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Ceragon NetworksFRA:GGN -0.52%70 Debt-to-EBITDA is 1.39 as of Mar. 2026, which is 19% below its 10-year median of 1.71. GuruFocus rates FRA:GGN with a GF Score™ of 70/100 and a GF Value™ of €2.02 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,790 Hardware companies, Ceragon Networks ranks better than 50% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Ceragon Networks's Debt-to-EBITDA or its related term are showing as below:
FRA:GGN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -45.86 Med: 1.71 Max: 3.72
Current: 1.71
During the past 13 years, the highest Debt-to-EBITDA Ratio of Ceragon Networks was 3.72. The lowest was -45.86. And the median was 1.71.
FRA:GGN's Debt-to-EBITDA is ranked better than 50% of 1790
companies
in the Hardware industry
Industry Median: 1.71
vs FRA:GGN: 1.71
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Ceragon Networks Debt-to-EBITDA Related Terms
Ceragon Networks Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Ceragon Networks's Debt-to-EBITDA 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.
FRA:GGN vs SILC, LTRX, AMPG: Debt-to-EBITDA Comparison
For the Communication Equipment subindustry, Ceragon Networks's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Ceragon Networks's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ceragon Networks's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Ceragon Networks (FRA:GGN) has a Debt-to-EBITDA of 1.39 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ceragon Networks. This is 19% below median its historical median of 1.71. According to the industry distribution chart, Ceragon Networks ranks #895 out of 1790 companies in the Hardware industry, placing it in the top 50%.
Is Ceragon Networks' Debt-to-EBITDA too high?
Ceragon Networks' current Debt-to-EBITDA of 1.39 is 19% below median its 10-year median of 1.71. The Hardware industry median Debt-to-EBITDA is 1.71. Ceragon Networks' value of 1.39 is 18.7% below this industry median. Based on the distribution chart, Ceragon Networks ranks #895 out of 1790 companies in the Hardware industry, which is above the industry midpoint. 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' Debt-to-EBITDA compare to SILC and LTRX?
According to the Hardware industry distribution chart, Ceragon Networks ranks #895 out of 1790 companies for Debt-to-EBITDA. This puts Ceragon Networks in the upper half of its industry. The industry median Debt-to-EBITDA is 1.71. Ceragon Networks' value of 1.39 is 18.7% below this benchmark. While the company's 10-year median is 1.71 vs. the industry median of 1.71, Ceragon Networks has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,790 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ceragon Networks's current Debt-to-EBITDA of 1.39 is 18.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ceragon Networks. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ceragon Networks's current Debt-to-EBITDA is 1.39, which is 19% below median its own 10-year median of 1.71. 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 €2.02, compared to a current price of €1.90 — trading 6.1% below its estimated fair value. The current Debt-to-EBITDA is 1.39, which is 19% below median its 10-year median of 1.71 and 18.7% below the Hardware industry median of 1.71. 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 Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Ceragon Networks (FRA:GGN), the current Debt-to-EBITDA is 1.39 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 undervalued.
The current stock price of €1.90 is trading 6.1% below its estimated GF Value™ of €2.02.
GuruFocus considers Ceragon Networks to be Fairly Valued.
Key valuation signals for FRA:GGN:
Debt-to-EBITDA: 1.39 (19% below median its 10-year median of 1.71)
GF Value™: €2.02 vs. price of €1.90 (6.1% below fair value)
Industry Position: 18.7% below the Hardware median (#895 of 1790)
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 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
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