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STOCK COMPARISON

Aviat Networks vs Cisco Systems: Fair Value & Quality

Both stocks run through our valuation models. Here is how Aviat Networks (AVNW) and Cisco Systems (CSCO) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Cisco Systems as the more attractively valued of the two: Aviat Networks trades at $20.04 versus a fair value of $2.22 (-89%), while Cisco Systems trades at $106 versus $117 (+10%).
Aviat Networks
AVNW · USD · Information Technology
-89%
upside to fair value
overvalued
Price$20.04
Fair Value$2.22
Quality36/100
Cisco Systems
CSCO · USD · Information Technology
+10%
upside to fair value
fairly valued
Price$106
Fair Value$117
Quality74/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

Aviat NetworksCisco Systems
Valuation
29.0×P/E (TTM)35.5×
0.59×P/S (TTM)7.87×
0.98×P/B10.21× · book value is mostly goodwill
8.6×EV/EBITDA29.0×
5.33×PEG1.68×
−88.9%Fair value upside+10.0%
n/aDividend yield1.6%
n/aDividend per share$1.65
Profitability
1%Operating margin25%
n/aEBIT margin trend (5Y)0.75×
3%Return on equity25%
2%Return on assets7%
Growth
-11%Revenue growth (YoY)12%
12.8%Avg. growth/yr (3Y)3.2%
12.7%Avg. growth/yr (5Y)2.8%
−20.4%Value creation/yr+1.7%
Balance & size
n/aInterest coverage (EBIT/interest)7.4×
0.26×Debt / equity0.49×
$257MMarket cap$478B
expensiveGrowth qualityhealthy

Even match: 6 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Aviat Networksof which business quality 37 · market factors 31 Cisco Systemsof which business quality 70 · market factors 71
ProfitabilityMargins and returns on capital today
27
58
Quality GrowthAre margins and returns improving?
26
46
CashflowEarnings quality: real cash, not paper profit
32
85
Fin. StrengthBalance sheet, leverage, solvency risk
43
64
InvestmentDisciplined investing over empire-building
49
75
Low VolatilityCalm price path (market factor)
41
59
MomentumPrice trend over the last 3–12 months (market factor)
24
72
52W MomentumDistance to the 52-week high (market factor)
30
82
Net IssuanceShare count: buybacks or dilution?
53
97

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyAviat NetworksPrice $20.04Cisco SystemsPrice $106
DCF Modelsn/a-32%below the price$72.20
Earnings-Based-93%below the price$1.39-76%below the price$25.45
Dividend Discountn/a-71%below the price$31.20
Multiples-91%below the price$1.76-50%below the price$53.39
Asset-Based-32%below the price$13.63-93%below the price$7.96
Growth DCFn/a-41%below the price$62.97
Economic Profit-46%below the price$10.80-73%below the price$28.50
Growth Earnings-89%below the price$2.22-52%below the price$50.63
Minimum-93%below the price$1.39-93%below the price$7.96
Maximum-32%below the price$13.63-32%below the price$72.20
Median-89%below the price$2.22-62%below the price$40.91
Geometric mean-81%below the price$3.81-67%below the price$34.92

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Aviat Networks: 7 of 7 models see the stock below the current price.

Cisco Systems: 26 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Aviat Networks
Price $20.04
Fair Value $2.22
Bear $1.55Bull $2.89
Cisco Systems
Price $106
Fair Value $117
Bear $79.50Bull $149

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Aviat Networks · Information Technology

Quality score36 · bottom 25%
Fair value upside-89% · bottom 25%

Cisco Systems · Information Technology

Quality score74 · Top 25%
Fair value upside+10% · above median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Cisco Systems as the more attractively valued of the two: Aviat Networks trades at $20.04 versus a fair value of $2.22 (-89%), while Cisco Systems trades at $106 versus $117 (+10%).

Cisco Systems has the higher quality score (74/100).

Open Cisco Systems live analysis →
Aviat Networks · Cisco Systems

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.