Palo Alto Networks, Inc. (PANW) Stock Analysis
Over the past 10 years, Palo Alto Networks (PANW) earnings per share (EPS) grew 20.7% a year, revenue grew 23.6% a year and free cash flow grew 21.5% a year, with an average return on invested capital (ROIC) of -0.6%. PANW stock trades at $342.00, a P/E of 89.3, below its historical average of 323.1. Analysts' average 12-month price target is $400.05 (+17.0%).
Palo Alto Networks, Inc. is a global leader in providing advanced cybersecurity solutions. The company's core product line includes both hardware and software-based firewalls.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 37.3% | 93.7% | 226.1% | A+ |
| EPS GrowthEPS | 20.7% | 30.7% | 14.7% | A+ |
| Revenue GrowthRevenue | 23.6% | 22.0% | 24.5% | A+ |
| Cash Flow GrowthCash Flow | 21.5% | 24.3% | 18.5% | A+ |
| ROICROIC | -0.6% | 2.6% | 1.0% | D |
Exhibit B Valuation Ledger
- Current EPS
- $3.83
- Historical Avg P/E
- 323.1
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $1.51 | $1.40 | $1.80 | $2.80 | $1.90 | $1.32 | $0.36 | $2.55 | $7.30 | $11.03 | $35.98 | $35.98 | |
| Basic EPSEPS | -$0.43 | -$0.40 | -$0.27 | -$0.15 | -$0.46 | -$0.86 | -$0.45 | $0.73 | $4.04 | $1.71 | $0.46 | $3.83 | |
| RevenueRevenue | $1,378,500,000 | $1,761,600,000 | $2,273,100,000 | $2,899,600,000 | $3,408,400,000 | $4,256,100,000 | $5,501,500,000 | $6,892,700,000 | $8,027,500,000 | $9,221,500,000 | $11,480,000,000 | $11,480,000,000 | |
| Free Cash FlowCash Flow | $585,600,000 | $705,100,000 | $925,000,000 | $924,400,000 | $821,300,000 | $1,387,000,000 | $1,791,900,000 | $2,631,200,000 | $3,100,800,000 | $3,469,800,000 | $4,113,000,000 | $4,113,000,000 | |
| ROIC (%)ROIC | -7.8% | -7.4% | -2.5% | -1.2% | -2.8% | -4.6% | -2.5% | 3.4% | 5.2% | 5.7% | 1.0% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
89 firms rate it — 64 buy, 23 hold, 2 sell · Most recent Oct 2026
PANW Stock FAQ
What is PANW's stock price target?
The average 12-month analyst price target for PANW is $400.05, with a range of $290.00 to $525.00. That is +17.0% from the current price of $342.00.
Do analysts rate PANW a buy?
Most rate it a buy. Of 89 firms covering Palo Alto Networks, the ratings are 64 buy or strong buy, 23 hold and 2 sell or strong sell.
How fast is Palo Alto Networks growing?
Annual growth rates for PANW. EPS: 20.7% over 10 years, 30.7% over 5 years, 14.7% over 1 year. Revenue: 23.6% over 10 years, 22.0% over 5 years, 24.5% over 1 year. Free cash flow: 21.5% over 10 years, 24.3% over 5 years, 18.5% over 1 year. Book value per share: 37.3% over 10 years, 93.7% over 5 years, 226.1% over 1 year.
What is PANW's ROIC?
Palo Alto Networks' return on invested capital (ROIC) was 1.0% in fiscal 2026. Its 10-year average ROIC is -0.6%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is PANW's P/E ratio?
PANW's current P/E ratio is 89.3, compared with a historical average of 323.1. Trailing earnings per share are $3.83.
What is Palo Alto Networks' market cap and stock price?
PANW last traded at $342.00 as of October 19, 2026. Its 52-week range is $139.57 to $432.33. Palo Alto Networks has a market cap of $279.76B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.