---
title: Cisco (CSCO) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/csco
ticker: CSCO
as_of: 2026-10-17
sector: Technology
industry: Communication Equipment
---
# Cisco (CSCO)

Cisco (CSCO) closed at $107.39 on Oct 16, 2026, overvalued by 62% vs its model value of $66.42 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $107.39 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $66.42 |
| Price vs model | overvalued by 62% vs model |
| Range of that model | $43.84 – $136.19 |
| Market value | $423.4B |
| P/E (fiscal 2026) | 32.2 |
| Net margin (fiscal 2026) | 21.0% |
| Free cash flow (fiscal 2026) | $12.8B |
| Dividend yield (trailing twelve months) | 1.56% |
| Beta | 0.98 |
| Cost of capital (WACC) | 8.85% |
| Business classification | Mature & Stable (Low/slowing growth (~8% recent), High profitability (21% net margin), Pays dividends, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Largest companies | #26 | $423.4B | https://sweetvaluelab.com/lists/largest-companies |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.56% |
| Dividends per share, last 12 months | $1.67 |
| Dividends / free cash flow (fiscal 2026) | 51.3% |
| Raised | 14+ years in a row |
| Growth over 5 years | 2.6% a year |
| Latest payment | $0.42, ex-date Oct 2, 2026, paid Oct 21, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Oct 4, 2021 | $1.47 |
| To Oct 4, 2022 | $1.51 |
| To Oct 3, 2023 | $1.55 |
| To Oct 2, 2024 | $1.59 |
| To Oct 3, 2025 | $1.63 |
| Trailing twelve months (to Oct 2, 2026) | $1.67 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $66.42 | $43.84 | $136.19 |
| DCF · Perpetuity growth · 10y | cross check | $71.96 | $48.79 | $142.33 |
| DCF · EBITDA exit · 5y | cross check | $115.67 | $90.58 | $144.97 |
| DCF · EBITDA exit · 10y | cross check | $112.95 | $84.29 | $150.37 |
| P/E · peers | cross check | $171.02 | $125.29 | $216.72 |
| P/E · own history | cross check | $89.07 | $71.89 | $111.64 |
| PEG | sanity check | $98.85 | $98.85 | $98.85 |
| EV/EBITDA · peers | cross check | $117.66 | $72.99 | $187.24 |
| EV/Revenue · peers | cross check | $105.61 | $66.34 | $236.99 |
| Earnings power value | cross check | $28.12 | $23.24 | $35.01 |
| Dividend discount | cross check | $30.57 | $21.18 | $49.53 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 21 open-market sales ($6.0M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 10, 2026 | Tuszik Oliver | EVP, Global Sales | Tax withholding | 2,259.591 | $267,513 |
| Oct 9, 2026 | Rishi Girish D | Director | Grant / award | 419 | $0 |
| Sep 16, 2026 | Patel Jeetendra I | President and CPO | Grant / award | 139,225 | $0 |
| Sep 16, 2026 | Patterson Mark | EVP and CFO | Grant / award | 92,817 | $0 |
| Sep 16, 2026 | Robbins Charles | Chair and CEO | Grant / award | 167,069 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 9, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/858877/000085887726000156/csco-20261007.htm |
| Sep 2, 2026 | 10-K | Annual report | https://www.sec.gov/Archives/edgar/data/858877/000085887726000132/csco-20260725.htm |
| Aug 20, 2026 | S-8 | Employee stock plan registration | https://www.sec.gov/Archives/edgar/data/858877/000119312526359259/d937510ds8.htm |
| Aug 12, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/858877/000085887726000106/csco-20260812.htm |
| Jul 9, 2026 | S-8 | Employee stock plan registration | https://www.sec.gov/Archives/edgar/data/858877/000119312526299814/d119882ds8.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| AKO Capital | 2026-06-30 | 1,971,628 | $231.6M |
| Richard Pzena | 2026-06-30 | 1,281,329 | $150.5M |
| Thomas Gayner | 2026-06-30 | 355,500 | $41.8M |
| Dodge & Cox | 2026-06-30 | 88,409 | $10.4M |

8 tracked managers in all.

## About

Cisco Systems, Inc. is a leading global technology company focused on designing, producing, and marketing Internet Protocol (IP)-based networking equipment, software, and associated products within the communications and information technology industries. The company operates extensively across major regions including the Americas, Europe, the Middle East, Africa, and the Asia Pacific, specifically covering Japan and China. Its comprehensive product lineup features switching solutions for both enterprise campuses and data centers. Cisco's enterprise routing segment is crucial for securely and reliably interconnecting public, private, wired, and mobile networks, ensuring vital connectivity across corporate campuses, data centers, and branch offices. Additionally, the company provides a range of wireless products offering seamless indoor and outdoor roaming for voice, video, and data appli…

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Source: https://sweetvaluelab.com/stocks/csco (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.