Cisco Systems, Inc. is an American company in the telecommunications industry. It is primarily known for its routers and switches, which are used by a substantial part of the Internet backbones. Cisco was founded in December 1984 by a group of scientists (primarily Leonard Bosack and Sandy Lerner) from Stanford University near San Francisco.
P/E ratio for Cisco (CSCO)
P/E ratio as of December 2023 (TTM): 15.7
According to Cisco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.657. At the end of 2022 the company had a P/E ratio of 17.2.
P/E ratio history for Cisco from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 17.2 | -26.72% |
| 2021 | 23.5 | 29.55% |
| 2020 | 18.1 | -4.05% |
| 2019 | 18.9 | -83.88% |
| 2018 | 117 | 493.18% |
| 2017 | 19.7 | 37.84% |
| 2016 | 14.3 | -0.33% |
| 2015 | 14.4 | -23.03% |
| 2014 | 18.7 | 54% |
| 2013 | 12.1 | -3.75% |
| 2012 | 12.6 | -19.88% |
| 2011 | 15.7 | 7.25% |
| 2010 | 14.7 | -39.38% |
| 2009 | 24.2 | 101.76% |
| 2008 | 12.0 | -42% |
| 2007 | 20.7 | -25.9% |
| 2006 | 27.9 | 41.72% |
| 2005 | 19.7 | -28.7% |
| 2004 | 27.6 | -33.93% |
| 2003 | 41.8 | 24.37% |
| 2002 | 33.6 | -153.79% |
| 2001 | -62.4 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 36.6 | 133.60% | 🇺🇸 USA |
 IBM IBM | 20.8 | 32.90% | 🇺🇸 USA |
 Citrix Systems
CTXS | 39.4 | 151.93% | 🇺🇸 USA |
 F5 Networks FFIV | 25.9 | 65.66% | 🇺🇸 USA |
 HP HPQ | 12.5 | -19.85% | 🇺🇸 USA |
 Juniper Networks
JNPR | 25.0 | 59.39% | 🇺🇸 USA |
 Motorola Solutions
MSI | 31.7 | 102.77% | 🇺🇸 USA |
 NETGEAR NTGR | -3.69 | -123.55% | 🇺🇸 USA |
 Ericsson ERIC | -7.60 | -148.55% | 🇸🇪 Sweden |
 Vmware VMW | 42.7 | 172.46% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.