Superworth

Palo Alto Networks price to free cash flow PANW

Market value divided by free cash flow over the last twelve months, since 2013.

Today, Oct 23, 2026
75.7×
10-year median
29.1×
Against its 10-year history
98th
percentile: 0 is its lowest day, 100 its highest
10-year range
14.8× to 83.3×
Peer median
45.6×

Palo Alto Networks' price to free cash flow is 75.7× as of Oct 23, 2026.

That is above its ten-year median of 29.1×, higher than on 98% of days in the last ten years.

Over that time it ranged from 14.8× in Apr 2017 to 83.3× in Oct 2026.

The median for 10 infrastructure software stocks of a similar size is 45.6×.

Price to free cash flow over time

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

YearEnd of yearLowHigh
2026 so far75.7×30.1×83.3×
202535.6×34.5×45.2×
202439.7×29.7×43.3×
202331.8×16.7×33.1×
202217.3×17.3×41.0×
202138.3×25.0×38.6×
202029.5×16.1×37.2×
201925.8×18.8×25.9×
201819.4×16.9×23.8×
201719.1×14.8×22.2×
201617.9×17.9×37.3×
201540.4×40.4×117×
2014105×43.3×169×
201343.5×31.9×43.5×

Against its peers

Companies in Software - Infrastructure nearest Palo Alto Networks' size, closest first, today.

CompanyPrice to free cash flow
PANWPalo Alto Networks75.7×
CRWDCrowdStrike164×
ORCLOraclen/m
PLTRPalantir Technologies141×
FTNTFortinet42.4×
NETCloudflare333×
SNPSSynopsys30.0×
XYZBlock11.8×
ZSZscaler48.8×
TWLOTwilion/m
OKTAOkta38.0×
Peer median45.6×

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 Palo Alto Networks

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