Palo Alto Networks (PANW) Price to FCF (2012 - 2026)
Palo Alto Networks' Price to FCF came in at 65.75 for fiscal Q4 2026 (quarter ended Jul 31, 2026), up 96.7% from 33.43 a year earlier and up 71.1% from the prior quarter.
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Analysis
Palo Alto Networks (PANW) Price to FCF (2012 - 2026) Analysis & Trends
Going back to fiscal Q4 2012, Palo Alto Networks' Price to FCF data covers 57 quarters.
- Going back by fiscal year, Price to FCF was 33.43 in FY2025 (-1.8%), 34.04 in FY2024 (+16.2%), 29.29 in FY2023 (+5.6%) and 27.74 in FY2022 (-0.9%).
- The fiscal Q4 2026 figure represents the highest quarterly Price to FCF since fiscal Q3 2015.
- Year-over-year, Price to FCF increased in five of the last eight quarters, with growth averaging 21.3%.
- The fastest year-over-year change in Price to FCF over five years came in fiscal Q2 2024 (growth of 109.6%), and the weakest in fiscal Q2 2023 (a decline of 47.3%).
- Business Quant data shows PANW's Price to FCF at 38.44 (Q3 2026), 34.90 (Q2 2026) and 41.30 (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 | 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 | 65.75 |
| Apr 30, 2026 | 38.44 |
| Jan 31, 2026 | 34.90 |
| Oct 31, 2025 | 41.30 |
| Jul 31, 2025 | 33.43 |
| Apr 30, 2025 | 41.49 |
| Jan 31, 2025 | 41.54 |
| Oct 31, 2024 | 38.36 |
| Jul 31, 2024 | 34.04 |
| Apr 30, 2024 | 31.23 |
| Jan 31, 2024 | 37.39 |
| Oct 31, 2023 | 26.08 |
| Jul 31, 2023 | 29.29 |
| Apr 30, 2023 | 20.36 |
| Jan 31, 2023 | 17.84 |
| Oct 31, 2022 | 21.30 |
| Jul 31, 2022 | 27.74 |
| Apr 30, 2022 | 34.81 |
| Jan 31, 2022 | 33.85 |
| Oct 31, 2021 | 34.99 |
API Access
Palo Alto Networks Price to FCF 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-fcf&ticker=PANW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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-fcf&ticker=PANW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();