Ceragon Networks Ltd.

DB:GGN Stock Report

Market Cap: €173.3m

Ceragon Networks Valuation

Is GGN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of GGN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Future Cash Flow Value: GGN (€1.9) is trading above our estimate of future cash flow value (€0.08)

Significantly Below Future Cash Flow Value: GGN is trading above our estimate of future cash flow value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for GGN?

Key metric: As GGN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GGN. This is calculated by dividing GGN's market cap by their current earnings.
What is GGN's PE Ratio?
PE Ratio145.4x
EarningsUS$1.39m
Market CapUS$205.85m

Price to Earnings Ratio vs Peers

How does GGN's PE Ratio compare to its peers?

The above table shows the PE ratio for GGN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.1x
FEW0 Funkwerk
11xn/a€262.7m
5TL Cogelec
45.2x35.74%€242.2m
CEK CeoTronics
26.4x12.59%€125.3m
06H BPC Instruments
41.7xn/a€300.9m
GGN Ceragon Networks
145.4x104.83%€205.8m

Price-To-Earnings vs Peers: GGN is expensive based on its Price-To-Earnings Ratio (145.4x) compared to the peer average (31.1x).


Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Earnings Ratio vs Industry

How does GGN's PE Ratio compare vs other companies in the European Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GGN 145.4xIndustry Avg. 40.5xNo. of Companies7PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GGN is expensive based on its Price-To-Earnings Ratio (145.4x) compared to the European Communications industry average (40.9x).


Price to Earnings Ratio vs Fair Ratio

What is GGN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GGN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio145.4x
Fair PE Ratio47.8x

Price-To-Earnings vs Fair Ratio: GGN is expensive based on its Price-To-Earnings Ratio (145.4x) compared to the estimated Fair Price-To-Earnings Ratio (47.8x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GGN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.90
€4.08
+114.85%
47.31%€7.73€2.58n/a5
Jan ’27€1.74
€4.10
+135.56%
47.31%€7.77€2.59n/a5
Dec ’26€1.72
€4.10
+138.30%
47.31%€7.77€2.59n/a5
Nov ’26€2.40
€4.03
+67.73%
47.31%€7.63€2.54n/a5
Oct ’26€1.95
€4.03
+106.44%
47.31%€7.63€2.54n/a5
Sep ’26€1.75
€4.08
+133.13%
47.31%€7.73€2.58n/a5
Aug ’26€1.95
€5.06
+159.25%
40.98%€8.61€3.44n/a4
Jul ’26€2.06
€5.48
+165.90%
36.68%€8.94€4.02n/a4
Jun ’26€2.04
€5.48
+168.51%
36.68%€8.94€4.02n/a4
May ’26€1.90
€6.22
+227.34%
28.45%€9.21€4.61n/a4
Apr ’26€2.14
€6.22
+190.63%
28.45%€9.21€4.61n/a4
Mar ’26€2.66
€7.03
+164.47%
25.71%€9.59€5.76n/a3
Feb ’26€4.38
€7.04
+60.78%
25.71%€9.60€5.76n/a3
Jan ’26€4.46
€6.50
+45.72%
33.97%€9.51€4.28€1.743
Nov ’25€2.28
€4.51
+97.67%
7.69%€4.85€4.16€2.402
Jun ’25€2.38
€5.25
+120.44%
6.67%€5.60€4.90€2.042
May ’25€2.60
€5.25
+101.79%
6.67%€5.60€4.90€1.902
Apr ’25€2.94
€5.25
+78.45%
6.67%€5.60€4.90€2.142
Mar ’25€2.78
€5.25
+88.72%
6.67%€5.60€4.90€2.662
Feb ’25€2.24
€5.25
+134.22%
6.67%€5.60€4.90€4.382
Jan ’25€1.91
€5.25
+174.68%
6.67%€5.60€4.90€4.462
€4.01
Fair Value
52.6% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/26 12:50
End of Day Share Price 2026/01/26 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ceragon Networks Ltd. is covered by 14 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Rommel DionisioAegis Capital Corporation
Amir RozwadowskiBarclays
Scott SearleB. Riley Securities, Inc.