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/S ratio

As of 25 September 2026, Palo Alto Networks, Inc. (PANW) trades at a P/S ratio of 24.4×. Over the past ten years it has ranged from 4.2× (March 2020) to 27.1× (July 2026); the current reading is higher than 99% of that period. That is above the Software Infrastructure industry median of 3.1× and above the Technology sector median of 2.9×.

P/S ratio, daily

Annual

Period P/S ratio Change
FY2026 21.6× 73.45%
FY2025 12.5× (3.28%)
FY2024 12.9× 17.37%
FY2023 11.0× 20.93%
FY2022 9.1× 0.31%
FY2021 9.1× 24.59%
FY2020 7.3× (1.47%)
FY2019 7.4× (7.65%)
FY2018 8.0× 17.55%
FY2017 6.8× (16.20%)

Quarterly

Period P/S ratio Change
Jul 2026 21.6× 59.86%
Apr 2026 13.5× 8.49%
Jan 2026 12.5× (20.23%)
Oct 2025 15.6× 25.37%
43 more quarters

Against its own ten years

Low 4.2× High 27.1×
Ten-year median 9.5×
Current reading's percentile 99

P/S ratio against peers

Company P/S ratio
ORCL Oracle Corporation compare 5.7×
CRWV CoreWeave Inc. compare 6.3×
SNPS Synopsys, Inc. compare 8.7×
FTNT Fortinet, Inc. compare 16.9×
PANW Palo Alto Networks, Inc. 24.4×
CRWD CrowdStrike compare 47.6×
NBIS Nebius Group N.V. compare 49.1×
NET Cloudflare, Inc. compare 49.2×
PLTR Palantir Technologies Inc. compare 73.9×
Software Infrastructure industry median 3.1×
Technology sector median 2.9×
Market median 2.0×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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