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Cisco Systems (FRA:CIS) Cyclically Adjusted Book per Share : €11.66 (As of Jan. 2024)


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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 Jan. 2024 was €10.484. 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 €11.66 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Cisco Systems's average Cyclically Adjusted Book Growth Rate was -0.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.10% 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 2.80% per year. And the median was 10.25% per year.

As of today (2024-05-01), Cisco Systems's current stock price is €44.295. Cisco Systems's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was €11.66. Cisco Systems's Cyclically Adjusted PB Ratio of today is 3.80.

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 3.76.


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 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.24 9.27 9.94 12.34 11.51

Cisco Systems Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
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 11.44 11.43 11.51 11.80 11.66

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.



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 Jan. 2024 was:

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=10.484/129.4194*129.4194
=10.484

Current CPI (Jan. 2024) = 129.4194.

Cisco Systems Quarterly Data

Book Value per Share CPI Adj_Book
201404 7.895 100.023 10.215
201407 8.198 100.520 10.555
201410 8.758 100.176 11.315
201501 9.731 98.604 12.772
201504 10.672 99.824 13.836
201507 10.672 100.691 13.717
201510 10.515 100.346 13.561
201601 11.097 99.957 14.368
201604 10.913 100.947 13.991
201607 11.443 101.524 14.587
201610 11.460 101.988 14.542
201701 11.980 102.456 15.133
201704 12.205 103.167 15.311
201707 11.507 103.278 14.420
201710 11.267 104.070 14.011
201801 8.554 104.578 10.586
201804 8.033 105.708 9.835
201807 8.015 106.324 9.756
201810 8.445 106.695 10.244
201901 8.077 106.200 9.843
201904 7.595 107.818 9.117
201907 7.046 108.250 8.424
201910 7.338 108.577 8.747
202001 7.549 108.841 8.976
202004 7.785 108.173 9.314
202007 7.786 109.318 9.218
202010 7.682 109.861 9.050
202101 7.609 110.364 8.923
202104 7.974 112.673 9.159
202107 8.280 115.183 9.303
202110 8.729 116.696 9.681
202201 8.411 118.619 9.177
202204 9.017 121.978 9.567
202207 9.513 125.002 9.849
202210 9.962 125.734 10.254
202301 9.399 126.223 9.637
202304 9.466 127.992 9.572
202307 9.861 128.974 9.895
202310 10.574 129.810 10.542
202401 10.484 129.419 10.484

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


Cisco Systems  (FRA:CIS) 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
=44.295/11.66
=3.80

* 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 3.76.


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 (FRA:CIS) Business Description

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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 like 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 employees 80,000 employees and sells its products globally.

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