Start with its own history
At 25.22×, CSCO is 87.7% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · CSCOCommunication EquipmentUpdated Nov 2, 2026
Cisco Systems, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
25.22×
87.7% belowthe 10-year annual average
Share price103.14
÷Earnings per share4.09
Price and EPS in quote currency. Calculation details
Investors are paying 25.22 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 205.25×
3-year average26.53×3 positive annual observations
5-year average22.51×5 positive annual observations
10-year average205.25×10 positive annual observations
Peer median · TTM41.30×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Jul 25, 2026 | 33.98× | +26.6% |
| Jul 26, 2025 | 26.83× | +42.9% |
| Jul 27, 2024 | 18.78× | +11.0% |
| Jul 29, 2023 | 16.91× | +5.5% |
| Jul 30, 2022 | 16.03× | -27.3% |
| Jul 31, 2021 | 22.06× | +26.0% |
| Jul 25, 2020 | 17.51× | -16.9% |
| Jul 31, 2019 | 21.06× | -98.9% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Jul 31, 2018 | 1863.00× | +11273.5% |
| Jul 31, 2017 | 16.38× | +13.5% |
| Jul 31, 2016 | 14.43× | -10.7% |
| Jul 31, 2015 | 16.15× | -4.0% |
| Jul 31, 2014 | 16.82× | +22.9% |
| Jul 31, 2013 | 13.68× | +28.7% |
| Jul 31, 2012 | 10.63× | -21.4% |
| Jul 31, 2011 | 13.53× | -20.2% |
| Jul 31, 2010 | 16.96× | -19.1% |
| Jul 31, 2009 | 20.96× | +28.7% |
| Jul 31, 2008 | 16.29× | -31.8% |
| Jul 31, 2007 | 23.89× | +21.6% |
| Jul 31, 2006 | 19.65× | -10.2% |
| Jul 31, 2005 | 21.89× | -33.0% |
| Jul 31, 2004 | 32.69× | -16.1% |
| Jul 31, 2003 | 38.98× | -23.2% |
| Jul 31, 2002 | 50.73× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How CSCO compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 CSCO This stockCisco Systems, Inc. | 25.22× |
 VISNVistance Networks, Inc. | 6.34× |
 CIENCiena Corporation | 65.61× |
 ERICTelefonaktiebolaget LM Ericsson (publ) | 18.63× |
 NOKNokia Oyj | 55.11× |
 RBBNRibbon Communications Inc. | 15.36× |
 ZTCOFZTE Corporation | 30.67× |
 EXTRExtreme Networks, Inc. | 57.30× |
 ANETArista Networks, Inc. | 51.93× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does CSCO’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 41.30×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take CSCO into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("CSCO", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 103.14 ÷ EPS 4.09 = 25.22×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
CSCO P/E ratio: common questions
The essentials behind the numbers.
Cisco Systems, Inc.'s current P/E is 25.22× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.