We report on results from high-energy spectroscopic measurements on CeFe 2 , a system of particular interest due to its anomalous ferromagnetism with an unusually low Curie temperature and small magnetization compared to the other rare-earth iron Laves phase compounds. Our experimental results, obtained using core-level and valence-band photoemission, inverse photoemission and soft x-ray absorption techniques, indicate very strong hybridization of the Ce 4 f states with the delocalized band states, mainly the Fe 3d states. In the interpretation and analysis of our measured spectra, we have made use of two different theoretical approaches: The first one is based on the Anderson impurity model, with surface contributions explicitly taken into account. The second method consists of band-structure calculations for bulk CeFe 2 . The analysis based on the Anderson impurity model gives calculated spectra in good agreement with the whole range of measured spectra, and reveals that the Ce 4 f -Fe 3d hybridization is considerably reduced at the surface, resulting in even stronger hybridization in the bulk than previously thought. The band-structure calculations are ab initio fullpotential linear muffin-tin orbital calculations within the local-spin-density approximation of the density functional. The Ce 4 f electrons were treated as itinerant band electrons. Interestingly, the Ce 4 f partial density of states obtained from the band-structure calculations also agree well with the experimental spectra concerning both the 4 f peak position and the 4 f bandwidth, if the surface effects are properly taken into account. In addition, results, notably the partial spin magnetic moments, from the band-structure calculations are discussed in some detail and compared to experimental findings and earlier calculations.