Cisco Systems Inc (CSCO) is overvalued and Nokia Corp ADR (NOK) is overvalued.
Both trade above our estimate of their intrinsic value. CSCO is the closer of the two: -101%, against -152% for NOK.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.7% (average of 3 methods) values the shares at $53.03; the price of $106.44 is 101% above that value, and 73% of that value comes from beyond year five.
Leak Score 44/100 on 10 of 12 signals
Discounting its cash flows at 10.3% (average of 3 methods) values the shares at $4.30; the price of $10.82 is 152% above that value, and 71% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
| Metric | CSCO | NOK |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $106.44 | $10.82 |
| Intrinsic value | $53.03 | $4.30 |
| Margin of safety | -101% | -152% |
| Leak Score | 44/100 (10/12) | 27/100 (3/12) |
| Market cap | $419.6B | $60.6B |
| Revenue growth, 5 years | 4.9% | -2.1% |
| Operating margin | 25.2% | 11.1% |
| Net margin | 20.9% | 3.4% |
| Return on equity | 27.3% | 3.5% |
| Debt to equity | 0.62 | 0.16 |
| P/E | 32.0x | 74.7x |
| Forward P/E | 19.2x | 23.3x |
| P/B | 8.3x | 2.5x |
| Dividend yield | 1.6% | 1.6% |