Price to Earnings (P/E)
since 2012
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Palo Alto Networks Inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Net Profit Margin since 2012
- Return on Assets (ROA) since 2012
- Current Ratio since 2012
- Price to Book Value (P/BV) since 2012
- Analysis of Debt
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Calculation
Palo Alto Networks Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 6, 2024 | = | ÷ | = | ÷ | |||||||
| Sep 1, 2023 | = | ÷ | = | ÷ | |||||||
| Sep 6, 2022 | = | ÷ | = | ÷ | |||||||
| Sep 3, 2021 | = | ÷ | = | ÷ | |||||||
| Sep 4, 2020 | = | ÷ | = | ÷ | |||||||
| Sep 9, 2019 | = | ÷ | = | ÷ | |||||||
| Sep 13, 2018 | = | ÷ | = | ÷ | |||||||
| Sep 7, 2017 | = | ÷ | = | ÷ | |||||||
| Sep 8, 2016 | = | ÷ | = | ÷ | |||||||
| Sep 17, 2015 | = | ÷ | = | ÷ | |||||||
| Sep 18, 2014 | = | ÷ | = | ÷ | |||||||
| Sep 25, 2013 | = | ÷ | = | ÷ | |||||||
| Oct 4, 2012 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Palo Alto Networks Inc. Annual Report.
- Share Price
- The share price exhibited significant volatility over the observed period. Initially, it declined from $10.96 in 2012 to a low of $7.72 in 2013. From 2013 onward, there was an upward trend with occasional fluctuations, reaching $39.35 in 2018. Subsequently, the price remained relatively stable through 2019 and 2020, hovering around $35 to $39. A substantial increase occurred in 2021, nearly doubling the price to $78.04, followed by steady growth to $167.91 in 2024. Overall, the trend indicates strong long-term appreciation with accelerated growth in the most recent years.
- Earnings Per Share (EPS)
- The EPS figures were negative for the majority of the years, indicating consistent losses from 2012 through 2021. The losses fluctuated, with the greatest negative EPS recorded in 2021 at -$0.85. Starting in 2022, the EPS turned positive, rising to $0.71 in 2023 and markedly increasing to $3.96 in 2024. This transition from losses to profitability suggests a significant improvement in operational performance or profitability in the recent period.
- Price-to-Earnings Ratio (P/E)
- The P/E ratio data is limited but indicates very high valuation multiples when available. The leftmost value in 2012 was extremely elevated at 6057.94, probably reflecting near-zero or negative earnings that year, given the EPS of 0. The more recent P/E ratios of 170.35 in 2023 and 42.42 in 2024 suggest the market is pricing the company at a premium relative to earnings, though there is a noticeable decline in the multiple from 2023 to 2024, possibly reflecting growth in earnings outpacing share price increases.
- Overall Insights
- The financial data illustrate a company that struggled with losses for an extended period but has shown marked recovery recently, as evidenced by the positive swing in EPS and the increasing share price. The high initial P/E ratio points to market anticipation despite losses, while the reduction in P/E in the latest years reflects consolidating profitability. The strong share price growth since 2020 correlates with improved earnings, signaling increased investor confidence and a transition towards sustainable financial health.
Comparison to Competitors
Palo Alto Networks Inc., P/E, long-term trends, comparison to competitors
| Palo Alto Networks Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 6, 2024 | |||||||||||||||
| Sep 1, 2023 | |||||||||||||||
| Sep 6, 2022 | |||||||||||||||
| Sep 3, 2021 | |||||||||||||||
| Sep 4, 2020 | |||||||||||||||
| Sep 9, 2019 | |||||||||||||||
| Sep 13, 2018 | |||||||||||||||
| Sep 7, 2017 | |||||||||||||||
| Sep 8, 2016 | |||||||||||||||
| Sep 17, 2015 | |||||||||||||||
| Sep 18, 2014 | |||||||||||||||
| Sep 25, 2013 | |||||||||||||||
| Oct 4, 2012 |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31).
Comparison to Sector (Software & Services)
Palo Alto Networks Inc., P/E, long-term trends, comparison to sector (software & services)
| Palo Alto Networks Inc. | Software & Services | |
|---|---|---|
| Sep 6, 2024 | ||
| Sep 1, 2023 | ||
| Sep 6, 2022 | ||
| Sep 3, 2021 | ||
| Sep 4, 2020 | ||
| Sep 9, 2019 | ||
| Sep 13, 2018 | ||
| Sep 7, 2017 | ||
| Sep 8, 2016 | ||
| Sep 17, 2015 | ||
| Sep 18, 2014 | ||
| Sep 25, 2013 | ||
| Oct 4, 2012 |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31).
Comparison to Industry (Information Technology)
Palo Alto Networks Inc., P/E, long-term trends, comparison to industry (information technology)
| Palo Alto Networks Inc. | Information Technology | |
|---|---|---|
| Sep 6, 2024 | ||
| Sep 1, 2023 | ||
| Sep 6, 2022 | ||
| Sep 3, 2021 | ||
| Sep 4, 2020 | ||
| Sep 9, 2019 | ||
| Sep 13, 2018 | ||
| Sep 7, 2017 | ||
| Sep 8, 2016 | ||
| Sep 17, 2015 | ||
| Sep 18, 2014 | ||
| Sep 25, 2013 | ||
| Oct 4, 2012 |
Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31), 10-K (reporting date: 2018-07-31), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31).