Cisco Systems, Inc. (CSCO) Financial Ratios
30 years of historical data (1996–2025) · Technology · Communication Equipment
EV/EBITDA
↑
26.92
↑+77% vs avg
5yr avg: 15.21
30Y Low7.3·High62.9
P/FCF
↑
28.10
↑+71% vs avg
5yr avg: 16.39
30Y Low8.3·High105.6
P/B Ratio
↑
8.05
↑+58% vs avg
5yr avg: 5.09
30Y Low1.7·High18.5
ROE
↓
22.1%
-16% vs avg
5yr avg: 26.2%
30Y Low-4%·High41%
Debt/EBITDA
↑
2.03
↑+64% vs avg
5yr avg: 1.23
30Y Low0.5·High2.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CSCO Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cisco Systems, Inc. trades at 37.0x earnings, 83% above its 5-year average of 20.2x, sitting at the 75th percentile of its historical range. Compared to the Technology sector median P/E of 26.7x, the stock trades at a premium of 38%. On a free-cash-flow basis, the stock trades at 28.1x P/FCF, 71% above the 5-year average of 16.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $373.4B | $274.6B | $196.8B | $213.6B | $190.2B | $234.5B | $200.4B | $246.7B | $206.4B | $158.8B | $155.3B |
| Enterprise Value | $393.6B | $294.8B | $220.0B | $211.9B | $193.7B | $236.9B | $203.1B | $259.6B | $223.1B | $180.8B | $176.3B |
| P/E Ratio → | 36.98 | 26.94 | 19.07 | 16.95 | 16.09 | 22.15 | 17.84 | 21.23 | 1879.56 | 16.55 | 14.47 |
| P/S Ratio | 6.59 | 4.85 | 3.66 | 3.75 | 3.69 | 4.71 | 4.06 | 4.75 | 4.18 | 3.31 | 3.15 |
| P/B Ratio | 8.05 | 5.86 | 4.33 | 4.82 | 4.78 | 5.68 | 5.28 | 7.35 | 4.78 | 2.40 | 2.44 |
| P/FCF | 28.10 | 20.67 | 19.28 | 11.22 | 14.92 | 15.89 | 13.67 | 16.53 | 16.09 | 12.30 | 12.50 |
| P/OCF | 26.31 | 19.35 | 18.09 | 10.74 | 14.38 | 15.18 | 12.99 | 15.58 | 15.10 | 11.44 | 11.45 |
P/E links to full P/E history page with 30-year chart
CSCO EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Cisco Systems, Inc.'s enterprise value stands at 26.9x EBITDA, 77% above its 5-year average of 15.2x. The Technology sector median is 17.5x, placing the stock at a 54% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.20 | 4.09 | 3.72 | 3.76 | 4.76 | 4.12 | 5.00 | 4.52 | 3.77 | 3.58 |
| EV / EBITDA | 26.92 | 20.16 | 14.98 | 12.64 | 12.16 | 16.12 | 13.17 | 16.11 | 15.38 | 12.72 | 11.97 |
| EV / EBIT | 33.47 | 23.55 | 16.62 | 13.46 | 13.05 | 17.30 | 13.96 | 16.83 | 15.95 | 13.76 | 12.96 |
| EV / FCF | — | 22.18 | 21.55 | 11.13 | 15.19 | 16.05 | 13.86 | 17.40 | 17.38 | 14.00 | 14.19 |
CSCO Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cisco Systems, Inc. earns an operating margin of 20.8%. Operating margins have compressed from 26.4% to 20.8% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 22.1% indicates solid capital efficiency. ROIC of 13.0% represents solid returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.9% | 64.9% | 64.7% | 62.7% | 62.5% | 64.0% | 64.3% | 62.9% | 62.0% | 63.0% | 62.9% |
| Operating Margin | 20.8% | 20.8% | 22.6% | 26.4% | 27.1% | 25.8% | 27.6% | 27.4% | 25.0% | 24.9% | 25.7% |
| Net Profit Margin | 18.0% | 18.0% | 19.2% | 22.1% | 22.9% | 21.3% | 22.7% | 22.4% | 0.2% | 20.0% | 21.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 22.1% | 22.1% | 23.0% | 30.0% | 29.1% | 26.7% | 31.4% | 30.3% | 0.2% | 14.8% | 17.4% |
| ROA | 8.3% | 8.3% | 9.1% | 12.9% | 12.3% | 11.0% | 11.6% | 11.3% | 0.1% | 7.6% | 9.1% |
| ROIC | 13.0% | 13.0% | 16.4% | 26.3% | 24.1% | 22.8% | 23.4% | 20.1% | 12.5% | 10.4% | 11.7% |
| ROCE | 13.7% | 13.7% | 15.8% | 21.6% | 20.0% | 18.2% | 20.1% | 19.2% | 13.4% | 12.0% | 13.6% |
CSCO Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Cisco Systems, Inc. carries a Debt/EBITDA ratio of 2.0x, which is manageable (30% below the sector average of 2.9x). Net debt stands at $20.2B ($29.6B total debt minus $9.5B cash). Interest coverage of 7.4x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.63 | 0.63 | 0.71 | 0.19 | 0.27 | 0.28 | 0.38 | 0.73 | 0.59 | 0.51 | 0.45 |
| Debt / EBITDA | 2.03 | 2.03 | 2.19 | 0.50 | 0.66 | 0.78 | 0.95 | 1.53 | 1.76 | 2.37 | 1.94 |
| Net Debt / Equity | — | 0.43 | 0.51 | -0.04 | 0.09 | 0.06 | 0.07 | 0.38 | 0.39 | 0.33 | 0.33 |
| Net Debt / EBITDA | 1.38 | 1.38 | 1.58 | -0.10 | 0.22 | 0.16 | 0.18 | 0.80 | 1.15 | 1.55 | 1.43 |
| Debt / FCF | — | 1.52 | 2.27 | -0.09 | 0.27 | 0.16 | 0.19 | 0.87 | 1.30 | 1.70 | 1.69 |
| Interest Coverage | 7.38 | 7.38 | 12.11 | 35.20 | 38.80 | 29.57 | 23.28 | 16.55 | 13.05 | 13.91 | 18.73 |
CSCO Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 1.00x is below 1.0, meaning current liabilities exceed current assets — though the company's $9.5B cash position helps mitigate short-term liquidity concerns. The current ratio has declined from 1.38x to 1.00x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.00 | 1.00 | 0.91 | 1.38 | 1.43 | 1.49 | 1.72 | 1.51 | 2.29 | 3.03 | 3.16 |
| Quick Ratio | 0.91 | 0.91 | 0.83 | 1.27 | 1.33 | 1.43 | 1.67 | 1.46 | 2.22 | 2.98 | 3.11 |
| Cash Ratio | 0.49 | 0.49 | 0.48 | 0.84 | 0.75 | 0.93 | 1.16 | 1.05 | 1.72 | 2.56 | 2.64 |
| Asset Turnover | — | 0.46 | 0.43 | 0.56 | 0.55 | 0.51 | 0.52 | 0.53 | 0.45 | 0.37 | 0.40 |
| Inventory Turnover | 6.28 | 6.28 | 5.63 | 5.83 | 7.52 | 11.50 | 13.74 | 13.91 | 10.14 | 11.00 | 15.03 |
| Days Sales Outstanding | — | 73.85 | 68.00 | 58.95 | 74.53 | 74.34 | 77.91 | 74.44 | 77.71 | 76.05 | 75.00 |
CSCO Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cisco Systems, Inc. returns 3.6% to shareholders annually — split between a 1.7% dividend yield and 1.9% buyback yield. A payout ratio of 63.2% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 2.7% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.7% | 2.3% | 3.2% | 2.9% | 3.3% | 2.6% | 3.0% | 2.4% | 2.9% | 3.5% | 3.1% |
| Payout Ratio | 63.2% | 63.2% | 61.9% | 50.0% | 52.7% | 58.2% | 53.6% | 51.4% | 5425.5% | 57.4% | 44.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.7% | 3.7% | 5.2% | 5.9% | 6.2% | 4.5% | 5.6% | 4.7% | 0.1% | 6.0% | 6.9% |
| FCF Yield | 3.6% | 4.8% | 5.2% | 8.9% | 6.7% | 6.3% | 7.3% | 6.0% | 6.2% | 8.1% | 8.0% |
| Buyback Yield | 1.9% | 2.6% | 3.4% | 2.3% | 4.4% | 1.5% | 1.7% | 8.7% | 8.8% | 2.7% | 2.9% |
| Total Shareholder Yield | 3.6% | 5.0% | 6.7% | 5.2% | 7.7% | 4.1% | 4.7% | 11.2% | 11.7% | 6.2% | 5.9% |
| Shares Outstanding | — | $4.0B | $4.1B | $4.1B | $4.2B | $4.2B | $4.3B | $4.5B | $4.9B | $5.0B | $5.1B |
Peer Comparison
Compare CSCO with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CSCOYou | $373B | 37.0 | 26.9 | 28.1 | 64.9% | 20.8% | 22.1% | 13.0% | 2.0 |
 HPE | $40B | -673.5 | 12.9 | 63.7 | 28.8% | 4.8% | 0.2% | 3.5% | 5.1 |
 ANET | $214B | 61.9 | 54.1 | 50.4 | 64.1% | 42.8% | 31.4% | 32.8% | — |
 NTGR | $701M | -22.5 | — | — | 36.2% | -5.1% | -6.3% | -8.4% | — |
 EXTR | $3B | -420.4 | 87.8 | 25.0 | 62.2% | 1.5% | -16.4% | 14.4% | 6.2 |
 CIEN | $77B | 640.9 | 171.9 | 115.8 | 41.5% | 6.5% | 4.4% | 6.9% | 3.5 |
 FFIV | $19B | 28.8 | 21.4 | 21.2 | 81.4% | 24.8% | 20.6% | 21.8% | 0.6 |
 FTNT | $67B | 37.0 | 29.3 | 30.0 | 80.8% | 30.6% | 135.7% | — | 0.4 |
 PANW | $129B | 115.0 | 80.3 | 37.3 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
 CHKP | $12B | 12.2 | 13.5 | 10.2 | 85.4% | 30.5% | 37.3% | 23.2% | 2.1 |
 ZBRA | $11B | 27.9 | 14.1 | 13.5 | 45.9% | 14.8% | 11.7% | 10.6% | 2.9 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full CSCO Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Should I Buy CSCO Right Now?
Bull case, key risks, Wall St analyst verdict, and what council investors are saying — updated daily.
See CSCO's True Return
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DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CSCO vs HPE
Side-by-side business, growth, and profitability comparison vs Hewlett Packard Enterprise Company.
Start ComparisonCSCO — Frequently Asked Questions
Quick answers to the most common questions about buying CSCO stock.
What is Cisco Systems, Inc.'s P/E ratio?
Cisco Systems, Inc.'s current P/E ratio is 37.0x. The historical average is 33.9x. This places it at the 75th percentile of its historical range.
What is Cisco Systems, Inc.'s EV/EBITDA?
Cisco Systems, Inc.'s current EV/EBITDA is 26.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 17.9x.
What is Cisco Systems, Inc.'s ROE?
Cisco Systems, Inc.'s return on equity (ROE) is 22.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 19.9%.
Is CSCO stock overvalued?
Based on historical data, Cisco Systems, Inc. is trading at a P/E of 37.0x. This is at the 75th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Cisco Systems, Inc.'s dividend yield?
Cisco Systems, Inc.'s current dividend yield is 1.71% with a payout ratio of 63.2%.
What are Cisco Systems, Inc.'s profit margins?
Cisco Systems, Inc. has 64.9% gross margin and 20.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Cisco Systems, Inc. have?
Cisco Systems, Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.