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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Growth Flags show if company had growth for consecutive years,
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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

Against its own ten years

Low 14.4× High 84.6×
Ten-year median 28.2×
Current reading's percentile 98

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)))

The full definition of Price to free cash flow →

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