Palo Alto Networks
Financial ratios & Valuation

Forward Multiples (2026 – 2028)

202620272028
Price/Earnings ratio
42.6923.3129.42
Price/Sales ratio
1.671.401.25
Earnings per Share (EPS)
$4.23$7.74$6.14

Historical Multiples (2015 – 2024)

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TTM Median
Valuation Ratios
Price/Earnings ratio
-91.90-24.76-27.55-122.91-261.41-46.43-77.10-93.64172.3640.211.69K-261.41
Price/Sales ratio
16.334.053.387.997.383.639.034.5410.9912.919.467.38
Price/Book Value ratio
26.337.087.8518.3913.4911.2550.37119.0543.3420.0579.9513.49
Price/Cash Flow ratio
43.288.506.8717.5220.2811.9725.5912.5927.2831.8220.4920.28
Price/Free Cash Flow ratio
47.919.558.4619.6523.1615.0927.7313.9528.8033.4221.6721.67
Price/Earnings Growth ratio
2.67-0.873.943.785.64-0.21-0.871.95-0.660.0850.545.64
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
72.90%73.15%72.94%71.61%72.12%70.67%70.04%68.75%72.29%74.34%69.76%70.67%
Operating Profit Margin
-14.38%-13.79%-10.20%-5.67%-4.98%-5.25%-7.14%-3.43%5.61%8.51%0.37%-4.98%
Pretax Profit Margin
-16.76%-14.87%-11.01%-5.72%-2.57%-6.80%-10.92%-3.76%8.21%12.31%1.35%-2.57%
Net Profit Margin
-17.77%-16.38%-12.29%-6.50%-2.82%-7.83%-11.72%-4.85%6.37%32.10%0.55%-2.82%
Effective Tax Rate
-6.04%-10.14%-11.59%-13.59%-9.78%-15.18%-7.29%-28.86%22.35%-160.81%58.97%-9.78%
Return on Assets
-8.39%-8.18%-6.29%-2.53%-1.24%-2.94%-4.87%-2.17%3.03%12.89%0.26%-1.24%
Return On Equity
-28.65%-28.59%-28.51%-14.96%-5.16%-24.23%-65.33%-127.14%25.14%49.85%7.68%-5.16%
Return on Capital Employed
-14.31%-9.93%-8.03%-3.50%-3.18%-2.80%-5.93%-4.78%5.72%5.55%0.48%-3.18%
Liquidity Ratios
Current Ratio
1.042.031.641.931.781.900.90N/AN/AN/A0.631.90
Quick Ratio
1.042.031.641.931.781.900.900.770.730.890.541.90
Cash ratio
0.360.860.611.170.461.090.360.250.140.190.151.09
Days of Sales Outstanding
83.5292.3289.5374.9873.31111.06106.37142.14151.02152.0775.7873.31
Days of Inventory outstanding
N/A0.000.000.00N/A0.00N/AN/A64.83N/AN/A0.00
Operating Cycle
83.5292.3289.5374.9873.31111.06106.37142.14215.85152.0718.68111.06
Days of Payables Outstanding
19.1629.7927.1827.9433.0923.2216.2927.1825.2820.6125.1623.22
Cash Conversion Cycle
64.3562.5362.3447.0440.2187.8390.08114.96190.57131.4550.6140.21
Debt Ratios
Debt Ratio
N/A0.180.150.320.210.340.310.300.130.040.940.21
Debt Equity Ratio
N/A0.630.691.940.902.794.2217.501.130.1817.050.90
Long-term Debt to Capitalization
N/A0.380.400.580.470.730.68N/AN/AN/A0.270.73
Total Debt to Capitalization
N/A0.380.400.660.470.730.800.940.530.150.840.47
Interest Coverage Ratio
-5.98-8.12-7.33-4.36-0.64-2.01-1.86N/AN/AN/A1.04-0.64
Cash Flow to Debt Ratio
N/A1.311.650.540.730.330.460.531.393.370.710.71
Company Equity Multiplier
3.413.494.525.894.158.2213.4158.358.293.8618.054.15
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.370.470.490.450.360.300.350.360.400.400.460.36
Free Cash Flow / Operating Cash Flow Ratio
0.900.880.810.890.870.790.920.900.940.950.940.87
Cash Flow Coverage Ratio
N/A1.311.650.540.730.330.460.531.393.370.710.71
Short Term Coverage Ratio
N/AN/AN/A1.88N/AN/A0.960.531.393.370.77N/A
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A