Is Ceragon Networks Ltd. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Ceragon Networks Ltd. moved from fair to attractive, indicating a positive shift in its valuation outlook. The company appears undervalued, supported by a P/E ratio of 8, a Price to Book Value of 1.35, and an EV to EBITDA of 4.30. In comparison, peers such as Infinera Corp. have a P/E ratio of -12.83, while Clearfield, Inc. shows a significantly high P/E of 464.44, highlighting Ceragon's relative attractiveness in the market.
Despite a challenging year-to-date performance of -44.33% compared to the S&P 500's 16.30%, Ceragon's three-year return of 44.44% suggests potential for recovery and growth. The company's strong ROCE of 23.85% and ROE of 16.74% further reinforce its investment appeal within the telecom equipment sector.