PANWPalo Alto Networks

$392.10+102% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 25 out of 100, Weak

Weak. Palo Alto Networks scores higher than 21% of the 1,794 companies Ryufin scores.

Carried by return on new capital and earnings quality, held back by valuation and return on capital.

Technology median 48 · all companies 57

How the score has moved

At each fiscal year end, from the reports and price of the time
14
19
23
25
202120222023today

The biggest move was up 5 points from 2021 to 2022, mostly the balance sheet.

Valuation

26% of the score, 28% here after data gaps

0median 56

Palo Alto Networks is valued at 168.5x its operating profit before acquisition amortisation (EBITA), including debt: past the 60 times where this criterion gives nothing.

60x
50x
35x
25x
18x
12x
8x
168.5x
Full points at 8x or less, none from 60xfull points

Return on capital

18% of the score, 20% here after data gaps

9median 34

Over 7 years the business earned 3.3% a year after tax on the capital it uses.

2%
8%
15%
25%
3.3%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 1.9%

Return on new capital

16% of the score, 17% here after data gaps

100median 49

For every dollar of operating profit earned over 6 years, yearly profit grew by 43 cents. New capital earned 4%, and 1070% of profit went back into the business.

-5%
12%
43%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score, 15% here after data gaps

0median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countUp 5.7% a year over 5 years: new shares
0
5%
-3%
5.7%
0 pointsfull points
Assets against salesAssets grew 36% a year, sales 22%
0
12%
-2%
15%
0 pointsfull points

Cycle position

12% of the score, 13% here after data gaps

0median 62

Today's operating margin of 6% is 2.74x its normal 2.2%: near a peak, where margins tend to fall back. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
2.7x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 6%

Balance sheet

Taken out: its 8% is shared by the others

n/ano data

No debt or interest figures on file.

Earnings quality

6% of the score, 7% here after data gaps

96median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 2.87x profit over 3 years
100
0.7x
1x
1.3x
2.9x
0 pointsfull points
AccrualsCash ran ahead of profit by 11.8% of assets
100
8%
0%
-8%
-12%
0 pointsfull points
Beneish M-score-2.74
87
-1.50
-1.78
-2.22
-3.00
-2.74
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. For PANW, balance sheet could not be measured from the filings, so it is taken out and the remaining weights scale up.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-07-31, latest annual report FY2026.

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