Palo Alto Networks, Inc. PANW
- Market cap
- $316.8B
- P/E
- 706×
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Palo Alto Networks, Inc. (PANW) Price to free cash flow
As of 25 September 2026, Palo Alto Networks, Inc. (PANW) trades at a price to free cash flow of 68.2×. Over the past ten years it has ranged from 14.4× (May 2017) to 84.6× (January 2015); the current reading is higher than 98% of that period. That is above the Software Infrastructure industry median of 17.1× and above the Technology sector median of 19.8×.
Price to free cash flow, daily
Annual
| Period | Price to free cash flow | Change |
|---|---|---|
| FY2026 | 60.4× | 82.13% |
| FY2025 | 33.2× | (0.68%) |
| FY2024 | 33.4× | 15.98% |
| FY2023 | 28.8× | 3.18% |
| FY2022 | 27.9× | 0.37% |
| FY2021 | 27.8× | (7.88%) |
| FY2020 | 30.2× | 30.36% |
| FY2019 | 23.2× | 17.99% |
| FY2018 | 19.6× | 15.99% |
| FY2017 | 16.9× | (11.35%) |
Quarterly
| Period | Price to free cash flow | Change |
|---|---|---|
| Jul 2026 | 60.4× | 59.57% |
| Apr 2026 | 37.9× | 9.32% |
| Jan 2026 | 34.6× | (14.52%) |
| Oct 2025 | 40.5× | 22.15% |
| 43 more quarters | Free account |
Against its own ten years
Price to free cash flow against peers
| Company | Price to free cash flow |
|---|---|
| NBIS Nebius Group N.V. compare | n/m |
| ORCL Oracle Corporation compare | n/m |
| CRWV CoreWeave Inc. compare | n/m |
| SNPS Synopsys, Inc. compare | 29.7× |
| FTNT Fortinet, Inc. compare | 40.8× |
| PANW Palo Alto Networks, Inc. | 68.2× |
| PLTR Palantir Technologies Inc. compare | 136× |
| CRWD CrowdStrike compare | 170× |
| NET Cloudflare, Inc. compare | 393× |
| Software Infrastructure industry median | 17.1× |
| Technology sector median | 19.8× |
| Market median | 14.0× |
What Price to free cash flow is
Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.
Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (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
- P/B ratio
- 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