Palo Alto Networks
PANWClose · Oct 16, 2026342.00P/E n/m · EV $260.7B
EV / revenue22.7×EV / gross profit 32.3×
Rule of 4063growth +24% + FCF +38%
+79% above 5y medianEV / revenue vs. its own five years
10.2×
53
18%
11%
1 of 3
Against the line
line 40score 63
growth 24 ptFCF margin 38 pt
Growth +24% plus FCF margin +38% is 63 points, 23 above the line at 40.
Where it has traded
Five-year median 12.7×, middle half 10.7–14.7×, range 8.6–22.0×. Now 22.7×: +79% above its own median, higher than 100% of those quarters.
What the cash flow really is
No waterfall: the cash-flow window or the SBC line is unusable this run.
Against its scale group
Revenue growth+24% vs. +26%
Gross margin70% vs. 76%
FCF margin+38% vs. +32%
SBC / revenue— vs. 14%
Rule of 4063 vs. 59
EV / revenue22.7× vs. 18.5×
Group averages are the plain mean of the other companies in the same scale group with a usable window.
Quarter by quarter
Revenue, $B3.41
Growth YoY, quarter+34%
FCF margin, quarter+37%
SBC / revenue, quarter3%