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CienaCIEN +2.14%72 EV-to-OCF is 56.89 as of Aug. 09, 2026, which is 232% above its 10-year median of 17.13. GuruFocus rates CIEN with a GF Score™ of 72/100 and a GF Value™ of $99.09 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,496 Hardware companies, Ciena ranks worse than 85.1% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Ciena's Enterprise Value is $58,753 Mil.
Ciena's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was $1,033 Mil. Therefore, Ciena's EV-to-OCF for today is 56.89.
The historical rank and industry rank for Ciena's EV-to-OCF or its related term are showing as below:
CIEN'
s EV-to-OCF Range Over the Past 10 Years
Min: -184.29 Med: 17.13 Max: 83.06
Current: 56.89
During the past 13 years, the highest EV-to-OCF of Ciena was 83.06. The lowest was -184.29. And the median was 17.13.
CIEN's EV-to-OCF is ranked worse than 85.1% of 2496
companies
in the Hardware industry
Industry Median: 8.95
vs CIEN: 56.89
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
As of today (2026-08-09), Ciena's stock price is $412.39.
Ciena's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 was $3.000. Therefore, Ciena's PE Ratio (TTM) for today is 137.46.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $412.39.
Ciena's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.000.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Ciena EV-to-OCF Related Terms
Ciena EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Ciena's EV-to-OCF 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.
For the Communication Equipment subindustry, Ciena's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Hardware Industry
For the Hardware industry and Technology sector, Ciena's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Ciena's EV-to-OCF falls into.
Ciena's current Enterprise Value is $58,753 Mil.
Ciena's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,033 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 (CIEN) has a EV-to-OCF of 56.89 as of Aug. 09, 2026. This is 232% above median its historical median of 17.13. According to the industry distribution chart, Ciena ranks #2124 out of 2496 companies in the Hardware industry, placing it in the top 85.1%.
Is Ciena's EV-to-OCF too high?
Ciena's current EV-to-OCF of 56.89 is 232% above median its 10-year median of 17.13. The Hardware industry median EV-to-OCF is 8.95. Ciena's value of 56.89 is 535.6% above this industry median. Based on the distribution chart, Ciena ranks #2124 out of 2496 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Ciena has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ciena's EV-to-OCF compare to LITE and HPE?
According to the Hardware industry distribution chart, Ciena ranks #2124 out of 2496 companies for EV-to-OCF. This places Ciena in the lower half of its industry. The industry median EV-to-OCF is 8.95. Ciena's value of 56.89 is 535.6% above this benchmark. While the company's 10-year median is 17.13 vs. the industry median of 8.95, 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-OCF for a Hardware company?
The median EV-to-OCF among Hardware companies is 8.95, based on 2,496 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ciena's current EV-to-OCF of 56.89 is 535.6% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median EV-to-OCF is 8.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciena's current EV-to-OCF is 56.89, which is 232% above median its own 10-year median of 17.13. 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 (CIEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $99.09, compared to a current price of $412.39 — trading 316.2% above its estimated fair value. The current EV-to-OCF is 56.89, which is 232% above median its 10-year median of 17.13 and 535.6% above the Hardware industry median of 8.95. Ciena's overall GF Score™ is 72/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Ciena (CIEN), the current EV-to-OCF is 56.89 as of Aug. 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 (CIEN) Overvalued in 2026?
Based on GuruFocus' analysis, Ciena stock appears to be overvalued.
The current stock price of $412.39 is trading 316.2% above its estimated GF Value™ of $99.09.
GuruFocus considers Ciena to be Significantly Overvalued.
Key valuation signals for CIEN:
EV-to-OCF: 56.89 (232% above median its 10-year median of 17.13)
GF Value™: $99.09 vs. price of $412.39 (316.2% above fair value)
Industry Position: 535.6% above the Hardware median (#2124 of 2496)
No single metric tells the full story. See the CIEN 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.
72GF Score
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