Cisco Systems, Inc. (CSCO) Key Metrics
CSCO valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $423.39B
- Enterprise value
- $433.22B
- P/E (TTM)
- 32.2 10-yr median 19.1
- Forward P/E
- 19.8
- PEG ratio
- 0.98
- Price / sales
- 6.7 10-yr median 4.1
- Price / book
- 8.3 10-yr median 5.1
- EV / EBITDA
- 21.6 10-yr median 12.4
- Dividend yield
- 1.56% $1.68 a year
- Beta
- 0.98
CSCO key metrics, FY2017–FY2026
Fiscal year ended July 31, 2026 · U.S. dollarsCSCO valuation Price multiples at each fiscal year-end price.
CSCO returns How much profit the business earns on the capital it uses.
CSCO per-share figures Results divided by the shares outstanding at year-end.
CSCO financial health Debt, liquidity and how easily interest is covered.
CSCO efficiency & capital use Working capital cycle and where the cash goes.
CSCO valuation history
CSCO returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
CSCO debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
CSCO cash returned to shareholders
CSCO price vs earnings per share
CSCO key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $462.45B | $272.18B | $196.80B | $213.62B | $190.19B | $234.55B | $200.36B | $246.70B | $206.42B | $158.79B |
| Enterprise value | $476.07B | $284.17B | $209.92B | $195.87B | $181.49B | $221.56B | $185.53B | $237.95B | $185.44B | $122.02B |
| P/E ratio | 34.9 | 26.7 | 19.1 | 16.9 | 16.1 | 22.1 | 17.9 | 21.2 | — | 16.5 |
| Price / sales | 7.3 | 4.8 | 3.7 | 3.7 | 3.7 | 4.7 | 4.1 | 4.8 | 4.2 | 3.3 |
| Price / book | 9.2 | 5.8 | 4.3 | 4.8 | 4.8 | 5.7 | 5.3 | 7.3 | 4.8 | 2.4 |
| Price / free cash flow | 36.2 | 20.5 | 19.3 | 11.2 | 14.9 | 15.9 | 13.7 | 16.5 | 16.1 | 12.3 |
| Price / operating cash flow | 32.6 | 19.2 | 18.1 | 10.7 | 14.4 | 15.2 | 13.0 | 15.6 | 15.1 | 11.4 |
| EV / sales | 7.5 | 5.0 | 3.9 | 3.4 | 3.5 | 4.4 | 3.8 | 4.6 | 3.8 | 2.5 |
| EV / EBITDA | 23.8 | 18.5 | 13.3 | 11.2 | 10.8 | 14.2 | 11.3 | 13.7 | 11.5 | 7.9 |
| EV / free cash flow | 37.3 | 21.4 | 20.6 | 10.3 | 14.2 | 15.0 | 12.7 | 15.9 | 14.5 | 9.4 |
| Earnings yield | 2.9% | 3.7% | 5.2% | 5.9% | 6.2% | 4.5% | 5.6% | 4.7% | 0.1% | 6.1% |
| Free cash flow yield | 2.8% | 4.9% | 5.2% | 8.9% | 6.7% | 6.3% | 7.3% | 6.0% | 6.2% | 8.1% |
| Dividend yield | 1.4% | 2.4% | 3.2% | 3.0% | 3.3% | 2.6% | 3.0% | 2.4% | 2.9% | 3.5% |
| Shareholder yield (dividends + buybacks) | 2.7% | 5.0% | 6.7% | 5.2% | 7.7% | 4.1% | 4.7% | 11.2% | 11.7% | 6.2% |
| Share price at fiscal year-end | $115.99 | $68.08 | $48.45 | $52.04 | $45.37 | $55.37 | $47.10 | $55.40 | $42.29 | $31.45 |
| Per share | ||||||||||
| Revenue per share | $15.88 | $14.17 | $13.25 | $13.89 | $12.30 | $11.76 | $11.59 | $11.66 | $10.11 | $9.51 |
| Earnings per share | $3.33 | $2.55 | $2.54 | $3.07 | $2.82 | $2.50 | $2.64 | $2.61 | $0.02 | $1.90 |
| Operating cash flow per share | $3.56 | $3.55 | $2.68 | $4.84 | $3.16 | $3.65 | $3.63 | $3.56 | $2.80 | $2.75 |
| Free cash flow per share | $3.20 | $3.32 | $2.51 | $4.64 | $3.04 | $3.48 | $3.45 | $3.35 | $2.63 | $2.56 |
| Cash per share | $3.99 | $4.03 | $4.40 | $6.37 | $4.60 | $5.79 | $6.92 | $7.50 | $9.54 | $13.96 |
| Book value per share | $12.61 | $11.72 | $11.19 | $10.80 | $9.49 | $9.74 | $8.91 | $7.54 | $8.85 | $13.10 |
| Tangible book value per share | −$4.20 | −$5.37 | −$6.01 | $0.97 | −$0.26 | −$0.12 | $0.60 | −$0.48 | $1.83 | $6.70 |
| Dividends per share | $1.64 | $1.61 | $1.57 | $1.54 | $1.48 | $1.45 | $1.41 | $1.34 | $1.22 | $1.09 |
| Capex per share | $0.35 | $0.23 | $0.16 | $0.21 | $0.11 | $0.16 | $0.18 | $0.20 | $0.17 | $0.19 |
| Debt per share | $7.41 | $7.03 | $7.63 | $2.04 | $2.52 | $2.72 | $3.43 | $5.54 | $5.24 | $6.68 |
| Shares outstanding | 3.99B | 4.00B | 4.06B | 4.11B | 4.19B | 4.24B | 4.25B | 4.45B | 4.88B | 5.05B |
| Change in shares outstanding | −0.3% | −1.6% | −1.0% | −2.1% | −1.0% | −0.4% | −4.5% | −8.8% | −3.3% | −0.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 27.3% | 22.1% | 23.0% | 30.0% | 29.1% | 26.7% | 31.4% | 30.3% | 0.2% | 14.8% |
| Return on invested capital (ROIC) | 20.8% | 18.4% | 24.1% | 42.9% | 38.4% | 39.9% | 45.6% | 48.2% | 23.9% | 33.5% |
| Return on assets (ROA) | 10.5% | 8.3% | 9.1% | 12.9% | 12.3% | 11.0% | 11.6% | 11.3% | 0.1% | 7.6% |
| Return on tangible assets | 21.2% | 18.9% | 18.9% | 20.5% | 22.2% | 19.0% | 18.9% | 18.7% | 0.1% | 9.9% |
| Free cash flow margin | 20.2% | 23.5% | 19.0% | 33.4% | 24.7% | 29.6% | 29.7% | 28.7% | 26.0% | 26.9% |
| Income quality (OCF / net income) | 1.07 | 1.39 | 1.05 | 1.58 | 1.12 | 1.46 | 1.38 | 1.36 | 124.24 | 1.44 |
| Financial health | ||||||||||
| Total debt | $29.53B | $28.09B | $30.97B | $8.39B | $10.56B | $11.53B | $14.58B | $24.67B | $25.57B | $33.72B |
| Cash & short-term investments | $15.92B | $16.11B | $17.85B | $26.15B | $19.27B | $24.52B | $29.42B | $33.41B | $46.55B | $70.49B |
| Net debt | $13.62B | $11.98B | $13.12B | −$17.75B | −$8.71B | −$12.99B | −$14.84B | −$8.75B | −$20.98B | −$36.77B |
| Debt / equity | 0.59 | 0.60 | 0.68 | 0.19 | 0.27 | 0.28 | 0.38 | 0.73 | 0.59 | 0.51 |
| Debt / assets | 0.23 | 0.23 | 0.25 | 0.08 | 0.11 | 0.12 | 0.15 | 0.25 | 0.24 | 0.26 |
| Net debt / EBITDA | 0.68 | 0.78 | 0.83 | −1.02 | −0.52 | −0.84 | −0.91 | −0.50 | −1.30 | −2.39 |
| Current ratio | 0.93 | 1.00 | 0.91 | 1.38 | 1.43 | 1.49 | 1.72 | 1.51 | 2.29 | 3.03 |
| Quick ratio | 0.79 | 0.91 | 0.83 | 1.27 | 1.33 | 1.43 | 1.67 | 1.46 | 2.22 | 2.98 |
| Interest coverage | 10.5 | 7.4 | 12.1 | 35.2 | 38.8 | 29.6 | 23.3 | 16.6 | 13.1 | 13.9 |
| Working capital | −$2.86B | −$78.0M | −$3.72B | $12.04B | $11.08B | $12.86B | $18.24B | $16.04B | $34.80B | $56.12B |
| Invested capital | $63.90B | $58.83B | $58.58B | $26.60B | $31.07B | $28.28B | $23.08B | $24.82B | $22.23B | $29.36B |
| Tangible asset value | −$16.75B | −$21.47B | −$24.42B | $4.00B | −$1.10B | −$512.0M | $2.54B | −$2.16B | $8.95B | $33.83B |
| Net current asset value | −$40.69B | −$40.46B | −$42.09B | −$14.15B | −$17.51B | −$17.11B | −$13.36B | −$16.47B | −$3.74B | $20.02B |
| Graham number | $30.73 | $25.91 | $25.29 | $27.33 | $24.53 | $23.41 | $22.99 | $21.04 | $2.12 | $23.68 |
| Graham net-net per share | −$13.15 | −$12.61 | −$12.78 | −$5.51 | −$6.15 | −$5.50 | −$4.46 | −$4.98 | −$2.10 | $2.99 |
| Capital allocation | ||||||||||
| Dividends paid | $6.55B | $6.44B | $6.38B | $6.30B | $6.22B | $6.16B | $6.02B | $5.98B | $5.97B | $5.51B |
| Share buybacks (net) | $6.11B | $7.22B | $6.78B | $4.89B | $8.38B | $3.51B | $3.39B | $21.58B | $18.25B | $4.30B |
| Dividend payout ratio | 49.4% | 63.2% | 61.9% | 50.0% | 52.7% | 58.2% | 53.6% | 51.4% | — | 57.4% |
| Dividends + buybacks / free cash flow | 99.2% | 102.8% | 128.9% | 58.8% | 114.6% | 65.5% | 64.2% | 184.7% | 188.7% | 76.0% |
| Capex / revenue | 2.2% | 1.6% | 1.2% | 1.5% | 0.9% | 1.4% | 1.6% | 1.8% | 1.7% | 2.0% |
| Capex / operating cash flow | 9.9% | 6.4% | 6.2% | 4.3% | 3.6% | 4.5% | 5.0% | 5.7% | 6.1% | 6.9% |
| Capex / depreciation | 0.56 | 0.32 | 0.27 | 0.49 | 0.24 | 0.37 | 0.43 | 0.48 | 0.38 | 0.42 |
| Stock-based compensation / revenue | 6.0% | 6.4% | 5.7% | 4.1% | 3.7% | 3.5% | 3.2% | 3.0% | 3.2% | 3.2% |
| R&D / revenue | 15.1% | 16.4% | 14.8% | 13.2% | 13.1% | 13.1% | 12.9% | 12.7% | 12.8% | 12.6% |
| SG&A / revenue | 22.6% | 24.6% | 24.5% | 21.7% | 21.7% | 22.9% | 22.5% | 22.0% | 23.1% | 23.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 59.4 | 63.7 | 65.2 | 63.2 | 73.2 | 75.7 | 78.1 | 74.2 | 75.9 | 76.5 |
| Days of inventory on hand | 72.0 | 60.1 | 67.5 | 53.4 | 39.0 | 28.9 | 27.6 | 30.6 | 33.7 | 29.1 |
| Days payables outstanding | 47.9 | 44.4 | 44.4 | 39.5 | 43.9 | 46.6 | 44.3 | 37.6 | 32.1 | 25.1 |
| Cash conversion cycle (days) | 83.5 | 79.4 | 88.3 | 77.1 | 68.3 | 58.0 | 61.4 | 67.2 | 77.5 | 80.5 |
| Receivables turnover | 6.14 | 5.73 | 5.60 | 5.78 | 4.99 | 4.82 | 4.67 | 4.92 | 4.81 | 4.77 |
| Payables turnover | 7.62 | 8.22 | 8.22 | 9.25 | 8.32 | 7.83 | 8.24 | 9.71 | 11.39 | 14.57 |
| Inventory turnover | 5.07 | 6.08 | 5.41 | 6.84 | 9.36 | 12.62 | 13.22 | 11.92 | 10.82 | 12.55 |
| Asset turnover | 0.50 | 0.46 | 0.48 | 0.58 | 0.54 | 0.52 | 0.51 | 0.50 | 0.41 | 0.38 |
| Average receivables | $10.31B | $9.89B | $9.61B | $9.87B | $10.34B | $10.33B | $10.55B | $10.54B | $10.25B | $10.06B |
| Average payables | $2.95B | $2.42B | $2.31B | $2.30B | $2.32B | $2.29B | $2.14B | $1.98B | $1.64B | $1.22B |
| Average inventory | $4.43B | $3.27B | $3.51B | $3.11B | $2.06B | $1.42B | $1.33B | $1.61B | $1.73B | $1.42B |
| Intangibles / total assets | 51.7% | 55.9% | 56.2% | 39.6% | 43.5% | 42.9% | 37.3% | 36.5% | 31.5% | 24.9% |
Computed from CSCO's annual financial statements (latest annual report filed September 2, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
CSCO valuation and financial ratios
At the end of fiscal 2026 (July 31, 2026), Cisco traded at 34.9 times earnings, against a 10-year median of 19.1. Based on the latest twelve months, the trailing P/E is 32.2 and the forward P/E is 19.8. Cisco earned a return on equity of 27.3% and a return on invested capital of 20.8% in fiscal 2026. It ended the year with $29.5 billion of debt and $15.9 billion in cash and short-term investments, net debt of $13.6 billion. It returned $12.7 billion to shareholders: $6.6 billion in dividends and $6.1 billion in share buybacks, 99% of free cash flow. The share count fell 21.0% from 5.05B to 3.99B over 9 years.
See the CSCO income statement, the CSCO chart for price history, or the CSCO stock overview for the latest quote and news.
CSCO key metrics FAQ
What is Cisco's P/E ratio?
Cisco's trailing P/E ratio is 32.2 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 19.8. At the end of fiscal 2026 it was 34.9, compared with a 10-year median of 19.1.
What is Cisco's EV/EBITDA?
Cisco's enterprise value was 23.8 times EBITDA at the end of fiscal 2026 (enterprise value $476.1 billion, EBITDA $20.0 billion); the current EV/EBITDA is 21.6.
What is Cisco's return on equity?
Cisco's return on equity (ROE) was 27.3% in fiscal 2026: net income of $13.3 billion on average shareholders' equity of $48.6 billion.
What is Cisco's ROIC?
Cisco's return on invested capital was 20.8% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cisco have?
Cisco had total debt of $29.5 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.59 and $13.6 billion of net debt (0.68 times EBITDA).
What is Cisco's dividend yield?
Cisco's forward dividend yield is 1.56%. Cisco paid $6.6 billion in dividends in fiscal 2026 ($1.64 per share), a payout ratio of 49.4%.
Does Cisco buy back its shares?
Yes. Cisco spent $6.1 billion on net share repurchases in fiscal 2026 Shares outstanding changed −0.3% over the year, to 3.99B..
What is Cisco's free cash flow yield?
Cisco generated $12.8 billion of free cash flow in fiscal 2026, a free cash flow yield of 2.8% on its market value at year-end ($462.5 billion).
What is Cisco's current ratio?
Cisco's current ratio was 0.93 at the end of fiscal 2026: current assets were 0.93 times current liabilities.