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CienaFRA:CIE1 +5.51%76 EV-to-EBITDA is 50.38 as of Sep. 09, 2026, which is 250% above its 10-year median of 14.39. GuruFocus rates FRA:CIE1 with a GF Score™ of 76/100 and a GF Value™ of €86.10 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,907 Hardware companies, Ciena ranks worse than 82.22% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Ciena's enterprise value is €42,189 Mil.
Ciena's EBITDA for the trailing twelve months (TTM) ended in Jul. 2026 was €837 Mil. Therefore, Ciena's EV-to-EBITDA for today is 50.38.
The historical rank and industry rank for Ciena's EV-to-EBITDA or its related term are showing as below:
FRA:CIE1'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.3 Med: 14.39 Max: 149.71
Current: 50.48
During the past 13 years, the highest EV-to-EBITDA of Ciena was 149.71. The lowest was 9.30. And the median was 14.39.
FRA:CIE1's EV-to-EBITDA is ranked worse than 82.22% of 1907
companies
in the Hardware industry
Industry Median: 13.78
vs FRA:CIE1: 50.48
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-09-09), Ciena's stock price is €287.20.
Ciena's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2026 was €3.864. Therefore, Ciena's PE Ratio (TTM) for today is 74.33.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Ciena's share price for today is €287.20.
Ciena's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jul. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €3.864.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Ciena's EV-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:CIE1 vs HPE, UI, LITE: EV-to-EBITDA Comparison
For the Communication Equipment subindustry, Ciena's EV-to-EBITDA, along with its competitors' market caps and EV-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.
Ciena EV-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Ciena's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ciena's EV-to-EBITDA falls into.
Ciena's current Enterprise Value is €42,189 Mil.
Ciena's EBITDA for the trailing twelve months (TTM) ended in Jul. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €837 Mil.
* 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 (FRA:CIE1) has a EV-to-EBITDA of 50.38 as of Sep. 09, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ciena. This is 250% above median its historical median of 14.39. Over the past decade, Ciena's EV-to-EBITDA has ranged from 9.30 to 149.71. According to the industry distribution chart, Ciena ranks #1568 out of 1907 companies in the Hardware industry, placing it in the top 82.2%.
Is Ciena's EV-to-EBITDA too high?
Ciena's current EV-to-EBITDA of 50.38 is 250% above median its 10-year median of 14.39. Over the past 10 years, this metric has ranged from a low of 9.30 to a high of 149.71. The Hardware industry median EV-to-EBITDA is 13.78. Ciena's value of 50.38 is 265.6% above this industry median. Based on the distribution chart, Ciena ranks #1568 out of 1907 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ciena has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ciena's EV-to-EBITDA compare to HPE and UI?
According to the Hardware industry distribution chart, Ciena ranks #1568 out of 1907 companies for EV-to-EBITDA. This places Ciena in the lower half of its industry. The industry median EV-to-EBITDA is 13.78. Ciena's value of 50.38 is 265.6% above this benchmark. Historically, Ciena's own EV-to-EBITDA has ranged from 9.30 to 149.71 over the past decade. While the company's 10-year median is 14.39 vs. the industry median of 13.78, Ciena has consistently been above 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 EV-to-EBITDA for a Hardware company?
The median EV-to-EBITDA among Hardware companies is 13.78, based on 1,907 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ciena's current EV-to-EBITDA of 50.38 is 265.6% above 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ciena. For the Hardware industry, the median EV-to-EBITDA is 13.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciena's current EV-to-EBITDA is 50.38, which is 250% above median its own 10-year median of 14.39. 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 (FRA:CIE1) is currently considered Significantly Overvalued. The stock's GF Value™ is €86.10, compared to a current price of €287.20 — trading 233.6% above its estimated fair value. The current EV-to-EBITDA is 50.38, which is 250% above median its 10-year median of 14.39 and 265.6% above the Hardware industry median of 13.78. Ciena's overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Ciena (FRA:CIE1), the current EV-to-EBITDA is 50.38 as of Sep. 09, 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 (FRA:CIE1) Overvalued in 2026?
Based on GuruFocus' analysis, Ciena stock appears to be overvalued.
The current stock price of €287.20 is trading 233.6% above its estimated GF Value™ of €86.10.
GuruFocus considers Ciena to be Significantly Overvalued.
Key valuation signals for FRA:CIE1:
EV-to-EBITDA: 50.38 (250% above median its 10-year median of 14.39)
GF Value™: €86.10 vs. price of €287.20 (233.6% above fair value)
Industry Position: 265.6% above the Hardware median (#1568 of 1907)
No single metric tells the full story. See the FRA:CIE1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
76GF Score
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