Palo Alto Networks, Inc. (PANW) P/E Ratio History
Historical price-to-earnings valuation from 2023 to 2026
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, Palo Alto Networks, Inc. (PANW) trades at a price-to-earnings ratio of 93.1x, with a stock price of $148.92 and trailing twelve-month earnings per share of $1.80.
The current P/E is 67% below its 5-year average of 280.3x. 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 31th percentile of its historical range.
Compared to the Technology sector median P/E of 25.2x, PANW trades at a 269% premium to its sector peers. The sector includes 345 companies with P/E ratios ranging from 0.0x to 199.1x.
Relative to the broader market, PANW commands a significant premium over the S&P 500 median P/E of 26.2x. 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.
Peer Comparison
P/E metrics vs. Cybersecurity and identity management peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
PANWPalo Alto Networks, Inc. | $105B | 93.1 | - | -56% |
FTNTFortinet, Inc. | $59B | 32.5 | 0.98 | +8% |
CHKPCheck Point Software Technologies Ltd. | $16B | 20.4 | 3.11 | +5% |
GENGen Digital Inc. | $14B | 21.9 | 8.01 | +8% |
QLYSQualys, Inc. | $3B | 19.9 | 0.88Best | +15% |
OKTAOkta, Inc. | $563M | 1208.3 | - | +103% |
OSPNOneSpan Inc. | $412M | 5.8Lowest | - | +30% |
RPDRapid7, Inc. | $395M | 15.6 | - | +116% |
ALLTAllot Ltd. | $251M | 79.1 | - | +153% |
ALARAlarum Technologies Ltd. | $47M | 7.7 | - | +161%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q2 | Sat Jan 31 2026 00:00:00 GM | $176.97 | $1.80 | 98.3x | -65% |
| FY2026 Q1 | Fri Oct 31 2025 00:00:00 GM | $220.24 | $1.58 | 139.4x | -50% |
| FY2025 Q4 | $173.60 | $1.60 | 108.5x | -61% | |
| FY2025 Q3 | Wed Apr 30 2025 00:00:00 GM | $186.93 | $1.75 | 106.8x | -62% |
| FY2025 Q2 | Fri Jan 31 2025 00:00:00 GM | $184.42 | $1.77 | 104.2x | -63% |
| FY2025 Q1 | $180.17 | $3.83 | 47.0x | -83% | |
| FY2024 Q4 | Wed Jul 31 2024 00:00:00 GM | $162.37 | $3.62 | 44.9x | -84% |
| FY2024 Q3 | $145.45 | $3.43 | 42.4x | -85% | |
| FY2024 Q2 | Wed Jan 31 2024 00:00:00 GM | $169.26 | $3.19 | 53.0x | -81% |
| FY2024 Q1 | $121.51 | $0.88 | 138.1x | -51% | |
| FY2023 Q4 | Mon Jul 31 2023 00:00:00 GM | $124.98 | $0.63 | 198.4x | -29% |
| FY2023 Q3 | Sun Apr 30 2023 00:00:00 GM | $91.23 | $0.31 | 289.7x | +3% |
Average P/E for displayed period: 280.3x
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Start ComparisonFrequently Asked Questions
Is PANW stock overvalued or undervalued?
PANW trades at 93.1x P/E, below its 5-year average of 280.3x. At the 31th percentile of historical range, the stock is priced at a discount to its own history.
How does PANW's valuation compare to peers?
Palo Alto Networks, Inc. P/E of 93.1x compares to sector median of 25.2x. The premium reflects expected growth above peers.
What is PANW's PEG ratio?
PANW PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2023-2026.