Is Cisco Systems, Inc. overvalued or undervalued?

As of 7 November 2025, Cisco Systems, Inc. has moved from fair to expensive in its valuation grade. The company is currently considered overvalued based on its valuation ratios, including a P/E ratio of 25, an EV to EBITDA of 18.15, and a Price to Book Value of 5.69. In comparison to its peers, Accenture Plc has a lower P/E ratio of 21.26, while Fortinet, Inc. shows a higher P/E at 32.08, indicating that Cisco is priced higher relative to some of its competitors in the industry.
Despite its recent performance, where Cisco has outperformed the S&P 500 with a year-to-date return of 20.05% compared to 14.40%, the overall valuation suggests that the stock may not offer significant upside potential at its current price level.