Ciena price to free cash flow CIEN

Market value divided by free cash flow over the last twelve months, since 2012.

Today, Oct 23, 2026: 55.8×
10-year median: 23.9×
Against its 10-year history: 85th; percentile: 0 is its lowest day, 100 its highest
10-year range: 10.4× to 335×
Peer median: 31.3×

Ciena's price to free cash flow is 55.8× as of Oct 23, 2026.

That is above its ten-year median of 23.9×, higher than on 85% of days in the last ten years.

Over that time it ranged from 10.4× in Apr 2024 to 335× in Dec 2022.

The median for 7 communication equipment stocks of a similar size is 31.3×.

Price to free cash flow over time

median 23.9×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	55.8×	48.5×	111×
2025	51.2×	25.9×	56.3×
2024	32.6×	10.4×	142×
2023	105×	103×	105×
2022	335×	18.1×	335×
2021	25.8×	17.3×	29.8×
2020	17.3×	14.1×	23.8×
2019	18.8×	18.6×	57.7×
2018	32.0×	16.6×	32.0×
2017	21.4×	18.5×	26.9×
2016	18.8×	11.7×	25.7×
2015	14.0×	13.4×	54.1×
2014	51.0×	51.0×	430×
2013	494×	25.0×	499×
2012	26.1×	13.2×	30.1×

Against its peers

Companies in Communication Equipment nearest Ciena's size, closest first, today.

Company	Price to free cash flow
CIENCiena	55.8×
UIUbiquiti	39.1×
LITELumentum	226×
MSIMotorola Solutions	29.8×
ZBRAZebra Technologies	20.2×
FNFabrinet	n/m
ESEEsco Technologies	29.0×
CSCOCisco Systems	32.9×
Peer median	31.3×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Ciena

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.