ANETArista Networks
Is the price fair?
Neither cheap nor expensive: modest expectations priced in, but at the top of its own P/E range and rich vs its sector.
Priced for ~18% a year FCF growth. The price demands less than its three-year revenue growth of 26% a year, expectations look modest.
Expensive vs its own history: P/E 68.3 vs a 38.9 median over 41 quarters (+76% vs median).
Sector median 30.5× across 203 covered peers. EV/EBIT counts debt as part of the price, so a cash-rich and a borrowed company can be compared on the same footing.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The growth-implied estimate assumes a fixed discount rate; capital-heavy sectors look structurally rich on it.
What ANET's price assumes
Arista Networks trades at 68.3× earnings against 34.1× for the median Computer Hardware name, more expensive than its own group.
Trailing P/E · Computer Hardware median 34.1 · 2.01× the median: the market pays up for this one
- Price / sales
- 23.7
Price / sales · today's price, fiscal year to Dec 31, 2025
- 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 / booktoday's price, fiscal year to Dec 31, 2025
- 17.3
- EV / EBITtoday's price, fiscal year to Dec 31, 2025
- 52.6
- EV / salestoday's price, fiscal year to Dec 31, 2025
- 22.5
- Technology median P/E459 names
- 37.7
- Computer Hardware median P/E19 names
- 34.1
- Free cash flow, trailing twelve months
- $4.19B
- Market capitalisation
- $213.6B
- 3-year revenue growth
- +26%
- 3-year free cash flow growth
- +69%
| Method | Per share |
|---|---|
| Its own P/E history, lower quartile | $97.78 |
| Its own P/E history, median | $123.33 |
| Its own P/E history, upper quartile | $145.89 |
| 52-week range | $116.13 – $216.68 |
| Today | $216.68 |
Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.
Computer Hardware
The closest names by size in the same industry