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Palo Alto Networks, Inc. (PANW) EV/FCF Ratio: 45.07x

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

Palo Alto Networks, Inc.'s EV/FCF ratio of 45.07x is 29% above its 5-year average of 35.03x, near the high end of its 5-year range (19.43x–51.76x).

The EV/FCF ratio for Palo Alto Networks, Inc. (PANW) is 45.07x as of Wednesday, June 10, 2026. It is above its 12-month average by 23.06% (36.63x).

PANW EV/FCF Ratio Chart

PANW EV/FCF Ratio
45.07x-1.51% 1Y
Zoom

PANW Average EV/FCF Ratio Chart

PANW Current vs Average EV/FCF Ratio Chart

PANW EV/FCF Ratio Metrics

EV/FCF RATIO

45.07x

EV/FCF RATIO AVG TTM

36.63x

EV/FCF RATIO AVG 3Y

37.64x

EV/FCF RATIO AVG 5Y

35.03x

EV/FCF RATIO AVG 10Y

28.84x

EV/FCF RATIO AVG 15Y

37.55x

EV/FCF RATIO AVG 20Y

37.55x

CURRENT VS TTM AVG

+23.06%

CURRENT VS 3Y AVG

+19.75%

CURRENT VS 5Y AVG

+28.68%

CURRENT VS 10Y AVG

+56.29%

CURRENT VS 15Y AVG

+20.04%

CURRENT VS 20Y AVG

+20.04%

PANW Competitors' EV/FCF Ratio

NAMEMARKET CAPEV/FCF RATIOTTM3Y5Y
Palo Alto Networks, Inc. (PANW)45.07x36.63x37.64x35.03x
Western Digital Corporation (WDC)$178.45B66.90x41.54x75.93x64.27x
Seagate Technology Holdings plc (STX)$189.70B74.73x56.86x45.78x35.45x
CrowdStrike Holdings, Inc. (CRWD)$164.18B111.96x105.22x82.71x87.54x
Analog Devices, Inc. (ADI)$197.09B44.84x37.02x34.26x31.76x
Salesforce, Inc. (CRM)$143.61B12.66x17.05x23.63x28.89x
Shopify Inc. (SHOP)$143.29B66.85x93.02x145.73x221.17x
Uber Technologies, Inc. (UBER)$143.27B15.58x21.03x36.53x56.22x
QUALCOMM Incorporated (QCOM)$216.51B18.40x15.23x16.71x18.78x
Marvell Technology, Inc. (MRVL)$233.47B144.11x60.10x59.38x66.58x

Cash Flow Valuation Comparison

EV/FCF

45.1x

P/FCF

45.1x

FCF Yield

2.22%

Formula: EV/FCF = Enterprise Value / Free Cash Flow

EV/FCF vs P/FCF:

  • EV/FCF accounts for debt and cash through enterprise value
  • P/FCF only considers equity value
  • EV/FCF can be compared across companies with different debt levels
  • Both measure how the market values cash generation

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

EV/FCF = Enterprise Value / Free Cash Flow (TTM)

Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Palo Alto Networks, Inc. EV/FCF Ratio FAQ

What is the EV/FCF ratio for Palo Alto Networks, Inc. (PANW)?
The EV/FCF ratio for PANW stock is 45.07x.
Is Palo Alto Networks, Inc.'s EV/FCF ratio high or low?
Palo Alto Networks, Inc.'s EV/FCF ratio of 45.07x is 29% above its 5-year average of 35.03x, near the high end of its 5-year range (19.43x–51.76x).
What is the TTM average EV/FCF ratio for Palo Alto Networks, Inc. (PANW)?
The TTM average EV/FCF ratio for PANW stock is 36.63x.
What is the 3Y average EV/FCF ratio for Palo Alto Networks, Inc. (PANW)?
The 3Y average EV/FCF ratio for PANW stock is 37.64x.
What is the 5Y average EV/FCF ratio for Palo Alto Networks, Inc. (PANW)?
The 5Y average EV/FCF ratio for PANW stock is 35.03x.
What is the 10Y average EV/FCF ratio for Palo Alto Networks, Inc. (PANW)?
The 10Y average EV/FCF ratio for PANW stock is 28.84x.
What is the 15Y average EV/FCF ratio for Palo Alto Networks, Inc. (PANW)?
The 15Y average EV/FCF ratio for PANW stock is 37.55x.
What is the 20Y average EV/FCF ratio for Palo Alto Networks, Inc. (PANW)?
The 20Y average EV/FCF ratio for PANW stock is 37.55x.

Palo Alto Networks, Inc. EV/FCF Ratio History

DATEEV/FCF RATIO
2026-06-0945.07x
2026-06-0846.08x
2026-06-0547.07x
2026-06-0448.32x
2026-06-0348.52x
2026-06-0251.43x
2026-06-0151.76x
2026-05-2948.46x
2026-05-2844.27x
2026-05-2742.64x
2026-05-2644.09x
2026-05-2244.76x
2026-05-2143.42x
2026-05-2042.32x
2026-05-1941.18x
2026-05-1842.48x
2026-05-1541.65x
2026-05-1440.84x
2026-05-1339.01x
2026-05-1236.87x
2026-05-1136.53x
2026-05-0835.52x
2026-05-0733.53x
2026-05-0631.28x
2026-05-0531.33x
2026-05-0431.43x
2026-05-0130.82x
2026-04-3030.51x
2026-04-2930.90x
2026-04-2830.81x
2026-04-2731.14x
2026-04-2430.38x
2026-04-2329.44x
2026-04-2230.84x
2026-04-2129.75x
2026-04-2028.80x
2026-04-1728.50x
2026-04-1628.35x
2026-04-1527.85x
2026-04-1427.40x
2026-04-1327.57x
2026-04-1026.38x
2026-04-0928.35x
2026-04-0829.54x
2026-04-0728.86x
2026-04-0627.47x
2026-04-0227.69x
2026-04-0127.24x
2026-03-3127.18x
2026-03-3026.13x
2026-03-2724.85x
2026-03-2626.49x
2026-03-2525.94x
2026-03-2426.64x
2026-03-2327.84x
2026-03-2027.64x
2026-03-1928.83x
2026-03-1828.69x
2026-03-1728.74x
2026-03-1628.43x
2026-03-1328.36x
2026-03-1228.55x
2026-03-1127.99x
2026-03-1028.10x
2026-03-0928.02x
2026-03-0628.01x
2026-03-0527.68x
2026-03-0426.87x
2026-03-0326.44x
2026-03-0225.40x
2026-02-2725.18x
2026-02-2625.27x
2026-02-2524.47x
2026-02-2423.91x
2026-02-2324.34x
2026-02-2025.14x
2026-02-1925.55x
2026-02-1825.78x
2026-02-1727.74x
2026-02-1329.46x
2026-02-1228.71x
2026-02-1129.16x
2026-02-1029.20x
2026-02-0929.29x
2026-02-0628.08x
2026-02-0527.26x
2026-02-0429.41x
2026-02-0329.33x
2026-02-0230.98x
2026-01-3031.26x
2026-01-2931.12x
2026-01-2832.48x
2026-01-2732.44x
2026-01-2632.57x
2026-01-2331.84x
2026-01-2232.21x
2026-01-2132.07x
2026-01-2032.54x
2026-01-1633.19x
2026-01-1533.20x
2026-01-1433.77x
2026-01-1333.76x
2026-01-1233.41x
2026-01-0933.43x
2026-01-0833.75x
2026-01-0734.31x
2026-01-0632.86x
2026-01-0532.19x
2026-01-0231.69x
2025-12-3132.56x
2025-12-3033.04x
2025-12-2933.04x
2025-12-2633.33x
2025-12-2433.11x
2025-12-2333.27x
2025-12-2233.52x
2025-12-1933.05x
2025-12-1832.86x
2025-12-1732.43x
2025-12-1633.08x
2025-12-1532.86x
2025-12-1233.91x
2025-12-1133.67x
2025-12-1034.14x
2025-12-0934.51x
2025-12-0834.57x
2025-12-0535.20x
2025-12-0434.63x
2025-12-0334.26x
2025-12-0233.59x
2025-12-0133.20x
2025-11-2833.63x
2025-11-2632.77x
2025-11-2532.94x
2025-11-2432.51x
2025-11-2132.33x
2025-11-2032.72x
2025-11-1935.39x
2025-11-1837.85x
2025-11-1738.21x
2025-11-1438.66x
2025-11-1338.57x
2025-11-1239.57x
2025-11-1141.14x
2025-11-1040.81x
2025-11-0740.00x
2025-11-0639.83x
2025-11-0540.17x
2025-11-0440.43x
2025-11-0341.33x
2025-10-3141.52x
2025-10-3041.14x
2025-10-2940.93x
2025-10-2841.74x
2025-10-2741.53x
2025-10-2440.92x
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2025-10-2240.03x
2025-10-2140.41x
2025-10-2039.91x
2025-10-1739.16x
2025-10-1638.71x
2025-10-1538.94x
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2025-10-1039.29x
2025-10-0940.55x
2025-10-0841.05x
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2025-07-3140.40x
2025-07-3042.62x
2025-07-2945.17x
2025-07-2847.69x
2025-07-2547.40x
2025-07-2446.90x
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2025-07-2245.85x
2025-07-2146.60x
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2025-07-1143.65x
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2025-07-0948.05x
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2025-07-0746.96x
2025-07-0347.05x
2025-07-0245.91x
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2025-06-3047.72x
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2025-06-2647.18x
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2025-06-0345.95x
2025-06-0245.41x
2025-05-3044.84x
2025-05-2943.28x
2025-05-2843.75x

Showing the most recent 260 of 3,491 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