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 23.79x is 80% above its estimated 5-year average of 13.19x, near the high end of its estimated 5-year range (8.13x–27.75x).
As of 2026-09-09T20:00:00.000Z. 45.08% above its estimated 12-month average of 16.40x.
Quote observation: 2026-09-09T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 3f6b9087d174f7e172966e2836e3ea0876765121f6d4a6bc983c93f05549cb84
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
23.79x
EV/SALES RATIO AVG TTM
16.40x
EV/SALES RATIO AVG 3Y
14.62x
EV/SALES RATIO AVG 5Y
13.19x
EV/SALES RATIO AVG 10Y
10.53x
EV/SALES RATIO AVG 15Y
11.11x
EV/SALES RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+45.08%
CURRENT VS 3Y AVG
+62.73%
CURRENT VS 5Y AVG
+80.43%
CURRENT VS 10Y AVG
+125.88%
CURRENT VS 15Y AVG
+114.10%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.61x
median of 189 covered companies
CURRENT VS SECTOR MEDIAN
+259.91%
vs the sector median at left
Palo Alto Networks, Inc.
Market Cap
$273.11B
EV/Sales Ratio
23.79x
TTM Avg
16.40x
3Y Avg
14.62x
5Y Avg
13.19x
Market Cap
$282.20B
EV/Sales Ratio
54.23x
TTM Avg
43.56x
3Y Avg
39.29x
5Y Avg
39.29x
Market Cap
$261.26B
EV/Sales Ratio
12.69x
TTM Avg
12.95x
3Y Avg
12.11x
5Y Avg
12.11x
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
$211.59B
EV/Sales Ratio
38.43x
TTM Avg
29.02x
3Y Avg
24.98x
5Y Avg
24.69x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Palo Alto Networks, Inc. (PANW) | $273.11B | 23.79x | 16.40x | 14.62x | 13.19x |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $282.20B | 54.23x | 43.56x | 39.29x | 39.29x |
| Sandisk Corporation (SNDK)vs › | $261.26B | 12.69x | 12.95x | 12.11x | 12.11x |
| SAP SE (SAP)vs › | $243.69B | 5.48x | 5.76x | 6.77x | 5.87x |
| Arista Networks, Inc. (ANET)vs › | $242.93B | 22.83x | 21.10x | 17.97x | 15.31x |
| 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 |
| 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 |
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 | 22.30x |
| 2026-09-08 | 22.42x |
| 2026-09-04 | 22.18x |
| 2026-09-03 | 22.09x |
| 2026-09-02 | 21.86x |
| 2026-09-01 | 25.37x |
| 2026-08-31 | 26.78x |
| 2026-08-28 | 26.04x |
| 2026-08-27 | 26.83x |
| 2026-08-26 | 23.77x |
| 2026-08-25 | 23.82x |
| 2026-08-24 | 24.59x |
| 2026-08-21 | 25.08x |
| 2026-08-20 | 24.49x |
| 2026-08-19 | 25.21x |
| 2026-08-18 | 26.22x |
| 2026-08-17 | 26.33x |
| 2026-08-14 | 26.93x |
| 2026-08-13 | 27.75x |
| 2026-08-12 | 27.12x |
| 2026-08-11 | 26.89x |
| 2026-08-10 | 26.98x |
| 2026-08-07 | 25.50x |
| 2026-08-06 | 25.19x |
| 2026-08-05 | 25.41x |
| 2026-08-04 | 25.67x |
| 2026-08-03 | 24.32x |
| 2026-07-31 | 23.25x |
| 2026-07-30 | 22.82x |
| 2026-07-29 | 22.01x |
| 2026-07-28 | 22.35x |
| 2026-07-27 | 22.23x |
| 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 | 21.03x |
| 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 | 11.88x |
| 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 | 15.17x |
| 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 | 15.01x |
| 2025-08-28 | 15.05x |
| 2025-08-27 | 14.78x |
Showing the most recent 260 of 3,554 data points. The chart above shows the full history.
