Cisco SystemsMIL:1CSCO 59 EV-to-FCF is 39.92 as of Jul. 03, 2026, which is 190% above its 10-year median of 13.75. GuruFocus rates MIL:1CSCO with a GF Score™ of 59/100 and a GF Value™ of €58.39 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,327 Hardware companies, Cisco Systems ranks worse than 64.13% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Cisco Systems's Enterprise Value is €402,901 Mil.
Cisco Systems's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was €10,092 Mil. Therefore, Cisco Systems's EV-to-FCF for today is 39.92.
The historical rank and industry rank for Cisco Systems's EV-to-FCF or its related term are showing as below:
MIL:1CSCO'
s EV-to-FCF Range Over the Past 10 Years
Min: 8.93 Med: 13.75 Max: 42.33
Current: 38.92
During the past 13 years, the highest EV-to-FCF of Cisco Systems was 42.33. The lowest was 8.93. And the median was 13.75.
MIL:1CSCO's EV-to-FCF is ranked worse than 64.13% of 1327
companies
in the Hardware industry
Industry Median: 23.98
vs MIL:1CSCO: 38.92
EV-to-FCF 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-FCF 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 €98.47.
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 €2.634.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Cisco Systems EV-to-FCF Related Terms
Cisco Systems EV-to-FCF Historical Data
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The historical data trend for Cisco Systems's EV-to-FCF 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.
MIL:1CSCO vs CIEN, MSI, LITE: EV-to-FCF Comparison
For the Communication Equipment subindustry, Cisco Systems's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Cisco Systems's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Cisco Systems's EV-to-FCF falls into.
Cisco Systems's current Enterprise Value is €402,901 Mil.
Cisco Systems's Free Cash Flow 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 €10,092 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 (MIL:1CSCO) has a EV-to-FCF of 39.92 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cisco Systems and its competitors. This is 190% above median its historical median of 13.75. Over the past decade, Cisco Systems' EV-to-FCF has ranged from 8.93 to 42.33. According to the industry distribution chart, Cisco Systems ranks #851 out of 1327 companies in the Hardware industry, placing it in the top 64.1%.
Is Cisco Systems' EV-to-FCF too high?
Cisco Systems' current EV-to-FCF of 39.92 is 190% above median its 10-year median of 13.75. Over the past 10 years, this metric has ranged from a low of 8.93 to a high of 42.33. The Hardware industry median EV-to-FCF is 23.98. Cisco Systems' value of 39.92 is 66.5% above this industry median. Based on the distribution chart, Cisco Systems ranks #851 out of 1327 companies in the Hardware industry, which is below the industry midpoint. Overall, Cisco Systems has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cisco Systems' EV-to-FCF compare to CIEN and MSI?
According to the Hardware industry distribution chart, Cisco Systems ranks #851 out of 1327 companies for EV-to-FCF. This places Cisco Systems in the lower half of its industry. The industry median EV-to-FCF is 23.98. Cisco Systems' value of 39.92 is 66.5% above this benchmark. Historically, Cisco Systems' own EV-to-FCF has ranged from 8.93 to 42.33 over the past decade. While the company's 10-year median is 13.75 vs. the industry median of 23.98, 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-FCF for a Hardware company?
The median EV-to-FCF among Hardware companies is 23.98, based on 1,327 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cisco Systems's current EV-to-FCF of 39.92 is 66.5% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Cisco Systems and its competitors. For the Hardware industry, the median EV-to-FCF is 23.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cisco Systems's current EV-to-FCF is 39.92, which is 190% above median its own 10-year median of 13.75. 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?
Based on GuruFocus' analysis, Cisco Systems (MIL:1CSCO) is currently considered Significantly Overvalued. The stock's GF Value™ is €58.39, compared to a current price of €98.47 — trading 68.6% above its estimated fair value. The current EV-to-FCF is 39.92, which is 190% above median its 10-year median of 13.75 and 66.5% above the Hardware industry median of 23.98. Cisco Systems' overall GF Score™ is 59/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Cisco Systems (MIL:1CSCO), the current EV-to-FCF is 39.92 as of Jul. 03, 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 (MIL:1CSCO) Overvalued in 2026?
Based on GuruFocus' analysis, Cisco Systems stock appears to be overvalued.
The current stock price of €98.47 is trading 68.6% above its estimated GF Value™ of €58.39.
GuruFocus considers Cisco Systems to be Significantly Overvalued.
Key valuation signals for MIL:1CSCO:
EV-to-FCF: 39.92 (190% above median its 10-year median of 13.75)
GF Value™: €58.39 vs. price of €98.47 (68.6% above fair value)
Industry Position: 66.5% above the Hardware median (#851 of 1327)
No single metric tells the full story. See the MIL:1CSCO 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.
59GF Score
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