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 assessment of its stock. The company appears to be undervalued, supported by a P/E ratio of 8, an EV to EBITDA ratio of 4.30, and a PEG ratio of 0.03, all of which suggest that the stock is trading at a discount compared to its earnings growth potential.
In comparison to peers, Ceragon Networks Ltd. has a more favorable valuation profile than Infinera Corp., which has a negative P/E ratio, and AudioCodes Ltd., which has a higher P/E of 21.41. The stock has underperformed against the S&P 500 over the past year, with a return of -2.42% compared to the index's 19.89%, but it has shown resilience over the longer term with a 3-year return of 41.52% compared to the S&P 500's 76.66%.