Arista Networks, Inc. (ANET) P/E Ratio History
Historical price-to-earnings valuation from 2014 to 2026
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ANET Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Arista Networks, Inc. (ANET) trades at a price-to-earnings ratio of 61.9x, with a stock price of $170.22 and trailing twelve-month earnings per share of $2.92.
The current P/E is 56% 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 26.7x, ANET trades at a 132% premium to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 197.6x.
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 25.1x. 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $373B | 37.0 | - | +0% | |
| $77B | 640.9 | - | +47% | |
| $19B | 28.8Lowest | 1.54 | +24% | |
| $3B | 176.2 | - | +158% | |
| $4.8T | 40.1 | 0.42Best | +67% | |
| $146B | 55.0 | - | +401%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
ANET Historical P/E Data (2014–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $122.78 | $2.92 | 42.0x | +4% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $131.03 | $2.76 | 47.5x | +18% |
| FY2025 Q3 | $145.71 | $2.63 | 55.4x | +37% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $102.31 | $2.54 | 40.3x | -0% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $77.48 | $2.36 | 32.8x | -19% |
| FY2024 Q4 | $110.53 | $2.22 | 49.8x | +23% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $95.96 | $2.08 | 46.1x | +14% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $87.62 | $1.93 | 45.4x | +12% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $72.50 | $1.80 | 40.3x | -0% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $58.88 | $1.65 | 35.7x | -12% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $45.98 | $1.51 | 30.5x | -25% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $40.52 | $1.36 | 29.8x | -26% |
Average P/E for displayed period: 40.4x
Full ANET Stock Analysis
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Start ComparisonANET — Frequently Asked Questions
Quick answers to the most common questions about buying ANET stock.
Is ANET stock overvalued or undervalued?
ANET trades at 61.9x P/E, above its 5-year average of 39.8x. The 100th percentile ranking indicates a premium to historical valuation.
How does ANET's valuation compare to peers?
Arista Networks, Inc. P/E of 61.9x compares to sector median of 26.7x. The premium reflects expected growth above peers.
What is ANET's PEG ratio?
ANET PEG ratio is 1.52. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2014-2026.