Basis: FMP quote market capitalization / revenue from four consecutive issuer fiscal quarters. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the P/S ratio high or low?
The P/S ratio of 23.79 is 81% above its estimated 5-year average of 13.12, near the high end of its estimated 5-year range (7.81–27.78).
As of 2026-09-09T20:00:00.000Z. 43.17% above its estimated 12-month average of 16.62.
Quote observation: 2026-09-09T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 3f6b9087d174f7e172966e2836e3ea0876765121f6d4a6bc983c93f05549cb84
Current P/S: FMP quote market capitalization / TTM revenue. Historical estimates use price and reported weighted-average shares; daily points use adjusted close × quarterly weighted-average shares / TTM revenue. 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.
PS RATIO
23.79
PS RATIO AVG TTM
16.62
PS RATIO AVG 3Y
14.74
PS RATIO AVG 5Y
13.12
PS RATIO AVG 10Y
10.48
PS RATIO AVG 15Y
11.16
PS RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+43.17%
CURRENT VS 3Y AVG
+61.44%
CURRENT VS 5Y AVG
+81.29%
CURRENT VS 10Y AVG
+127.05%
CURRENT VS 15Y AVG
+113.14%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.65
median of 190 covered companies
CURRENT VS SECTOR MEDIAN
+257.48%
vs the sector median at left
Palo Alto Networks, Inc.
Market Cap
$273.11B
PS Ratio
23.79
TTM Avg
16.62
3Y Avg
14.74
5Y Avg
13.12
Market Cap
$282.20B
PS Ratio
54.73
TTM Avg
44.01
3Y Avg
39.71
5Y Avg
39.71
Market Cap
$238.90B
PS Ratio
12.28
TTM Avg
11.53
3Y Avg
10.59
5Y Avg
9.79
Market Cap
$226.06B
PS Ratio
3.27
TTM Avg
3.80
3Y Avg
3.34
5Y Avg
2.80
Market Cap
$211.59B
PS Ratio
39.21
TTM Avg
29.89
3Y Avg
25.86
5Y Avg
25.55
| NAME | MARKET CAP | PS RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Palo Alto Networks, Inc. (PANW) | $273.11B | 23.79 | 16.62 | 14.74 | 13.12 |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $282.20B | 54.73 | 44.01 | 39.71 | 39.71 |
| Sandisk Corporation (SNDK)vs › | $261.26B | 12.90 | 13.09 | 12.22 | 12.22 |
| SAP SE (SAP)vs › | $243.69B | 5.50 | 5.91 | 6.81 | 5.80 |
| Arista Networks, Inc. (ANET)vs › | $242.93B | 23.05 | 21.36 | 18.28 | 15.57 |
| KLA Corporation (KLAC)vs › | $238.93B | 17.60 | 16.40 | 11.62 | 9.47 |
| Texas Instruments Incorporated (TXN)vs › | $238.90B | 12.28 | 11.53 | 10.59 | 9.79 |
| International Business Machines Corporation (IBM)vs › | $226.06B | 3.27 | 3.80 | 3.34 | 2.80 |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $211.59B | 39.21 | 29.89 | 25.86 | 25.55 |
| Marvell Technology, Inc. (MRVL)vs › | $205.81B | 21.78 | 14.82 | 12.48 | 11.51 |
Trailing-12-month revenue adds these four fiscal quarters. Amounts are in USD, rounded only to whole currency units.
| Fiscal period | Revenue | Source |
|---|---|---|
| Q1 FY2026Period ended 2025-10-31 | $2,474,000,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2025-11-20 |
| Q2 FY2026Period ended 2026-01-31 | $2,594,000,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-02-18 |
| Q3 FY2026Period ended 2026-04-30 | $3,002,000,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-06-03 |
| Q4 FY2026Period ended 2026-07-31 | $3,410,000,000 | Filing link unavailableFMP normalized income statementFiling date supplied by FMP: 2026-09-01 |
| TTM revenue | $11,480,000,000 |
Current P/S: $273,106,500,000 market capitalization ÷ $11,480,000,000 TTM revenue = 23.79x.
Market capitalization source: FMP quote. Quote observed 2026-09-09T20:00:00.000Z. Latest revenue period ended 2026-07-31.
Current market capitalization comes from the quote provider. EPS weighted-average shares are a separate measure.
At 23.79, P/S is above its estimated 14-year median — higher than 99% of readings in its estimated 14-year history.
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.
estimated 14-year low
4.18
median
10.46
estimated 14-year high
27.78
P/S Ratio
23.79
Market Cap / Trailing Twelve-Month Revenue
PS Ratio = Market Cap / Revenue (TTM)
The price-to-sales ratio compares market capitalization to trailing revenue. It is useful for valuing companies with little or no earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | PS RATIO |
|---|---|
| 2026-09-09 | 22.30 |
| 2026-09-08 | 22.43 |
| 2026-09-04 | 22.18 |
| 2026-09-03 | 22.09 |
| 2026-09-02 | 21.86 |
| 2026-09-01 | 25.40 |
| 2026-08-31 | 26.81 |
| 2026-08-28 | 26.07 |
| 2026-08-27 | 26.86 |
| 2026-08-26 | 23.80 |
| 2026-08-25 | 23.84 |
| 2026-08-24 | 24.61 |
| 2026-08-21 | 25.10 |
| 2026-08-20 | 24.52 |
| 2026-08-19 | 25.24 |
| 2026-08-18 | 26.24 |
| 2026-08-17 | 26.36 |
| 2026-08-14 | 26.96 |
| 2026-08-13 | 27.78 |
| 2026-08-12 | 27.15 |
| 2026-08-11 | 26.92 |
| 2026-08-10 | 27.01 |
| 2026-08-07 | 25.52 |
| 2026-08-06 | 25.22 |
| 2026-08-05 | 25.44 |
| 2026-08-04 | 25.70 |
| 2026-08-03 | 24.35 |
| 2026-07-31 | 23.28 |
| 2026-07-30 | 22.85 |
| 2026-07-29 | 22.04 |
| 2026-07-28 | 22.38 |
| 2026-07-27 | 22.26 |
| 2026-07-24 | 22.71 |
| 2026-07-23 | 22.84 |
| 2026-07-22 | 23.52 |
| 2026-07-21 | 24.00 |
| 2026-07-20 | 24.46 |
| 2026-07-17 | 25.16 |
| 2026-07-16 | 24.83 |
| 2026-07-15 | 24.83 |
| 2026-07-14 | 24.75 |
| 2026-07-13 | 23.17 |
| 2026-07-10 | 22.86 |
| 2026-07-09 | 23.73 |
| 2026-07-08 | 22.49 |
| 2026-07-07 | 23.64 |
| 2026-07-06 | 25.08 |
| 2026-07-02 | 24.42 |
| 2026-07-01 | 24.69 |
| 2026-06-30 | 23.92 |
| 2026-06-29 | 23.29 |
| 2026-06-26 | 21.34 |
| 2026-06-25 | 20.56 |
| 2026-06-24 | 20.01 |
| 2026-06-23 | 20.41 |
| 2026-06-22 | 20.09 |
| 2026-06-18 | 20.19 |
| 2026-06-17 | 19.79 |
| 2026-06-16 | 19.63 |
| 2026-06-15 | 19.96 |
| 2026-06-12 | 19.61 |
| 2026-06-11 | 19.61 |
| 2026-06-10 | 18.46 |
| 2026-06-09 | 18.27 |
| 2026-06-08 | 18.68 |
| 2026-06-05 | 19.08 |
| 2026-06-04 | 19.59 |
| 2026-06-03 | 19.67 |
| 2026-06-02 | 21.42 |
| 2026-06-01 | 21.66 |
| 2026-05-29 | 20.30 |
| 2026-05-28 | 18.58 |
| 2026-05-27 | 17.91 |
| 2026-05-26 | 18.50 |
| 2026-05-22 | 18.78 |
| 2026-05-21 | 18.23 |
| 2026-05-20 | 17.78 |
| 2026-05-19 | 17.31 |
| 2026-05-18 | 17.84 |
| 2026-05-15 | 17.50 |
| 2026-05-14 | 17.17 |
| 2026-05-13 | 16.42 |
| 2026-05-12 | 15.54 |
| 2026-05-11 | 15.40 |
| 2026-05-08 | 14.98 |
| 2026-05-07 | 14.16 |
| 2026-05-06 | 13.24 |
| 2026-05-05 | 13.26 |
| 2026-05-04 | 13.30 |
| 2026-05-01 | 13.05 |
| 2026-04-30 | 12.92 |
| 2026-04-29 | 13.08 |
| 2026-04-28 | 13.04 |
| 2026-04-27 | 13.18 |
| 2026-04-24 | 12.87 |
| 2026-04-23 | 12.48 |
| 2026-04-22 | 13.06 |
| 2026-04-21 | 12.61 |
| 2026-04-20 | 12.22 |
| 2026-04-17 | 12.10 |
| 2026-04-16 | 12.03 |
| 2026-04-15 | 11.83 |
| 2026-04-14 | 11.65 |
| 2026-04-13 | 11.71 |
| 2026-04-10 | 11.22 |
| 2026-04-09 | 12.03 |
| 2026-04-08 | 12.52 |
| 2026-04-07 | 12.24 |
| 2026-04-06 | 11.67 |
| 2026-04-02 | 11.76 |
| 2026-04-01 | 11.58 |
| 2026-03-31 | 11.55 |
| 2026-03-30 | 11.12 |
| 2026-03-27 | 10.60 |
| 2026-03-26 | 11.27 |
| 2026-03-25 | 11.04 |
| 2026-03-24 | 11.33 |
| 2026-03-23 | 11.82 |
| 2026-03-20 | 11.74 |
| 2026-03-19 | 12.23 |
| 2026-03-18 | 12.17 |
| 2026-03-17 | 12.19 |
| 2026-03-16 | 12.07 |
| 2026-03-13 | 12.04 |
| 2026-03-12 | 12.12 |
| 2026-03-11 | 11.89 |
| 2026-03-10 | 11.93 |
| 2026-03-09 | 11.90 |
| 2026-03-06 | 11.89 |
| 2026-03-05 | 11.76 |
| 2026-03-04 | 11.43 |
| 2026-03-03 | 11.25 |
| 2026-03-02 | 10.82 |
| 2026-02-27 | 10.73 |
| 2026-02-26 | 10.77 |
| 2026-02-25 | 10.44 |
| 2026-02-24 | 10.21 |
| 2026-02-23 | 10.39 |
| 2026-02-20 | 10.72 |
| 2026-02-19 | 10.88 |
| 2026-02-18 | 10.98 |
| 2026-02-17 | 12.13 |
| 2026-02-13 | 12.39 |
| 2026-02-12 | 12.08 |
| 2026-02-11 | 12.26 |
| 2026-02-10 | 12.28 |
| 2026-02-09 | 12.32 |
| 2026-02-06 | 11.82 |
| 2026-02-05 | 11.48 |
| 2026-02-04 | 12.37 |
| 2026-02-03 | 12.33 |
| 2026-02-02 | 13.01 |
| 2026-01-30 | 13.13 |
| 2026-01-29 | 13.07 |
| 2026-01-28 | 13.63 |
| 2026-01-27 | 13.61 |
| 2026-01-26 | 13.67 |
| 2026-01-23 | 13.37 |
| 2026-01-22 | 13.52 |
| 2026-01-21 | 13.46 |
| 2026-01-20 | 13.66 |
| 2026-01-16 | 13.92 |
| 2026-01-15 | 13.93 |
| 2026-01-14 | 14.16 |
| 2026-01-13 | 14.16 |
| 2026-01-12 | 14.01 |
| 2026-01-09 | 14.02 |
| 2026-01-08 | 14.16 |
| 2026-01-07 | 14.39 |
| 2026-01-06 | 13.79 |
| 2026-01-05 | 13.51 |
| 2026-01-02 | 13.31 |
| 2025-12-31 | 13.67 |
| 2025-12-30 | 13.86 |
| 2025-12-29 | 13.86 |
| 2025-12-26 | 13.98 |
| 2025-12-24 | 13.89 |
| 2025-12-23 | 13.96 |
| 2025-12-22 | 14.06 |
| 2025-12-19 | 13.86 |
| 2025-12-18 | 13.79 |
| 2025-12-17 | 13.61 |
| 2025-12-16 | 13.88 |
| 2025-12-15 | 13.79 |
| 2025-12-12 | 14.22 |
| 2025-12-11 | 14.12 |
| 2025-12-10 | 14.32 |
| 2025-12-09 | 14.47 |
| 2025-12-08 | 14.49 |
| 2025-12-05 | 14.75 |
| 2025-12-04 | 14.52 |
| 2025-12-03 | 14.37 |
| 2025-12-02 | 14.09 |
| 2025-12-01 | 13.93 |
| 2025-11-28 | 14.11 |
| 2025-11-26 | 13.75 |
| 2025-11-25 | 13.82 |
| 2025-11-24 | 13.64 |
| 2025-11-21 | 13.57 |
| 2025-11-20 | 13.73 |
| 2025-11-19 | 15.37 |
| 2025-11-18 | 15.45 |
| 2025-11-17 | 15.60 |
| 2025-11-14 | 15.78 |
| 2025-11-13 | 15.74 |
| 2025-11-12 | 16.15 |
| 2025-11-11 | 16.78 |
| 2025-11-10 | 16.65 |
| 2025-11-07 | 16.32 |
| 2025-11-06 | 16.25 |
| 2025-11-05 | 16.39 |
| 2025-11-04 | 16.49 |
| 2025-11-03 | 16.86 |
| 2025-10-31 | 16.93 |
| 2025-10-30 | 16.78 |
| 2025-10-29 | 16.70 |
| 2025-10-28 | 17.02 |
| 2025-10-27 | 16.94 |
| 2025-10-24 | 16.69 |
| 2025-10-23 | 16.53 |
| 2025-10-22 | 16.33 |
| 2025-10-21 | 16.48 |
| 2025-10-20 | 16.29 |
| 2025-10-17 | 15.98 |
| 2025-10-16 | 15.80 |
| 2025-10-15 | 15.89 |
| 2025-10-14 | 15.96 |
| 2025-10-13 | 16.40 |
| 2025-10-10 | 16.03 |
| 2025-10-09 | 16.54 |
| 2025-10-08 | 16.74 |
| 2025-10-07 | 16.23 |
| 2025-10-06 | 16.34 |
| 2025-10-03 | 15.93 |
| 2025-10-02 | 16.09 |
| 2025-10-01 | 15.90 |
| 2025-09-30 | 15.66 |
| 2025-09-29 | 15.68 |
| 2025-09-26 | 15.56 |
| 2025-09-25 | 15.55 |
| 2025-09-24 | 15.43 |
| 2025-09-23 | 15.63 |
| 2025-09-22 | 16.01 |
| 2025-09-19 | 16.01 |
| 2025-09-18 | 15.81 |
| 2025-09-17 | 15.62 |
| 2025-09-16 | 15.48 |
| 2025-09-15 | 15.48 |
| 2025-09-12 | 15.09 |
| 2025-09-11 | 15.25 |
| 2025-09-10 | 15.17 |
| 2025-09-09 | 15.19 |
| 2025-09-08 | 15.18 |
| 2025-09-05 | 14.95 |
| 2025-09-04 | 14.79 |
| 2025-09-03 | 14.73 |
| 2025-09-02 | 14.65 |
| 2025-08-29 | 15.19 |
| 2025-08-28 | 15.23 |
| 2025-08-27 | 14.95 |
Showing the most recent 260 of 3,554 data points. The chart above shows the full history.
These references are supplied through FMP. Full filing context identifiers and dimensional metadata are unavailable in the normalized feed.