PANW P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
PANW's p/e ratio is higher than 95% of the last 10 years.
P/E ratio History
PANW P/E ratio by year
Yearly range of PANW’s p/e ratio from 2016 to 2026. Over the full period it ranged from -365.3 to 2,881.9, averaging 48.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 78.7 | 372.2 | 954.3 | 864.9 |
| 2025 | 43.8 | 109.4 | 139.4 | 116.6 |
| 2024 | 40.6 | 58.4 | 196.5 | 47.5 |
| 2023 | -319.4 | 797.9 | 2,881.9 | 167.5 |
| 2022 | -356.7 | -170.9 | -90.6 | -279.0 |
| 2021 | -119.9 | -92.0 | -70.2 | -106.0 |
| 2020 | -225.0 | -107.2 | -71.8 | -115.0 |
| 2019 | -365.3 | -248.0 | -133.6 | -212.4 |
| 2018 | -146.3 | -107.6 | -61.1 | -140.0 |
| 2017 | -62.3 | -52.3 | -39.1 | -59.7 |
| 2016 | -58.2 | -49.4 | -44.3 | -44.3 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is PANW P/E ratio High or Low Right Now?
Palo Alto Networks, Inc.'s P/E ratio is currently 864.9, which is near historic high relative to its 10-year historical range. The 10-year median P/E ratio for PANW is approximately -70.0. See all PANW valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.