Ciena Corporation CIEN

356.91 (1.52) (0.42%) as of 25 Sep
Market cap
$51.7B
P/E
77.3×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

Against its own ten years

Low 0.0× High 376×
Ten-year median 21.4×
Current reading's percentile 91

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)))

The full definition of Price to free cash flow →

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