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) P/B ratio
As of 25 September 2026, Palo Alto Networks, Inc. (PANW) trades at a P/B ratio of 10.2×. Over the past ten years it has ranged from 5.2× (April 2026) to 524× (April 2022); the current reading is higher than 3% of that period. That is above the Software Infrastructure industry median of 3.4× and above the Technology sector median of 3.0×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2026 | 9.0× | (38.54%) |
| FY2025 | 14.7× | (26.59%) |
| FY2024 | 20.0× | (53.77%) |
| FY2023 | 43.3× | (81.80%) |
| FY2022 | 238× | 291.77% |
| FY2021 | 60.8× | 170.15% |
| FY2020 | 22.5× | 66.75% |
| FY2019 | 13.5× | (13.85%) |
| FY2018 | 15.7× | (0.31%) |
| FY2017 | 15.7× | 25.69% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jul 2026 | 9.0× | 74.14% |
| Apr 2026 | 5.2× | (60.51%) |
| Jan 2026 | 13.1× | (23.82%) |
| Oct 2025 | 17.3× | 17.32% |
| 43 more quarters | Free account |
Against its own ten years
Low 5.2×
High 524×
Ten-year median
21.4×
Current reading's percentile
3
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| SNPS Synopsys, Inc. compare | 2.6× |
| NBIS Nebius Group N.V. compare | 6.4× |
| ORCL Oracle Corporation compare | 6.5× |
| CRWV CoreWeave Inc. compare | 9.6× |
| PANW Palo Alto Networks, Inc. | 10.2× |
| PLTR Palantir Technologies Inc. compare | 46.0× |
| CRWD CrowdStrike compare | 50.0× |
| NET Cloudflare, Inc. compare | 76.3× |
| FTNT Fortinet, Inc. compare | 82.0× |
| Software Infrastructure industry median | 3.4× |
| Technology sector median | 3.0× |
| Market median | 1.8× |
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))
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
- Price to free cash flow
- EV/EBITDA
- 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