Palo Alto Networks (PANW) Price to Book (2012 - 2026)
Palo Alto Networks' Price to Book came in at 9.84 for fiscal Q4 2026 (quarter ended Jul 31, 2026), down 33.6% from 14.82 a year earlier but up 86.7% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Price to Book (2012 - 2026) Analysis & Trends
Going back to fiscal Q4 2012, Palo Alto Networks' Price to Book data covers 57 quarters.
- Price to Book has declined in each of the last four fiscal years.
- Going back by fiscal year, Price to Book was 14.82 in FY2025 (-27.4%), 20.42 in FY2024 (-53.7%), 44.09 in FY2023 (-81.4%) and 236.71 in FY2022 (+286.8%).
- The five-year range for quarterly Price to Book is 5.27 (fiscal Q3 2026) to 432.61 (fiscal Q2 2022).
- Year-over-year, Price to Book has declined for 15 consecutive quarters, with an average decline of 32.3% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in fiscal Q3 2022 (growth of 379.7%), and the weakest in fiscal Q2 2023 (a decline of 84.8%).
- Business Quant data shows PANW's Price to Book at 5.27 (Q3 2026), 13.24 (Q2 2026) and 17.59 (Q1 2026) in the three fiscal quarters before Q4 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 261.23 Bn | 246.30 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 233.89 Bn | 214.29 Bn | 1.10 Bn |
| 3 | Fortinet | 125.38 Bn | 111.31 Bn | 1.64 Bn |
| 4 | Snowflake | 108.45 Bn | 95.77 Bn | 1.04 Bn |
| 5 | Datadog | 88.65 Bn | 70.29 Bn | 881.34 Mn |
| 6 | Zscaler | 33.05 Bn | 19.16 Bn | - |
| 7 | Okta | 32.99 Bn | 23.09 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.35 Bn | 26.87 Bn | 546.45 Mn |
| 9 | MongoDB | 27.25 Bn | 17.72 Bn | 569.77 Mn |
| 10 | F5 | 25.14 Bn | 19.55 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 9.84 |
| Apr 30, 2026 | 5.27 |
| Jan 31, 2026 | 13.24 |
| Oct 31, 2025 | 17.59 |
| Jul 31, 2025 | 14.82 |
| Apr 30, 2025 | 17.22 |
| Jan 31, 2025 | 19.10 |
| Oct 31, 2024 | 19.97 |
| Jul 31, 2024 | 20.42 |
| Apr 30, 2024 | 21.06 |
| Jan 31, 2024 | 25.07 |
| Oct 31, 2023 | 35.12 |
| Jul 31, 2023 | 44.09 |
| Apr 30, 2023 | 45.24 |
| Jan 31, 2023 | 65.81 |
| Oct 31, 2022 | 102.10 |
| Jul 31, 2022 | 236.71 |
| Apr 30, 2022 | 165.60 |
| Jan 31, 2022 | 432.61 |
| Oct 31, 2021 | 96.84 |
API Access
Palo Alto Networks Price to Book 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=price-to-book&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();