Palo Alto Networks, Inc. PANW
- 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 | Free account |
Against its own ten years
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)
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/EBITDA
- 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