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Palo Alto Networks, Inc. (PANW) Enterprise Value (EV): $188.23B

The enterprise value (EV) for Palo Alto Networks, Inc. (PANW) is $188.23B as of Friday, June 12, 2026.

PANW Enterprise Value (EV) Metrics

ENTERPRISE VALUE (EV)

$188.23B

PANW Competitors' Enterprise Value (EV)

NAMEMARKET CAPENTERPRISE VALUE (EV)
Palo Alto Networks, Inc. (PANW)$190.50B$188.23B
Amphenol Corporation (APH)$187.56B$169.00B
Seagate Technology Holdings plc (STX)$194.65B$34.09B
Western Digital Corporation (WDC)$182.44B$24.93B
Analog Devices, Inc. (ADI)$200.74B$121.91B
CrowdStrike Holdings, Inc. (CRWD)$176.04B$107.08B
Arista Networks, Inc. (ANET)$207.46B$162.87B
QUALCOMM Incorporated (QCOM)$213.92B$189.70B
Shopify Inc. (SHOP)$143.35B$207.75B
Uber Technologies, Inc. (UBER)$141.58B$175.36B

Enterprise Value Calculation

Market Cap

$190.50B

+

Total Debt

$0.00

Cash

$2.27B

=

Enterprise Value

$188.23B

EV-Based Valuation Multiples

Why use EV instead of Market Cap?

  • EV accounts for debt - an acquirer must pay or assume it
  • EV deducts cash - the acquirer effectively receives it
  • EV enables fair comparison of companies with different capital structures
  • EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral

Palo Alto Networks, Inc. Enterprise Value (EV) Formula & Definition

Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Palo Alto Networks, Inc. Enterprise Value (EV) FAQ

What is the enterprise value (EV) for Palo Alto Networks, Inc. (PANW)?
The enterprise value (EV) for PANW stock is $188.23B.

About Palo Alto Networks, Inc.

Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls. It also offers Panorama, a sophisticated security management platform designed for centralized control of these firewall deployments, whether they are physical appliances, virtual instances, or situated in public or private cloud environments. Additionally, the firm provides virtual system upgrades to enhance the capacity of its physical firewall units. Complementing its core products, Palo Alto Networks delivers an extensive range of subscription services. These encompass robust threat prevention, protection against malware and advanced persistent threats, URL filtering, and security for both laptop and mobile devices. Further specialized subscriptions include DNS security, Internet of Things (IoT) security, SaaS security (via API and inline methods), threat intelligence, and data loss prevention. Beyond its product and subscription offerings, the company extends various expert services, such as cloud security, secure access solutions, security analytics and automation tools, and specialized cybersecurity consulting, often integrated with threat intelligence. Its professional services cover critical areas like architectural design and planning, system implementation, configuration, and seamless firewall migration. Educational resources, including certifications and both online and in-classroom training, are also available, alongside comprehensive support services. Palo Alto Networks distributes its security solutions both directly and through an extensive network of channel partners. Its diverse clientele primarily comprises medium to large-scale enterprises, service providers, and governmental organizations across a wide array of industries. These sectors include education, energy, financial services, healthcare, internet and media, manufacturing, the broader public sector, and telecommunications. Established in 2005, Palo Alto Networks maintains its corporate headquarters in Santa Clara, California.

Santa Clara, CA
15,758 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Nikesh Arora