Question 1

What is Arista Networks's P/S ratio?

Accepted Answer

Arista Networks (ANET) P/S ratio is 22.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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 P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Arista Networks?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Arista Networks specifically, the relevant sector benchmark is the current sector median of 5.8×.

Question 5

Is Arista Networks's P/S ratio high or low?

Accepted Answer

Arista Networks's P/S ratio of 22.9× is above its own 5-year average of 13.7× and above the sector median of 5.8×. 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 P/S ratio range?

Accepted Answer

In the available daily series, Arista Networks (ANET) P/S ratio has ranged from a low of 4.5× in 2016 to a high of 25.9× in 2025. The 5-year average is 13.7× and the 5-year median is 13.3×.

Question 7

What was Arista Networks's P/S ratio in 2025?

Accepted Answer

Arista Networks (ANET) P/S ratio at the end of 2025 was 18.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Arista Networks's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$9.01B	18.3×	-1.6×	Dec 31, 2025
2024	$139B	$7B	19.9×	+7.4×	Dec 31, 2024
2023	$73.4B	$5.86B	12.5×	+4.0×	Dec 31, 2023
2022	$37.2B	$4.38B	8.5×	-6.5×	Dec 31, 2022
2021	$44.2B	$2.95B	15.0×	+5.5×	Dec 31, 2021
2020	$22B	$2.32B	9.5×	+3.1×	Dec 31, 2020
2019	$15.5B	$2.41B	6.4×	-1.0×	Dec 31, 2019
2018	$15.9B	$2.15B	7.4×	-3.1×	Dec 31, 2018
2017	$17.3B	$1.65B	10.5×	+4.5×	Dec 31, 2017
2016	$6.77B	$1.13B	6.0×	-0.2×	Dec 31, 2016
2015	$5.23B	$838M	6.2×	-0.3×	Dec 31, 2015
2014	$3.84B	$584M	6.6×	-5.1×	Dec 31, 2014
2013	$4.2B	$361M	11.6×	—	Dec 31, 2013


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Accenture (ACN)	1.6×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Optical Cable (OCC)	1.2×
Leidos Holdings (LDOS)	1.2×
Jabil (JBL)	1.1×
Dell Technologies (DELL)	1.0×
Sunrun (RUN)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Flex (FLEX)	0.9×
Lyft (LYFT)	0.8×
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Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×
IBM (IBM)	0.0×

P/S Ratio for Arista Networks (ANET) 2013-2026

P/S Ratio daily chart for Arista Networks (ANET)

Historical P/S Ratio for Arista Networks (ANET) from 2013 to 2025

About P/S Ratio at Arista Networks (ANET)

Arista Networks P/S Ratio by Year

Arista Networks P/S Ratio 2025: 18.3×

Arista Networks P/S Ratio 2024: 19.9×

Arista Networks P/S Ratio 2023: 12.5×

Arista Networks P/S Ratio 2022: 8.5×

Arista Networks P/S Ratio 2021: 15.0×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Arista Networks (ANET) Key Financials