Question 1

What is Palo Alto Networks's P/E ratio?

Accepted Answer

Palo Alto Networks (PANW) P/E ratio is 296.0× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Palo Alto Networks?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Palo Alto Networks specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

Is Palo Alto Networks's P/E ratio high or low?

Accepted Answer

Palo Alto Networks's P/E ratio of 296.0× is above its own 5-year average of 200.9× and above the sector median of 29.4×. That places the current reading at the 83th 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 Palo Alto Networks's historical P/E ratio range?

Accepted Answer

In the available daily series, Palo Alto Networks (PANW) P/E ratio has ranged from a low of 41.1× in 2024 to a high of 5170.0× in 2012. The 5-year average is 200.9× and the 5-year median is 101.4×.

Question 7

What was Palo Alto Networks's P/E ratio in 2025?

Accepted Answer

Palo Alto Networks (PANW) P/E ratio at the end of 2025 was 102.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Palo Alto Networks's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$116B	$1.13B	102.5×	+57.9×	Jul 31, 2025
2024	$115B	$2.58B	44.6×	-129.9×	Jul 31, 2024
2023	$76.7B	$440M	174.5×	—	Jul 31, 2023
2022	$56.9B	-$267M	—	—	Jul 31, 2022
2021	$38.8B	-$499M	—	—	Jul 31, 2021
2020	$24.6B	-$267M	—	—	Jul 31, 2020
2019	$21.7B	-$81.9M	—	—	Jul 31, 2019
2018	$18.4B	-$148M	—	—	Jul 31, 2018
2017	$12B	-$222M	—	—	Jul 31, 2017
2016	$11.4B	-$226M	—	—	Jul 31, 2016
2015	$15.6B	-$165M	—	—	Jul 31, 2015
2014	$6.29B	-$219M	—	—	Jul 31, 2014
2013	$3.47B	-$29.2M	—	—	Jul 31, 2013
2012	$3.81B	$737K	5170.0×	—	Jul 31, 2012


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for Palo Alto Networks (PANW) 2012-2026

P/E Ratio daily chart for Palo Alto Networks (PANW)

Historical P/E Ratio for Palo Alto Networks (PANW) from 2012 to 2025

About P/E Ratio at Palo Alto Networks (PANW)

Palo Alto Networks P/E Ratio by Year

Palo Alto Networks P/E Ratio 2025: 102.5×

Palo Alto Networks P/E Ratio 2024: 44.6×

Palo Alto Networks P/E Ratio 2023: 174.5×

Palo Alto Networks P/E Ratio 2012: 5170.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Palo Alto Networks (PANW) Key Financials