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Price / book at other companies

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MicrosoftMSFT
6.3×-4.3×
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7.4×+2.5×
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3.1×+2.3×
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3.4×+0.8×
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5.5×-3.7×
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FortinetFTNT
72.6×+33.8×

Other financials

Income statement

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Revenue$3.0B+31.1%
Gross profit$2.0B+21.4%
Operating income-$183.0M-184%
Net income-$177.0M-168%
EPS (diluted)-$0.22-159%

Balance sheet

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Cash & equivalents$2.4B-0.9%
Total debt$2.2B+206%
Total equity$27.7B+283%
Total assets$46.3B+110%

Cash flow

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Operating cash flow$871.0M+38.7%
CapEx$83.0M+22.1%
Free cash flow$788.0M+40.7%

Valuation

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Market cap$298.57B+156%
Enterprise value$298.42B+160%
P/E354.2×+251×
P/S28.2×+15.5×

Profitability

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Gross margin71.9%-1.6pp
Operating margin9.6%-1.5pp
Net margin7.9%-6.0pp
FCF margin35.8%+2.0pp

Returns & leverage

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Return on equity4.8%-16.3pp
Debt / equity0.1×0.0×
Current ratio0.9×0.0×

Where this comes from

Calculated from Palo Alto Networks, Inc.’s reported figures.

Based on the most recent quarter.

The source filing: Palo Alto Networks, Inc.’s 10-Q, filed June 3, 2026. Open the filing →

Filed
Jun 2, 2026, 8:00 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001327567-26-000015

FAQ

What is Palo Alto Networks, Inc.'s price / book?
Palo Alto Networks, Inc. (PANW) reported price / book of 5.3× in Q1 2026.
How has Palo Alto Networks, Inc.'s price / book changed year-over-year?
Palo Alto Networks, Inc.'s price / book decreased by 67.4% year-over-year, from 16.1× to 5.3×.
What is the long-term trend for Palo Alto Networks, Inc.'s price / book?
Over 4 years (2021 to 2025), Palo Alto Networks, Inc.'s price / book has grown at a 9.4% compound annual growth rate (CAGR), from 10.3× to 14.8×.
What does price / book mean?
Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

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