Palo Alto Networks (PANW) EV to EBITDA (2012 - 2026)
Palo Alto Networks' (PANW) EV to EBITDA stood at 124.94 in fiscal Q4 2026 (quarter ended Jul 31, 2026), up 128.4% from 54.70 a year earlier and up 89.6% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) EV to EBITDA (2012 - 2026) Analysis & Trends
Starting with fiscal Q4 2012, Palo Alto Networks' EV to EBITDA history includes 36 quarters.
- Across earlier fiscal years, EV to EBITDA came in at 54.70 in FY2025 (-24.9%), 72.84 in FY2024 (+5.6%), 68.96 in FY2023 (-31.8%) and 101.06 in FY2022 (-28.5%).
- The fiscal Q4 2026 figure is the highest quarterly EV to EBITDA since fiscal Q3 2022.
- On a year-over-year basis, EV to EBITDA rose in three of the last eight quarters, with growth averaging 11.8%.
- Peak year-over-year performance for EV to EBITDA in the last five years was growth of 232.0% in fiscal Q1 2022, against a decline of 61.6% in fiscal Q2 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 65.90 (Q3 2026), 52.32 (Q2 2026) and 70.20 (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 124.94 |
| Apr 30, 2026 | 65.90 |
| Jan 31, 2026 | 52.32 |
| Oct 31, 2025 | 70.20 |
| Jul 31, 2025 | 54.70 |
| Apr 30, 2025 | 67.86 |
| Jan 31, 2025 | 73.57 |
| Oct 31, 2024 | 88.79 |
| Jul 31, 2024 | 86.07 |
| Apr 30, 2024 | 76.06 |
| Jan 31, 2024 | 96.25 |
| Oct 31, 2023 | 66.48 |
| Jul 31, 2023 | 84.28 |
| Apr 30, 2023 | 81.44 |
| Jan 31, 2023 | 87.69 |
| Oct 31, 2022 | 121.68 |
| Jul 31, 2022 | 162.06 |
| Apr 30, 2022 | 268.89 |
| Jan 31, 2022 | 373.50 |
| Oct 31, 2021 | 436.04 |
API Access
Palo Alto Networks EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "PANW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();