Palo Alto Networks, Inc. PANW

374.74 (15.18) (3.89%) as of 25 Sep
Market cap
$316.8B
P/E
706×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

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

Against its own ten years

Low 0.0× High 465×
Ten-year median 67.9×
Current reading's percentile 93

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)

The full definition of EV/EBITDA →

More on PANW