GreenestEgg

Cisco Valuation So 'Silly' It's Time to Buy - JMP

A P/E of 14 for a mature company like Cisco is not silly. In fact, it's a bit high, compared to GE trading at a P/E under 10 and NOK under 9 and CAT under 8.

Given the current valuations of its peers, why wouldn't it drop another 30%? And another thing...if you account for that 20% cash and give it back to the shareholders, the P/E is more like 17. What a bargain.