PANW
Palo Alto Networks
PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: PANW
- PE Ratio
As of Jun 22, 2026, the Palo Alto Networks stock's price-to-earnings ratio is 227.3. This results from the current EPS of $1.26 and stock price of $286.4. The P/E ratio has increased by 93% from the past four quarters average of 117.6.
PANW PE ratio history
The PE ratio of Palo Alto Networks has averaged 192.87 over the last four years. The current PE ratio of 227.3 is 18% above the historical average. In the past four years, PANW's PE ratio was at its highest in the Jan 2023 quarter at 1,322, when the stock price was $79.32 and the EPS was $0.06. The lowest value was in the Apr 2024 quarter, when it reached 37.68 with a price of $145.45 and an EPS of $3.86.
Palo Alto Networks PE ratio by year
Maximum annual increase: 152.6% in 2025
Maximum annual decrease: -76.53% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 101.52 | 152.6% | $173.6 | $1.71 |
| 2024 | 40.19 | -76.53% | $162.37 | $4.04 |
| 2023 | 171.21 | N/A | $124.98 | $0.73 |
| 2022 | N/A | N/A | $83.18 | -$0.45 |
| 2021 | N/A | N/A | $66.51 | -$0.86 |
| 2020 | N/A | N/A | $42.65 | -$0.46 |
| 2019 | N/A | N/A | $37.76 | -$0.15 |
| 2018 | N/A | N/A | $33.04 | -$0.22 |
| 2017 | N/A | N/A | $21.96 | -$0.37 |
| 2016 | N/A | N/A | $21.82 | -$0.37 |
| 2015 | N/A | N/A | $30.97 | -$0.27 |
| 2014 | N/A | N/A | $13.48 | -$0.51 |
| 2013 | N/A | N/A | $8.16 | -$0.07 |
| 2012 | N/A | N/A | $9.52 | $0 |
| 2011 | N/A | N/A | N/A | -$0.15 |
Palo Alto Networks PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Apr 2026 | 142.32 | 50.38% | $179.32 | $1.26 |
| Jan 2026 | 94.64 | -28.24% | $176.97 | $1.87 |
| Oct 2025 | 131.88 | 29.91% | $220.24 | $1.67 |
| Jul 2025 | 101.52 | 2.1% | $173.6 | $1.71 |
| Apr 2025 | 99.43 | 3.52% | $186.93 | $1.88 |
| Jan 2025 | 96.05 | 126.05% | $184.42 | $1.92 |
| Oct 2024 | 42.49 | 5.72% | $180.17 | $4.24 |
| Jul 2024 | 40.19 | 6.66% | $162.37 | $4.04 |
| Apr 2024 | 37.68 | -19.86% | $145.45 | $3.86 |
| Jan 2024 | 47.02 | -60.92% | $169.26 | $3.6 |
| Oct 2023 | 120.31 | -29.73% | $121.51 | $1.01 |
| Jul 2023 | 171.21 | -32.44% | $124.98 | $0.73 |
| Apr 2023 | 253.42 | -80.83% | $91.23 | $0.36 |
| Jan 2023 | 1,322 | N/A | $79.32 | $0.06 |
| Oct 2022 | N/A | N/A | $85.8 | -$0.24 |
PANW Price vs fair value
PANW average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of PANW is greater than its 3, 5 and 10-year historical averages.
PE comparison
With a P/E of 227.3, PANW stands above the Technology sector, the industry and its peers average.
PANW PE vs peers
PANW's PE ratio is higher than its peer stocks CSCO and IBM. Palo Alto Networks is presently trading at a higher PE ratio (227.3) than its peer group average of 28.45.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 8.66 | $21.62B |
| CHKP Check Point Software Technologies Ltd. | 12.51 | $13.09B |
| IBM International Business Machines Corp | 22.88 | $247.94B |
| FFIV F5 Networks Inc | 31.58 | $21.97B |
| CSCO Cisco Systems Inc | 40.46 | $480.03B |
| FTNT Fortinet Inc | 56.97 | $108.52B |
| PANW Palo Alto Networks Inc | 230.77 | $236.98B |
| INTC Intel Corp | N/A | $664.69B |
Frequently asked questions
What is Palo Alto Networks's PE ratio?
PANW's price to earnings ratio is 227.3 as of Jun 22, 2026.
What is the 3-year average PE ratio for Palo Alto Networks (PANW)?
As an average over the last 3 years, PANW stock has a PE ratio of 93.73.
What is the 5-year average PE ratio for Palo Alto Networks (PANW)?
As an average over the last 5 years, PANW stock has a PE ratio of 192.87.
What is the highest PE ratio for PANW?
Over the last four years, the quarterly PE ratio reached a historic high of 1,322 in the Jan 2023 quarter.
How does the current PE ratio for PANW compare to its historical average?
PANW's price to earnings ratio is currently 18% above its 4-year historical average.
Why is Palo Alto Networks's PE ratio so high?
PANW's PE ratio is high because the stock price is relatively expensive compared to the earnings generated by the company.
How is PANW's PE ratio calculated (Palo Alto Networks PE ratio formula)?
The PE ratio is calculated by dividing the most recent price of a stock by its trailing twelve months EPS. As of today (Jun 22, 2026), Palo Alto Networks's stock price is $286.4. The earnings per share for the trailing twelve months (TTM) ending Apr 2026 is $1.26. Therefore, Palo Alto Networks's P/E ratio for today is 227.3. PE RATIO(227.3) = STOCK PRICE($286.4) / TTM EPS($1.26)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.