Question 1

What is Arista Networks's EV/EBITDA ratio?

Accepted Answer

Arista Networks (ANET) EV/EBITDA ratio is 45.3× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Arista Networks?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Arista Networks specifically, the relevant sector benchmark is the current sector median of 20.3×.

Question 5

Is Arista Networks's EV/EBITDA ratio high or low?

Accepted Answer

Arista Networks's EV/EBITDA ratio of 45.3× is above its own 5-year average of 30.1× and above the sector median of 20.3×. That places the current reading at the 95th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Arista Networks's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Arista Networks (ANET) EV/EBITDA ratio has ranged from a low of 15.4× in 2019 to a high of 82.8× in 2018. The 5-year average is 30.1× and the 5-year median is 29.0×.

Question 7

What was Arista Networks's EV/EBITDA ratio in 2025?

Accepted Answer

Arista Networks (ANET) EV/EBITDA ratio at the end of 2025 was 35.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Arista Networks's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$165B	$4.32B	35.6×	-3.7×	Dec 31, 2025
2024	$139B	$3.33B	39.4×	+11.9×	Dec 31, 2024
2023	$73.4B	$2.49B	27.4×	+6.7×	Dec 31, 2023
2022	$37.2B	$1.64B	20.8×	-20.9×	Dec 31, 2022
2021	$44.2B	$980M	41.7×	+17.1×	Dec 31, 2021
2020	$22B	$783M	24.6×	+9.2×	Dec 31, 2020
2019	$15.5B	$839M	15.4×	-28.4×	Dec 31, 2019
2018	$15.9B	$319M	43.8×	+12.2×	Dec 31, 2018
2017	$17.3B	$498M	31.7×	+9.2×	Dec 31, 2017
2016	$6.77B	$265M	22.4×	-5.7×	Dec 31, 2016
2015	$5.23B	$163M	28.2×	+3.2×	Dec 31, 2015
2014	$3.84B	$138M	24.9×	-35.1×	Dec 31, 2014
2013	$4.2B	$70.4M	60.0×	—	Dec 31, 2013


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EV/EBITDA for Arista Networks (ANET) 2013-2026

EV/EBITDA daily chart for Arista Networks (ANET)

Historical EV/EBITDA for Arista Networks (ANET) from 2013 to 2025

About EV/EBITDA at Arista Networks (ANET)

Arista Networks EV/EBITDA by Year

Arista Networks EV/EBITDA 2025: 35.6×

Arista Networks EV/EBITDA 2024: 39.4×

Arista Networks EV/EBITDA 2023: 27.4×

Arista Networks EV/EBITDA 2022: 20.8×

Arista Networks EV/EBITDA 2021: 41.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Arista Networks (ANET) Key Financials