Basis: Latest stored market observation. 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 22.69x is 71% above its 5-year average of 13.27x, near the high end of its 5-year range (8.13x–25.13x).
As of Sunday, July 26, 2026. 58.00% above its 12-month average of 14.36x.
EV/SALES RATIO
22.69x
EV/SALES RATIO AVG TTM
14.36x
EV/SALES RATIO AVG 3Y
14.47x
EV/SALES RATIO AVG 5Y
13.09x
EV/SALES RATIO AVG 10Y
10.50x
EV/SALES RATIO AVG 15Y
11.10x
EV/SALES RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+58.00%
CURRENT VS 3Y AVG
+56.78%
CURRENT VS 5Y AVG
+73.34%
CURRENT VS 10Y AVG
+116.07%
CURRENT VS 15Y AVG
+104.46%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.58x
median of 176 covered companies
CURRENT VS SECTOR MEDIAN
+244.57%
vs the sector median at left
Palo Alto Networks, Inc.
Market Cap
$263.89B
EV/Sales Ratio
22.69x
TTM Avg
14.36x
3Y Avg
14.47x
5Y Avg
13.09x
Market Cap
$254.44B
EV/Sales Ratio
13.76x
TTM Avg
11.88x
3Y Avg
11.01x
5Y Avg
10.19x
Market Cap
$275.00B
EV/Sales Ratio
21.51x
TTM Avg
15.65x
3Y Avg
11.49x
5Y Avg
9.58x
Market Cap
$276.65B
EV/Sales Ratio
55.97x
TTM Avg
41.42x
3Y Avg
38.64x
5Y Avg
38.64x
Market Cap
$282.23B
EV/Sales Ratio
60.09x
TTM Avg
100.26x
3Y Avg
64.08x
5Y Avg
44.73x
Market Cap
$290.48B
EV/Sales Ratio
2.29x
TTM Avg
1.36x
3Y Avg
1.14x
5Y Avg
0.93x
Market Cap
$219.08B
EV/Sales Ratio
22.54x
TTM Avg
20.83x
3Y Avg
17.41x
5Y Avg
14.99x
Market Cap
$212.74B
EV/Sales Ratio
16.84x
TTM Avg
9.53x
3Y Avg
6.91x
5Y Avg
6.91x
Market Cap
$201.80B
EV/Sales Ratio
3.79x
TTM Avg
4.70x
3Y Avg
4.10x
5Y Avg
3.58x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Palo Alto Networks, Inc. (PANW) | $263.89B | 22.69x | 14.36x | 14.47x | 13.09x |
| Texas Instruments Incorporated (TXN)vs › | $254.44B | 13.76x | 11.88x | 11.01x | 10.19x |
| KLA Corporation (KLAC)vs › | $275.00B | 21.51x | 15.65x | 11.49x | 9.58x |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $276.65B | 55.97x | 41.42x | 38.64x | 38.64x |
| Palantir Technologies Inc. (PLTR)vs › | $282.23B | 60.09x | 100.26x | 64.08x | 44.73x |
| Dell Technologies Inc. (DELL)vs › | $290.48B | 2.29x | 1.36x | 1.14x | 0.93x |
| Arista Networks, Inc. (ANET)vs › | $219.08B | 22.54x | 20.83x | 17.41x | 14.99x |
| Sandisk Corporation (SNDK)vs › | $212.74B | 16.84x | 9.53x | 6.91x | 6.91x |
| International Business Machines Corporation (IBM)vs › | $201.80B | 3.79x | 4.70x | 4.10x | 3.58x |
| Oracle Corporation (ORCL)vs › | $331.23B | 6.83x | 11.46x | 9.86x | 8.72x |
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 |
|---|---|
| 2026-07-24 | 22.69x |
| 2026-07-23 | 22.81x |
| 2026-07-22 | 23.49x |
| 2026-07-21 | 23.97x |
| 2026-07-20 | 24.43x |
| 2026-07-17 | 25.13x |
| 2026-07-16 | 24.80x |
| 2026-07-15 | 24.81x |
| 2026-07-14 | 24.73x |
| 2026-07-13 | 23.14x |
| 2026-07-10 | 22.83x |
| 2026-07-09 | 23.70x |
| 2026-07-08 | 22.46x |
| 2026-07-07 | 23.61x |
| 2026-07-06 | 25.05x |
| 2026-07-02 | 24.39x |
| 2026-07-01 | 24.67x |
| 2026-06-30 | 23.89x |
| 2026-06-29 | 23.26x |
| 2026-06-26 | 21.31x |
| 2026-06-25 | 20.53x |
| 2026-06-24 | 19.98x |
| 2026-06-23 | 20.38x |
| 2026-06-22 | 20.06x |
| 2026-06-18 | 20.16x |
| 2026-06-17 | 19.76x |
| 2026-06-16 | 19.61x |
| 2026-06-15 | 19.93x |
| 2026-06-12 | 19.59x |
| 2026-06-11 | 19.58x |
| 2026-06-10 | 18.44x |
| 2026-06-09 | 18.25x |
| 2026-06-08 | 18.65x |
| 2026-06-05 | 19.06x |
| 2026-06-04 | 19.56x |
| 2026-06-03 | 19.64x |
| 2026-06-02 | 20.82x |
| 2026-06-01 | 21.27x |
| 2026-05-29 | 19.92x |
| 2026-05-28 | 18.19x |
| 2026-05-27 | 17.52x |
| 2026-05-26 | 18.12x |
| 2026-05-22 | 18.40x |
| 2026-05-21 | 17.85x |
| 2026-05-20 | 17.39x |
| 2026-05-19 | 16.92x |
| 2026-05-18 | 17.46x |
| 2026-05-15 | 17.12x |
| 2026-05-14 | 16.78x |
| 2026-05-13 | 16.03x |
| 2026-05-12 | 15.16x |
| 2026-05-11 | 15.02x |
| 2026-05-08 | 14.60x |
| 2026-05-07 | 13.78x |
| 2026-05-06 | 12.85x |
| 2026-05-05 | 12.88x |
| 2026-05-04 | 12.92x |
| 2026-05-01 | 12.67x |
| 2026-04-30 | 12.54x |
| 2026-04-29 | 12.70x |
| 2026-04-28 | 12.66x |
| 2026-04-27 | 12.80x |
| 2026-04-24 | 12.48x |
| 2026-04-23 | 12.10x |
| 2026-04-22 | 12.68x |
| 2026-04-21 | 12.23x |
| 2026-04-20 | 11.84x |
| 2026-04-17 | 11.71x |
| 2026-04-16 | 11.65x |
| 2026-04-15 | 11.44x |
| 2026-04-14 | 11.26x |
| 2026-04-13 | 11.33x |
| 2026-04-10 | 10.84x |
| 2026-04-09 | 11.65x |
| 2026-04-08 | 12.14x |
| 2026-04-07 | 11.86x |
| 2026-04-06 | 11.29x |
| 2026-04-02 | 11.38x |
| 2026-04-01 | 11.20x |
| 2026-03-31 | 11.17x |
| 2026-03-30 | 10.74x |
| 2026-03-27 | 10.21x |
| 2026-03-26 | 10.89x |
| 2026-03-25 | 10.66x |
| 2026-03-24 | 10.95x |
| 2026-03-23 | 11.44x |
| 2026-03-20 | 11.36x |
| 2026-03-19 | 11.85x |
| 2026-03-18 | 11.79x |
| 2026-03-17 | 11.81x |
| 2026-03-16 | 11.69x |
| 2026-03-13 | 11.65x |
| 2026-03-12 | 11.73x |
| 2026-03-11 | 11.50x |
| 2026-03-10 | 11.55x |
| 2026-03-09 | 11.52x |
| 2026-03-06 | 11.51x |
| 2026-03-05 | 11.38x |
| 2026-03-04 | 11.04x |
| 2026-03-03 | 10.87x |
| 2026-03-02 | 10.44x |
| 2026-02-27 | 10.35x |
| 2026-02-26 | 10.38x |
| 2026-02-25 | 10.06x |
| 2026-02-24 | 9.83x |
| 2026-02-23 | 10.01x |
| 2026-02-20 | 10.33x |
| 2026-02-19 | 10.50x |
| 2026-02-18 | 10.60x |
| 2026-02-17 | 11.40x |
| 2026-02-13 | 12.14x |
| 2026-02-12 | 11.83x |
| 2026-02-11 | 12.01x |
| 2026-02-10 | 12.03x |
| 2026-02-09 | 12.07x |
| 2026-02-06 | 11.57x |
| 2026-02-05 | 11.23x |
| 2026-02-04 | 12.12x |
| 2026-02-03 | 12.08x |
| 2026-02-02 | 12.76x |
| 2026-01-30 | 12.88x |
| 2026-01-29 | 12.82x |
| 2026-01-28 | 13.38x |
| 2026-01-27 | 13.36x |
| 2026-01-26 | 13.42x |
| 2026-01-23 | 13.12x |
| 2026-01-22 | 13.27x |
| 2026-01-21 | 13.21x |
| 2026-01-20 | 13.41x |
| 2026-01-16 | 13.67x |
| 2026-01-15 | 13.68x |
| 2026-01-14 | 13.92x |
| 2026-01-13 | 13.91x |
| 2026-01-12 | 13.76x |
| 2026-01-09 | 13.77x |
| 2026-01-08 | 13.91x |
| 2026-01-07 | 14.14x |
| 2026-01-06 | 13.54x |
| 2026-01-05 | 13.26x |
| 2026-01-02 | 13.06x |
| 2025-12-31 | 13.42x |
| 2025-12-30 | 13.61x |
| 2025-12-29 | 13.61x |
| 2025-12-26 | 13.73x |
| 2025-12-24 | 13.64x |
| 2025-12-23 | 13.71x |
| 2025-12-22 | 13.81x |
| 2025-12-19 | 13.62x |
| 2025-12-18 | 13.54x |
| 2025-12-17 | 13.36x |
| 2025-12-16 | 13.63x |
| 2025-12-15 | 13.54x |
| 2025-12-12 | 13.97x |
| 2025-12-11 | 13.87x |
| 2025-12-10 | 14.07x |
| 2025-12-09 | 14.22x |
| 2025-12-08 | 14.24x |
| 2025-12-05 | 14.50x |
| 2025-12-04 | 14.27x |
| 2025-12-03 | 14.12x |
| 2025-12-02 | 13.84x |
| 2025-12-01 | 13.68x |
| 2025-11-28 | 13.86x |
| 2025-11-26 | 13.50x |
| 2025-11-25 | 13.57x |
| 2025-11-24 | 13.39x |
| 2025-11-21 | 13.32x |
| 2025-11-20 | 13.48x |
| 2025-11-19 | 14.58x |
| 2025-11-18 | 15.25x |
| 2025-11-17 | 15.40x |
| 2025-11-14 | 15.58x |
| 2025-11-13 | 15.54x |
| 2025-11-12 | 15.95x |
| 2025-11-11 | 16.58x |
| 2025-11-10 | 16.45x |
| 2025-11-07 | 16.12x |
| 2025-11-06 | 16.05x |
| 2025-11-05 | 16.19x |
| 2025-11-04 | 16.29x |
| 2025-11-03 | 16.65x |
| 2025-10-31 | 16.73x |
| 2025-10-30 | 16.58x |
| 2025-10-29 | 16.49x |
| 2025-10-28 | 16.82x |
| 2025-10-27 | 16.73x |
| 2025-10-24 | 16.49x |
| 2025-10-23 | 16.33x |
| 2025-10-22 | 16.13x |
| 2025-10-21 | 16.28x |
| 2025-10-20 | 16.08x |
| 2025-10-17 | 15.78x |
| 2025-10-16 | 15.60x |
| 2025-10-15 | 15.69x |
| 2025-10-14 | 15.76x |
| 2025-10-13 | 16.20x |
| 2025-10-10 | 15.83x |
| 2025-10-09 | 16.34x |
| 2025-10-08 | 16.54x |
| 2025-10-07 | 16.02x |
| 2025-10-06 | 16.14x |
| 2025-10-03 | 15.73x |
| 2025-10-02 | 15.89x |
| 2025-10-01 | 15.70x |
| 2025-09-30 | 15.45x |
| 2025-09-29 | 15.48x |
| 2025-09-26 | 15.36x |
| 2025-09-25 | 15.34x |
| 2025-09-24 | 15.23x |
| 2025-09-23 | 15.42x |
| 2025-09-22 | 15.80x |
| 2025-09-19 | 15.80x |
| 2025-09-18 | 15.61x |
| 2025-09-17 | 15.41x |
| 2025-09-16 | 15.28x |
| 2025-09-15 | 15.27x |
| 2025-09-12 | 14.89x |
| 2025-09-11 | 15.05x |
| 2025-09-10 | 14.97x |
| 2025-09-09 | 14.99x |
| 2025-09-08 | 14.97x |
| 2025-09-05 | 14.75x |
| 2025-09-04 | 14.59x |
| 2025-09-03 | 14.52x |
| 2025-09-02 | 14.45x |
| 2025-08-29 | 14.45x |
| 2025-08-28 | 15.05x |
| 2025-08-27 | 14.78x |
| 2025-08-26 | 14.51x |
| 2025-08-25 | 14.53x |
| 2025-08-22 | 14.64x |
| 2025-08-21 | 14.43x |
| 2025-08-20 | 14.52x |
| 2025-08-19 | 14.29x |
| 2025-08-18 | 13.86x |
| 2025-08-15 | 13.94x |
| 2025-08-14 | 13.66x |
| 2025-08-13 | 13.92x |
| 2025-08-12 | 13.80x |
| 2025-08-11 | 13.23x |
| 2025-08-08 | 13.14x |
| 2025-08-07 | 13.22x |
| 2025-08-06 | 13.60x |
| 2025-08-05 | 13.30x |
| 2025-08-04 | 13.45x |
| 2025-08-01 | 13.60x |
| 2025-07-31 | 13.66x |
| 2025-07-30 | 14.41x |
| 2025-07-29 | 15.27x |
| 2025-07-28 | 16.12x |
| 2025-07-25 | 16.02x |
| 2025-07-24 | 15.86x |
| 2025-07-23 | 15.70x |
| 2025-07-22 | 15.50x |
| 2025-07-21 | 15.75x |
| 2025-07-18 | 15.43x |
| 2025-07-17 | 15.47x |
| 2025-07-16 | 15.17x |
| 2025-07-15 | 15.15x |
| 2025-07-14 | 15.02x |
Showing the most recent 260 of 3,522 data points. The chart above shows the full history.
