 1.777
201609 1.395 101.861 1.848
201612 1.494 101.863 1.979
201703 1.516 102.862 1.989
201706 1.586 103.349 2.071
201709 1.628 104.136 2.109
201712 1.716 104.011 2.226
201803 1.741 105.290 2.231
201806 1.767 106.317 2.242
201809 1.857 106.507 2.353
201812 1.992 105.998 2.536
201903 2.019 107.251 2.540
201906 2.041 108.070 2.548
201909 2.043 108.329 2.545
201912 1.989 108.420 2.475
202003 1.873 108.902 2.321
202006 1.816 108.767 2.253
202009 1.844 109.815 2.266
202012 1.789 109.897 2.196
202103 1.792 111.754 2.164
202106 1.753 114.631 2.063
202109 1.769 115.734 2.062
202112 1.634 117.630 1.874
202203 1.617 121.301 1.799
202206 1.571 125.017 1.696
202209 1.575 125.227 1.697
202212 1.420 125.222 1.530
202303 1.456 127.348 1.543
202306 1.498 128.729 1.570
202309 1.547 129.860 1.607
202312 1.569 129.419 1.636
202403 1.577 131.776 1.615
202406 1.671 132.554 1.701
202409 1.830 133.029 1.856
202412 1.882 133.157 1.907
202503 1.878 134.927 1.878

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Ceragon Networks  (NAS:CRNT) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ceragon Networks Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ceragon Networks's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ceragon Networks Business Description

Industry
Traded in Other Exchanges
Address
3 Uri Ariav Street, Building. A (7th Floor), PO Box 112, Rosh Ha’Ayin, ISR, 4810002
Ceragon Networks Ltd is a wireless transport company in terms of unit shipments and wide distribution of its business, providing high-capacity wireless connectivity solutions to markets across various industries, mainly wireless (mobile) networks service providers. Geographically the company generates the key revenue from India. The company also has presence in North America, Europe, Africa, Asia-Pacific and Middle East, and Latin America. The company's products include IP-50 Platform, IP-20 Platform, Pointlink.