Ceragon Networks (FRA:GGN) Cyclically Adjusted Revenue per Share: €3.72 (As of Mar. 2026)

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FRA:GGN Ceragon Networks Ltd FRA:GGN
70 GF Score
Price €1.85
GF Value €1.81
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Ceragon Networks Cyclically Adjusted Revenue per Share?

Ceragon Networks FRA:GGN -1.55% 70 Cyclically Adjusted Revenue per Share is €3.72 as of Mar. 2026. GuruFocus rates FRA:GGN with a GF Score™ of 70/100 and a GF Value™ of €1.81 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Ceragon Networks's adjusted revenue per share for the three months ended in Mar. 2026 was €0.811. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €3.72 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Ceragon Networks's average Cyclically Adjusted Revenue Growth Rate was -0.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -6.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -8.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -5.80% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Ceragon Networks was 23.50% per year. The lowest was -11.50% per year. And the median was -0.50% per year.

As of today (2026-07-22), Ceragon Networks's current stock price is €1.848. Ceragon Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €3.72. Ceragon Networks's Cyclically Adjusted PS Ratio of today is 0.50.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ceragon Networks was 1.08. The lowest was 0.16. And the median was 0.41.


Ceragon Networks  (FRA:GGN) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Ceragon Networks's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1.848/3.72
=0.50

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ceragon Networks was 1.08. The lowest was 0.16. And the median was 0.41.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Ceragon Networks Cyclically Adjusted Revenue per Share Related Terms


Ceragon Networks Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Ceragon Networks's Cyclically Adjusted Revenue per Share 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.

Ceragon Networks Cyclically Adjusted Revenue per Share Chart

Ceragon Networks Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.33 4.95 4.28 4.42 3.75

Ceragon Networks Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 4.26 3.88 3.86 3.75 3.72

FRA:GGN vs SILC, LTRX, AMPG: Cyclically Adjusted Revenue per Share Comparison

For the Communication Equipment subindustry, Ceragon Networks's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


FRA:GGN
70GF Score
Ceragon Networks Ltd FRA:GGN
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ceragon Networks Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

For example, Ceragon Networks's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.811/330.2130*330.2130
=0.811

Current CPI (Mar. 2026) = 330.2130.

Ceragon Networks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.800 241.018 1.096
201609 0.889 241.428 1.216
201612 1.008 241.432 1.379
201703 0.914 243.801 1.238
201706 1.036 244.955 1.397
201709 0.801 246.819 1.072
201712 0.922 246.524 1.235
201803 0.844 249.554 1.117
201806 0.935 251.989 1.225
201809 0.914 252.439 1.196
201812 0.919 251.233 1.208
201903 0.743 254.202 0.965
201906 0.787 256.143 1.015
201909 0.802 256.759 1.031
201912 0.796 256.974 1.023
202003 0.626 258.115 0.801
202006 0.684 257.797 0.876
202009 0.731 260.280 0.927
202012 0.746 260.474 0.946
202103 0.694 264.877 0.865
202106 0.683 271.696 0.830
202109 0.764 274.310 0.920
202112 0.820 278.802 0.971
202203 0.760 287.504 0.873
202206 0.796 296.311 0.887
202209 0.943 296.808 1.049
202212 0.845 296.797 0.940
202303 0.917 301.836 1.003
202306 0.932 305.109 1.009
202309 0.956 307.789 1.026
202312 0.962 306.746 1.036
202403 0.930 312.332 0.983
202406 1.015 314.175 1.067
202409 1.047 315.301 1.097
202412 1.135 315.605 1.188
202503 0.924 319.799 0.954
202506 0.797 322.561 0.816
202509 0.794 324.800 0.807
202512 0.776 324.054 0.791
202603 0.811 330.213 0.811

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of €3.72 mean?
Ceragon Networks (FRA:GGN) has a Cyclically Adjusted Revenue per Share of €3.72 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ceragon Networks and its competitors.
Is Ceragon Networks' Cyclically Adjusted Revenue per Share too high?
Ceragon Networks' current Cyclically Adjusted Revenue per Share is €3.72. Overall, Ceragon Networks has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ceragon Networks' Cyclically Adjusted Revenue per Share compare to SILC and LTRX?
Ceragon Networks' Cyclically Adjusted Revenue per Share of €3.72 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Hardware company?
A good Cyclically Adjusted Revenue per Share depends on the Hardware industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ceragon Networks and its competitors. Ceragon Networks's current Cyclically Adjusted Revenue per Share is €3.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ceragon Networks stock overvalued right now?
Based on GuruFocus' analysis, Ceragon Networks (FRA:GGN) is currently considered Fairly Valued. The stock's GF Value™ is €1.81, compared to a current price of €1.85 — trading 2.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €3.72. Ceragon Networks' overall GF Score™ is 70/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Ceragon Networks (FRA:GGN), the current Cyclically Adjusted Revenue per Share is €3.72 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ceragon Networks (FRA:GGN) Overvalued in 2026?

Based on GuruFocus' analysis, Ceragon Networks stock appears to be overvalued. The current stock price of €1.85 is trading 2.1% above its estimated GF Value™ of €1.81. GuruFocus considers Ceragon Networks to be Fairly Valued.

Key valuation signals for FRA:GGN:

  • Cyclically Adjusted Revenue per Share: €3.72
  • GF Value™: €1.81 vs. price of €1.85 (2.1% above fair value)
  • GF Score™: 70/100 with 3 warning signs

No single metric tells the full story. See the FRA:GGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ceragon Networks Business Description

Other Exchanges CRNT:USAGGN:Germany
Address 3 Uri Ariav Street, Building. A (7th Floor), PO Box 112, Rosh Ha’Ayin, ISR, 4810002
Ceragon Networks Ltd is a wireless transport specialist, providing wireless connectivity solutions to markets globally across various industries, including wireless (mobile) network service providers and private networks, enabling them to build new networks and evolve networks towards 4G and 5G services. Its portfolio mainly comprises the IP-20 and IP-50 product series, including integrated multi-technology radio units operating across frequencies from 4 GHz to 86 GHz, as well as single-radio devices used for wireless data transport. Additionally, the company offers turnkey services including: network and radio planning, site survey, installation, network auditing and optimization, and more. Geographically, it derives maximum revenue from India, followed by North America and other regions.
70GF Score

Get the complete analysis for FRA:GGN

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.85
Price
€1.81
GF Value