Cisco Systems, Inc.
$445.91B- Market cap
- $423.59B
- Debt
- +$29.53B
- Cash
- −$7.22B
Capital structure 93% equity / 7% debt · EV / Revenue 7.04x · EV proxy / EBITDA proxy 27.75x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 · Mkt capMarket cap $423.59B · View financials
Snapshot Sep 10, 2026, 4:00 PM ET
Decision snapshot: CSCO stock price at discount vs AMAT $107.44 current versus $174.58 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at AMAT's multiple
Implied fair value · at CSCO's multiple
Snapshot Sep 10, 2026, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Reported gross margin
Operating income + D&A
Multiple discount
Lower P/E
Lower leverage
Statements
Annual statements in reported currencies, with calculations and source evidence.
Values retain reported currencies and share bases. Select a figure to inspect its period, calculation and filing inputs. Differences require compatible units and periods.
Explore enterprise value and market valuation multiples in the valuation sections.
Trendline
Nine period-end years of reported revenue, earnings, and margins. Periods and currencies are shown with the data.
Price framework
USD market cap plus reported borrowing debt, less cash and equivalents. This EV proxy excludes investments, preferred stock and noncontrolling-interest adjustments.
Capital structure 93% equity / 7% debt · EV / Revenue 7.04x · EV proxy / EBITDA proxy 27.75x
Capital structure 98% equity / 2% debt · EV / Revenue 12.68x
CSCO carries the larger enterprise value at $445.91B against $359.62B; CSCO trades on the lower EV / Revenue multiple (7.04x vs 12.68x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
CISCO SYSTEMS, INC. · implied price per share
Bear
$43.38
Base
$52.40
Bull
$64.84
APPLIED MATERIALS INC /DE · implied price per share
Bear
$120.65
Base
$147.28
Bull
$167.98
Balance sheet health
Inspect reported liquidity and leverage alongside historical financial-health checks.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
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Cash excludes investments. EBITDA is an operating-income-plus-D&A proxy. Missing borrowing categories remain unavailable; select a value to inspect its inputs.
LLM-powered synthesis
An explanation of the financial evidence. Check its snapshot date against the figures above.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe CSCO can sustain its 5.3% revenue growth and maintain its 8/9 Piotroski quality while closing the profitability gap versus AMAT, then a long position in CSCO is reasonable because the stock is cheaper on P/E and P/S and the model still implies $158.42 fair value versus $121.52 today.
CSCO trades at 47.7x P/E and 8.5x P/S versus AMAT at 62.1x P/E and 15.1x P/S, so CSCO is cheaper on both earnings and sales. The modeled implied price of $158.42 versus the current $121.52 suggests 30.4% upside, but the wide spread to the DCF range and the mix of quality metrics warrant caution.
Supporting Metrics