Arista Networks price to free cash flow ANET

Market value divided by free cash flow over the last twelve months, since 2015.

Today, Oct 23, 2026: 42.2×
10-year median: 40.8×
Against its 10-year history: 55th; percentile: 0 is its lowest day, 100 its highest
10-year range: 13.3× to 116×
Peer median: 25.7×

Arista Networks' price to free cash flow is 42.2× as of Oct 23, 2026.

That is above its ten-year median of 40.8×, close to the middle of its last ten years.

Over that time it ranged from 13.3× in Mar 2020 to 116× in Mar 2023.

The median for 8 computer hardware stocks of a similar size is 25.7×.

Price to free cash flow over time

median 40.8×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	42.2×	33.8×	53.0×
2025	41.0×	22.1×	51.2×
2024	44.8×	36.6×	58.2×
2023	48.6×	42.6×	116×
2022	58.5×	31.0×	65.4×
2021	48.3×	26.8×	48.3×
2020	25.4×	13.3×	25.4×
2019	17.1×	15.5×	53.8×
2018	41.9×	23.6×	49.8×
2017	35.7×	30.5×	93.5×
2016	39.2×	19.2×	55.8×
2015	63.2×	38.3×	63.2×

Against its peers

Companies in Computer Hardware nearest Arista Networks' size, closest first, today.

Company	Price to free cash flow
ANETArista Networks	42.2×
SNDKSandisk	15.8×
DELLDell Technologies	33.9×
STXSeagate Technology	46.0×
WDCWestern Digital	n/m
HPEHewlett Packard Enterprise	18.1×
NTAPNetApp	25.7×
PEverpure	321×
HPQHP	7.8×
Peer median	25.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Arista Networks

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.