Palo Alto Networks, Inc. PANW

374.74 (15.18) (3.89%) as of 25 Sep
Market cap
$316.8B
P/E
706×
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Palo Alto Networks, Inc. (PANW) EV/Sales

As of 25 September 2026, Palo Alto Networks, Inc. (PANW) trades at a EV/Sales of 24.3×. Over the past ten years it has ranged from 3.7× (March 2020) to 26.9× (July 2026); the current reading is higher than 99% of that period. That is above the Software Infrastructure industry median of 3.0× and above the Technology sector median of 2.9×.

EV/Sales, daily

Annual

Period EV/Sales Change
FY2026 21.6× 76.09%
FY2025 12.2× (3.93%)
FY2024 12.7× 16.04%
FY2023 11.0× 19.98%
FY2022 9.2× 0.11%
FY2021 9.1× 28.78%
FY2020 7.1× 1.91%
FY2019 7.0× (5.15%)
FY2018 7.3× 11.17%
FY2017 6.6× (16.51%)

Quarterly

Period EV/Sales Change
Jul 2026 21.6× 61.10%
Apr 2026 13.4× 10.63%
Jan 2026 12.1× (20.86%)
Oct 2025 15.3× 24.83%
43 more quarters

Against its own ten years

Low 3.7× High 26.9×
Ten-year median 9.6×
Current reading's percentile 99

EV/Sales against peers

Company EV/Sales
ORCL Oracle Corporation compare 6.8×
SNPS Synopsys, Inc. compare 9.3×
CRWV CoreWeave Inc. compare 10.2×
FTNT Fortinet, Inc. compare 16.5×
PANW Palo Alto Networks, Inc. 24.3×
CRWD CrowdStrike compare 46.8×
NET Cloudflare, Inc. compare 48.3×
NBIS Nebius Group N.V. compare 49.5×
PLTR Palantir Technologies Inc. compare 72.4×
Software Infrastructure industry median 3.0×
Technology sector median 2.9×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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