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Friday 6 November 2026 Export ANET’s income statement to Excel — free account

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.

Revenue
+58.5%
EPS
+81.8%
Free cash flow
−11.1%

Quarter to September 2026, against a year earlier

169.35 10.19 +6.40%
Market cap
$200.7B
P/E
42.8×
Fwd P/E
44.3×
Dividend yield
—
F-score
4/9
Altman Z
16.45
Beneish M
−2.24
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Arista Networks, Inc. (ANET) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Arista Networks, Inc. (ANET) trades at a P/B ratio of 12.4×. Over the past ten years it has ranged from 4.1× (March 2020) to 17.9× (August 2026); the current reading is higher than 82% of that period. That is above the Computer Hardware industry median of 1.6× and above the Technology sector median of 2.5×.

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
Sep 2026 15.6× 8.01%
Jun 2026 14.5× 26.35%
Mar 2026 11.4× (14.07%)
Dec 2025 13.3× (13.44%)
43 more quarters

Against its own ten years

Low 4.1× High 17.9×
Ten-year median 8.7×
Current reading's percentile 81

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 1.5×
LOGI Logitech International S.A. compare 6.5×
SNDK Sandisk Corporation compare 6.6×
WDC Western Digital Corporation compare 10.6×
ANET Arista Networks, Inc. 12.4×
P Everpure, Inc. compare 20.5×
STX Seagate Technology Holdings PLC compare 31.0×
Computer Hardware industry median 1.6×
Technology sector median 2.5×
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))

The full definition of P/B ratio →

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