Palo Alto Networks price to sales ratio PANW

Market value divided by revenue over the last twelve months, since 2013.

Today, Oct 23, 2026: 27.1×
10-year median: 9.5×
Against its 10-year history: 98th; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.6× to 29.8×
Peer median: 12.3×

Palo Alto Networks' price to sales ratio is 27.1× as of Oct 23, 2026.

That is above its ten-year median of 9.5×, higher than on 98% of days in the last ten years.

Over that time it ranged from 4.6× in Mar 2020 to 29.8× in Oct 2026.

The median for 10 infrastructure software stocks of a similar size is 12.3×.

Price to sales ratio over time

median 9.5×

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	27.1×	11.6×	29.8×
2025	13.7×	11.9×	16.0×
2024	14.7×	11.5×	16.5×
2023	12.9×	7.0×	13.4×
2022	7.3×	7.3×	12.7×
2021	12.1×	8.1×	12.2×
2020	9.4×	4.6×	9.8×
2019	7.6×	6.8×	9.1×
2018	7.2×	6.8×	10.1×
2017	7.1×	6.4×	9.6×
2016	7.7×	7.7×	13.5×
2015	14.7×	14.3×	20.0×
2014	15.5×	9.0×	15.5×
2013	9.6×	7.4×	9.6×

Against its peers

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

Company	Price to sales ratio
PANWPalo Alto Networks	27.1×
CRWDCrowdStrike	48.9×
ORCLOracle	5.3×
PLTRPalantir Technologies	76.8×
FTNTFortinet	17.5×
NETCloudflare	46.2×
SNPSSynopsys	8.8×
XYZBlock	1.8×
ZSZscaler	12.4×
TWLOTwilio	7.2×
OKTAOkta	12.1×
Peer median	12.3×

What the price to sales ratio tells you

Market value divided by revenue over the last twelve months. Useful for companies with little or no profit yet, since sales are harder to make negative than earnings.

Ignores margins entirely. A software company at 10× sales with 30% margins can be cheaper than a grocer at 1× sales with 2% margins.

More on Palo Alto Networks

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