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Palo Alto Networks, Inc. (PANW) EV/Sales Ratio: 18.44x

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

Palo Alto Networks, Inc.'s EV/Sales ratio of 18.44x is 42% above its 5-year average of 12.96x, near the high end of its 5-year range (8.13x–21.27x).

The EV/Sales ratio for Palo Alto Networks, Inc. (PANW) is 18.44x as of Wednesday, June 10, 2026. It is above its 12-month average by 29.29% (14.26x).

PANW EV/Sales Ratio Chart

PANW EV/Sales Ratio
18.44x+19.43% 1Y
Zoom

PANW Average EV/Sales Ratio Chart

PANW Current vs Average EV/Sales Ratio Chart

PANW EV/Sales Ratio Metrics

EV/SALES RATIO

18.44x

EV/SALES RATIO AVG TTM

14.26x

EV/SALES RATIO AVG 3Y

14.47x

EV/SALES RATIO AVG 5Y

12.96x

EV/SALES RATIO AVG 10Y

10.45x

EV/SALES RATIO AVG 15Y

11.07x

EV/SALES RATIO AVG 20Y

11.07x

CURRENT VS TTM AVG

+29.29%

CURRENT VS 3Y AVG

+27.44%

CURRENT VS 5Y AVG

+42.33%

CURRENT VS 10Y AVG

+76.52%

CURRENT VS 15Y AVG

+66.58%

CURRENT VS 20Y AVG

+66.58%

PANW Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Palo Alto Networks, Inc. (PANW)18.44x14.26x14.47x12.96x
Seagate Technology Holdings plc (STX)$182.47B17.18x8.23x4.97x3.78x
Amphenol Corporation (APH)$184.89B8.04x8.14x6.55x5.75x
Western Digital Corporation (WDC)$167.87B15.66x7.22x3.75x2.63x
Analog Devices, Inc. (ADI)$191.81B15.66x13.61x11.24x10.48x
CrowdStrike Holdings, Inc. (CRWD)$164.89B32.06x26.01x22.92x25.53x
QUALCOMM Incorporated (QCOM)$202.82B4.86x4.27x4.59x4.55x
Salesforce, Inc. (CRM)$141.00B4.27x5.56x6.87x7.25x
Shopify Inc. (SHOP)$140.41B11.27x16.66x14.76x17.77x
Uber Technologies, Inc. (UBER)$139.66B2.77x3.75x3.72x3.86x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

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

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

Palo Alto Networks, Inc. EV/Sales Ratio FAQ

What is the EV/Sales ratio for Palo Alto Networks, Inc. (PANW)?
The EV/Sales ratio for PANW stock is 18.44x.
Is Palo Alto Networks, Inc.'s EV/Sales ratio high or low?
Palo Alto Networks, Inc.'s EV/Sales ratio of 18.44x is 42% above its 5-year average of 12.96x, near the high end of its 5-year range (8.13x–21.27x).
What is the TTM average EV/Sales ratio for Palo Alto Networks, Inc. (PANW)?
The TTM average EV/Sales ratio for PANW stock is 14.26x.
What is the 3Y average EV/Sales ratio for Palo Alto Networks, Inc. (PANW)?
The 3Y average EV/Sales ratio for PANW stock is 14.47x.
What is the 5Y average EV/Sales ratio for Palo Alto Networks, Inc. (PANW)?
The 5Y average EV/Sales ratio for PANW stock is 12.96x.
What is the 10Y average EV/Sales ratio for Palo Alto Networks, Inc. (PANW)?
The 10Y average EV/Sales ratio for PANW stock is 10.45x.
What is the 15Y average EV/Sales ratio for Palo Alto Networks, Inc. (PANW)?
The 15Y average EV/Sales ratio for PANW stock is 11.07x.
What is the 20Y average EV/Sales ratio for Palo Alto Networks, Inc. (PANW)?
The 20Y average EV/Sales ratio for PANW stock is 11.07x.

Palo Alto Networks, Inc. EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-1018.44x
2026-06-0918.25x
2026-06-0818.65x
2026-06-0519.06x
2026-06-0419.56x
2026-06-0319.64x
2026-06-0220.82x
2026-06-0121.27x
2026-05-2919.92x
2026-05-2818.19x
2026-05-2717.52x
2026-05-2618.12x
2026-05-2218.40x
2026-05-2117.85x
2026-05-2017.39x
2026-05-1916.92x
2026-05-1817.46x
2026-05-1517.12x
2026-05-1416.78x
2026-05-1316.03x
2026-05-1215.16x
2026-05-1115.02x
2026-05-0814.60x
2026-05-0713.78x
2026-05-0612.85x
2026-05-0512.88x
2026-05-0412.92x
2026-05-0112.67x
2026-04-3012.54x
2026-04-2912.70x
2026-04-2812.66x
2026-04-2712.80x
2026-04-2412.48x
2026-04-2312.10x
2026-04-2212.68x
2026-04-2112.23x
2026-04-2011.84x
2026-04-1711.71x
2026-04-1611.65x
2026-04-1511.44x
2026-04-1411.26x
2026-04-1311.33x
2026-04-1010.84x
2026-04-0911.65x
2026-04-0812.14x
2026-04-0711.86x
2026-04-0611.29x
2026-04-0211.38x
2026-04-0111.20x
2026-03-3111.17x
2026-03-3010.74x
2026-03-2710.21x
2026-03-2610.89x
2026-03-2510.66x
2026-03-2410.95x
2026-03-2311.44x
2026-03-2011.36x
2026-03-1911.85x
2026-03-1811.79x
2026-03-1711.81x
2026-03-1611.69x
2026-03-1311.65x
2026-03-1211.73x
2026-03-1111.50x
2026-03-1011.55x
2026-03-0911.52x
2026-03-0611.51x
2026-03-0511.38x
2026-03-0411.04x
2026-03-0310.87x
2026-03-0210.44x
2026-02-2710.35x
2026-02-2610.38x
2026-02-2510.06x
2026-02-249.83x
2026-02-2310.01x
2026-02-2010.33x
2026-02-1910.50x
2026-02-1810.60x
2026-02-1711.40x
2026-02-1312.14x
2026-02-1211.83x
2026-02-1112.01x
2026-02-1012.03x
2026-02-0912.07x
2026-02-0611.57x
2026-02-0511.23x
2026-02-0412.12x
2026-02-0312.08x
2026-02-0212.76x
2026-01-3012.88x
2026-01-2912.82x
2026-01-2813.38x
2026-01-2713.36x
2026-01-2613.42x
2026-01-2313.12x
2026-01-2213.27x
2026-01-2113.21x
2026-01-2013.41x
2026-01-1613.67x
2026-01-1513.68x
2026-01-1413.92x
2026-01-1313.91x
2026-01-1213.76x
2026-01-0913.77x
2026-01-0813.91x
2026-01-0714.14x
2026-01-0613.54x
2026-01-0513.26x
2026-01-0213.06x
2025-12-3113.42x
2025-12-3013.61x
2025-12-2913.61x
2025-12-2613.73x
2025-12-2413.64x
2025-12-2313.71x
2025-12-2213.81x
2025-12-1913.62x
2025-12-1813.54x
2025-12-1713.36x
2025-12-1613.63x
2025-12-1513.54x
2025-12-1213.97x
2025-12-1113.87x
2025-12-1014.07x
2025-12-0914.22x
2025-12-0814.24x
2025-12-0514.50x
2025-12-0414.27x
2025-12-0314.12x
2025-12-0213.84x
2025-12-0113.68x
2025-11-2813.86x
2025-11-2613.50x
2025-11-2513.57x
2025-11-2413.39x
2025-11-2113.32x
2025-11-2013.48x
2025-11-1914.58x
2025-11-1815.25x
2025-11-1715.40x
2025-11-1415.58x
2025-11-1315.54x
2025-11-1215.95x
2025-11-1116.58x
2025-11-1016.45x
2025-11-0716.12x
2025-11-0616.05x
2025-11-0516.19x
2025-11-0416.29x
2025-11-0316.65x
2025-10-3116.73x
2025-10-3016.58x
2025-10-2916.49x
2025-10-2816.82x
2025-10-2716.73x
2025-10-2416.49x
2025-10-2316.33x
2025-10-2216.13x
2025-10-2116.28x
2025-10-2016.08x
2025-10-1715.78x
2025-10-1615.60x
2025-10-1515.69x
2025-10-1415.76x
2025-10-1316.20x
2025-10-1015.83x
2025-10-0916.34x
2025-10-0816.54x
2025-10-0716.02x
2025-10-0616.14x
2025-10-0315.73x
2025-10-0215.89x
2025-10-0115.70x
2025-09-3015.45x
2025-09-2915.48x
2025-09-2615.36x
2025-09-2515.34x
2025-09-2415.23x
2025-09-2315.42x
2025-09-2215.80x
2025-09-1915.80x
2025-09-1815.61x
2025-09-1715.41x
2025-09-1615.28x
2025-09-1515.27x
2025-09-1214.89x
2025-09-1115.05x
2025-09-1014.97x
2025-09-0914.99x
2025-09-0814.97x
2025-09-0514.75x
2025-09-0414.59x
2025-09-0314.52x
2025-09-0214.45x
2025-08-2914.45x
2025-08-2815.05x
2025-08-2714.78x
2025-08-2614.51x
2025-08-2514.53x
2025-08-2214.64x
2025-08-2114.43x
2025-08-2014.52x
2025-08-1914.29x
2025-08-1813.86x
2025-08-1513.94x
2025-08-1413.66x
2025-08-1313.92x
2025-08-1213.80x
2025-08-1113.23x
2025-08-0813.14x
2025-08-0713.22x
2025-08-0613.60x
2025-08-0513.30x
2025-08-0413.45x
2025-08-0113.60x
2025-07-3113.66x
2025-07-3014.41x
2025-07-2915.27x
2025-07-2816.12x
2025-07-2516.02x
2025-07-2415.86x
2025-07-2315.70x
2025-07-2215.50x
2025-07-2115.75x
2025-07-1815.43x
2025-07-1715.47x
2025-07-1615.17x
2025-07-1515.15x
2025-07-1415.02x
2025-07-1114.76x
2025-07-1015.13x
2025-07-0916.25x
2025-07-0816.08x
2025-07-0715.88x
2025-07-0315.91x
2025-07-0215.52x
2025-07-0115.57x
2025-06-3016.13x
2025-06-2715.81x
2025-06-2615.95x
2025-06-2516.11x
2025-06-2415.90x
2025-06-2316.03x
2025-06-2015.70x
2025-06-1815.75x
2025-06-1715.93x
2025-06-1615.61x
2025-06-1315.47x
2025-06-1215.58x
2025-06-1115.32x
2025-06-1015.44x
2025-06-0915.47x
2025-06-0615.73x
2025-06-0515.53x
2025-06-0415.29x
2025-06-0315.53x
2025-06-0215.35x
2025-05-3015.16x
2025-05-2914.63x

Showing the most recent 260 of 3,492 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