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 ANET $107.44 current versus $228.85 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 ANET'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 lag
Reported gross margin
Operating income + D&A
Lower is better
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
Complete market value, debt and cash evidence is required for enterprise value.
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
Arista Networks, Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
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.
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 accelerate growth and sustain margins closer to ANET's level, then CSCO looks attractive because it trades at a materially lower P/E and P/S multiple despite strong quality scores; otherwise, the current valuation discount may be justified by its slower 5.3% growth and lower 20.8% operating margin.
CSCO trades at 47.4x P/E versus ANET at 69.9x, and at 8.4x P/S versus 26.9x for ANET, so CSCO is materially cheaper on both earnings and sales bases. The implied price of $178.33 suggests 47.5% upside from the current $120.88, but ANET-implied range and historical band show the market is already assigning CSCO a lower-quality multiple than ANET.
Supporting Metrics