ANETArista Networks

$202.28

Is the price fair?

What ANET's price assumes

Arista Networks trades at 63.8× earnings against 37.0× for the median Computer Hardware name, more expensive than its own group.

63.8

Trailing P/E · Computer Hardware median 37.0 · 1.73× the median: the market pays up for this one

Price / sales
16.1

Price / sales · as of 2026-Q1

Free cash flow yield
2.0%

Free cash flow yield · Computer Hardware median 2.0%

Growth the price implies
+18%

Growth the price implies · The price pays for +18% free cash flow growth a year for a decade; the business has delivered +69% a year over the last three.

Details
Price / book2026-Q1
11.6
Technology median P/E376 names
37.0
Computer Hardware median P/E12 names
37.0
Free cash flow, trailing twelve months
$4.19B
Market capitalisation
$213.6B
3-year revenue growth
+26%
3-year free cash flow growth
+69%
ANET has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 48.9× today against a 21.2× median
52-week range$116.13 – $213.64
Today$202.28

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.