Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO) 

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Cisco Systems Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $69.27
No. shares of common stock outstanding 3,959,998,180
US$ in millions
Common equity (market value)1 274,309
Add: Preferred stock, $0.001 par value; none issued and outstanding (per books)
Total equity 274,309
Add: Short-term debt (per books) 11,341
Add: Long-term debt, excluding current portion (per books) 19,621
Total equity and debt 305,271
Less: Cash and cash equivalents 7,508
Less: Investments 10,346
Enterprise value (EV) 287,417

Based on: 10-K (reporting date: 2024-07-27).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 69.27 × 3,959,998,180


Historical Enterprise Value (EV)

Cisco Systems Inc., EV calculation

Microsoft Excel
Jul 27, 2024 Jul 29, 2023 Jul 30, 2022 Jul 31, 2021 Jul 25, 2020 Jul 27, 2019
Share price1, 2 $49.13 $56.79 $45.37 $58.60 $40.95 $48.42
No. shares of common stock outstanding1 3,990,734,794 4,054,857,783 4,108,844,167 4,217,735,917 4,233,425,297 4,245,290,230
US$ in millions
Common equity (market value)3 196,065 230,275 186,418 247,159 173,359 205,557
Add: Preferred stock, $0.001 par value; none issued and outstanding (book value)
Total equity 196,065 230,275 186,418 247,159 173,359 205,557
Add: Short-term debt (book value) 11,341 1,733 1,099 2,508 3,005 10,191
Add: Long-term debt, excluding current portion (book value) 19,621 6,658 8,416 9,018 11,578 14,475
Total equity and debt 227,027 238,666 195,933 258,685 187,942 230,223
Less: Cash and cash equivalents 7,508 10,123 7,079 9,175 11,809 11,750
Less: Investments 10,346 16,023 12,188 15,343 17,610 21,663
Enterprise value (EV) 209,173 212,520 176,666 234,167 158,523 196,810

Based on: 10-K (reporting date: 2024-07-27), 10-K (reporting date: 2023-07-29), 10-K (reporting date: 2022-07-30), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-25), 10-K (reporting date: 2019-07-27).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Cisco Systems Inc. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 49.13 × 3,990,734,794


The financial data over the six-year period reveals fluctuations in key equity and enterprise value metrics.

Common Equity (Market Value) and Total Equity
Both metrics exhibit parallel trends, beginning at approximately $205.6 billion in mid-2019, declining to about $173.4 billion in 2020, followed by a significant increase to $247.2 billion in 2021. Subsequently, these values decreased to $186.4 billion in 2022, rose again to $230.3 billion in 2023, and fell once more to $196.1 billion in 2024. This pattern suggests volatility with notable peaks in 2021 and 2023, indicating periods of enhanced shareholder value, possibly due to market or operational factors.
Total Equity and Debt
This combined measure also shows variability aligned with equity trends but is generally higher, beginning at $230.2 billion in 2019 and dropping to $187.9 billion in 2020. A substantial rise occurred in 2021, reaching $258.7 billion, followed by declines and moderate rebounds over the subsequent years, ending at $227.0 billion in 2024. The changes imply adjustments in the company’s capital structure, with fluctuations possibly driven by debt financing or repayments alongside equity changes.
Enterprise Value (EV)
Enterprise value follows a similar cyclical trend but remains consistently lower than the combined equity and debt figure. Starting at $196.8 billion in 2019, it decreased to $158.5 billion in 2020, surged to $234.2 billion in 2021, then dropped to $176.7 billion in 2022, increased to $212.5 billion in 2023, and slightly declined to $209.2 billion in 2024. These movements suggest market adjustments in valuation, potentially reflecting changing investor perceptions, operational performance, or external economic conditions.