Cybersecurity Stocks vs Their Own 5-Year Valuation Range
Every covered cybersecurity company (platforms, identity, zero trust, security operations, data resilience) ranked by where its EV/Sales multiple sits in its own 5-year history.
Whole-business value, debt included, relative to trailing revenue.
| Name | Sector | Price | EV/Sales (TTM)Enterprise value (market value plus net debt) divided by the last twelve months of revenue. Prices the whole business rather than the equity alone. | Where today's multiple sits in this stock's own last five years of weekly readings. 10 means cheaper than 90% of its own history. Lower is cheaper versus itself; it never compares one stock to another. | The percent gap between today's multiple and this stock's own 5-year median. -40% means the multiple is 40% below its typical level of the last five years. | Rev YoYTrailing-twelve-month revenue versus the same period a year earlier. The small arrow marks the trend: up means growth is accelerating versus two quarters ago, down means decelerating. | |
|---|---|---|---|---|---|---|---|
| RPD | Rapid7 | Information Technology | $12.43 | 0.5× | 7 | -87.9% | +0.1%decelerating |
| ZS | Zscaler | Information Technology | $202.64 | 9.9× | 14 | -31.8% | +25.4%accelerating |
| ESTC | Elastic | Information Technology | $95.18 | 5.0× | 25 | -18.4% | +16.2%decelerating |
| S | SentinelOne | Information Technology | $25.40 | 7.3× | 40 | -11.1% | +21.1%decelerating |
| VRNS | Varonis | Information Technology | $48.44 | 7.8× | 48 | -3.7% | +15.6%accelerating |
| AKAM | Akamai Technologies | Information Technology | $108.92 | 4.5× | 56 | +2.5% | +5.9%accelerating |
| QLYS | Qualys | Information Technology | $198.35 | 9.5× | 61 | +7.1% | +10.4%accelerating |
| CVLT | Commvault | Information Technology | $153.95 | 5.3× | 68 | +28.9% | +15.5%decelerating |
| RBRK | Rubrik | Information Technology | $123.64 | 16.1× | 82 | +29.7% | +42.4%decelerating |
| SAIL | SailPoint | Information Technology | $20.20 | 9.6× | 88 | +26.9% | +20.1%decelerating |
| OKTA | Okta | Information Technology | $218.37 | 12.0× | 89 | +97.0% | +11.2%decelerating |
| NET | Cloudflare | Information Technology | $349.07 | 48.4× | 90 | +98.2% | +33.5%accelerating |
| FTNT | Fortinet | Information Technology | $180.95 | 17.5× | 96 | +57.3% | +18.8%accelerating |
| CRWD | CrowdStrike | Information Technology | $270.04 | 51.5× | 98 | +114.3% | +24.3%accelerating |
| PANW | Palo Alto Networks | Information Technology | $403.24 | 26.7× | 98 | +104.8% | +24.5%accelerating |
| FFIV | F5, Inc. | Information Technology | $454.04 | 7.4× | 100 | +73.1% | +9.4%accelerating |
| CHKP | Check Point Software | Information Technology | $129.79 | 4.7× | — | — | +1.3% |
| NTSK | Netskope | Information Technology | $18.40 | 8.8× | — | +4.3% | +30.4% |
Computed from SEC filings and weekly prices for the S&P 500 plus a watchlist · updated Oct 6, 2026
Methodology
Universe filtered to the cybersecurity cohort. Ranked on EV/Sales because many security companies have little or no GAAP profit, which makes P/E unavailable or noisy. For each name we compute the trailing-twelve-month EV/Sales weekly over the past 5 years and rank today’s value within that distribution, lowest first. A high percentile means the multiple is near the top of its own history; it says nothing about future returns. Companies listed for less than about two years show a value but no rank. Government IT contractors with cyber units are covered on the AI Cyber Defense theme page rather than here, because security is a minority of their revenue.