Enterprise Value (EV)
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Arista Networks Inc. pages available for free this week:
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2014
- Return on Assets (ROA) since 2014
- Current Ratio since 2014
- Total Asset Turnover since 2014
- Price to Earnings (P/E) since 2014
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Current Enterprise Value (EV)
Arista Networks Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in thousands | |
| Common equity (market value)1 | |
| Add: Preferred stock, $0.0001 par value; no shares issued and outstanding (per books) | |
| Total equity | |
| Add: Total debt (book value) | |
| Total equity and debt | |
| Less: Cash and cash equivalents | |
| Less: Marketable securities | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2025-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Arista Networks Inc., EV calculation
Based on: 10-K (reporting date: 2025-12-31), 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).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Arista Networks Inc. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
The information presents a consistent pattern across the observed period. Enterprise value, common equity (market value), total equity, and total equity and debt all exhibit a clear upward trend from 2021 through 2025. However, a notable observation is the close alignment between the values for common equity, total equity, and total equity and debt, suggesting minimal debt financing throughout the period.
- Enterprise Value Trend
- Enterprise value increased substantially over the five-year period, rising from US$36.59 million in 2021 to US$168.41 million in 2025. The growth appears to be accelerating, with larger absolute increases observed in the later years of the period. The increase from 2023 to 2024 was particularly significant, jumping from US$78.00 million to US$122.75 million.
- Equity and Debt Relationship
- The equality between total equity and total equity and debt across all reported years indicates that the company has not utilized debt financing. This suggests a reliance on equity to fund operations and growth. The consistent value implies no new debt was issued, and no existing debt was repaid or written off during the period.
- Common Equity and Enterprise Value
- Common equity (market value) closely mirrors the trend of enterprise value. The difference between enterprise value and common equity remains relatively small throughout the period, further reinforcing the observation of limited debt. This suggests that the market capitalization is a primary driver of the overall enterprise value.
In summary, the observed financial metrics demonstrate strong growth in enterprise value, driven primarily by increases in common equity, and a consistent financial strategy of relying solely on equity financing. The accelerating growth in enterprise value in recent years warrants further investigation to understand the underlying factors contributing to this trend.