---
title: "Competitor Analysis: Evaluating Ondas And Competitors In Communications Equipment Industry"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294341541.md"
description: "Benzinga analyzes Ondas (NASDAQ:ONDS) against Communications Equipment peers, highlighting a high revenue growth of 1079.9% and strong ROE of 47.84%. However, Ondas shows potential overvaluation with PE and PS ratios significantly above industry averages, while its low PB ratio suggests undervaluation. The company maintains a favorable debt-to-equity ratio of 0.01 but trails peers in EBITDA and gross profit margins."
datetime: "2026-07-30T09:58:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294341541.md)
  - [en](https://longbridge.com/en/news/294341541.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294341541.md)
---

# Competitor Analysis: Evaluating Ondas And Competitors In Communications Equipment Industry

In the ever-evolving and intensely competitive business landscape, conducting a thorough company analysis is of utmost importance for investors and industry followers. In this article, we will carry out an in-depth industry comparison, assessing **Ondas (NASDAQ:ONDS)** alongside its primary competitors in the Communications Equipment industry. By meticulously examining key financial metrics, market positioning, and growth prospects, we aim to offer valuable insights to investors and shed light on company's performance within the industry.

### Ondas Background

Ondas Inc designs, develops, manufactures, sells, and supports FullMAX Software Defined Radio (SDR) technology in the United States, Israel, and India. The company operates in two business segments namely Ondas Networks and Ondas Autonomous Systems. The company generates maximum revenue from Ondas Autonomous Systems through the sales of the Optimus system and separately priced support, maintenance, and ancillary services related to the sale of the Optimus system. Geographically, the company operates in Israel, Germany, United Arab Emirates, United States, and Other Countries. It derives maximum revenue from Israel.

**Company**

**P/E**

**P/B**

**P/S**

**ROE**

**EBITDA (in billions)**

**Gross Profit (in billions)**

**Revenue Growth**

Ondas Inc

75.56

3.61

21.89

47.84%

$0.37

$0.02

1079.9%

Cisco Systems Inc

37.49

9.07

7.38

6.98%

$5.05

$10.08

11.96%

Motorola Solutions Inc

35.02

28.33

6.17

14.78%

$0.69

$1.36

7.36%

Lumentum Holdings Inc

106.05

15.76

20.22

7.46%

$0.26

$0.36

90.12%

Ciena Corp

110.12

16.17

8.63

7.68%

$0.3

$0.69

39.51%

Ubiquiti Inc

33.63

26.32

10.23

21.09%

$0.3

$0.37

18.67%

F5 Inc

30.83

5.70

6.77

5.55%

$0.2

$0.66

6.58%

Extreme Networks Inc

242.25

48.14

3.09

12.11%

$0.02

$0.2

11.38%

NetScout Systems Inc

29.95

1.72

3.32

1.11%

$0.03

$0.16

\-0.95%

Vistance Networks Inc

16.98

0.57

1.27

306.72%

$0.07

$0.23

21.57%

Digi International Inc

57.99

3.71

5.27

1.72%

$0.03

$0.08

25.11%

Calix Inc

46.78

3.15

2.24

2.36%

$0.03

$0.16

21.27%

Harmonic Inc

132.44

3.24

3

1.98%

$0.02

$0.06

43.38%

Ituran Location and Control Ltd

17.90

5.19

2.88

7.89%

$0.03

$0.05

18.75%

Gilat Satellite Networks Ltd

20.15

1.48

1.46

1.01%

$0.01

$0.04

20.03%

Clearfield Inc

128.39

1.65

2.74

\-0.21%

$-0.0

$0.01

\-15.34%

Ribbon Communications Inc

12.97

0.93

0.48

\-7.95%

$-0.02

$0.07

\-10.3%

**Average**

**66.18**

**10.7**

**5.32**

**24.39%**

**$0.44**

**$0.91**

**19.32%**

Upon a comprehensive analysis of Ondas, the following trends can be discerned:

-   Notably, the current Price to Earnings ratio for this stock, 75.56, is 1.14x above the industry norm, reflecting a higher valuation relative to the industry.
-   With a Price to Book ratio of 3.61, significantly falling below the industry average by 0.34x, it suggests undervaluation and the possibility of untapped growth prospects.
-   The Price to Sales ratio of 21.89, which is 4.11x the industry average, suggests the stock could potentially be overvalued in relation to its sales performance compared to its peers.
-   With a Return on Equity (ROE) of 47.84% that is 23.45% above the industry average, it appears that the company exhibits efficient use of equity to generate profits.
-   The company has lower Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $370 Million, which is 0.84x below the industry average. This potentially indicates lower profitability or financial challenges.
-   With lower gross profit of $20 Million, which indicates 0.02x below the industry average, the company may experience lower revenue after accounting for production costs.
-   The company's revenue growth of 1079.9% is notably higher compared to the industry average of 19.32%, showcasing exceptional sales performance and strong demand for its products or services.

### Debt To Equity Ratio

![debt to equity](https://imageproxy.pbkrs.com/https://cdn.benzinga.com/files/images/story/2026/07/30/263ca627b54511257e5464b0da7e077a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg)

The debt-to-equity (D/E) ratio indicates the proportion of debt and equity used by a company to finance its assets and operations.

Considering the debt-to-equity ratio in industry comparisons allows for a concise evaluation of a company's financial health and risk profile, aiding in informed decision-making.

In terms of the Debt-to-Equity ratio, Ondas stands in comparison with its top 4 peers, leading to the following comparisons:

-   In terms of the debt-to-equity ratio, Ondas has a lower level of debt compared to its top 4 peers, indicating a stronger financial position.
-   This implies that the company relies less on debt financing and has a more favorable balance between debt and equity with a lower debt-to-equity ratio of 0.01.

### Key Takeaways

For Ondas in the Communications Equipment industry, its high PE and PS ratios suggest potential overvaluation compared to peers. Conversely, its low PB ratio indicates undervaluation relative to industry standards. Ondas' high ROE and revenue growth signify strong profitability and future potential, despite its low EBITDA and gross profit margins compared to industry peers.

_This article was generated by Benzinga's automated content engine and reviewed by an editor._

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## Related News & Research

- [BlackRock discloses 7.2% passive stake in Ondas](https://longbridge.com/en/news/294321262.md)
- [Inquiry Into Ondas's Competitor Dynamics In Communications Equipment Industry](https://longbridge.com/en/news/293913513.md)
- [Investigating Ondas's Standing In Communications Equipment Industry Compared To Competitors](https://longbridge.com/en/news/294187671.md)
- [Evaluating Ondas Against Peers In Communications Equipment Industry](https://longbridge.com/en/news/294046716.md)
- [Ondas Holdings Inc. (NASDAQ:ONDS) Receives Average Recommendation of "Moderate Buy" from Analysts](https://longbridge.com/en/news/294600485.md)