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Cisco Systems (XSWX:CSCO) Cyclically Adjusted PB Ratio : (As of Apr. 30, 2024)


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What is Cisco Systems Cyclically Adjusted PB Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PB Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cisco Systems Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Cisco Systems's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Cisco Systems Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.97 4.19 4.70 3.61 4.12

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 PB Ratio 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 3.88 3.74 4.12 4.12 4.00

Competitive Comparison of Cisco Systems's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Cisco Systems's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 is calculated as:

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)
=9.703/129.4194*129.4194
=9.703

Current CPI (Jan. 2024) = 129.4194.

Cisco Systems Quarterly Data

Book Value per Share CPI Adj_Book
201404 9.626 100.023 12.455
201407 9.960 100.520 12.823
201410 10.576 100.176 13.663
201501 10.672 98.604 14.007
201504 11.082 99.824 14.368
201507 11.208 100.691 14.406
201510 11.432 100.346 14.744
201601 12.148 99.957 15.729
201604 11.934 100.947 15.300
201607 12.429 101.524 15.844
201610 12.464 101.988 15.816
201701 12.840 102.456 16.219
201704 13.093 103.167 16.425
201707 12.747 103.278 15.974
201710 13.003 104.070 16.170
201801 10.019 104.578 12.399
201804 9.548 105.708 11.690
201807 9.315 106.324 11.338
201810 9.649 106.695 11.704
201901 9.125 106.200 11.120
201904 8.605 107.818 10.329
201907 7.804 108.250 9.330
201910 8.060 108.577 9.607
202001 8.125 108.841 9.661
202004 8.209 108.173 9.821
202007 8.347 109.318 9.882
202010 8.246 109.861 9.714
202101 8.216 110.364 9.635
202104 8.793 112.673 10.100
202107 8.979 115.183 10.089
202110 9.343 116.696 10.362
202201 8.745 118.619 9.541
202204 9.202 121.978 9.763
202207 9.388 125.002 9.720
202210 9.765 125.734 10.051
202301 9.359 126.223 9.596
202304 9.280 127.992 9.383
202307 9.448 128.974 9.481
202310 9.975 129.810 9.945
202401 9.703 129.419 9.703

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


Cisco Systems  (XSWX:CSCO) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Cisco Systems Cyclically Adjusted PB Ratio Related Terms

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


Cisco Systems (XSWX:CSCO) 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 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.