Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Ceragon NetworksFRA:GGN +0.51%78 Debt-to-Equity is 0.17 as of Jun. 2026, which is 26% below its 10-year median of 0.23. GuruFocus rates FRA:GGN with a GF Score™ of 78/100 and a GF Value™ of €1.92 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,225 Hardware companies, Ceragon Networks ranks better than 62.97% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Ceragon Networks's Debt-to-Equity or its related term are showing as below:
FRA:GGN'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.23 Max: 0.47
Current: 0.17
During the past 13 years, the highest Debt-to-Equity Ratio of Ceragon Networks was 0.47. The lowest was 0.05. And the median was 0.23.
FRA:GGN's Debt-to-Equity is ranked better than 62.97% of 2225
companies
in the Hardware industry
Industry Median: 0.28
vs FRA:GGN: 0.17
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Ceragon Networks Debt-to-Equity Related Terms
Ceragon Networks Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Ceragon Networks's Debt-to-Equity 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-Equity Comparison
For the Communication Equipment subindustry, Ceragon Networks's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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-Equity vs Hardware Industry
For the Hardware industry and Technology sector, Ceragon Networks's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Ceragon Networks's Debt-to-Equity 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.
Ceragon Networks (FRA:GGN) has a Debt-to-Equity of 0.17 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ceragon Networks and its competitors. This is 26% below median its historical median of 0.23. Over the past decade, Ceragon Networks' Debt-to-Equity has ranged from 0.05 to 0.47. According to the industry distribution chart, Ceragon Networks ranks #824 out of 2225 companies in the Hardware industry, placing it in the top 37%.
Is Ceragon Networks' Debt-to-Equity too high?
Ceragon Networks' current Debt-to-Equity of 0.17 is 26% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.47. The Hardware industry median Debt-to-Equity is 0.28. Ceragon Networks' value of 0.17 is 39.3% below this industry median. Based on the distribution chart, Ceragon Networks ranks #824 out of 2225 companies in the Hardware industry, which is above the industry midpoint. Overall, Ceragon Networks has a GF Score™ of 78/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ceragon Networks' Debt-to-Equity compare to SILC and LTRX?
According to the Hardware industry distribution chart, Ceragon Networks ranks #824 out of 2225 companies for Debt-to-Equity. This puts Ceragon Networks in the upper half of its industry. The industry median Debt-to-Equity is 0.28. Ceragon Networks' value of 0.17 is 39.3% below this benchmark. Historically, Ceragon Networks' own Debt-to-Equity has ranged from 0.05 to 0.47 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.28, 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-Equity for a Hardware company?
The median Debt-to-Equity among Hardware companies is 0.28, based on 2,225 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ceragon Networks's current Debt-to-Equity of 0.17 is 39.3% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Ceragon Networks and its competitors. For the Hardware industry, the median Debt-to-Equity is 0.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ceragon Networks's current Debt-to-Equity is 0.17, which is 26% below median its own 10-year median of 0.23. 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 €1.92, compared to a current price of €1.79 — trading 6.7% below its estimated fair value. The current Debt-to-Equity is 0.17, which is 26% below median its 10-year median of 0.23 and 39.3% below the Hardware industry median of 0.28. Ceragon Networks' overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Ceragon Networks (FRA:GGN), the current Debt-to-Equity is 0.17 as of Jun. 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 €1.79 is trading 6.7% below its estimated GF Value™ of €1.92.
GuruFocus considers Ceragon Networks to be Fairly Valued.
Key valuation signals for FRA:GGN:
Debt-to-Equity: 0.17 (26% below median its 10-year median of 0.23)
GF Value™: €1.92 vs. price of €1.79 (6.7% below fair value)
Industry Position: 39.3% below the Hardware median (#824 of 2225)
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.
78GF Score
Get the complete analysis for FRA:GGN
Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:GGN has been successfully added to your 
