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Palo Alto Networks, Inc. (PANW) EV/EBITDA Ratio: 120.73x

Is Palo Alto Networks, Inc.’s EV/EBITDA ratio high or low?

Palo Alto Networks, Inc.'s EV/EBITDA ratio of 120.73x is 66% below its 5-year average of 360.34x, near the low end of its 5-year range (44.16x–2621.36x).

The EV/EBITDA ratio for Palo Alto Networks, Inc. (PANW) is 120.73x as of Wednesday, June 10, 2026. It is above its 12-month average by 72.58% (69.96x).

PANW EV/EBITDA Ratio Chart

PANW EV/EBITDA Ratio
120.73x+45.97% 1Y
Zoom

PANW Average EV/EBITDA Ratio Chart

PANW Current vs Average EV/EBITDA Ratio Chart

PANW EV/EBITDA Ratio Metrics

EV/EBITDA RATIO

120.73x

EV/EBITDA RATIO AVG TTM

69.96x

EV/EBITDA RATIO AVG 3Y

90.25x

EV/EBITDA RATIO AVG 5Y

360.34x

EV/EBITDA RATIO AVG 10Y

352.24x

EV/EBITDA RATIO AVG 15Y

464.77x

EV/EBITDA RATIO AVG 20Y

464.77x

CURRENT VS TTM AVG

+72.58%

CURRENT VS 3Y AVG

+33.77%

CURRENT VS 5Y AVG

-66.50%

CURRENT VS 10Y AVG

-65.73%

CURRENT VS 15Y AVG

-74.02%

CURRENT VS 20Y AVG

-74.02%

PANW Competitors' EV/EBITDA Ratio

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Palo Alto Networks, Inc. (PANW)$179.39B120.73x69.96x90.25x360.34x
Seagate Technology Holdings plc (STX)$182.97B57.35x31.23x66.66x44.62x
Amphenol Corporation (APH)$184.89B26.26x28.89x25.45x23.09x
Western Digital Corporation (WDC)$168.93B34.51x23.06x21.93x13.99x
Arista Networks, Inc. (ANET)$191.09B45.21x46.43x40.46x37.57x
Analog Devices, Inc. (ADI)$191.81B32.21x29.65x24.30x23.82x
CrowdStrike Holdings, Inc. (CRWD)$164.89B487.92x1387.23x1329.96x1416.17x
QUALCOMM Incorporated (QCOM)$202.82B16.19x13.40x15.15x14.13x
Salesforce, Inc. (CRM)$141.00B14.75x18.69x24.45x34.76x
Shopify Inc. (SHOP)$140.41B87.37x115.08x142.21x105.90x

EV/EBITDA vs. its own history

At 120.7, EV/EBITDA is in its normal range — richer than 38% of its 14-year range.

14-year low

44.2

median

154.5

14-year high

4554.0

cheaperricher

Understanding EV/EBITDA

Enterprise Value (EV) = Market Cap + Total Debt - Cash

EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization

EV/EBITDA is commonly used for comparing companies because:

  • It accounts for debt levels (capital structure neutral)
  • It removes effects of different depreciation policies
  • It can be compared across countries with different tax rates
  • It can remain available when net income is negative, if EBITDA is positive

Palo Alto Networks, Inc. EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Palo Alto Networks, Inc. EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Palo Alto Networks, Inc. (PANW)?
The EV/EBITDA ratio for PANW stock is 120.73x.
Is Palo Alto Networks, Inc.'s EV/EBITDA ratio high or low?
Palo Alto Networks, Inc.'s EV/EBITDA ratio of 120.73x is 66% below its 5-year average of 360.34x, near the low end of its 5-year range (44.16x–2621.36x).
What is the TTM average EV/EBITDA ratio for Palo Alto Networks, Inc. (PANW)?
The TTM average EV/EBITDA ratio for PANW stock is 69.96x.
What is the 3Y average EV/EBITDA ratio for Palo Alto Networks, Inc. (PANW)?
The 3Y average EV/EBITDA ratio for PANW stock is 90.25x.
What is the 5Y average EV/EBITDA ratio for Palo Alto Networks, Inc. (PANW)?
The 5Y average EV/EBITDA ratio for PANW stock is 360.34x.
What is the 10Y average EV/EBITDA ratio for Palo Alto Networks, Inc. (PANW)?
The 10Y average EV/EBITDA ratio for PANW stock is 352.24x.
What is the 15Y average EV/EBITDA ratio for Palo Alto Networks, Inc. (PANW)?
The 15Y average EV/EBITDA ratio for PANW stock is 464.77x.
What is the 20Y average EV/EBITDA ratio for Palo Alto Networks, Inc. (PANW)?
The 20Y average EV/EBITDA ratio for PANW stock is 464.77x.

Palo Alto Networks, Inc. EV/EBITDA Ratio History

DATEEV/EBITDA RATIO
2026-06-10120.73x
2026-06-09119.49x
2026-06-08122.16x
2026-06-05124.78x
2026-06-04128.09x
2026-06-03128.63x
2026-06-02136.33x
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Showing the most recent 260 of 1,921 data points. The chart above shows the full history.

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