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Cisco Systems (NEOE:CSCO) Cyclically Adjusted PB Ratio : 3.67 (As of May. 24, 2024)


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What is Cisco Systems Cyclically Adjusted PB Ratio?

As of today (2024-05-24), Cisco Systems's current share price is C$23.42. Cisco Systems's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was C$6.39. Cisco Systems's Cyclically Adjusted PB Ratio for today is 3.67.

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

NEOE:CSCO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.64   Med: 3.76   Max: 5.32
Current: 3.67

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.

NEOE:CSCO's Cyclically Adjusted PB Ratio is ranked worse than
79.39% of 1868 companies
in the Hardware industry
Industry Median: 1.66 vs NEOE:CSCO: 3.67

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 Apr. 2024 was C$15.525. 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 C$6.39 for the trailing ten years ended in Apr. 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
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
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 3.74 4.12 4.12 3.98 3.70

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
=23.42/6.39
=3.67

* 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 Apr. 2024 is calculated as:

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)
=15.525/131.7762*131.7762
=15.525

Current CPI (Apr. 2024) = 131.7762.

Cisco Systems Quarterly Data

Book Value per Share CPI Adj_Book
201407 11.913 100.520 15.617
201410 12.445 100.176 16.371
201501 13.700 98.604 18.309
201504 14.249 99.824 18.810
201507 15.101 100.691 19.763
201510 15.427 100.346 20.259
201601 17.119 99.957 22.568
201604 15.878 100.947 20.727
201607 16.503 101.524 21.421
201610 16.724 101.988 21.609
201701 16.801 102.456 21.609
201704 17.578 103.167 22.452
201707 16.843 103.278 21.491
201710 16.691 104.070 21.135
201801 12.966 104.578 16.338
201804 12.549 105.708 15.644
201807 12.297 106.324 15.241
201810 12.623 106.695 15.590
201901 12.263 106.200 15.216
201904 11.416 107.818 13.953
201907 10.352 108.250 12.602
201910 10.705 108.577 12.992
202001 10.967 108.841 13.278
202004 11.887 108.173 14.481
202007 12.079 109.318 14.561
202010 11.946 109.861 14.329
202101 11.794 110.364 14.082
202104 11.917 112.673 13.937
202107 12.264 115.183 14.031
202110 12.591 116.696 14.218
202201 12.010 118.619 13.342
202204 12.296 121.978 13.284
202207 12.518 125.002 13.196
202210 13.436 125.734 14.082
202301 13.594 126.223 14.192
202304 13.995 127.992 14.409
202307 14.411 128.974 14.724
202310 15.310 129.810 15.542
202401 15.329 130.124 15.524
202404 15.525 131.776 15.525

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  (NEOE: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 (NEOE:CSCO) 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.