Palo Alto Networks (PANW) valuation
Palo Alto Networks P/E ratio history
Palo Alto Networks has no meaningful price to earnings ratio at the last close, which happens when earnings over the last twelve months are negative or close to zero. At its last 3 fiscal year ends its P/E ranged from 44.6 (year to Jul 2024) to 195.3 (year to Jul 2023), with a median of 108.5.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Jul 31, 2026 | $331.83 | $0.40 | n/m | 82.4 |
| Jul 31, 2025 | $173.60 | $1.60 | 108.5 | 48.5 |
| Jul 31, 2024 | $162.37 | $3.64 | 44.6 | 53.8 |
| Jul 31, 2023 | $124.98 | $0.64 | 195.3 | 52.1 |
| Jul 31, 2022 | $83.18 | -$0.45 | n/m | 56.7 |
| Jul 31, 2021 | $66.51 | -$0.86 | n/m | — |
| Jul 31, 2020 | $42.65 | -$0.46 | n/m | — |
| Jul 31, 2019 | $37.76 | -$0.14 | n/m | — |
| Jul 31, 2018 | $33.04 | -$0.23 | n/m | — |
| Jul 31, 2017 | $21.96 | -$0.37 | n/m | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Palo Alto Networks valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Palo Alto NetworksPANW | $298B | — | 87.3 | 26.0 |
| CrowdStrike HoldingsCRWD | $255B | — | 174.7 | 47.3 |
| FortinetFTNT | $99.7B | 44.3 | 35.9 | 13.2 |
| CloudflareNET | $99.2B | — | 190.1 | 39.5 |
| ZscalerZS | $38.5B | — | 48.4 | 11.5 |
| OktaOKTA | $36.2B | 125.5 | 50.1 | 11.8 |
| Gen DigitalGEN | $17.4B | 14.7 | 9.3 | 3.3 |
| SentinelOneS | $8.62B | — | 64.5 | 7.9 |
| QualysQLYS | $7.89B | 38.8 | 27.5 | 11.2 |
| Peer median | 41.6 | 49.3 | 11.6 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: PANW financials · PANW returns
No forecast, no recommendation. This page describes Palo Alto Networks from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.