Cisco Systems, Inc. (CSCO) P/E Ratio History
ExpensiveTrading at 32.9x vs 5Y avg 21.4x · 95th percentile · Material premium to history · Data 1990–2026
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P/E Ratio Analysis
As of September 3, 2026, Cisco Systems, Inc. (CSCO) trades at a price-to-earnings ratio of 32.9x, with a stock price of $109.45 and trailing twelve-month earnings per share of $3.33.
The current P/E is 54% above its 5-year average of 21.4x. Over the past five years, CSCO's P/E has ranged from a low of 15.6x to a high of 34.3x, placing the current valuation at the 95th percentile of its historical range.
Compared to the Technology sector median P/E of 29.8x, CSCO is roughly in line with its sector peers. The sector includes 367 companies with P/E ratios ranging from 0.0x to 192.5x.
The PEG ratio of 5.57 (P/E divided by 31% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, CSCO commands a significant premium over the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CSCO DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
CSCO Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
CSCO P/E vs Peers
Enterprise Networking and Wi-Fi peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $234B | 67.7 | 1.67 | +23% | |
| $3B | 169.3 | 3.16 | +330%Best | |
| $50B | 416.7 | - | +47% | |
| $22B | 33.1 | 1.77 | +24% | |
| $113B | 63.6 | 1.92 | +8% | |
| $224B | 205.2 | - | -56% | |
| $14B | 13.9Lowest | 1.39Best | +29% | |
| $17B | 42.9 | - | -20% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
CSCO Historical P/E Data (1990–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q4 | Jul 25 2026 | $114.17 | $3.33 | 34.3x | -6% |
| FY2026 Q3 | Apr 25 2026 | $89.01 | $3.00 | 29.7x | -18% |
| FY2026 Q2 | Jan 24 2026 | $74.59 | $2.77 | 26.9x | -26% |
| FY2026 Q1 | Oct 25 2025 | $70.63 | $2.59 | 27.3x | -25% |
| FY2025 Q4 | Jul 26 2025 | $68.69 | $2.55 | 26.9x | -26% |
| FY2025 Q3 | Apr 26 2025 | $56.71 | $2.45 | 23.1x | -36% |
| FY2025 Q2 | Jan 25 2025 | $62.23 | $2.29 | 27.2x | -25% |
| FY2025 Q1 | Oct 26 2024 | $55.74 | $2.33 | 23.9x | -34% |
| FY2024 Q4 | Jul 27 2024 | $47.88 | $2.54 | 18.9x | -48% |
| FY2024 Q3 | Apr 27 2024 | $47.86 | $2.97 | 16.1x | -56% |
| FY2024 Q2 | Jan 27 2024 | $52.14 | $3.29 | 15.8x | -56% |
| FY2024 Q1 | Oct 28 2023 | $51.56 | $3.31 | 15.6x | -57% |
| FY2023 Q4 | Jul 31 2023 | $52.04 | $3.07 | 17.0x | -53% |
| FY2023 Q3 | Apr 29 2023 | $47.25 | $2.78 | 17.0x | -53% |
| FY2023 Q2 | Jan 28 2023 | $48.51 | $2.73 | 17.8x | -51% |
| FY2023 Q1 | Oct 29 2022 | $45.64 | $2.77 | 16.5x | -55% |
| FY2022 Q4 | Jul 31 2022 | $45.37 | $2.82 | 16.1x | -56% |
| FY2022 Q3 | Apr 30 2022 | $48.98 | $2.85 | 17.2x | -53% |
| FY2022 Q2 | Jan 29 2022 | $55.61 | $2.80 | 19.9x | -45% |
| FY2022 Q1 | Oct 30 2021 | $55.97 | $2.69 | 20.8x | -43% |
| FY2021 Q4 | Jul 31 2021 | $55.37 | $2.50 | 22.1x | -39% |
| FY2021 Q3 | May 01 2021 | $50.91 | $2.41 | 21.1x | -42% |
| FY2021 Q2 | Jan 23 2021 | $44.77 | $2.38 | 18.8x | -48% |
| FY2021 Q1 | Oct 24 2020 | $38.82 | $2.46 | 15.8x | -57% |
| FY2020 Q4 | Jul 31 2020 | $47.10 | $2.63 | 17.9x | -51% |
| FY2020 Q3 | Apr 25 2020 | $42.52 | $2.52 | 16.9x | -54% |
| FY2020 Q2 | Jan 25 2020 | $48.85 | $2.56 | 19.1x | -48% |
| FY2020 Q1 | Oct 26 2019 | $46.90 | $2.51 | 18.7x | -49% |
| FY2019 Q4 | Jul 31 2019 | $55.40 | $2.60 | 21.3x | -41% |
| FY2019 Q3 | Apr 27 2019 | $55.88 | $2.90 | 19.3x | -47% |
| FY2019 Q2 | Jan 26 2019 | $46.13 | $2.77 | 16.7x | -54% |
| FY2019 Q1 | Oct 27 2018 | $44.25 | $0.36 | 122.9x | +238% |
| FY2018 Q4 | - | $42.29 | $0.07 | 604.1x | +1561% |
| FY2018 Q1 | Oct 28 2017 | $34.43 | $1.93 | 17.8x | -51% |
| FY2017 Q4 | Jul 31 2017 | $31.45 | $1.91 | 16.5x | -55% |
| FY2017 Q3 | Apr 29 2017 | $34.07 | $1.99 | 17.1x | -53% |
| FY2017 Q2 | Jan 28 2017 | $30.98 | $1.95 | 15.9x | -56% |
| FY2017 Q1 | Oct 29 2016 | $30.59 | $2.10 | 14.6x | -60% |
| FY2016 Q4 | Jul 31 2016 | $30.53 | $2.12 | 14.4x | -60% |
| FY2016 Q3 | Apr 30 2016 | $27.49 | $2.01 | 13.7x | -62% |
| FY2016 Q2 | Jan 23 2016 | $23.37 | $2.02 | 11.6x | -68% |
| FY2016 Q1 | Oct 24 2015 | $29.35 | $1.86 | 15.8x | -57% |
| FY2015 Q4 | Jul 31 2015 | $28.42 | $1.73 | 16.4x | -55% |
| FY2015 Q3 | Apr 25 2015 | $28.82 | $1.71 | 16.9x | -54% |
| FY2015 Q2 | Jan 24 2015 | $28.21 | $1.66 | 17.0x | -53% |
| FY2015 Q1 | Oct 25 2014 | $23.78 | $1.47 | 16.2x | -56% |
| FY2014 Q4 | - | $25.23 | $1.49 | 16.9x | -53% |
| FY2014 Q3 | Apr 26 2014 | $23.00 | $1.48 | 15.5x | -57% |
| FY2014 Q2 | Jan 25 2014 | $22.20 | $1.52 | 14.6x | -60% |
| FY2014 Q1 | Oct 26 2013 | $22.46 | $1.84 | 12.2x | -66% |
| FY2013 Q4 | Jul 31 2013 | $25.59 | $1.86 | 13.8x | -62% |
| FY2013 Q3 | Apr 27 2013 | $20.67 | $1.80 | 11.5x | -68% |
| FY2013 Q2 | Jan 26 2013 | $21.15 | $1.74 | 12.2x | -67% |
| FY2013 Q1 | Oct 27 2012 | $17.29 | $1.55 | 11.2x | -69% |
| FY2012 Q4 | - | $15.95 | $1.49 | 10.7x | -71% |
| FY2012 Q3 | Apr 28 2012 | $19.98 | $1.35 | 14.8x | -59% |
| FY2012 Q2 | Jan 28 2012 | $19.56 | $1.28 | 15.3x | -58% |
| FY2012 Q1 | Oct 29 2011 | $18.56 | $1.15 | 16.1x | -56% |
| FY2011 Q4 | Jul 31 2011 | $15.97 | $1.16 | 13.8x | -62% |
| FY2011 Q3 | Apr 30 2011 | $17.52 | $1.27 | 13.8x | -62% |
| FY2011 Q2 | Jan 29 2011 | $20.93 | $1.31 | 16.0x | -56% |
| FY2011 Q1 | Oct 30 2010 | $22.86 | $1.36 | 16.8x | -54% |
| FY2010 Q4 | Jul 31 2010 | $23.07 | $1.32 | 17.5x | -52% |
| FY2010 Q3 | May 01 2010 | $26.93 | $1.18 | 22.8x | -37% |
| FY2010 Q2 | Jan 23 2010 | $22.97 | $1.04 | 22.1x | -39% |
| FY2010 Q1 | Oct 24 2009 | $24.17 | $0.98 | 24.7x | -32% |
| FY2009 Q4 | Jul 31 2009 | $22.01 | $1.05 | 21.0x | -42% |
| FY2009 Q3 | Apr 25 2009 | $18.42 | $1.20 | 15.3x | -58% |
| FY2009 Q2 | Jan 24 2009 | $15.89 | $1.26 | 12.6x | -65% |
| FY2009 Q1 | Oct 25 2008 | $16.31 | $1.33 | 12.3x | -66% |
| FY2008 Q4 | - | $21.99 | $1.31 | 16.8x | -54% |
| FY2008 Q3 | Apr 26 2008 | $25.60 | $1.28 | 20.0x | -45% |
| FY2008 Q2 | Jan 26 2008 | $24.20 | $1.29 | 18.8x | -48% |
| FY2008 Q1 | Oct 27 2007 | $31.90 | $1.27 | 25.1x | -31% |
| FY2007 Q4 | - | $28.91 | $1.18 | 24.5x | -33% |
| FY2007 Q3 | Apr 28 2007 | $27.03 | $1.12 | 24.1x | -34% |
| FY2007 Q2 | Jan 27 2007 | $26.35 | $1.04 | 25.3x | -30% |
| FY2007 Q1 | Oct 28 2006 | $23.72 | $0.95 | 25.0x | -31% |
| FY2006 Q4 | Jul 31 2006 | $17.88 | $0.89 | 20.1x | -45% |
| FY2006 Q3 | Apr 29 2006 | $20.95 | $0.88 | 23.8x | -35% |
| FY2006 Q2 | Jan 28 2006 | $18.78 | $0.87 | 21.6x | -41% |
| FY2006 Q1 | Oct 29 2005 | $17.14 | $0.86 | 19.9x | -45% |
| FY2005 Q4 | Jul 31 2005 | $19.15 | $0.87 | 22.0x | -39% |
| FY2005 Q3 | Apr 30 2005 | $17.27 | $0.82 | 21.1x | -42% |
| FY2005 Q2 | Jan 29 2005 | $17.90 | $0.78 | 22.9x | -37% |
| FY2005 Q1 | Oct 30 2004 | $19.21 | $0.67 | 28.7x | -21% |
| FY2004 Q4 | Jul 31 2004 | $20.92 | $0.61 | 34.3x | -6% |
| FY2004 Q3 | May 01 2004 | $20.91 | $0.56 | 37.3x | +3% |
| FY2004 Q2 | Jan 24 2004 | $27.33 | $0.53 | 51.6x | +42% |
| FY2004 Q1 | Oct 25 2003 | $19.80 | $0.57 | 34.7x | -5% |
| FY2003 Q4 | - | $19.49 | $0.50 | 39.0x | +7% |
| FY2003 Q3 | Apr 26 2003 | $14.34 | $0.46 | 31.2x | -14% |
| FY2003 Q2 | Jan 25 2003 | $13.86 | $0.42 | 33.0x | -9% |
| FY2003 Q1 | Oct 26 2002 | $11.78 | $0.37 | 31.8x | -12% |
| FY2002 Q4 | Jul 31 2002 | $13.19 | $0.25 | 52.1x | +43% |
| FY2002 Q3 | Apr 27 2002 | $13.91 | $0.15 | 90.1x | +148% |
| FY2001 Q2 | Jan 27 2001 | $38.38 | $0.42 | 91.4x | +151% |
| FY2001 Q1 | Oct 28 2000 | $50.69 | $0.41 | 123.6x | +240% |
| FY2000 Q4 | Jul 31 2000 | $65.44 | $0.36 | 181.8x | +400% |
| FY2000 Q3 | Apr 29 2000 | $69.33 | $0.33 | 210.1x | +478% |
| FY2000 Q2 | Jan 29 2000 | $51.94 | $0.34 | 152.8x | +320% |
| FY2000 Q1 | Oct 30 1999 | $37.00 | $0.27 | 137.0x | +277% |
| FY1999 Q4 | Jul 31 1999 | $31.06 | $0.28 | 109.0x | +200% |
| FY1999 Q3 | May 01 1999 | $28.52 | $0.27 | 105.6x | +190% |
| FY1999 Q2 | Jan 23 1999 | $25.70 | $0.19 | 135.3x | +272% |
| FY1999 Q1 | Oct 24 1998 | $14.67 | $0.22 | 65.9x | +81% |
| FY1998 Q4 | Jul 31 1998 | $15.96 | $0.20 | 79.8x | +119% |
| FY1998 Q3 | Apr 25 1998 | $11.99 | $0.16 | 75.7x | +108% |
| FY1998 Q2 | Jan 24 1998 | $9.61 | $0.21 | 45.8x | +26% |
| FY1998 Q1 | Oct 25 1997 | $8.92 | $0.19 | 46.3x | +27% |
| FY1997 Q4 | - | $8.84 | $0.17 | 52.3x | +44% |
| FY1997 Q3 | Apr 26 1997 | $5.15 | $0.19 | 26.7x | -27% |
| FY1997 Q2 | Jan 25 1997 | $7.63 | $0.17 | 44.3x | +22% |
| FY1997 Q1 | Oct 26 1996 | $6.58 | $0.15 | 43.3x | +19% |
| FY1996 Q4 | Jul 31 1996 | $5.75 | $0.15 | 37.3x | +3% |
| FY1996 Q3 | Apr 28 1996 | $5.82 | $0.14 | 40.6x | +12% |
| FY1996 Q2 | Jan 28 1996 | $4.51 | $0.13 | 35.7x | -2% |
| FY1996 Q1 | Oct 29 1995 | $4.24 | $0.10 | 41.1x | +13% |
| FY1995 Q4 | Jul 31 1995 | $3.10 | $0.09 | 33.4x | -8% |
| FY1995 Q3 | Apr 30 1995 | $2.22 | $0.08 | 29.4x | -19% |
| FY1995 Q2 | Jan 29 1995 | $1.88 | $0.07 | 27.2x | -25% |
| FY1995 Q1 | Oct 31 1994 | $1.67 | $0.07 | 22.6x | -38% |
| FY1994 Q4 | Jul 31 1994 | $1.17 | $0.07 | 15.9x | -56% |
| FY1994 Q3 | Apr 30 1994 | $1.68 | $0.06 | 27.5x | -24% |
| FY1994 Q2 | Jan 31 1994 | $2.01 | $0.05 | 37.7x | +4% |
| FY1994 Q1 | Oct 31 1993 | $1.42 | $0.05 | 30.1x | -17% |
| FY1993 Q4 | Jul 31 1993 | $1.44 | $0.04 | 38.7x | +6% |
| FY1993 Q3 | Apr 30 1993 | $1.15 | $0.04 | 31.7x | -13% |
| FY1993 Q2 | Jan 31 1993 | $1.23 | $0.04 | 33.9x | -7% |
| FY1993 Q1 | Oct 31 1992 | $0.83 | $0.04 | 23.0x | -37% |
| FY1992 Q4 | Jul 31 1992 | $0.74 | $0.04 | 20.4x | -44% |
| FY1992 Q3 | - | $0.51 | $0.03 | 15.3x | -58% |
| FY1992 Q2 | Jan 31 1992 | $0.52 | $0.03 | 15.7x | -57% |
| FY1992 Q1 | - | $0.34 | $0.03 | 10.2x | -72% |
| FY1991 Q4 | Jul 31 1991 | $0.27 | $0.03 | 8.2x | -77% |
| FY1991 Q3 | - | $0.21 | $0.03 | 6.6x | -82% |
| FY1991 Q2 | - | $0.20 | $0.03 | 6.5x | -82% |
| FY1991 Q1 | Oct 31 1990 | $0.10 | $0.03 | 3.3x | -91% |
| FY1990 Q4 | - | $0.09 | $0.03 | 2.8x | -92% |
Average P/E for displayed period: 36.4x
CSCO Chart Terminal
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CSCO Stock Analysis
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
36+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
CSCO — Frequently Asked Questions
Quick answers to the most common questions about buying CSCO stock.
What is CSCO's P/E ratio?
Cisco Systems, Inc. (CSCO) trailing twelve-month P/E ratio is 32.9x, based on TTM diluted EPS of $3.33. The 5-year average P/E is 21.4x and the historical range spans 15.6x to 34.3x.
Is CSCO stock overvalued or undervalued?
CSCO trades at 32.9x P/E, above its 5-year average of 21.4x. The 95th percentile ranking within the 15.6x–34.3x historical range indicates a premium to historical valuation.
Is CSCO stock expensive?
Yes, CSCO is expensive relative to its own history. The current P/E of 32.9x is above the 5-year average of 21.4x and also above the Technology sector median of 29.8x. The stock sits at the 95th percentile of its 5-year valuation range.
What is CSCO's historical P/E range?
Over the past 5 years, CSCO's P/E ratio has ranged from 15.6x to 34.3x, with a median of 19.9x and an average of 21.4x. The current P/E of 32.9x places the stock at the 95th percentile of this range. Full historical data spans 1990–2026.
How does CSCO's P/E compare to the S&P 500?
CSCO trades at 32.9x P/E versus the S&P 500 median of 25.9x. The 27% premium to the market typically reflects higher expected earnings growth or quality.
How does CSCO's valuation compare to Technology peers?
Cisco Systems, Inc. P/E of 32.9x compares to the Technology sector median of 29.8x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is CSCO's PEG ratio?
CSCO PEG ratio is 5.57, based on a P/E of 32.9x and EPS growth of 30.6%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is CSCO's earnings yield?
CSCO earnings yield is 3.04%, the inverse of its 32.9x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.