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Cisco Systems (HKSE:04333) Cyclically Adjusted PS Ratio : 3.84 (As of Apr. 28, 2024)


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What is Cisco Systems Cyclically Adjusted PS Ratio?

As of today (2024-04-28), Cisco Systems's current share price is HK$250.00. Cisco Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 was HK$65.07. Cisco Systems's Cyclically Adjusted PS Ratio for today is 3.84.

The historical rank and industry rank for Cisco Systems's Cyclically Adjusted PS Ratio or its related term are showing as below:

HKSE:04333' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.85   Med: 3.87   Max: 5.95
Current: 3.66

During the past years, Cisco Systems's highest Cyclically Adjusted PS Ratio was 5.95. The lowest was 2.85. And the median was 3.87.

HKSE:04333's Cyclically Adjusted PS Ratio is ranked worse than
84.91% of 1889 companies
in the Hardware industry
Industry Median: 1.01 vs HKSE:04333: 3.66

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Cisco Systems's adjusted revenue per share data for the three months ended in Jan. 2024 was HK$24.547. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is HK$65.07 for the trailing ten years ended in Jan. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cisco Systems Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Cisco Systems Cyclically Adjusted PS Ratio Chart

Cisco Systems Annual Data
Trend Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.58 4.54 4.95 3.69 4.03

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 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 3.89 3.71 4.03 3.99 3.84

Competitive Comparison of Cisco Systems's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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 PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=250.00/65.07
=3.84

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Jan. 2024 is calculated as:

For example, Cisco Systems's adjusted Revenue per Share data for the three months ended in Jan. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=24.547/129.4194*129.4194
=24.547

Current CPI (Jan. 2024) = 129.4194.

Cisco Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201404 17.282 100.023 22.361
201407 18.449 100.520 23.753
201410 18.423 100.176 23.801
201501 17.934 98.604 23.539
201504 18.274 99.824 23.692
201507 19.436 100.691 24.981
201510 19.222 100.346 24.791
201601 18.208 99.957 23.575
201604 18.375 100.947 23.558
201607 19.347 101.524 24.663
201610 18.913 101.988 24.000
201701 17.820 102.456 22.510
201704 18.398 103.167 23.080
201707 18.844 103.278 23.614
201710 18.968 104.070 23.588
201801 18.876 104.578 23.360
201804 20.192 105.708 24.721
201807 20.791 106.324 25.307
201810 22.205 106.695 26.934
201901 21.663 106.200 26.399
201904 23.024 107.818 27.637
201907 24.485 108.250 29.273
201910 24.150 108.577 28.786
202001 21.903 108.841 26.044
202004 21.891 108.173 26.191
202007 22.208 109.318 26.292
202010 21.784 109.861 25.662
202101 21.901 110.364 25.682
202104 23.470 112.673 26.958
202107 24.095 115.183 27.073
202110 23.651 116.696 26.230
202201 23.570 118.619 25.716
202204 24.135 121.978 25.607
202207 24.744 125.002 25.618
202210 25.998 125.734 26.760
202301 25.825 126.223 26.479
202304 27.829 127.992 28.139
202307 29.073 128.974 29.173
202310 28.082 129.810 27.998
202401 24.547 129.419 24.547

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.


Cisco Systems  (HKSE:04333) 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

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


Cisco Systems (HKSE:04333) 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.

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