As of Jul 25, 2024, the Ciena stock's PE ratio is 47.91. This takes into account the latest EPS of $1.04 and stock price of $49.83. The PE ratio marks an increase of 47% from its last 4 quarters average of 32.5.
The PE ratio of Ciena has averaged 42.42 over the last nine years. The current P/E ratio of 47.91 is 13% higher than the historical average. Looking back at the last nine years, CIEN's PE ratio peaked in the Oct 2015 quarter at 241.4, when the price was $24.14 and the EPS was $0.1. The lowest point was in the Oct 2017 quarter, when it reached 2.39 with a price of $21.27 and an EPS of $8.89.
Maximum annual increase: 183.33% in 2022
Maximum annual decrease: -93.59% in 2017
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 23.99 | -49.78% |
| 2022 | 47.77 | 183.33% |
| 2021 | 16.86 | 0.18% |
| 2020 | 16.83 | -26.09% |
| 2019 | 22.77 | N/A |
| 2018 | N/A | N/A |
| 2017 | 2.39 | -93.59% |
| 2016 | 37.27 | -84.56% |
| 2015 | 241.4 | N/A |
| 2014 | N/A | N/A |
The current PE ratio of CIEN is higher than its 3, 5 and 10-year averages.
CIEN's PE ratio stands lower than its peer stocks JNPR and CALX, but it is higher than CSCO's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CSCO Cisco Systems Inc | 16.01 | $192.9B |
| CIEN Ciena Corp | 48.23 | $7.21B |
| JNPR Juniper Networks Inc | 52.46 | $12.11B |
| CALX Calix Inc | 917 | $2.41B |
| ADTN Adtran Inc | N/A | $512.68M |
| INFN Infinera Corp | N/A | $1.41B |
The price to earnings ratio for CIEN stock is 47.91 as of Jul 25, 2024.
The 3-year average price to earnings ratio for CIEN stock is 30.87.
The 5-year average price to earnings ratio for CIEN stock is 27.63.
The highest quarterly PE ratio in the last nine years has been 241.4 and it was in the Oct 2015 quarter.
CIEN's price to earnings ratio is currently 13% above its 9-year historical average.
The P/E ratio is obtained by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jul 25, 2024), Ciena's share price is $49.83. The company's earnings per share for the trailing twelve months (TTM) ending Apr 2024 is $1.04. Therefore, Ciena's PE ratio for today is 47.91. PE RATIO(47.91) = STOCK PRICE($49.83) / TTM EPS($1.04)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.