Is Cisco Systems, Inc. overvalued or undervalued?

As of 17 October 2025, Cisco Systems, Inc. has moved from a very expensive valuation to a fair valuation. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 25, an EV to EBITDA ratio of 18.15, and a Price to Book Value of 5.69. In comparison to peers, Accenture Plc has a P/E of 21.26 and an EV to EBITDA of 13.98, while International Business Machines Corp. is considered very expensive with a P/E of 82.85.
Cisco's recent performance shows a stock return of 24.34% over the past year, significantly outperforming the S&P 500's return of 14.08%, which supports the notion that the stock is fairly valued in the current market context.