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Cisco Systems (FRA:CIS) Cyclically Adjusted Price-to-FCF : 13.66 (As of May. 13, 2024)


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What is Cisco Systems Cyclically Adjusted Price-to-FCF?

As of today (2024-05-13), Cisco Systems's current share price is €44.26. Cisco Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 was €3.24. Cisco Systems's Cyclically Adjusted Price-to-FCF for today is 13.66.

The historical rank and industry rank for Cisco Systems's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:CIS' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 11.92   Med: 15.53   Max: 24.74
Current: 13.81

During the past years, Cisco Systems's highest Cyclically Adjusted Price-to-FCF was 24.74. The lowest was 11.92. And the median was 15.53.

FRA:CIS's Cyclically Adjusted Price-to-FCF is ranked better than
78.13% of 965 companies
in the Hardware industry
Industry Median: 29.63 vs FRA:CIS: 13.81

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cisco Systems's adjusted free cash flow per share data for the three months ended in Jan. 2024 was €0.144. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €3.24 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cisco Systems Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cisco Systems's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Cisco Systems Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.77 18.00 18.97 14.03 14.79

Cisco Systems Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted Price-to-FCF 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 14.57 13.74 14.79 14.73 14.42

Competitive Comparison of Cisco Systems's Cyclically Adjusted Price-to-FCF

For the Communication Equipment subindustry, Cisco Systems's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cisco Systems's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cisco Systems's Cyclically Adjusted Price-to-FCF falls into.



Cisco Systems Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cisco Systems's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=44.26/3.24
=13.66

* 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.

Cisco Systems's Cyclically Adjusted FCF per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Cisco Systems's adjusted Free Cash Flow per Share data for the three months ended in Jan. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=0.144/129.4194*129.4194
=0.144

Current CPI (Jan. 2024) = 129.4194.

Cisco Systems Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201404 0.395 100.023 0.511
201407 0.468 100.520 0.603
201410 0.338 100.176 0.437
201501 0.437 98.604 0.574
201504 0.482 99.824 0.625
201507 0.678 100.691 0.871
201510 0.436 100.346 0.562
201601 0.652 99.957 0.844
201604 0.480 100.947 0.615
201607 0.634 101.524 0.808
201610 0.440 101.988 0.558
201701 0.657 102.456 0.830
201704 0.581 103.167 0.729
201707 0.654 103.278 0.820
201710 0.496 104.070 0.617
201801 0.643 104.578 0.796
201804 0.366 105.708 0.448
201807 0.686 106.324 0.835
201810 0.670 106.695 0.813
201901 0.688 106.200 0.838
201904 0.827 107.818 0.993
201907 0.777 108.250 0.929
201910 0.716 108.577 0.853
202001 0.764 108.841 0.908
202004 0.882 108.173 1.055
202007 0.737 109.318 0.873
202010 0.786 109.861 0.926
202101 0.540 110.364 0.633
202104 0.731 112.673 0.840
202107 0.868 115.183 0.975
202110 0.671 116.696 0.744
202201 0.494 118.619 0.539
202204 0.789 121.978 0.837
202207 0.837 125.002 0.867
202210 0.934 125.734 0.961
202301 1.030 126.223 1.056
202304 1.098 127.992 1.110
202307 1.268 128.974 1.272
202310 0.518 129.810 0.516
202401 0.144 129.419 0.144

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


Cisco Systems  (FRA:CIS) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cisco Systems Cyclically Adjusted Price-to-FCF Related Terms

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


Cisco Systems (FRA:CIS) Business Description

Industry
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.

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