Palo Alto Networks, Inc. (PANW) P/E Ratio History
Historical price-to-earnings valuation from 2023 to 2026
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PANW Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Palo Alto Networks, Inc. (PANW) trades at a price-to-earnings ratio of 115.0x, with a stock price of $183.98 and trailing twelve-month earnings per share of $1.80.
The current P/E is 59% 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 62th percentile of its historical range.
Compared to the Technology sector median P/E of 26.7x, PANW trades at a 330% premium to its sector peers. The sector includes 358 companies with P/E ratios ranging from 0.0x to 197.6x.
Relative to the broader market, PANW 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 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 P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $67B | 37.0 | 1.12 | +8% | |
| $12B | 12.2Lowest | 1.22 | +29%Best | |
| $373B | 37.0 | - | +0% | |
| $19B | 28.8 | 1.54 | +24% | |
| $3B | 16.9 | 0.87Best | +17% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
PANW Historical P/E Data (2023–2026)
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
Full PANW Stock Analysis
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Start ComparisonPANW — Frequently Asked Questions
Quick answers to the most common questions about buying PANW stock.
Is PANW stock overvalued or undervalued?
PANW trades at 115.0x P/E, below its 5-year average of 280.3x. At the 62th 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 115.0x compares to sector median of 26.7x. 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.