Question 1

What is Cisco's P/B ratio?

Accepted Answer

Cisco (CSCO) P/B ratio is 9.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Cisco?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Cisco specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

Is Cisco's P/B ratio high or low?

Accepted Answer

Cisco's P/B ratio of 9.2× is above its own 5-year average of 5.2× and above the sector median of 5.6×. That places the current reading at the 97th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Cisco's historical P/B ratio range?

Accepted Answer

In the available daily series, Cisco (CSCO) P/B ratio has ranged from a low of 1.7× in 2012 to a high of 10.6× in 2026. The 5-year average is 5.2× and the 5-year median is 4.9×.

Question 7

What was Cisco's P/B ratio in 2025?

Accepted Answer

Cisco (CSCO) P/B ratio at the end of 2025 was 5.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Cisco's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$272B	$46.8B	5.8×	+1.6×	Jul 26, 2025
2024	$192B	$45.5B	4.2×	-0.5×	Jul 27, 2024
2023	$212B	$44.4B	4.8×	+0.1×	Jul 31, 2023
2022	$187B	$39.8B	4.7×	-1.0×	Jul 31, 2022
2021	$233B	$41.3B	5.7×	+0.4×	Jul 31, 2021
2020	$199B	$37.9B	5.3×	-1.8×	Jul 31, 2020
2019	$237B	$33.6B	7.0×	+2.5×	Jul 31, 2019
2018	$198B	$43.2B	4.6×	+2.2×	Jul 31, 2018
2017	$157B	$66.1B	2.4×	-0.1×	Jul 31, 2017
2016	$155B	$63.6B	2.4×	+0.0×	Jul 31, 2016
2015	$145B	$59.7B	2.4×	+0.1×	Jul 31, 2015
2014	$129B	$56.7B	2.3×	-0.0×	Jul 31, 2014
2013	$137B	$59.1B	2.3×	+0.7×	Jul 31, 2013
2012	$85B	$51.3B	1.7×	-0.2×	Jul 31, 2012
2011	$86.8B	$47.2B	1.8×	-1.1×	Jul 31, 2011
2010	$131B	$44.3B	3.0×	-0.3×	Jul 31, 2010
2009	$127B	$38.6B	3.3×	-0.5×	Jul 31, 2009
2008	$130B	$34.4B	3.8×	-1.8×	Jul 31, 2008
2007	$175B	$31.5B	5.6×	+1.0×	Jul 31, 2007
2006	$109B	$23.9B	4.5×	-0.7×	Jul 31, 2006
2005	$123B	$23.2B	5.3×	-0.2×	Jul 31, 2005
2004	$141B	$25.8B	5.5×	+0.6×	Jul 31, 2004
2003	$136B	$28B	4.9×	+1.5×	Jul 31, 2003
2002	$95.9B	$28.7B	3.3×	—	Jul 31, 2002


Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Fortive (FTV)	2.9×
IREN (IREN)	2.8×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
First Solar (FSLR)	2.1×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Sunrun (RUN)	1.0×
Strategy (MSTR)	0.9×
IBM (IBM)	0.0×

P/B Ratio for Cisco (CSCO) 2002-2026

P/B Ratio daily chart for Cisco (CSCO)

Historical P/B Ratio for Cisco (CSCO) from 2002 to 2025

About P/B Ratio at Cisco (CSCO)

Cisco P/B Ratio by Year

Cisco P/B Ratio 2025: 5.8×

Cisco P/B Ratio 2024: 4.2×

Cisco P/B Ratio 2023: 4.8×

Cisco P/B Ratio 2022: 4.7×

Cisco P/B Ratio 2021: 5.7×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Cisco (CSCO) Key Financials