Palo Alto Networks, Inc. (PANW) P/E Ratio History
UndervaluedTrading at 210.7x vs 5Y avg 271.4x · 86th percentile · Below historical baseline · Data 2023–2026
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P/E Ratio Analysis
As of July 8, 2026, Palo Alto Networks, Inc. (PANW) trades at a price-to-earnings ratio of 210.7x, with a stock price of $337.04 and trailing twelve-month earnings per share of $1.13.
The current P/E is 22% below its 5-year average of 271.4x. Over the past five years, PANW's P/E has ranged from a low of 42.4x to a high of 2272.8x, placing the current valuation at the 86th percentile of its historical range.
Compared to the Technology sector median P/E of 29.6x, PANW trades at a 613% premium to its sector peers. The sector includes 359 companies with P/E ratios ranging from 0.0x to 197.0x.
Relative to the broader market, PANW commands a significant premium over the S&P 500 median P/E of 25.9x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our PANW DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
PANW Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
PANW P/E vs Peers
Cybersecurity and identity management peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $117B | 65.3 | 1.97 | +8% | |
| $14B | 14.4Lowest | 1.44 | +29% | |
| $441B | 43.8 | - | +0% | |
| $24B | 35.3 | 1.89 | +24% | |
| $3B | 32.6 | 0.86Best | +126%Best | |
| $6B | 29.0 | 1.49 | +17% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
PANW Historical P/E Data (2023–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | - | $179.32 | $1.15 | 155.9x | -43% |
| FY2026 Q2 | Jan 31 2026 | $176.97 | $1.80 | 98.3x | -64% |
| FY2026 Q1 | Oct 31 2025 | $220.24 | $1.58 | 139.4x | -49% |
| FY2025 Q4 | - | $173.60 | $1.60 | 108.5x | -60% |
| FY2025 Q3 | Apr 30 2025 | $186.93 | $1.75 | 106.8x | -61% |
| FY2025 Q2 | Jan 31 2025 | $184.42 | $1.77 | 104.2x | -62% |
| FY2025 Q1 | - | $180.17 | $3.83 | 47.0x | -83% |
| FY2024 Q4 | Jul 31 2024 | $162.37 | $3.62 | 44.9x | -83% |
| FY2024 Q3 | - | $145.45 | $3.43 | 42.4x | -84% |
| FY2024 Q2 | Jan 31 2024 | $169.26 | $3.19 | 53.0x | -80% |
| FY2024 Q1 | - | $121.51 | $0.88 | 138.1x | -49% |
| FY2023 Q4 | Jul 31 2023 | $124.98 | $0.63 | 198.4x | -27% |
| FY2023 Q3 | Apr 30 2023 | $91.23 | $0.31 | 289.7x | +7% |
| FY2023 Q2 | - | $79.32 | $0.03 | 2272.8x | +737% |
Average P/E for displayed period: 271.4x
Should I Buy PANW?
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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PANW — Frequently Asked Questions
Quick answers to the most common questions about buying PANW stock.
What is PANW's P/E ratio?
Palo Alto Networks, Inc. (PANW) trailing twelve-month P/E ratio is 210.7x, based on TTM diluted EPS of $1.13. The 5-year average P/E is 271.4x and the historical range spans 42.4x to 2272.8x.
Is PANW stock overvalued or undervalued?
PANW trades at 210.7x P/E, below its 5-year average of 271.4x. At the 86th percentile of its historical range (42.4x–2272.8x), the stock is priced at a discount to its own history.
Is PANW stock expensive?
No, PANW is not expensive on a historical basis. The current P/E of 210.7x is below the 5-year average of 271.4x and sits at the 86th percentile of its valuation range.
What is PANW's historical P/E range?
Over the past 5 years, PANW's P/E ratio has ranged from 42.4x to 2272.8x, with a median of 108.5x and an average of 271.4x. The current P/E of 210.7x places the stock at the 86th percentile of this range. Full historical data spans 2023–2026.
How does PANW's P/E compare to the S&P 500?
PANW trades at 210.7x P/E versus the S&P 500 median of 25.9x. The 714% premium to the market typically reflects higher expected earnings growth or quality.
How does PANW's valuation compare to Technology peers?
Palo Alto Networks, Inc. P/E of 210.7x compares to the Technology sector median of 29.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is PANW's PEG ratio?
PANW PEG ratio is N/A, based on a P/E of 210.7x and EPS growth of -56.0%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is PANW's earnings yield?
PANW earnings yield is 0.47%, the inverse of its 210.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.