Ciena (MEX:CIEN) E10: MXN40.72 (As of Apr. 2026)


MEX:CIEN Ciena Corp MEX:CIEN
68 GF Score
Price MXN7,586.00
GF Value MXN1,622.93
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Ciena E10?

Ciena MEX:CIEN 68 E10 is MXN40.72 as of Apr. 2026. GuruFocus rates MEX:CIEN with a GF Score™ of 68/100 and a GF Value™ of MXN1,622.93 (Significantly Overvalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ciena's adjusted earnings per share data for the three months ended in Apr. 2026 was MXN26.099. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN40.72 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Ciena's average E10 Growth Rate was 18.10% per year. During the past 3 years, the average E10 Growth Rate was 12.40% per year. During the past 5 years, the average E10 Growth Rate was 29.70% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Ciena was 53.80% per year. The lowest was -6.40% per year. And the median was 26.60% per year.

As of today (2026-07-08), Ciena's current stock price is MXN7586.00. Ciena's E10 for the quarter that ended in Apr. 2026 was MXN40.72. Ciena's Shiller PE Ratio of today is 186.30.

During the past 13 years, the highest Shiller PE Ratio of Ciena was 472.67. The lowest was 23.29. And the median was 42.93.


Ciena  (MEX:CIEN) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ciena's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7586.00/40.72
=186.30

* 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 Shiller P/E Ratio of Ciena was 472.67. The lowest was 23.29. And the median was 42.93.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Ciena E10 Related Terms


Ciena E10 Historical Data

* Premium members only.

The historical data trend for Ciena's E10 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.

Ciena E10 Chart

Ciena Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 32.27 40.59 36.56

Ciena Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
E10 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 35.47 39.53 36.56 39.14 40.72

MEX:CIEN vs MSI, LITE, HPE: E10 Comparison

For the Communication Equipment subindustry, Ciena's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


Ciena Shiller PE Ratio vs Hardware Industry

For the Hardware industry and Technology sector, Ciena's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Ciena's Shiller PE Ratio falls into.


MEX:CIEN
68GF Score
Ciena Corp MEX:CIEN
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ciena E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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, Ciena's adjusted earnings per share data for the three months ended in Apr. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=26.099/333.0200*333.0200
=26.099

Current CPI (Apr. 2026) = 333.0200.

Ciena Quarterly Data

per share eps CPI Adj_EPS
201607 4.315 240.628 5.972
201610 4.697 241.729 6.471
201701 0.625 242.839 0.857
201704 4.734 244.524 6.447
201707 6.965 244.786 9.476
201710 140.024 246.663 189.047
201801 -61.265 247.867 -82.312
201804 1.689 250.546 2.245
201807 6.323 252.006 8.356
201810 6.887 252.885 9.069
201901 4.001 251.712 5.293
201904 6.268 255.548 8.168
201907 10.446 256.571 13.559
201910 9.779 257.346 12.655
202001 7.556 257.971 9.754
202004 14.148 256.389 18.377
202007 20.226 259.101 25.996
202010 8.936 260.388 11.429
202101 7.089 261.582 9.025
202104 13.312 267.054 16.600
202107 30.166 273.003 36.798
202110 13.564 276.589 16.331
202201 5.985 281.148 7.089
202204 5.090 289.109 5.863
202207 1.425 296.276 1.602
202210 7.741 298.012 8.650
202301 9.587 299.170 10.672
202304 6.835 303.363 7.503
202307 3.344 305.691 3.643
202310 11.193 307.671 12.115
202401 5.840 308.417 6.306
202404 -2.048 313.548 -2.175
202407 1.860 314.540 1.969
202410 5.008 315.664 5.283
202501 6.395 317.671 6.704
202504 1.175 320.795 1.220
202507 6.579 323.048 6.782
202510 2.411 0.000
202601 17.870 325.252 18.297
202604 26.099 333.020 26.099

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of MXN40.72 mean?
Ciena (MEX:CIEN) has a E10 of MXN40.72 as of Apr. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ciena and its competitors.
Is Ciena's E10 too high?
Ciena's current E10 is MXN40.72. Overall, Ciena has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ciena's E10 compare to MSI and LITE?
Ciena's E10 of MXN40.72 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 E10 for a Hardware company?
A good E10 depends on the Hardware industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Ciena and its competitors. Ciena's current E10 is MXN40.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciena stock overvalued right now?
Based on GuruFocus' analysis, Ciena (MEX:CIEN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,622.93, compared to a current price of MXN7,586.00 — trading 367.4% above its estimated fair value. The current E10 is MXN40.72. Ciena's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Ciena (MEX:CIEN), the current E10 is MXN40.72 as of Apr. 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 Ciena (MEX:CIEN) Overvalued in 2026?

Based on GuruFocus' analysis, Ciena stock appears to be overvalued. The current stock price of MXN7,586.00 is trading 367.4% above its estimated GF Value™ of MXN1,622.93. GuruFocus considers Ciena to be Significantly Overvalued.

Key valuation signals for MEX:CIEN:

  • E10: MXN40.72
  • GF Value™: MXN1,622.93 vs. price of MXN7,586.00 (367.4% above fair value)
  • GF Score™: 68/100 with 4 warning signs

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


Ciena Business Description

Address 7035 Ridge Road, Hanover, MD, USA, 21076
Ciena is a leader in high-speed optical connectivity, providing systems, components, and automation software for telecom providers and enterprises, such as data centers, to enable long-distance connectivity. The company operates through four primary business segments: networking platforms, platform software and services, Blue Planet automation software, and global services. While telecom carriers remain important customers, cloud providers and hyperscalers now drive a significant portion of the business. To meet the demands of AI data centers, customers are adopting Ciena's WaveLogic 6 platform, the first to support 1.6 terabits-per-second capacity.
68GF Score

Get the complete analysis for MEX:CIEN

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN7,586.00
Price
MXN1,622.93
GF Value