Ciena (CIEN) ROCE %: 21.62% (As of Apr. 2026)


CIEN Ciena Corp CIEN
72 GF Score
Price $463.51
GF Value $96.40
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Ciena ROCE %?

Ciena CIEN +0.80% 72 ROCE % is 21.62% as of Apr. 2026. GuruFocus rates CIEN with a GF Score™ of 72/100 and a GF Value™ of $96.40 (Significantly Overvalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Ciena's annualized ROCE % for the quarter that ended in Apr. 2026 was 21.62%.

Ciena  (NYSE:CIEN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Ciena ROCE % Related Terms

Ciena ROCE % Historical Data

* Premium members only.

The historical data trend for Ciena's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ciena ROCE % Chart

Ciena Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.40 5.90 9.58 4.69 5.39

Ciena Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.69 7.68 2.16 17.62 21.62
CIEN
72GF Score
Ciena Corp CIEN
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ciena ROCE % Calculation

Ciena's annualized ROCE % for the fiscal year that ended in Oct. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Oct. 2025 )  (A: Oct. 2024 )(A: Oct. 2025 )
=248.051/( ( (5641.337 - 999.84) + (5864.667 - 1308.394) )/ 2 )
=248.051/( (4641.497+4556.273)/ 2 )
=248.051/4598.885
=5.39 %

Ciena's ROCE % of for the quarter that ended in Apr. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Apr. 2026 )  (Q: Jan. 2026 )(Q: Apr. 2026 )
=1012.54/( ( (5892.359 - 1258.373) + (6039.449 - 1308.581) )/ 2 )
=1012.54/( ( 4633.986 + 4730.868 )/ 2 )
=1012.54/4682.427
=21.62 %

(1) Note: The EBIT data used here is four times the quarterly (Apr. 2026) EBIT data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 21.62% mean?
Ciena (CIEN) has a ROCE % of 21.62% as of Apr. 2026.
Is Ciena's ROCE % too high?
Ciena's current ROCE % is 21.62%. The Hardware industry median ROCE % is 5.82. Ciena's value of 21.62% is 271.5% above this industry median. Overall, Ciena has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ciena's ROCE % compare to MSI and LITE?
Ciena's ROCE % of 21.62% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.82. Ciena's value of 21.62% is 271.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.82, based on 2,445 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ciena's current ROCE % of 21.62% is 271.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ciena's current ROCE % is 21.62%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ciena stock overvalued right now?
Based on GuruFocus' analysis, Ciena (CIEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $96.40, compared to a current price of $463.51 — trading 380.8% above its estimated fair value. The current ROCE % is 21.62% and 271.5% above the Hardware industry median of 5.82. Ciena's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Ciena (CIEN), the current ROCE % is 21.62% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ciena (CIEN) Overvalued in 2026?

Based on GuruFocus' analysis, Ciena stock appears to be overvalued. The current stock price of $463.51 is trading 380.8% above its estimated GF Value™ of $96.40. GuruFocus considers Ciena to be Significantly Overvalued.

Key valuation signals for CIEN:

  • ROCE %: 21.62%
  • GF Value™: $96.40 vs. price of $463.51 (380.8% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 271.5% above the Hardware median

No single metric tells the full story. See the CIEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ciena Business Description

Address 7035 Ridge Road, Hanover, MD, USA, 21076
Ciena is a leader in high-speed optical connectivity, providing systems, components, and automation software for telecom providers and enterprises, such as data centers, to enable long-distance connectivity. The company operates through four primary business segments: networking platforms, platform software and services, Blue Planet automation software, and global services. While telecom carriers remain important customers, cloud providers and hyperscalers now drive a significant portion of the business. To meet the demands of AI data centers, customers are adopting Ciena's WaveLogic 6 platform, the first to support 1.6 terabits-per-second capacity.
72GF Score

Get the complete analysis for CIEN

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$463.51
Price
$96.40
GF Value