GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cisco Systems Inc (BUE:CSCO) » Definitions » Cyclically Adjusted Book per Share

Cisco Systems (BUE:CSCO) Cyclically Adjusted Book per Share : ARS2,768.81 (As of Apr. 2024)


View and export this data going back to . Start your Free Trial

What is Cisco Systems Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Cisco Systems's adjusted book value per share for the three months ended in Apr. 2024 was ARS48,461.111. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ARS2,768.81 for the trailing ten years ended in Apr. 2024.

During the past 12 months, Cisco Systems's average Cyclically Adjusted Book Growth Rate was 0.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Cisco Systems was 56.90% per year. The lowest was 2.80% per year. And the median was 10.25% per year.

As of today (2024-05-18), Cisco Systems's current stock price is ARS10658.00. Cisco Systems's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was ARS2,768.81. Cisco Systems's Cyclically Adjusted PB Ratio of today is 3.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cisco Systems was 5.32. The lowest was 2.64. And the median was 3.76.


Cisco Systems Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cisco Systems's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cisco Systems Cyclically Adjusted Book per Share Chart

Cisco Systems Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 101.13 282.18 425.14 724.66 1,389.57

Cisco Systems Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,147.93 1,389.57 2,162.84 3,146.48 2,768.81

Competitive Comparison of Cisco Systems's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Cisco Systems's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cisco Systems's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cisco Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cisco Systems's Cyclically Adjusted PB Ratio falls into.



Cisco Systems Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Cisco Systems's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book= Book Value per Share /CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=48461.111/131.7762*131.7762
=48,461.111

Current CPI (Apr. 2024) = 131.7762.

Cisco Systems Quarterly Data

Book Value per Share CPI Adj_Book
201407 452.611 100.520 593.347
201410 470.569 100.176 619.012
201501 488.207 98.604 652.452
201504 514.236 99.824 678.838
201507 539.295 100.691 705.788
201510 563.662 100.346 740.208
201601 832.578 99.957 1,097.607
201604 909.171 100.947 1,186.834
201607 950.028 101.524 1,233.124
201610 968.317 101.988 1,251.139
201701 1,015.693 102.456 1,306.352
201704 1,007.318 103.167 1,286.653
201707 1,181.421 103.278 1,507.421
201710 1,171.056 104.070 1,482.825
201801 1,023.705 104.578 1,289.950
201804 991.029 105.708 1,235.422
201807 1,352.115 106.324 1,675.789
201810 2,003.544 106.695 2,474.527
201901 1,734.178 106.200 2,151.821
201904 1,846.600 107.818 2,256.924
201907 1,677.326 108.250 2,041.863
201910 2,337.168 108.577 2,836.541
202001 2,507.670 108.841 3,036.100
202004 2,727.177 108.173 3,322.234
202007 3,155.227 109.318 3,803.452
202010 3,445.156 109.861 4,132.419
202101 3,896.344 110.364 4,652.282
202104 4,378.100 112.673 5,120.392
202107 4,686.381 115.183 5,361.503
202110 5,000.685 116.696 5,646.915
202201 4,884.906 118.619 5,426.725
202204 5,410.036 121.978 5,844.602
202207 6,067.560 125.002 6,396.378
202210 7,229.428 125.734 7,576.817
202301 8,955.591 126.223 9,349.594
202304 9,177.696 127.992 9,449.036
202307 14,000.757 128.974 14,304.916
202310 19,540.010 129.810 19,836.024
202401 46,162.494 130.124 46,748.481
202404 48,461.111 131.776 48,461.111

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Cisco Systems  (BUE:CSCO) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Cisco Systems's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10658.00/2768.81
=3.85

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cisco Systems was 5.32. The lowest was 2.64. And the median was 3.76.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Cisco Systems Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Cisco Systems's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Cisco Systems (BUE:CSCO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cisco Systems Inc (BUE:CSCO) » Definitions » Cyclically Adjusted Book per Share
Address
170 West Tasman Drive, San Jose, CA, USA, 95134-1706
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software like firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employees 80,000 employees and sells its products globally.