What is PANW's five-year median P/E?

116.5x. Half of PANW's weekly readings since February 2023 were higher and half were lower. This page has 684 weekly readings, from Sep 23, 2013 to Oct 26, 2026.

Does a low historical rank mean a stock is a buy?

No. The rank compares PANW only with its own past. Slower growth or more risk can justify a lower multiple than before. P/E uses earnings and P/S uses revenue from the last twelve months.

Palo Alto Networks (PANW) valuation

Information TechnologyPart of the AI cyber defense theme

$380.57

Latest weekly close · Market cap $290.8B

Palo Alto Networks' P/E of 809.7x is higher than 92% of its weekly readings since February 2023, but its recent earnings include a large one-time loss outside its main business. Its P/S is higher than 97% of its weekly readings (as of Oct 30, 2026).

Forward P/E 77.3× (analyst estimates, not ranked).

Weekly P/E since February 2023

P/E each weekMiddle half of its readingsMedian 116.5×

Median: 116.5×
Low to high: 42.0× to 2,605.3×
Versus median: +595%
History starts: February 2023

P/E

92ndpercentile

of its weekly readings since February 2023

Recent earnings include a large one-time loss outside the main business.

Growth, last 12 months vs the year before

Revenue: +24%accelerating
EPS: -71%

Price vs revenue and EPS, indexed to 100

Each line starts at 100 at its first positive reading over the last five years. Revenue and EPS change at fiscal quarter ends.

PriceRevenue, last 12 monthsEPS, last 12 months100 = first reading

P/E at each year-end

The last weekly reading of each year, and its percentile against the five years before it.

PANW P/E at each year-end
Year-end	P/E	5-year percentile	P/S	EV/Sales	EV/EBITDA
Dec 29, 2025	113.5×	50	13.3×	12.9×	76.2×
Dec 30, 2024	47.7×	24	15.7×	15.3×	119.6×
Dec 25, 2023	166.6×	6	14.3×	13.8×	115.0×
Dec 26, 2022	n/m	Too little history	8.1×	8.1×	243.5×
Dec 27, 2021	n/m	Too little history	11.9×	12.0×	n/m
Dec 28, 2020	n/m	Too little history	9.5×	9.5×	699.2×
Dec 30, 2019	n/m	Too little history	7.6×	7.1×	234.6×
Dec 31, 2018	n/m	Too little history	7.1×	6.5×	n/m
Dec 25, 2017	n/m	Too little history	7.1×	6.5×	n/m
Dec 26, 2016	n/m	Too little history	7.6×	7.0×	n/m

Information Technology peers on P/E

Each percentile compares a stock with its own last five years.

Compare PANW with peers

Information Technology peers of PANW on P/E
Stock	P/E	Versus its own history	5-year percentile
CRWDCrowdStrike	4,178.4×	Historically high	96
DLBDolby Laboratories Inc	26.8×	Below its usual range	24
FTNTFortinet	45.3×	Within its usual range	40
GENGen Digital	14.2×	Below its usual range	22
GTLBGitlab Inc	n/m	Not ranked	n/m, not ranked

Appears in

Sector: Information Technology
Themes: AI Cyber Defense
Screens: Cybersecurity Stocks vs Their Own 5-Year Valuation Range
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Semiconductor Equipment Stocks: Valuation Screen

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Research on PANW

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About this history

What is PANW's current P/E?: Palo Alto Networks' P/E of 809.7x is higher than 92% of its weekly readings since February 2023, but its recent earnings include a large one-time loss outside its main business. Its P/S is higher than 97% of its weekly readings (as of Oct 30, 2026).
What is PANW's five-year median P/E?: 116.5x. Half of PANW's weekly readings since February 2023 were higher and half were lower. This page has 684 weekly readings, from Sep 23, 2013 to Oct 26, 2026.
Does a low historical rank mean a stock is a buy?: No. The rank compares PANW only with its own past. Slower growth or more risk can justify a lower multiple than before. P/E uses earnings and P/S uses revenue from the last twelve months.