Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 22.83x is 49% above its estimated 5-year average of 15.31x, near the high end of its estimated 5-year range (8.44x–25.63x).
As of 2026-09-09T20:00:03.000Z. 8.19% above its estimated 12-month average of 21.10x.
Quote observation: 2026-09-09T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8823469332c0e9d03c310753c23fa542f6a8f83f80d70a1011fafc3fa5ab8ce9
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-09.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/SALES RATIO
22.83x
EV/SALES RATIO AVG TTM
21.10x
EV/SALES RATIO AVG 3Y
17.97x
EV/SALES RATIO AVG 5Y
15.31x
EV/SALES RATIO AVG 10Y
12.00x
EV/SALES RATIO AVG 15Y
N/A
EV/SALES RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+8.19%
CURRENT VS 3Y AVG
+27.06%
CURRENT VS 5Y AVG
+49.11%
CURRENT VS 10Y AVG
+90.28%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.61x
median of 189 covered companies
CURRENT VS SECTOR MEDIAN
+245.39%
vs the sector median at left
Arista Networks, Inc.
Market Cap
$242.93B
EV/Sales Ratio
22.83x
TTM Avg
21.10x
3Y Avg
17.97x
5Y Avg
15.31x
Market Cap
$238.93B
EV/Sales Ratio
17.93x
TTM Avg
16.73x
3Y Avg
12.02x
5Y Avg
9.86x
Market Cap
$238.90B
EV/Sales Ratio
12.81x
TTM Avg
12.15x
3Y Avg
11.22x
5Y Avg
10.25x
Market Cap
$226.06B
EV/Sales Ratio
4.11x
TTM Avg
4.64x
3Y Avg
4.15x
5Y Avg
3.61x
Market Cap
$261.26B
EV/Sales Ratio
12.69x
TTM Avg
12.95x
3Y Avg
12.11x
5Y Avg
12.11x
Market Cap
$273.11B
EV/Sales Ratio
23.79x
TTM Avg
16.40x
3Y Avg
15.36x
5Y Avg
13.64x
Market Cap
$211.59B
EV/Sales Ratio
38.43x
TTM Avg
29.02x
3Y Avg
24.98x
5Y Avg
24.69x
Market Cap
$205.81B
EV/Sales Ratio
21.92x
TTM Avg
15.11x
3Y Avg
13.00x
5Y Avg
12.17x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arista Networks, Inc. (ANET) | $242.93B | 22.83x | 21.10x | 17.97x | 15.31x |
| SAP SE (SAP)vs › | $243.69B | 5.48x | 5.76x | 6.77x | 5.87x |
| KLA Corporation (KLAC)vs › | $238.93B | 17.93x | 16.73x | 12.02x | 9.86x |
| Texas Instruments Incorporated (TXN)vs › | $238.90B | 12.81x | 12.15x | 11.22x | 10.25x |
| International Business Machines Corporation (IBM)vs › | $226.06B | 4.11x | 4.64x | 4.15x | 3.61x |
| Sandisk Corporation (SNDK)vs › | $261.26B | 12.69x | 12.95x | 12.11x | 12.11x |
| Palo Alto Networks, Inc. (PANW)vs › | $273.11B | 23.79x | 16.40x | 15.36x | 13.64x |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $211.59B | 38.43x | 29.02x | 24.98x | 24.69x |
| Marvell Technology, Inc. (MRVL)vs › | $205.81B | 21.92x | 15.11x | 13.00x | 12.17x |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $282.20B | 54.23x | 43.56x | 39.29x | 39.29x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-09 | 23.12x |
| 2026-09-08 | 23.36x |
| 2026-09-04 | 23.22x |
| 2026-09-03 | 22.94x |
| 2026-09-02 | 22.29x |
| 2026-09-01 | 22.67x |
| 2026-08-31 | 23.45x |
| 2026-08-28 | 23.41x |
| 2026-08-27 | 24.10x |
| 2026-08-26 | 24.24x |
| 2026-08-25 | 22.88x |
| 2026-08-24 | 22.54x |
| 2026-08-21 | 22.60x |
| 2026-08-20 | 22.01x |
| 2026-08-19 | 22.33x |
| 2026-08-18 | 23.15x |
| 2026-08-17 | 24.19x |
| 2026-08-14 | 23.83x |
| 2026-08-13 | 24.41x |
| 2026-08-12 | 25.24x |
| 2026-08-11 | 23.71x |
| 2026-08-10 | 22.95x |
| 2026-08-07 | 22.60x |
| 2026-08-06 | 23.04x |
| 2026-08-05 | 23.65x |
| 2026-08-04 | 24.70x |
| 2026-08-03 | 23.97x |
| 2026-07-31 | 23.37x |
| 2026-07-30 | 22.15x |
| 2026-07-29 | 20.44x |
| 2026-07-28 | 21.98x |
| 2026-07-27 | 22.11x |
| 2026-07-24 | 22.54x |
| 2026-07-23 | 22.88x |
| 2026-07-22 | 22.65x |
| 2026-07-21 | 22.62x |
| 2026-07-20 | 21.93x |
| 2026-07-17 | 21.83x |
| 2026-07-16 | 21.83x |
| 2026-07-15 | 22.27x |
| 2026-07-14 | 23.66x |
| 2026-07-13 | 23.48x |
| 2026-07-10 | 24.24x |
| 2026-07-09 | 23.94x |
| 2026-07-08 | 23.46x |
| 2026-07-07 | 21.55x |
| 2026-07-06 | 22.44x |
| 2026-07-02 | 20.70x |
| 2026-07-01 | 21.57x |
| 2026-06-30 | 22.00x |
| 2026-06-29 | 21.24x |
| 2026-06-26 | 20.39x |
| 2026-06-25 | 21.42x |
| 2026-06-24 | 20.93x |
| 2026-06-23 | 20.99x |
| 2026-06-22 | 22.61x |
| 2026-06-18 | 21.97x |
| 2026-06-17 | 21.35x |
| 2026-06-16 | 21.75x |
| 2026-06-15 | 21.89x |
| 2026-06-12 | 21.13x |
| 2026-06-11 | 20.23x |
| 2026-06-10 | 19.62x |
| 2026-06-09 | 19.67x |
| 2026-06-08 | 20.23x |
| 2026-06-05 | 19.95x |
| 2026-06-04 | 21.49x |
| 2026-06-03 | 22.59x |
| 2026-06-02 | 22.71x |
| 2026-06-01 | 22.10x |
| 2026-05-29 | 20.63x |
| 2026-05-28 | 20.08x |
| 2026-05-27 | 19.96x |
| 2026-05-26 | 20.44x |
| 2026-05-22 | 19.92x |
| 2026-05-21 | 19.21x |
| 2026-05-20 | 18.14x |
| 2026-05-19 | 18.29x |
| 2026-05-18 | 18.30x |
| 2026-05-15 | 18.34x |
| 2026-05-14 | 19.10x |
| 2026-05-13 | 18.17x |
| 2026-05-12 | 18.41x |
| 2026-05-11 | 17.61x |
| 2026-05-08 | 18.31x |
| 2026-05-07 | 18.31x |
| 2026-05-06 | 19.00x |
| 2026-05-05 | 23.90x |
| 2026-05-04 | 24.24x |
| 2026-05-01 | 24.25x |
| 2026-04-30 | 24.25x |
| 2026-04-29 | 23.68x |
| 2026-04-28 | 23.20x |
| 2026-04-27 | 24.22x |
| 2026-04-24 | 24.84x |
| 2026-04-23 | 24.23x |
| 2026-04-22 | 24.96x |
| 2026-04-21 | 24.27x |
| 2026-04-20 | 23.42x |
| 2026-04-17 | 23.05x |
| 2026-04-16 | 22.59x |
| 2026-04-15 | 21.65x |
| 2026-04-14 | 21.65x |
| 2026-04-13 | 21.32x |
| 2026-04-10 | 20.66x |
| 2026-04-09 | 20.47x |
| 2026-04-08 | 20.33x |
| 2026-04-07 | 18.71x |
| 2026-04-06 | 17.67x |
| 2026-04-02 | 17.73x |
| 2026-04-01 | 17.47x |
| 2026-03-31 | 17.18x |
| 2026-03-30 | 16.23x |
| 2026-03-27 | 16.89x |
| 2026-03-26 | 17.14x |
| 2026-03-25 | 18.91x |
| 2026-03-24 | 18.31x |
| 2026-03-23 | 19.03x |
| 2026-03-20 | 18.37x |
| 2026-03-19 | 19.09x |
| 2026-03-18 | 19.06x |
| 2026-03-17 | 18.63x |
| 2026-03-16 | 18.96x |
| 2026-03-13 | 18.70x |
| 2026-03-12 | 18.77x |
| 2026-03-11 | 19.36x |
| 2026-03-10 | 19.56x |
| 2026-03-09 | 19.21x |
| 2026-03-06 | 18.61x |
| 2026-03-05 | 19.53x |
| 2026-03-04 | 18.88x |
| 2026-03-03 | 17.43x |
| 2026-03-02 | 18.10x |
| 2026-02-27 | 18.69x |
| 2026-02-26 | 18.23x |
| 2026-02-25 | 18.61x |
| 2026-02-24 | 18.02x |
| 2026-02-23 | 17.83x |
| 2026-02-20 | 18.59x |
| 2026-02-19 | 19.22x |
| 2026-02-18 | 19.55x |
| 2026-02-17 | 19.98x |
| 2026-02-13 | 21.12x |
| 2026-02-12 | 20.14x |
| 2026-02-11 | 20.98x |
| 2026-02-10 | 21.40x |
| 2026-02-09 | 21.14x |
| 2026-02-06 | 20.50x |
| 2026-02-05 | 19.17x |
| 2026-02-04 | 19.41x |
| 2026-02-03 | 20.79x |
| 2026-02-02 | 20.63x |
| 2026-01-30 | 21.14x |
| 2026-01-29 | 22.11x |
| 2026-01-28 | 22.41x |
| 2026-01-27 | 21.89x |
| 2026-01-26 | 21.44x |
| 2026-01-23 | 20.33x |
| 2026-01-22 | 20.64x |
| 2026-01-21 | 18.96x |
| 2026-01-20 | 18.99x |
| 2026-01-16 | 19.34x |
| 2026-01-15 | 19.46x |
| 2026-01-14 | 18.63x |
| 2026-01-13 | 19.36x |
| 2026-01-12 | 18.37x |
| 2026-01-09 | 18.29x |
| 2026-01-08 | 18.42x |
| 2026-01-07 | 19.38x |
| 2026-01-06 | 19.76x |
| 2026-01-05 | 20.45x |
| 2026-01-02 | 19.91x |
| 2025-12-31 | 19.52x |
| 2025-12-30 | 19.74x |
| 2025-12-29 | 20.00x |
| 2025-12-26 | 19.65x |
| 2025-12-24 | 19.48x |
| 2025-12-23 | 19.57x |
| 2025-12-22 | 19.48x |
| 2025-12-19 | 19.54x |
| 2025-12-18 | 18.56x |
| 2025-12-17 | 18.21x |
| 2025-12-16 | 18.78x |
| 2025-12-15 | 18.75x |
| 2025-12-12 | 18.58x |
| 2025-12-11 | 20.03x |
| 2025-12-10 | 19.73x |
| 2025-12-09 | 19.37x |
| 2025-12-08 | 19.23x |
| 2025-12-05 | 19.16x |
| 2025-12-04 | 19.15x |
| 2025-12-03 | 19.04x |
| 2025-12-02 | 18.95x |
| 2025-12-01 | 19.08x |
| 2025-11-28 | 19.47x |
| 2025-11-26 | 19.01x |
| 2025-11-25 | 18.62x |
| 2025-11-24 | 18.19x |
| 2025-11-21 | 17.47x |
| 2025-11-20 | 17.80x |
| 2025-11-19 | 18.58x |
| 2025-11-18 | 18.38x |
| 2025-11-17 | 18.95x |
| 2025-11-14 | 19.58x |
| 2025-11-13 | 19.41x |
| 2025-11-12 | 20.12x |
| 2025-11-11 | 20.11x |
| 2025-11-10 | 20.47x |
| 2025-11-07 | 20.07x |
| 2025-11-06 | 19.98x |
| 2025-11-05 | 20.94x |
| 2025-11-04 | 24.27x |
| 2025-11-03 | 24.92x |
| 2025-10-31 | 24.93x |
| 2025-10-30 | 25.05x |
| 2025-10-29 | 25.63x |
| 2025-10-28 | 24.78x |
| 2025-10-27 | 24.79x |
| 2025-10-24 | 24.31x |
| 2025-10-23 | 24.14x |
| 2025-10-22 | 23.16x |
| 2025-10-21 | 23.05x |
| 2025-10-20 | 23.14x |
| 2025-10-17 | 22.60x |
| 2025-10-16 | 23.06x |
| 2025-10-15 | 22.64x |
| 2025-10-14 | 21.91x |
| 2025-10-13 | 23.29x |
| 2025-10-10 | 24.36x |
| 2025-10-09 | 25.02x |
| 2025-10-08 | 24.88x |
| 2025-10-07 | 22.95x |
| 2025-10-06 | 23.62x |
| 2025-10-03 | 22.98x |
| 2025-10-02 | 22.82x |
| 2025-10-01 | 23.59x |
| 2025-09-30 | 23.02x |
| 2025-09-29 | 22.64x |
| 2025-09-26 | 22.50x |
| 2025-09-25 | 22.59x |
| 2025-09-24 | 22.53x |
| 2025-09-23 | 22.76x |
| 2025-09-22 | 22.97x |
| 2025-09-19 | 23.64x |
| 2025-09-18 | 23.17x |
| 2025-09-17 | 22.56x |
| 2025-09-16 | 22.45x |
| 2025-09-15 | 22.97x |
| 2025-09-12 | 22.01x |
| 2025-09-11 | 24.19x |
| 2025-09-10 | 23.82x |
| 2025-09-09 | 22.41x |
| 2025-09-08 | 22.10x |
| 2025-09-05 | 22.56x |
| 2025-09-04 | 22.29x |
| 2025-09-03 | 21.68x |
| 2025-09-02 | 21.44x |
| 2025-08-29 | 21.55x |
| 2025-08-28 | 21.50x |
| 2025-08-27 | 21.03x |
Showing the most recent 260 of 3,083 data points. The chart above shows the full history.
