Ciena Corporation CIEN
- Market cap
- $51.7B
- P/E
- 77.3×
Follow CIEN
Ciena Corporation (CIEN) Price to free cash flow
As of 25 September 2026, Ciena Corporation (CIEN) trades at a price to free cash flow of 62.3×. Over the past ten years it has ranged from 0.0× (October 2023) to 376× (August 2022); the current reading is higher than 91% of that period. That is above the Communication Equipment industry median of 25.0× and above the Technology sector median of 19.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2025 | 40.6× | 66.93% |
| FY2024 | 24.3× | (75.96%) |
| FY2023 | 101× | — |
| FY2022 | 0.0× | — |
| FY2021 | 18.6× | 26.35% |
| FY2020 | 14.7× | (10.87%) |
| FY2019 | 16.5× | (40.68%) |
| FY2018 | 27.8× | 29.11% |
| FY2017 | 21.5× | 46.45% |
| FY2016 | 14.7× | 1.64% |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jul 2026 | 65.8× | (26.87%) |
| Apr 2026 | 89.9× | 75.49% |
| Jan 2026 | 51.3× | 26.23% |
| Oct 2025 | 40.6× | 86.66% |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| ASTS AST SpaceMobile, Inc. compare | n/m |
| ERIC Ericsson compare | 10.2× |
| HPE Hewlett Packard Enterprise Company compare | 18.4× |
| ZBRA Zebra Technologies Corporation compare | 19.5× |
| MSI Motorola Solutions, Inc. compare | 28.2× |
| UI Ubiquiti Inc. compare | 37.3× |
| CIEN Ciena Corporation | 62.3× |
| NOK Nokia Corporation compare | 94.3× |
| LITE Lumentum Holdings Inc. compare | 205× |
| Communication Equipment industry median | 25.0× |
| Technology sector median | 19.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))
More on CIEN
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement