Arista Networks, Inc. (ANET) P/E Ratio History
ExpensiveTrading at 61.7x vs 5Y avg 39.8x · 100th percentile · Material premium to history · Data 2014–2026
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P/E Ratio Analysis
As of June 21, 2026, Arista Networks, Inc. (ANET) trades at a price-to-earnings ratio of 61.7x, with a stock price of $169.67 and trailing twelve-month earnings per share of $2.92.
The current P/E is 55% above its 5-year average of 39.8x. Over the past five years, ANET's P/E has ranged from a low of 28.4x to a high of 55.4x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 29.0x, ANET trades at a 113% premium to its sector peers. The sector includes 352 companies with P/E ratios ranging from 0.0x to 187.7x.
The PEG ratio of 1.52 (P/E divided by 23% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, ANET commands a significant premium over the S&P 500 median P/E of 24.4x. 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 ANET 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.
ANET Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
ANET P/E vs Peers
Networking and Connectivity Hardware peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $471B | 46.9 | - | +0% | |
| $61B | 503.8 | - | +47% | |
| $272B | 47.2 | 3.04 | +36% | |
| $22B | 32.7Lowest | 1.75 | +24% | |
| $2B | 146.0 | - | +158% | |
| $5.1T | 43.0 | 0.45Best | +67% | |
| $272B | 101.2 | - | +401%Best |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
ANET Historical P/E Data (2014–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $122.78 | $2.92 | 42.0x | +4% |
| FY2025 Q4 | Dec 31 2025 | $131.03 | $2.76 | 47.5x | +18% |
| FY2025 Q3 | - | $145.71 | $2.63 | 55.4x | +37% |
| FY2025 Q2 | Jun 30 2025 | $102.31 | $2.54 | 40.3x | -0% |
| FY2025 Q1 | Mar 31 2025 | $77.48 | $2.36 | 32.8x | -19% |
| FY2024 Q4 | - | $110.53 | $2.22 | 49.8x | +23% |
| FY2024 Q3 | Sep 30 2024 | $95.96 | $2.08 | 46.1x | +14% |
| FY2024 Q2 | Jun 30 2024 | $87.62 | $1.93 | 45.4x | +12% |
| FY2024 Q1 | Mar 31 2024 | $72.50 | $1.80 | 40.3x | -0% |
| FY2023 Q4 | Dec 31 2023 | $58.88 | $1.65 | 35.7x | -12% |
| FY2023 Q3 | Sep 30 2023 | $45.98 | $1.51 | 30.5x | -25% |
| FY2023 Q2 | Jun 30 2023 | $40.52 | $1.36 | 29.8x | -26% |
| FY2023 Q1 | Mar 31 2023 | $41.97 | $1.21 | 34.7x | -14% |
| FY2022 Q4 | Dec 31 2022 | $30.34 | $1.07 | 28.4x | -30% |
| FY2022 Q3 | Sep 30 2022 | $28.22 | $0.92 | 30.7x | -24% |
| FY2022 Q2 | - | $23.44 | $0.82 | 28.6x | -29% |
| FY2022 Q1 | - | $34.74 | $0.73 | 47.6x | +18% |
| FY2021 Q4 | Dec 31 2021 | $35.94 | $0.66 | 54.5x | +35% |
| FY2021 Q3 | - | $21.48 | $0.61 | 35.2x | -13% |
| FY2021 Q2 | Jun 30 2021 | $22.64 | $0.56 | 40.4x | +0% |
| FY2021 Q1 | Mar 31 2021 | $18.87 | $0.52 | 36.3x | -10% |
| FY2020 Q4 | - | $18.16 | $0.49 | 37.1x | -8% |
| FY2020 Q3 | Sep 30 2020 | $12.93 | $0.55 | 23.5x | -42% |
| FY2020 Q2 | - | $13.13 | $0.58 | 22.6x | -44% |
| FY2020 Q1 | - | $12.66 | $0.62 | 20.4x | -49% |
| FY2019 Q4 | - | $12.71 | $0.66 | 19.3x | -52% |
| FY2019 Q3 | Sep 30 2019 | $14.93 | $0.59 | 25.3x | -37% |
| FY2019 Q2 | Jun 30 2019 | $16.23 | $0.56 | 29.0x | -28% |
| FY2019 Q1 | Mar 31 2019 | $19.65 | $0.53 | 37.1x | -8% |
| FY2018 Q4 | Dec 31 2018 | $13.17 | $0.49 | 26.9x | -33% |
| FY2018 Q3 | Sep 30 2018 | $16.62 | $0.44 | 37.7x | -7% |
| FY2018 Q2 | Jun 30 2018 | $16.09 | $0.42 | 38.3x | -5% |
| FY2018 Q1 | Mar 31 2018 | $15.96 | $0.38 | 41.8x | +4% |
| FY2017 Q4 | Dec 31 2017 | $14.72 | $0.34 | 43.4x | +8% |
| FY2017 Q3 | Sep 30 2017 | $11.85 | $0.31 | 38.5x | -5% |
| FY2017 Q2 | Jun 30 2017 | $9.36 | $0.24 | 38.9x | -4% |
| FY2017 Q1 | Mar 31 2017 | $8.27 | $0.19 | 43.0x | +6% |
| FY2016 Q4 | Dec 31 2016 | $6.05 | $0.16 | 38.9x | -4% |
| FY2016 Q3 | Sep 30 2016 | $5.32 | $0.14 | 37.0x | -8% |
| FY2016 Q2 | - | $4.02 | $0.13 | 32.2x | -20% |
| FY2016 Q1 | - | $3.94 | $0.11 | 35.0x | -13% |
| FY2015 Q4 | - | $4.87 | $0.10 | 46.9x | +16% |
| FY2015 Q3 | Sep 30 2015 | $3.82 | $0.09 | 41.0x | +2% |
| FY2015 Q2 | - | $5.11 | $0.09 | 58.3x | +44% |
| FY2015 Q1 | - | $4.41 | $0.09 | 50.5x | +25% |
| FY2014 Q4 | Dec 31 2014 | $3.80 | $0.07 | 52.6x | +30% |
| FY2014 Q3 | - | $5.52 | $0.06 | 98.4x | +144% |
| FY2014 Q2 | Jun 30 2014 | $3.90 | $0.04 | 92.6x | +129% |
Average P/E for displayed period: 40.4x
Full Stock Analysis
Deep dive into ANET consensus models and risk factors.
Should I Buy ANET?
Wall Street verdict, signals, and target summaries.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
12+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ANET — Frequently Asked Questions
Quick answers to the most common questions about buying ANET stock.
What is ANET's P/E ratio?
Arista Networks, Inc. (ANET) trailing twelve-month P/E ratio is 61.7x, based on TTM diluted EPS of $2.92. The 5-year average P/E is 39.8x and the historical range spans 28.4x to 55.4x.
Is ANET stock overvalued or undervalued?
ANET trades at 61.7x P/E, above its 5-year average of 39.8x. The 100th percentile ranking within the 28.4x–55.4x historical range indicates a premium to historical valuation.
Is ANET stock expensive?
Yes, ANET is expensive relative to its own history. The current P/E of 61.7x is above the 5-year average of 39.8x and also above the Technology sector median of 29.0x. The stock sits at the 100th percentile of its 5-year valuation range.
What is ANET's historical P/E range?
Over the past 5 years, ANET's P/E ratio has ranged from 28.4x to 55.4x, with a median of 40.3x and an average of 39.8x. The current P/E of 61.7x places the stock at the 100th percentile of this range. Full historical data spans 2014–2026.
How does ANET's P/E compare to the S&P 500?
ANET trades at 61.7x P/E versus the S&P 500 median of 24.4x. The 153% premium to the market typically reflects higher expected earnings growth or quality.
How does ANET's valuation compare to Technology peers?
Arista Networks, Inc. P/E of 61.7x compares to the Technology sector median of 29.0x. 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 ANET's PEG ratio?
ANET PEG ratio is 1.52, based on a P/E of 61.7x and EPS growth of 23.3%. A PEG between 1 and 2 suggests valuation aligns with growth expectations — typically considered fair.
What is ANET's earnings yield?
ANET earnings yield is 1.62%, the inverse of its 61.7x 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.