Arista Networks, Inc.
ANET Technology Computer Hardware
Arista Networks, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $9.0 billion, up 28.6% from fiscal 2024. In the quarter to June 2026, revenue grew 37.7%, EPS grew 35.2% and free cash flow fell 10.4%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years, operating cash flow growth for three.
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Arista Networks, Inc. (ANET) P/B ratio
As of 16 October 2026, Arista Networks, Inc. (ANET) trades at a P/B ratio of 15.1×. Over the past ten years it has ranged from 4.1× (March 2020) to 18.5× (October 2026); the current reading is higher than 94% of that period. That is above the Computer Hardware industry median of 2.0× and above the Technology sector median of 2.7×.
P/B ratio, daily
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Annual newest first
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 13.3× | (4.09%) |
| FY2024 | 13.9× | 40.01% |
| FY2023 | 9.9× | 30.82% |
| FY2022 | 7.6× | (31.52%) |
| FY2021 | 11.1× | 66.56% |
| FY2020 | 6.6× | 24.03% |
| FY2019 | 5.4× | (27.05%) |
| FY2018 | 7.3× | (26.84%) |
| FY2017 | 10.0× | 66.62% |
| FY2016 | 6.0× | (7.55%) |
Quarterly newest first
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 14.5× | 26.35% |
| Mar 2026 | 11.4× | (14.07%) |
| Dec 2025 | 13.3× | (13.44%) |
| Sep 2025 | 15.4× | 30.57% |
| 42 more quarters | Free account |
Against its own ten years
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| DELL Dell Technologies Inc. compare | n/m |
| HPQ HP Inc. compare | n/m |
| SMCI Super Micro Computer, Inc. compare | 1.9× |
| LOGI Logitech International S.A. compare | 6.4× |
| SNDK Sandisk Corporation compare | 12.1× |
| WDC Western Digital Corporation compare | 13.0× |
| ANET Arista Networks, Inc. | 15.1× |
| P Everpure, Inc. compare | 26.8× |
| STX Seagate Technology Holdings PLC compare | 64.6× |
| Computer Hardware industry median | 2.0× |
| Technology sector median | 2.7× |
| Market median | 1.7× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on ANET
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement