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 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
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Palo Alto Networks, Inc. (PANW) | — | 18.44x | 14.26x | 14.47x | 12.96x |
| Seagate Technology Holdings plc (STX) | $182.47B | 17.18x | 8.23x | 4.97x | 3.78x |
| Amphenol Corporation (APH) | $184.89B | 8.04x | 8.14x | 6.55x | 5.75x |
| Western Digital Corporation (WDC) | $167.87B | 15.66x | 7.22x | 3.75x | 2.63x |
| Analog Devices, Inc. (ADI) | $191.81B | 15.66x | 13.61x | 11.24x | 10.48x |
| CrowdStrike Holdings, Inc. (CRWD) | $164.89B | 32.06x | 26.01x | 22.92x | 25.53x |
| QUALCOMM Incorporated (QCOM) | $202.82B | 4.86x | 4.27x | 4.59x | 4.55x |
| Salesforce, Inc. (CRM) | $141.00B | 4.27x | 5.56x | 6.87x | 7.25x |
| Shopify Inc. (SHOP) | $140.41B | 11.27x | 16.66x | 14.76x | 17.77x |
| Uber Technologies, Inc. (UBER) | $139.66B | 2.77x | 3.75x | 3.72x | 3.86x |
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
| DATE | EV/SALES RATIO |
|---|---|
| 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 |
| 2025-07-11 | 14.76x |
| 2025-07-10 | 15.13x |
| 2025-07-09 | 16.25x |
| 2025-07-08 | 16.08x |
| 2025-07-07 | 15.88x |
| 2025-07-03 | 15.91x |
| 2025-07-02 | 15.52x |
| 2025-07-01 | 15.57x |
| 2025-06-30 | 16.13x |
| 2025-06-27 | 15.81x |
| 2025-06-26 | 15.95x |
| 2025-06-25 | 16.11x |
| 2025-06-24 | 15.90x |
| 2025-06-23 | 16.03x |
| 2025-06-20 | 15.70x |
| 2025-06-18 | 15.75x |
| 2025-06-17 | 15.93x |
| 2025-06-16 | 15.61x |
| 2025-06-13 | 15.47x |
| 2025-06-12 | 15.58x |
| 2025-06-11 | 15.32x |
| 2025-06-10 | 15.44x |
| 2025-06-09 | 15.47x |
| 2025-06-06 | 15.73x |
| 2025-06-05 | 15.53x |
| 2025-06-04 | 15.29x |
| 2025-06-03 | 15.53x |
| 2025-06-02 | 15.35x |
| 2025-05-30 | 15.16x |
| 2025-05-29 | 14.63x |
Showing the most recent 260 of 3,492 data points. The chart above shows the full history.
Related Metrics
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.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Nikesh Arora