Is Ceragon Networks Ltd. overvalued or undervalued?

As of 31 October 2025, the valuation grade for Ceragon Networks Ltd. has moved from fair to attractive, indicating a more favorable outlook. The company appears undervalued, with a P/E ratio of 8, significantly lower than the peer average of approximately 10.23. Additionally, Ceragon's EV to EBITDA ratio stands at 4.30, compared to the peer average of 4.09, and its PEG ratio is an impressive 0.03, suggesting strong growth potential relative to its price.
In comparison to its peers, Infinera Corp. is considered risky with a P/E of -12.83, while Gilat Satellite Networks Ltd. is deemed expensive with a P/E of 26.91. Despite recent underperformance, Ceragon's stock has shown a 48.54% return over the past three years, although it lags behind the S&P 500's 76.66% return in the same period. This valuation suggests that Ceragon Networks Ltd. may present a compelling investment opportunity given its attractive metrics relative to peers.