Palo Alto Networks, Inc. PANW
- Market cap
- $316.8B
- P/E
- 706×
Follow PANW
Palo Alto Networks, Inc. (PANW) EV/EBITDA
As of 25 September 2026, Palo Alto Networks, Inc. (PANW) trades at a EV/EBITDA of 129×. Over the past ten years it has ranged from 0.0× (July 2017) to 465× (October 2017); the current reading is higher than 93% of that period. That is above the Software Infrastructure industry median of 14.9× and above the Technology sector median of 15.7×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2026 | 114× | 112.23% |
| FY2025 | 53.9× | (25.46%) |
| FY2024 | 72.4× | 3.98% |
| FY2023 | 69.6× | (26.59%) |
| FY2022 | 94.8× | 10.83% |
| FY2021 | 85.5× | 40.23% |
| FY2020 | 61.0× | 13.63% |
| FY2019 | 53.7× | (44.92%) |
| FY2018 | 97.5× | (75.96%) |
| FY2017 | 405× | — |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jul 2026 | 114× | 75.67% |
| Apr 2026 | 65.2× | 24.87% |
| Jan 2026 | 52.2× | (23.28%) |
| Oct 2025 | 68.0× | 26.11% |
| 43 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| NET Cloudflare, Inc. compare | n/m |
| ORCL Oracle Corporation compare | 14.4× |
| CRWV CoreWeave Inc. compare | 19.8× |
| SNPS Synopsys, Inc. compare | 32.3× |
| FTNT Fortinet, Inc. compare | 42.1× |
| PANW Palo Alto Networks, Inc. | 129× |
| PLTR Palantir Technologies Inc. compare | 167× |
| CRWD CrowdStrike compare | 391× |
| NBIS Nebius Group N.V. compare | 472× |
| Software Infrastructure industry median | 14.9× |
| Technology sector median | 15.7× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on PANW
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- 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
- The full statement