Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 47.80 as of Sunday, July 26, 2026.
Forward PE Ratio (47.80) = Close Price ($173.99) / Consensus Forward EPS ($3.64)
FORWARD PE RATIO
47.80
SECTOR MEDIAN · TECHNOLOGY
25.86
median of 150 covered companies
CURRENT VS SECTOR MEDIAN
+84.84%
vs the sector median at left
Arista Networks, Inc.
Market Cap
$219.08B
Forward PE Ratio
47.80
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Arista Networks, Inc. (ANET) | $219.08B | 47.80 |
| Sandisk Corporation (SNDK)vs › | $212.74B | 21.48 |
| International Business Machines Corporation (IBM)vs › | $201.80B | 17.37 |
| Seagate Technology Holdings plc (STX)vs › | $190.97B | 57.13 |
| Amphenol Corporation (APH)vs › | $187.82B | 31.48 |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $186.63B | 197.41 |
| SAP SE (SAP)vs › | $186.44B | 22.38 |
| Texas Instruments Incorporated (TXN)vs › | $254.44B | 33.15 |
| Analog Devices, Inc. (ADI)vs › | $181.13B | 29.97 |
| Western Digital Corporation (WDC)vs › | $179.17B | 52.03 |
Trailing P/E
59.6
reported TTM EPS
Forward P/E
47.8
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.64 implies +24.7% EPS growth vs the reported trailing $2.92.
At today's $173.99 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $3.64 | $3.56 – $3.75 | 16 | 47.8x |
| 2027-12-31 | $4.47 | $4.13 – $4.94 | 16 | 38.9x |
| 2028-12-31 | $5.47 | $4.71 – $6.15 | 6 | 31.8x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
