Stock Analysis on Net

Cisco Systems Inc. (NASDAQ:CSCO)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel LibreOffice Calc

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).


Historical Valuation Ratios (Summary)

Cisco Systems Inc., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
Price to earnings (P/E) 20.46 23.34 21.99 19.39 16.91 15.46 17.64 17.87 17.54 17.69 18.30 16.99 158.12 1,964.84 18.72 16.37 15.88 17.38 14.11 14.69
Price to operating profit (P/OP) 17.02 19.26 17.97 15.77 14.03 12.73 13.53 13.95 13.79 14.46 17.44 16.19 14.97 17.56 17.11 17.64 15.29 13.14 12.97 14.18 12.04 12.46
Price to sales (P/S) 4.59 4.96 4.60 4.09 3.68 3.52 3.76 3.83 3.71 3.96 4.71 4.30 3.98 4.38 4.22 4.41 3.79 3.28 3.27 3.52 3.07 3.20
Price to book value (P/BV) 5.46 5.99 5.59 5.02 4.64 4.57 5.33 5.56 5.60 6.12 6.57 5.36 4.56 5.00 4.40 4.08 2.76 2.38 2.43 2.68 2.37 2.48 2.30 2.18 2.32

Based on: 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

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. P/E ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.
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. P/OP ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.
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. P/S ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Cisco Systems Inc. P/BV ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.

Price to Earnings (P/E)

Cisco Systems Inc., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
No. shares of common stock outstanding1 4,217,606,555 4,217,735,917 4,214,204,641 4,221,785,547 4,225,514,401 4,233,425,297 4,222,296,202 4,240,880,161 4,242,262,570 4,245,290,230 4,280,733,008 4,402,027,716 4,495,961,730 4,571,334,136 4,702,882,494 4,817,517,410 4,943,622,124 4,951,955,851 5,000,054,399 5,007,856,247 5,019,758,934 5,014,353,833 5,029,711,978 5,032,121,234 5,076,079,317
Selected Financial Data (US$)
Net income (loss) (in millions) 2,980  3,009  2,863  2,545  2,174  2,636  2,774  2,878  2,926  2,206  3,044  2,822  3,549  3,803  2,691  (8,778) 2,394  2,424  2,515  2,348  2,322  2,813  2,349  3,147  2,430 
Earnings per share (EPS)2 2.70 2.51 2.42 2.40 2.48 2.65 2.55 2.61 2.59 2.74 3.09 2.92 0.28 0.02 -0.27 -0.30 1.96 1.94 2.00 1.96 2.12 2.14 0.00 0.00 0.00
Share price1, 3 55.30 58.60 53.31 46.51 41.88 40.95 45.06 46.59 45.47 48.42 56.52 49.65 44.49 47.28 43.65 44.06 36.65 31.76 31.76 34.13 29.89 31.47 28.47 26.43 27.37
Valuation Ratio
P/E ratio4 20.46 23.34 21.99 19.39 16.91 15.46 17.64 17.87 17.54 17.69 18.30 16.99 158.12 1,964.84 18.72 16.37 15.88 17.38 14.11 14.69
Benchmarks
P/E Ratio, Competitors5
Apple Inc. 25.96 27.61 29.19 36.00 32.24 31.11 21.90 24.67 20.00 17.29 16.94 13.11 16.07 17.34 16.28 16.12 18.32 17.40 16.77 14.94 13.49

Based on: 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Data adjusted for splits and stock dividends.

2 Q1 2022 Calculation
EPS = (Net income (loss)Q1 2022 + Net income (loss)Q4 2021 + Net income (loss)Q3 2021 + Net income (loss)Q2 2021) ÷ No. shares of common stock outstanding
= (2,980,000,000 + 3,009,000,000 + 2,863,000,000 + 2,545,000,000) ÷ 4,217,606,555 = 2.70

3 Closing price as at the filing date of Cisco Systems Inc. Quarterly or Annual Report.

4 Q1 2022 Calculation
P/E ratio = Share price ÷ EPS
= 55.30 ÷ 2.70 = 20.46

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. P/E ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.

Price to Operating Profit (P/OP)

Cisco Systems Inc., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
No. shares of common stock outstanding1 4,217,606,555 4,217,735,917 4,214,204,641 4,221,785,547 4,225,514,401 4,233,425,297 4,222,296,202 4,240,880,161 4,242,262,570 4,245,290,230 4,280,733,008 4,402,027,716 4,495,961,730 4,571,334,136 4,702,882,494 4,817,517,410 4,943,622,124 4,951,955,851 5,000,054,399 5,007,856,247 5,019,758,934 5,014,353,833 5,029,711,978 5,032,121,234 5,076,079,317
Selected Financial Data (US$)
Operating income (in millions) 3,438  3,575  3,465  3,223  2,570  3,247  3,414  3,380  3,579  3,690  3,513  3,211  3,805  3,346  3,134  3,073  2,756  3,034  3,169  2,893  2,877  3,303  2,984  3,294  3,079 
Operating profit per share2 3.25 3.04 2.97 2.95 2.98 3.22 3.33 3.34 3.30 3.35 3.24 3.07 2.97 2.69 2.55 2.50 2.40 2.42 2.45 2.41 2.48 2.52 0.00 0.00 0.00
Share price1, 3 55.30 58.60 53.31 46.51 41.88 40.95 45.06 46.59 45.47 48.42 56.52 49.65 44.49 47.28 43.65 44.06 36.65 31.76 31.76 34.13 29.89 31.47 28.47 26.43 27.37
Valuation Ratio
P/OP ratio4 17.02 19.26 17.97 15.77 14.03 12.73 13.53 13.95 13.79 14.46 17.44 16.19 14.97 17.56 17.11 17.64 15.29 13.14 12.97 14.18 12.04 12.46
Benchmarks
P/OP Ratio, Competitors5
Apple Inc. 22.56 23.98 25.06 31.00 27.92 27.07 19.10 21.45 17.29 14.94 14.79 11.46 13.49 14.33 13.14 12.67 14.44 13.53 12.93 11.41 10.27

Based on: 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Data adjusted for splits and stock dividends.

2 Q1 2022 Calculation
Operating profit per share = (Operating incomeQ1 2022 + Operating incomeQ4 2021 + Operating incomeQ3 2021 + Operating incomeQ2 2021) ÷ No. shares of common stock outstanding
= (3,438,000,000 + 3,575,000,000 + 3,465,000,000 + 3,223,000,000) ÷ 4,217,606,555 = 3.25

3 Closing price as at the filing date of Cisco Systems Inc. Quarterly or Annual Report.

4 Q1 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 55.30 ÷ 3.25 = 17.02

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. P/OP ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.

Price to Sales (P/S)

Cisco Systems Inc., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
No. shares of common stock outstanding1 4,217,606,555 4,217,735,917 4,214,204,641 4,221,785,547 4,225,514,401 4,233,425,297 4,222,296,202 4,240,880,161 4,242,262,570 4,245,290,230 4,280,733,008 4,402,027,716 4,495,961,730 4,571,334,136 4,702,882,494 4,817,517,410 4,943,622,124 4,951,955,851 5,000,054,399 5,007,856,247 5,019,758,934 5,014,353,833 5,029,711,978 5,032,121,234 5,076,079,317
Selected Financial Data (US$)
Revenue (in millions) 12,900  13,126  12,803  11,960  11,929  12,154  11,983  12,005  13,159  13,428  12,958  12,446  13,072  12,844  12,463  11,887  12,136  12,133  11,940  11,580  12,352  12,638  12,000  11,927  12,682 
Sales per share2 12.04 11.81 11.59 11.38 11.38 11.65 11.98 12.16 12.26 12.23 11.99 11.55 11.18 10.79 10.34 9.98 9.67 9.69 9.70 9.70 9.74 9.82 0.00 0.00 0.00
Share price1, 3 55.30 58.60 53.31 46.51 41.88 40.95 45.06 46.59 45.47 48.42 56.52 49.65 44.49 47.28 43.65 44.06 36.65 31.76 31.76 34.13 29.89 31.47 28.47 26.43 27.37
Valuation Ratio
P/S ratio4 4.59 4.96 4.60 4.09 3.68 3.52 3.76 3.83 3.71 3.96 4.71 4.30 3.98 4.38 4.22 4.41 3.79 3.28 3.27 3.52 3.07 3.20
Benchmarks
P/S Ratio, Competitors5
Apple Inc. 6.72 6.90 6.85 7.82 6.74 6.64 4.68 5.30 4.25 3.72 3.75 2.98 3.60 3.81 3.51 3.41 3.86 3.63 3.48 3.10 2.86

Based on: 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Data adjusted for splits and stock dividends.

2 Q1 2022 Calculation
Sales per share = (RevenueQ1 2022 + RevenueQ4 2021 + RevenueQ3 2021 + RevenueQ2 2021) ÷ No. shares of common stock outstanding
= (12,900,000,000 + 13,126,000,000 + 12,803,000,000 + 11,960,000,000) ÷ 4,217,606,555 = 12.04

3 Closing price as at the filing date of Cisco Systems Inc. Quarterly or Annual Report.

4 Q1 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 55.30 ÷ 12.04 = 4.59

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. P/S ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.

Price to Book Value (P/BV)

Cisco Systems Inc., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 23, 2021 Oct 24, 2020 Jul 25, 2020 Apr 25, 2020 Jan 25, 2020 Oct 26, 2019 Jul 27, 2019 Apr 27, 2019 Jan 26, 2019 Oct 27, 2018 Jul 28, 2018 Apr 28, 2018 Jan 27, 2018 Oct 28, 2017 Jul 29, 2017 Apr 29, 2017 Jan 28, 2017 Oct 29, 2016 Jul 30, 2016 Apr 30, 2016 Jan 23, 2016 Oct 24, 2015
No. shares of common stock outstanding1 4,217,606,555 4,217,735,917 4,214,204,641 4,221,785,547 4,225,514,401 4,233,425,297 4,222,296,202 4,240,880,161 4,242,262,570 4,245,290,230 4,280,733,008 4,402,027,716 4,495,961,730 4,571,334,136 4,702,882,494 4,817,517,410 4,943,622,124 4,951,955,851 5,000,054,399 5,007,856,247 5,019,758,934 5,014,353,833 5,029,711,978 5,032,121,234 5,076,079,317
Selected Financial Data (US$)
Total Cisco stockholders’ equity (in millions) 42,701  41,275  40,205  39,121  38,157  37,920  35,708  35,533  34,423  33,571  36,804  40,789  43,848  43,204  46,661  51,982  65,550  66,137  65,382  63,811  63,406  63,586  62,358  60,871  59,977 
Book value per share (BVPS)2 10.12 9.79 9.54 9.27 9.03 8.96 8.46 8.38 8.11 7.91 8.60 9.27 9.75 9.45 9.92 10.79 13.26 13.36 13.08 12.74 12.63 12.68 12.40 12.10 11.82
Share price1, 3 55.30 58.60 53.31 46.51 41.88 40.95 45.06 46.59 45.47 48.42 56.52 49.65 44.49 47.28 43.65 44.06 36.65 31.76 31.76 34.13 29.89 31.47 28.47 26.43 27.37
Valuation Ratio
P/BV ratio4 5.46 5.99 5.59 5.02 4.64 4.57 5.33 5.56 5.60 6.12 6.57 5.36 4.56 5.00 4.40 4.08 2.76 2.38 2.43 2.68 2.37 2.48 2.30 2.18 2.32
Benchmarks
P/BV Ratio, Competitors5
Apple Inc. 38.96 37.28 32.20 34.75 28.33 25.14 15.98 15.85 12.21 9.98 9.15 6.61 8.93 8.47 6.84 5.81 6.61 6.13 5.72 5.10 4.81 4.38 4.11 4.04

Based on: 10-Q (reporting date: 2021-10-30), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-23), 10-Q (reporting date: 2020-10-24), 10-K (reporting date: 2020-07-25), 10-Q (reporting date: 2020-04-25), 10-Q (reporting date: 2020-01-25), 10-Q (reporting date: 2019-10-26), 10-K (reporting date: 2019-07-27), 10-Q (reporting date: 2019-04-27), 10-Q (reporting date: 2019-01-26), 10-Q (reporting date: 2018-10-27), 10-K (reporting date: 2018-07-28), 10-Q (reporting date: 2018-04-28), 10-Q (reporting date: 2018-01-27), 10-Q (reporting date: 2017-10-28), 10-K (reporting date: 2017-07-29), 10-Q (reporting date: 2017-04-29), 10-Q (reporting date: 2017-01-28), 10-Q (reporting date: 2016-10-29), 10-K (reporting date: 2016-07-30), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-23), 10-Q (reporting date: 2015-10-24).

1 Data adjusted for splits and stock dividends.

2 Q1 2022 Calculation
BVPS = Total Cisco stockholders’ equity ÷ No. shares of common stock outstanding
= 42,701,000,000 ÷ 4,217,606,555 = 10.12

3 Closing price as at the filing date of Cisco Systems Inc. Quarterly or Annual Report.

4 Q1 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 55.30 ÷ 10.12 = 5.46

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 required rate of return and its actual rate of return. Cisco Systems Inc. P/BV ratio increased from Q3 2021 to Q4 2021 but then decreased significantly from Q4 2021 to Q1 2022.