Cisco Systems (NEOE:CSCO) Cyclically Adjusted PS Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NEOE:CSCO Cisco Systems Inc NEOE:CSCO
81 GF Score
Price C$34.42
GF Value C$20.58
! 9 Warning Signs
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What is Cisco Systems Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS 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  (NEOE:CSCO) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Cisco Systems Cyclically Adjusted PS Ratio Related Terms


Cisco Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Cisco Systems's Cyclically Adjusted PS 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.

Cisco Systems Cyclically Adjusted PS Ratio Chart

Cisco Systems Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.95 3.69 4.03 3.61 4.89

Cisco Systems Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS 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 4.18 4.89 5.21 5.55 6.30

NEOE:CSCO vs MSI, HPE, LITE: Cyclically Adjusted PS Ratio Comparison

For the Communication Equipment subindustry, Cisco Systems's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


NEOE:CSCO
81GF Score
Cisco Systems Inc NEOE:CSCO
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cisco Systems Cyclically Adjusted PS Ratio Calculation

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

Cisco Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Cisco Systems's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=2.008/333.0200*333.0200
=2.008

Current CPI (Apr. 2026) = 333.0200.

Cisco Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 1.186 240.628 1.641
201610 1.177 241.729 1.622
201701 1.104 242.839 1.514
201704 1.159 244.524 1.578
201707 1.116 244.786 1.518
201710 1.116 246.663 1.507
201801 1.093 247.867 1.468
201804 1.194 250.546 1.587
201807 1.268 252.006 1.676
201810 1.342 252.885 1.767
201901 1.339 251.712 1.772
201904 1.431 255.548 1.865
201907 1.496 256.571 1.942
201910 1.480 257.346 1.915
202001 1.344 257.971 1.735
202004 1.446 256.389 1.878
202007 1.409 259.101 1.811
202010 1.354 260.388 1.732
202101 1.310 261.582 1.668
202104 1.375 267.054 1.715
202107 1.416 273.003 1.727
202110 1.377 276.589 1.658
202201 1.391 281.148 1.648
202204 1.416 289.109 1.631
202207 1.486 296.276 1.670
202210 1.652 298.012 1.846
202301 1.615 299.170 1.798
202304 1.742 303.363 1.912
202307 1.791 305.691 1.951
202310 1.793 307.671 1.941
202401 1.536 308.417 1.659
202404 1.559 313.548 1.656
202407 1.689 314.540 1.788
202410 1.729 315.664 1.824
202501 1.832 317.671 1.921
202504 1.801 320.795 1.870
202507 1.839 323.048 1.896
202510 1.916 0.000
202601 1.948 325.252 1.995
202604 2.008 333.020 2.008

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Cisco Systems (NEOE:CSCO) Overvalued in 2026?

Based on GuruFocus' analysis, Cisco Systems stock appears to be overvalued. The current stock price of C$34.42 is trading 67.2% above its estimated GF Value™ of C$20.58.

Key valuation signals for NEOE:CSCO:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: C$20.58 vs. price of C$34.42 (67.2% above fair value)
  • GF Score™: 81/100 with 9 warning signs

No single metric tells the full story. See the NEOE:CSCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cisco Systems Business Description

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.
81GF Score

Get the complete analysis for NEOE:CSCO

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$34.42
Price
C$20.58
GF Value