Question 1

What is Cisco's P/E ratio?

Accepted Answer

Cisco (CSCO) P/E ratio is 37.4× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Cisco?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Cisco specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

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

Accepted Answer

Cisco's P/E ratio of 37.4× is above its own 5-year average of 20.6× and above the sector median of 29.4×. 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/E ratio range?

Accepted Answer

In the available daily series, Cisco (CSCO) P/E ratio has ranged from a low of 10.6× in 2012 to a high of 1796.2× in 2018. The 5-year average is 20.6× and the 5-year median is 19.2×.

Question 7

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

Accepted Answer

Cisco (CSCO) P/E ratio at the end of 2025 was 26.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$10.2B	26.7×	+8.1×	Jul 26, 2025
2024	$192B	$10.3B	18.6×	+1.8×	Jul 27, 2024
2023	$212B	$12.6B	16.8×	+1.0×	Jul 31, 2023
2022	$187B	$11.8B	15.8×	-6.2×	Jul 31, 2022
2021	$233B	$10.6B	22.0×	+4.3×	Jul 31, 2021
2020	$199B	$11.2B	17.8×	-2.6×	Jul 31, 2020
2019	$237B	$11.6B	20.4×	-1775.8×	Jul 31, 2019
2018	$198B	$110M	1796.2×	+1779.8×	Jul 31, 2018
2017	$157B	$9.61B	16.3×	+1.9×	Jul 31, 2017
2016	$155B	$10.7B	14.4×	-1.7×	Jul 31, 2016
2015	$145B	$8.98B	16.1×	-0.4×	Jul 31, 2015
2014	$129B	$7.85B	16.5×	+2.7×	Jul 31, 2014
2013	$137B	$9.98B	13.8×	+3.2×	Jul 31, 2013
2012	$85B	$8.04B	10.6×	-2.8×	Jul 31, 2012
2011	$86.8B	$6.49B	13.4×	-3.5×	Jul 31, 2011
2010	$131B	$7.77B	16.9×	-3.8×	Jul 31, 2010
2009	$127B	$6.13B	20.7×	+4.6×	Jul 31, 2009
2008	$130B	$8.05B	16.1×	-7.8×	Jul 31, 2008
2007	$175B	$7.33B	23.9×	+4.4×	Jul 31, 2007
2006	$109B	$5.58B	19.5×	-1.9×	Jul 31, 2006
2005	$123B	$5.74B	21.3×	-10.7×	Jul 31, 2005
2004	$141B	$4.4B	32.1×	-6.1×	Jul 31, 2004
2003	$136B	$3.58B	38.1×	-12.5×	Jul 31, 2003
2002	$95.9B	$1.89B	50.7×	—	Jul 31, 2002


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

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

P/E Ratio daily chart for Cisco (CSCO)

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

About P/E Ratio at Cisco (CSCO)

Cisco P/E Ratio by Year

Cisco P/E Ratio 2025: 26.7×

Cisco P/E Ratio 2024: 18.6×

Cisco P/E Ratio 2023: 16.8×

Cisco P/E Ratio 2022: 15.8×

Cisco P/E Ratio 2021: 22.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Cisco (CSCO) Key Financials