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Ciena CIEN Price / book

Price / book at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
7.4×+2.5×
Keysight Technologies logo
Keysight TechnologiesKEYS
9.5×+4.9×
Celestica logo
CelesticaCLS
15.4×+9.6×
Credo Technology Group Holding Ltd logo
Credo Technology Group Holding LtdCRDO
15.6×+5.0×
Coherent logo
CoherentCOHR
4.2×+2.3×
Astera Labs, Inc. logo
Astera Labs, Inc.ALAB
12.5×+3.2×

Other financials

Income statement

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Revenue$1.6B+39.5%
Gross profit$691.6M+52.7%
Operating income$237.9M+624%
Net income$218.2M+2,333%
EPS (diluted)$1.49+2,383%

Balance sheet

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Cash & equivalents$1.0B+10.0%
Total debt$1.6B-0.8%
Total equity$2.9B+4.2%
Total assets$6.0B+6.7%

Cash flow

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Operating cash flow$259.7M+65.5%
CapEx$41.0M+42.8%
Free cash flow$218.7M+70.6%

Valuation

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Market cap$61.82B+716%
Enterprise value$62.35B+668%
P/E141×+68.8×
P/S11.1×+9.3×

Profitability

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Gross margin43%+1.1pp
Operating margin9.2%+4.5pp
Net margin7.9%+5.4pp

Returns & leverage

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Return on equity15.5%+11.8pp
Debt / equity0.5×0.0×
Current ratio2.7×-0.7×

Where this comes from

Calculated from Ciena’s reported figures.

Based on the most recent quarter.

The official record: Ciena’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ciena's price / book?
Ciena (CIEN) reported price / book of 25.8× in Q1 2026.
How has Ciena's price / book changed year-over-year?
Ciena's price / book increased by 683.6% year-over-year, from 3.3× to 25.8×.
What is the long-term trend for Ciena's price / book?
Over 4 years (2021 to 2025), Ciena's price / book has grown at a 16.8% compound annual growth rate (CAGR), from 12× to 22.2×.
What does price / book mean?
How the market price compares to the company's accounting net worth.
How do you interpret price / book?
Below 1.0 can flag a market discount to book value (common for distressed or asset-heavy firms); high values reflect intangible value the balance sheet doesn't capture. Most informative for financials and asset-heavy businesses.
How does price / book compare across companies?
A core valuation gauge for banks and insurers; weak for asset-light firms where book value understates economic value.