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 April 2023 (TTM): 19.1
According to Cisco's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 19.0785. At the end of 2021 the company had a P/E ratio of 23.5.
P/E ratio history for Cisco from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Microsoft MSFT | 32.0 | 67.53% | 🇺🇸 USA |
 IBM IBM | 72.4 | 279.50% | 🇺🇸 USA |
 Citrix Systems
CTXS | 39.4 | 106.75% | 🇺🇸 USA |
 F5 Networks FFIV | 29.2 | 52.85% | 🇺🇸 USA |
 HP HPQ | 11.6 | -39.17% | 🇺🇸 USA |
 Juniper Networks
JNPR | 23.6 | 23.55% | 🇺🇸 USA |
 Motorola Solutions
MSI | 35.1 | 84.13% | 🇺🇸 USA |
 NETGEAR NTGR | -7.85 | -141.13% | 🇺🇸 USA |
 Ericsson ERIC | 8.31 | -56.44% | 🇸🇪 Sweden |
 Vmware VMW | 40.1 | 110.12% | 🇺🇸 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.