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Arista Networks Inc. pages available for free this week:
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2014
- Return on Assets (ROA) since 2014
- Price to Operating Profit (P/OP) since 2014
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Calculation
P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Feb 19, 2025 | = | ÷ | = | ÷ | |||||||
Feb 13, 2024 | = | ÷ | = | ÷ | |||||||
Feb 14, 2023 | = | ÷ | = | ÷ | |||||||
Feb 15, 2022 | = | ÷ | = | ÷ | |||||||
Feb 19, 2021 | = | ÷ | = | ÷ | |||||||
Feb 14, 2020 | = | ÷ | = | ÷ | |||||||
Feb 15, 2019 | = | ÷ | = | ÷ | |||||||
Feb 20, 2018 | = | ÷ | = | ÷ | |||||||
Feb 17, 2017 | = | ÷ | = | ÷ | |||||||
Feb 25, 2016 | = | ÷ | = | ÷ | |||||||
Mar 12, 2015 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Arista Networks Inc. Annual Report.
- Share Price Trends
- The share price exhibited a consistent upward trajectory over the analyzed period, starting at $4.31 in 2015 and rising significantly to $103.92 by 2025. There are notable increases starting in 2017, with the price more than doubling from $7.44 in 2017 to $15.6 in 2018, and continuing a strong upward momentum through subsequent years. The most pronounced growth is observed from 2022 onwards, with the share price nearly tripling from $35.37 in 2023 to $103.92 in 2025.
- Book Value Per Share (BVPS) Trends
- Book value per share has shown steady growth throughout the period, increasing from $0.52 in 2015 to $7.93 in 2025. The progression is relatively smooth with no notable declines or irregularities, reflecting consistent underlying equity growth at the per-share level. The growth accelerated slightly in the later years, particularly between 2022 and 2025.
- Price-to-Book Ratio (P/BV) Analysis
- The P/BV ratio shows more volatility compared to share price and book value per share. Initially, the ratio started high at 8.22 in 2015, then decreased to a low of 5.86 in 2016 before increasing to peaks around 11 in 2018 and again near 13 in 2025. This trend indicates fluctuating market valuation multiples, with the market placing varying premiums on the company's book value over time. The rising P/BV in recent years, particularly after 2020, suggests growing investor confidence or higher expectations of future growth relative to the company's book value.
- Overall Insights
- The company's market valuation has demonstrated robust growth driven by both an increase in intrinsic book value per share and an expanding market premium over book value. While book value growth indicates solid equity expansion, the climbing P/BV ratio suggests investor optimism and potentially high growth expectations. The greater volatility in the P/BV ratio can reflect changing market sentiment or external economic factors affecting investor perception. The combined upward trends in share price and book value underscore a strengthening financial position and increasing shareholder value over the decade.
Comparison to Competitors
Arista Networks Inc. | Apple Inc. | Cisco Systems Inc. | Dell Technologies Inc. | Super Micro Computer Inc. | |
---|---|---|---|---|---|
Feb 19, 2025 | |||||
Feb 13, 2024 | |||||
Feb 14, 2023 | |||||
Feb 15, 2022 | |||||
Feb 19, 2021 | |||||
Feb 14, 2020 | |||||
Feb 15, 2019 | |||||
Feb 20, 2018 | |||||
Feb 17, 2017 | |||||
Feb 25, 2016 | |||||
Mar 12, 2015 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
Comparison to Sector (Technology Hardware & Equipment)
Arista Networks Inc., P/BV, long-term trends, comparison to sector (technology hardware & equipment)
Arista Networks Inc. | Technology Hardware & Equipment | |
---|---|---|
Feb 19, 2025 | ||
Feb 13, 2024 | ||
Feb 14, 2023 | ||
Feb 15, 2022 | ||
Feb 19, 2021 | ||
Feb 14, 2020 | ||
Feb 15, 2019 | ||
Feb 20, 2018 | ||
Feb 17, 2017 | ||
Feb 25, 2016 | ||
Mar 12, 2015 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
Comparison to Industry (Information Technology)
Arista Networks Inc. | Information Technology | |
---|---|---|
Feb 19, 2025 | ||
Feb 13, 2024 | ||
Feb 14, 2023 | ||
Feb 15, 2022 | ||
Feb 19, 2021 | ||
Feb 14, 2020 | ||
Feb 15, 2019 | ||
Feb 20, 2018 | ||
Feb 17, 2017 | ||
Feb 25, 2016 | ||
Mar 12, 2015 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).