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Cisco Systems (Cisco Systems) Cyclically Adjusted PB Ratio : 3.82 (As of Apr. 27, 2024)


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What is Cisco Systems Cyclically Adjusted PB Ratio?

As of today (2024-04-27), Cisco Systems's current share price is $47.86. Cisco Systems's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was $12.54. Cisco Systems's Cyclically Adjusted PB Ratio for today is 3.82.

The historical rank and industry rank for Cisco Systems's Cyclically Adjusted PB Ratio or its related term are showing as below:

CSCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.64   Med: 3.76   Max: 5.32
Current: 3.82

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

CSCO's Cyclically Adjusted PB Ratio is ranked worse than
82.82% of 1833 companies
in the Hardware industry
Industry Median: 1.57 vs CSCO: 3.82

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 adjusted book value per share data for the three months ended in Jan. 2024 was $11.420. 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 $12.54 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cisco Systems Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cisco Systems's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Cisco Systems Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.97 4.19 4.70 3.61 4.12

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 PB Ratio 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 3.88 3.74 4.12 4.12 4.00

Competitive Comparison of Cisco Systems's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB 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 PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=47.86/12.54
=3.82

* 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 Book per Share for the quarter that ended in Jan. 2024 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=11.42/129.4194*129.4194
=11.420

Current CPI (Jan. 2024) = 129.4194.

Cisco Systems Quarterly Data

Book Value per Share CPI Adj_Book
201404 10.904 100.023 14.109
201407 11.093 100.520 14.282
201410 11.100 100.176 14.340
201501 11.302 98.604 14.834
201504 11.550 99.824 14.974
201507 11.740 100.691 15.090
201510 11.802 100.346 15.221
201601 12.049 99.957 15.600
201604 12.387 100.947 15.881
201607 12.644 101.524 16.118
201610 12.621 101.988 16.016
201701 12.744 102.456 16.098
201704 13.082 103.167 16.411
201707 13.273 103.278 16.633
201710 13.240 104.070 16.465
201801 10.432 104.578 12.910
201804 9.857 105.708 12.068
201807 9.364 106.324 11.398
201810 9.707 106.695 11.774
201901 9.220 106.200 11.236
201904 8.533 107.818 10.243
201907 7.899 108.250 9.444
201910 8.117 108.577 9.675
202001 8.378 108.841 9.962
202004 8.462 108.173 10.124
202007 8.950 109.318 10.596
202010 9.038 109.861 10.647
202101 9.268 110.364 10.868
202104 9.539 112.673 10.957
202107 9.788 115.183 10.998
202110 10.126 116.696 11.230
202201 9.515 118.619 10.381
202204 9.737 121.978 10.331
202207 9.677 125.002 10.019
202210 9.815 125.734 10.103
202301 10.128 126.223 10.384
202304 10.379 127.992 10.495
202307 10.908 128.974 10.946
202310 11.166 129.810 11.132
202401 11.420 129.419 11.420

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


Cisco Systems  (NAS:CSCO) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value 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 PB Ratio should give similar results to regular PB Ratio.


Cisco Systems Cyclically Adjusted PB Ratio Related Terms

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


Cisco Systems (Cisco Systems) 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.
Executives
Richard Scott Herren officer: EVP and CFO 851 WEST CYPRESS CREEK ROAD, FORT LAUDERDALE FL 33309
Maria Victoria Wong officer: SVP & Chief Acctg Officer C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Deborah L Stahlkopf officer: EVP and Chief Legal Officer C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Jeffery S. Sharritts officer: EVP & Chief Cust & Prtnr Offcr 1200 ABERNATHY RD., NE, STE 1200, ATLANTA GA 30328
Mark Garrett director 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Maria Martinez officer: EVP, Chief Customer Exp Offcr THE LANDMARK @ 1 MARKET STREET, SUITE 300, SAN FRANCISCO CA 94105
Charles Robbins officer: SVP, Worldwide Sales 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Daniel H Schulman director C/O PAYPAL HOLDINGS, INC., 2211 NORTH FIRST STREET, SAN JOSE CA 95131
Roderick C Mcgeary director 1421 MCCRTHY BLVD, MILPITAS CA 95035
Prat Bhatt officer: VP, Corporate Controller & PAO 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Kristina M Johnson director 19 HEATH PL, DURHAM NC 27705
Sarah Rae Murphy director C/O CISCO SYSTEMS, INC., 170 WEST TASMAN DRIVE, SAN JOSE CA 95134
Geraldine Elliott officer: EVP, Chief Sales & Mktg Offcr 1194 N. MATHILDA AVE., SUNNYVALE CA 94089
M Michele Burns director C/O MARSH &MCLENNAN COMPANIES, INC., 1166 AVENUE OF THE AMERICAS, NEW YORK NY 10036-2774
Mark D Chandler officer: SVP, LglSrvs, GenCnsl & Secty 170 W TASMAN DRIVE, SAN JOSE CA 95134