Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Current Valuation Ratios
Historical Valuation Ratios (Summary)
Price to Earnings (P/E)
Price to Operating Profit (P/OP)
Price to Sales (P/S)
Price to Book Value (P/BV)

Cisco Systems Inc., current price multiples

	Cisco Systems Inc.		Advanced Micro Devices Inc.	Analog Devices Inc.	Apple Inc.	Applied Materials Inc.	Broadcom Inc.	Intel Corp.	Lam Research Corp.	Micron Technology Inc.	NVIDIA Corp.	Qualcomm Inc.	Texas Instruments Inc.		Technology Hardware & Equipment		Technology
Selected Financial Data
Current share price (P)
No. shares of common stock outstanding
Growth rate (g)

Earnings per share (EPS)
Next year expected EPS
Operating profit per share
Sales per share
Book value per share (BVPS)
Valuation Ratios (Price Multiples)
Price to earnings (P/E)
Price to next year expected earnings
Price-earnings-growth (PEG)
Price to operating profit (P/OP)
Price to sales (P/S)
Price to book value (P/BV)

Based on: 10-K (filing date: 2020-09-03).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.

Cisco Systems Inc., historical price multiples

		Jul 25, 2020	Jul 27, 2019	Jul 28, 2018	Jul 29, 2017	Jul 30, 2016	Jul 25, 2015
	Price to earnings (P/E)
	Price to operating profit (P/OP)
	Price to sales (P/S)
	Price to book value (P/BV)

Based on: 10-K (filing date: 2020-09-03), 10-K (filing date: 2019-09-05), 10-K (filing date: 2018-09-06), 10-K (filing date: 2017-09-07), 10-K (filing date: 2016-09-08), 10-K (filing date: 2015-09-08).

Valuation ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Cisco Systems Inc.’s P/E ratio decreased from 2018 to 2019 and from 2019 to 2020.
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Cisco Systems Inc.’s P/OP ratio decreased from 2018 to 2019 and from 2019 to 2020.
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Cisco Systems Inc.’s P/S ratio decreased from 2018 to 2019 and from 2019 to 2020.
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return.	Cisco Systems Inc.’s P/BV ratio increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.

Cisco Systems Inc., historical P/E calculation, comparison to benchmarks

		Jul 25, 2020	Jul 27, 2019	Jul 28, 2018	Jul 29, 2017	Jul 30, 2016	Jul 25, 2015
	No. shares of common stock outstanding¹
	Selected Financial Data (US$)
	Net income (in millions)
	Earnings per share (EPS)²
	Share price^1, 3
	Valuation Ratio
	P/E ratio⁴
	Benchmarks
	P/E Ratio, Competitors⁵
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Intel Corp.
	Lam Research Corp.
	Micron Technology Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	P/E Ratio, Sector
	Technology Hardware & Equipment
	P/E Ratio, Industry
	Technology

Based on: 10-K (filing date: 2020-09-03), 10-K (filing date: 2019-09-05), 10-K (filing date: 2018-09-06), 10-K (filing date: 2017-09-07), 10-K (filing date: 2016-09-08), 10-K (filing date: 2015-09-08).

¹ Data adjusted for splits and stock dividends.

² 2020 Calculation
EPS = Net income ÷ No. shares of common stock outstanding
= ÷ =

³ Closing price as at the filing date of Cisco Systems Inc.’s Annual Report.

⁴ 2020 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Cisco Systems Inc.’s P/E ratio decreased from 2018 to 2019 and from 2019 to 2020.

Cisco Systems Inc., historical P/OP calculation, comparison to benchmarks

		Jul 25, 2020	Jul 27, 2019	Jul 28, 2018	Jul 29, 2017	Jul 30, 2016	Jul 25, 2015
	No. shares of common stock outstanding¹
	Selected Financial Data (US$)
	Operating income (in millions)
	Operating profit per share²
	Share price^1, 3
	Valuation Ratio
	P/OP ratio⁴
	Benchmarks
	P/OP Ratio, Competitors⁵
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Intel Corp.
	Lam Research Corp.
	Micron Technology Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	P/OP Ratio, Sector
	Technology Hardware & Equipment
	P/OP Ratio, Industry
	Technology

Based on: 10-K (filing date: 2020-09-03), 10-K (filing date: 2019-09-05), 10-K (filing date: 2018-09-06), 10-K (filing date: 2017-09-07), 10-K (filing date: 2016-09-08), 10-K (filing date: 2015-09-08).

¹ Data adjusted for splits and stock dividends.

² 2020 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= ÷ =

³ Closing price as at the filing date of Cisco Systems Inc.’s Annual Report.

⁴ 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Cisco Systems Inc.’s P/OP ratio decreased from 2018 to 2019 and from 2019 to 2020.

Cisco Systems Inc., historical P/S calculation, comparison to benchmarks

		Jul 25, 2020	Jul 27, 2019	Jul 28, 2018	Jul 29, 2017	Jul 30, 2016	Jul 25, 2015
	No. shares of common stock outstanding¹
	Selected Financial Data (US$)
	Revenue (in millions)
	Sales per share²
	Share price^1, 3
	Valuation Ratio
	P/S ratio⁴
	Benchmarks
	P/S Ratio, Competitors⁵
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Intel Corp.
	Lam Research Corp.
	Micron Technology Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	P/S Ratio, Sector
	Technology Hardware & Equipment
	P/S Ratio, Industry
	Technology

Based on: 10-K (filing date: 2020-09-03), 10-K (filing date: 2019-09-05), 10-K (filing date: 2018-09-06), 10-K (filing date: 2017-09-07), 10-K (filing date: 2016-09-08), 10-K (filing date: 2015-09-08).

¹ Data adjusted for splits and stock dividends.

² 2020 Calculation
Sales per share = Revenue ÷ No. shares of common stock outstanding
= ÷ =

³ Closing price as at the filing date of Cisco Systems Inc.’s Annual Report.

⁴ 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Cisco Systems Inc.’s P/S ratio decreased from 2018 to 2019 and from 2019 to 2020.

Cisco Systems Inc., historical P/BV calculation, comparison to benchmarks

		Jul 25, 2020	Jul 27, 2019	Jul 28, 2018	Jul 29, 2017	Jul 30, 2016	Jul 25, 2015
	No. shares of common stock outstanding¹
	Selected Financial Data (US$)
	Total Cisco shareholders’ equity (in millions)
	Book value per share (BVPS)²
	Share price^1, 3
	Valuation Ratio
	P/BV ratio⁴
	Benchmarks
	P/BV Ratio, Competitors⁵
	Advanced Micro Devices Inc.
	Analog Devices Inc.
	Apple Inc.
	Applied Materials Inc.
	Broadcom Inc.
	Intel Corp.
	Lam Research Corp.
	Micron Technology Inc.
	NVIDIA Corp.
	Qualcomm Inc.
	Texas Instruments Inc.
	P/BV Ratio, Sector
	Technology Hardware & Equipment
	P/BV Ratio, Industry
	Technology

Based on: 10-K (filing date: 2020-09-03), 10-K (filing date: 2019-09-05), 10-K (filing date: 2018-09-06), 10-K (filing date: 2017-09-07), 10-K (filing date: 2016-09-08), 10-K (filing date: 2015-09-08).

¹ Data adjusted for splits and stock dividends.

² 2020 Calculation
BVPS = Total Cisco shareholders’ equity ÷ No. shares of common stock outstanding
= ÷ =

³ Closing price as at the filing date of Cisco Systems Inc.’s Annual Report.

⁴ 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return.	Cisco Systems Inc.’s P/BV ratio increased from 2018 to 2019 but then decreased significantly from 2019 to 2020.

	Cisco Systems Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

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Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality

Cisco Systems Inc. (NASDAQ:CSCO)

Common Stock Valuation Ratios (Price Multiples)

Current Valuation Ratios

Historical Valuation Ratios (Summary)

Price to Earnings (P/E)

Price to Operating Profit (P/OP)

Price to Sales (P/S)

Price to Book Value (P/BV)