PANW P/B: current value, 10-year range and year-by-year history
Cash & Leverage
PANW's p/b is lower than 95% of the last 10 years.
P/B History
PANW P/B by year
Yearly range of PANW’s p/b from 2016 to 2026. Over the full period it ranged from 4.8 to 524.2, averaging 49.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 4.8 | 10.7 | 15.9 | 10.1 |
| 2025 | 15.0 | 18.7 | 23.2 | 15.1 |
| 2024 | 20.1 | 26.5 | 55.7 | 21.8 |
| 2023 | 38.2 | 63.7 | 106.4 | 47.5 |
| 2022 | 89.5 | 250.4 | 524.2 | 93.0 |
| 2021 | 25.4 | 51.3 | 106.9 | 104.8 |
| 2020 | 8.1 | 23.6 | 47.6 | 45.4 |
| 2019 | 12.0 | 15.5 | 22.3 | 14.7 |
| 2018 | 12.2 | 21.4 | 26.8 | 14.0 |
| 2017 | 11.3 | 15.4 | 19.5 | 18.7 |
| 2016 | 12.2 | 15.2 | 18.2 | 12.2 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is PANW P/B High or Low Right Now?
Palo Alto Networks, Inc.'s P/B is currently 10.1, which is near historic low relative to its 10-year historical range. The 10-year median P/B for PANW is approximately 22.1. See all PANW valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.