Stocktoria

Palo Alto Networks Inc PANW

Nasdaq · stock · Computer Peripheral Equipment, NEC · website · IPO 2012-07-20 · LEI

Palo Alto Networks Inc statistics & valuation

Market cap$247.9B
P / E807.6×
P / S21.6×
P / B9.0×
Net margin2.7%
Return on equity1.1%
Return on capital1.8%
Graham number -95.4%$17.42

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($17.42); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-11.50% -5.40% -2.80% -7.80% -11.70% -4.90% 6.40% 32.10% 12.30% 2.70% 2017201820192020202120222023202420252026
Gross margin (%)
72.60% 71.60% 72.10% 70.70% 70.00% 68.80% 72.30% 74.30% 73.40% 70.40% 2017201820192020202120222023202420252026
Operating margin (%)
-9.40% -4.60% -1.90% -5.30% -7.10% -3.40% 5.60% 8.50% 13.50% 6.10% 2017201820192020202120222023202420252026
Return on equity (%)
-21.90% -10.50% -5.20% -24.20% -78.60% -127.10% 25.10% 49.90% 14.50% 1.10% 2017201820192020202120222023202420252026
Shares outstanding
549.0M 561.6M 580.8M 581.4M 578.2M 597.6M 684.5M 708.0M 709.0M 815.0M 2017201820192020202120222023202420252026
Net debt ($)
-$219.6M -$586.8M $468.6M $126.1M $1.35B $1.56B $856.2M 2017201820192020202120222023202420252026
Share buybacks ($)
2017201820192020202120222023202420252026
Return on assets (%)
-5.90% -2.10% -1.20% -2.90% -4.90% -2.20% 3.00% 12.90% 4.80% 0.60% 2017201820192020202120222023202420252026
Free cash flow margin (%)
2017201820192020202120222023202420252026
Debt / equity (×)
0.57× 1.65× 0.90× 2.80× 5.08× 17.51× 1.14× 2017201820192020202120222023202420252026
EPS ($)
-$0.14 -$0.46 -$0.86 -$0.45 $0.64 $3.64 $1.60 $0.40 2017201820192020202120222023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Palo Alto Networks Inc trades at about 936.8× earnings — above its 10-year norm (10-year range 49.8×–955.3×, median 190.1×).

49.8× 955.3×

Shaded band = 10-year range (49.8×–955.3×); dot = today's 936.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Gross margin70.4%73.4%74.3%72.3%68.8%70.0%70.7%72.1%71.6%72.6%
Operating margin6.1%13.5%8.5%5.6%-3.4%-7.1%-5.3%-1.9%-4.6%-9.4%
Net margin2.7%12.3%32.1%6.4%-4.9%-11.7%-7.8%-2.8%-5.4%-11.5%
Return on assets0.6%4.8%12.9%3.0%-2.2%-4.9%-2.9%-1.2%-2.1%-5.9%
Return on equity1.1%14.5%49.9%25.1%-127.1%-78.6%-24.2%-5.2%-10.5%-21.9%
Debt / equity———1.14×17.51×5.08×2.80×0.90×1.65×0.57×
Current ratio0.870.940.890.780.770.911.911.781.971.65

Computed from company filings · US · as of 2025-07-31. Facts plus Stocktoria's own computed scores — not investment advice.