Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
Cisco SystemsXSWX:CSCO 81 EV-to-OCF is 35.29 as of Jul. 21, 2026, which is 171% above its 10-year median of 13.04. GuruFocus rates XSWX:CSCO with a GF Score™ of 81/100 and a GF Value™ of CHF55.36. The stock has 9 warning signs investors should review. Among 2,497 Hardware companies, Cisco Systems ranks worse than 77.73% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Cisco Systems's Enterprise Value is CHF364,955 Mil.
Cisco Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was CHF10,341 Mil. Therefore, Cisco Systems's EV-to-OCF for today is 35.29.
The historical rank and industry rank for Cisco Systems's EV-to-OCF or its related term are showing as below:
XSWX:CSCO'
s EV-to-OCF Range Over the Past 10 Years
Min: 8.28 Med: 13.04 Max: 38.31
Current: 35
During the past 13 years, the highest EV-to-OCF of Cisco Systems was 38.31. The lowest was 8.28. And the median was 13.04.
XSWX:CSCO's EV-to-OCF is ranked worse than 77.73% of 2497
companies
in the Hardware industry
Industry Median: 9.04
vs XSWX:CSCO: 35.00
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Cisco Systems's PE Ratio (TTM) for today is calculated as:
Cisco Systems's share price for today is CHF90.00.
Cisco Systems's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF2.442.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Cisco Systems EV-to-OCF Related Terms
Cisco Systems EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Cisco Systems's EV-to-OCF 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.
XSWX:CSCO vs CIEN, MSI, LITE: EV-to-OCF Comparison
For the Communication Equipment subindustry, Cisco Systems's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Hardware Industry
For the Hardware industry and Technology sector, Cisco Systems's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Cisco Systems's EV-to-OCF falls into.
Cisco Systems's current Enterprise Value is CHF364,955 Mil.
Cisco Systems's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF10,341 Mil.
* 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 (XSWX:CSCO) has a EV-to-OCF of 35.29 as of Jul. 21, 2026. This is 171% above median its historical median of 13.04. Over the past decade, Cisco Systems' EV-to-OCF has ranged from 8.28 to 38.31. According to the industry distribution chart, Cisco Systems ranks #1941 out of 2497 companies in the Hardware industry, placing it in the top 77.7%.
Is Cisco Systems' EV-to-OCF too high?
Cisco Systems' current EV-to-OCF of 35.29 is 171% above median its 10-year median of 13.04. Over the past 10 years, this metric has ranged from a low of 8.28 to a high of 38.31. The Hardware industry median EV-to-OCF is 9.04. Cisco Systems' value of 35.29 is 290.4% above this industry median. Based on the distribution chart, Cisco Systems ranks #1941 out of 2497 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Cisco Systems has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Cisco Systems' EV-to-OCF compare to CIEN and MSI?
According to the Hardware industry distribution chart, Cisco Systems ranks #1941 out of 2497 companies for EV-to-OCF. This places Cisco Systems in the lower half of its industry. The industry median EV-to-OCF is 9.04. Cisco Systems' value of 35.29 is 290.4% above this benchmark. Historically, Cisco Systems' own EV-to-OCF has ranged from 8.28 to 38.31 over the past decade. While the company's 10-year median is 13.04 vs. the industry median of 9.04, Cisco Systems has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Hardware company?
The median EV-to-OCF among Hardware companies is 9.04, based on 2,497 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cisco Systems's current EV-to-OCF of 35.29 is 290.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median EV-to-OCF is 9.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cisco Systems's current EV-to-OCF is 35.29, which is 171% above median its own 10-year median of 13.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cisco Systems stock overvalued right now?
Cisco Systems (XSWX:CSCO) has a current EV-to-OCF of 35.29. The stock's GF Value™ is CHF55.36, compared to a current price of CHF90.00 — trading 62.6% above its estimated fair value. The current EV-to-OCF is 35.29, which is 171% above median its 10-year median of 13.04 and 290.4% above the Hardware industry median of 9.04. Cisco Systems' overall GF Score™ is 81/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Cisco Systems (XSWX:CSCO), the current EV-to-OCF is 35.29 as of Jul. 21, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cisco Systems (XSWX:CSCO) Overvalued in 2026?
Based on GuruFocus' analysis, Cisco Systems stock appears to be overvalued.
The current stock price of CHF90.00 is trading 62.6% above its estimated GF Value™ of CHF55.36.
Key valuation signals for XSWX:CSCO:
EV-to-OCF: 35.29 (171% above median its 10-year median of 13.04)
GF Value™: CHF55.36 vs. price of CHF90.00 (62.6% above fair value)
Industry Position: 290.4% above the Hardware median (#1941 of 2497)
No single metric tells the full story. See the XSWX:CSCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 XSWX:CSCO
EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:CSCO has been successfully added to your 
