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Cisco Systems (BSP:CSCO34) Cyclically Adjusted Book per Share : R$14.30 (As of Apr. 2025)


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What is Cisco Systems Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Cisco Systems's adjusted book value per share for the three months ended in Apr. 2025 was R$13.434. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$14.30 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Cisco Systems's average Cyclically Adjusted Book Growth Rate was -0.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.50% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Cisco Systems was 56.90% per year. The lowest was 2.50% per year. And the median was 10.20% per year.

As of today (2025-06-01), Cisco Systems's current stock price is R$71.96. Cisco Systems's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was R$14.30. Cisco Systems's Cyclically Adjusted PB Ratio of today is 5.03.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cisco Systems was 5.32. The lowest was 2.64. And the median was 3.96.


Cisco Systems Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cisco Systems's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Cisco Systems Cyclically Adjusted Book per Share Chart

Cisco Systems Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.68 12.10 12.95 11.91 14.42

Cisco Systems Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.29 14.42 14.77 14.71 14.30

Competitive Comparison of Cisco Systems's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Cisco Systems's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Cisco Systems's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Cisco Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cisco Systems's Cyclically Adjusted PB Ratio falls into.


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Cisco Systems Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Cisco Systems's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=13.434/135.3468*135.3468
=13.434

Current CPI (Apr. 2025) = 135.3468.

Cisco Systems Quarterly Data

Book Value per Share CPI Adj_Book
201507 7.581 100.691 10.190
201510 9.147 100.346 12.337
201601 9.773 99.957 13.233
201604 8.828 100.947 11.836
201607 8.290 101.524 11.052
201610 8.040 101.988 10.670
201701 8.131 102.456 10.741
201704 8.213 103.167 10.775
201707 8.493 103.278 11.130
201710 8.453 104.070 10.993
201801 6.700 104.578 8.671
201804 6.720 105.708 8.604
201807 7.158 106.324 9.112
201810 7.302 106.695 9.263
201901 6.888 106.200 8.778
201904 6.652 107.818 8.350
201907 5.969 108.250 7.463
201910 6.627 108.577 8.261
202001 6.956 108.841 8.650
202004 8.998 108.173 11.258
202007 9.439 109.318 11.686
202010 10.168 109.861 12.527
202101 9.949 110.364 12.201
202104 10.623 112.673 12.761
202107 10.103 115.183 11.872
202110 11.223 116.696 13.017
202201 10.523 118.619 12.007
202204 9.260 121.978 10.275
202207 10.390 125.002 11.250
202210 10.310 125.734 11.098
202301 10.517 126.223 11.277
202304 10.424 127.992 11.023
202307 10.473 128.974 10.990
202310 11.291 129.810 11.773
202401 11.233 130.124 11.684
202404 11.649 132.289 11.918
202407 12.578 132.708 12.828
202410 12.824 133.182 13.032
202501 13.763 134.029 13.898
202504 13.434 135.347 13.434

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Cisco Systems  (BSP:CSCO34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Cisco Systems's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=71.96/14.30
=5.03

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cisco Systems was 5.32. The lowest was 2.64. And the median was 3.96.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Cisco Systems Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Cisco Systems's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Cisco Systems Business Description

Industry
Address
170 West Tasman Drive, San Jose, CA, USA, 95134-1706
Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world. Its largest businesses are selling networking hardware and software (where it has leading market shares) and cybersecurity software such as firewalls. It also has collaboration products, like its Webex suite, and observability tools. It primarily outsources its manufacturing to third parties and has a large sales and marketing staff—25,000 strong across 90 countries. Overall, Cisco employs 80,000 people and sells its products globally.

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