# Arista Networks Inc. (ANET) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Technology / Networking & Communications Equipment. Price $169.91, market value $214.3 billion.

## Valuation
- **P/E (trailing): 45.6×** (5-yr avg 43.2×, 3-yr avg 44.3×). Arista Networks Inc. trades at 45.6× trailing earnings, close to its own five-year average of 43.2×. The Technology median in the September 2026 study was 32.1×. Forward P/E is 31.5×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 1.35**. A PEG of 1.35 is in the range usually read as fairly priced for its growth.
- **Price / sales: 20.3×**. Each dollar of revenue is priced at 20.3×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 14.5×**. The shares trade at 14.5× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 45.8×**. Enterprise value is 45.8× operating earnings before depreciation, the multiple that ignores how the company is financed; above 20× is demanding.
- **Free-cash-flow yield: 2.4%** (5-yr avg 2.2%). Free cash flow equals 2.4% of the market value, in line with its five-year average of 2.2%.
- **Earnings yield: 2.2%**. The inverse of the P/E: 2.2% of the price is earned each year.

## Profitability
- **Gross margin: 63.0%**. Arista Networks Inc. keeps 63.0% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 43.1%**. 43.1% of revenue is left after running the business, an exceptional level.
- **Net margin: 39.0%**. 39.0% of each dollar of sales reaches the bottom line.
- **Return on equity: 28.4%**. 28.4% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 34.5%**. Return on all capital, debt included, is 34.5%: comfortably above what that capital costs.
- **Return on assets: 20.8%**. Each dollar of assets produces 20.8% of profit.

## Growth
- **Revenue growth (1 yr): 28.6%** (3-yr 27.1%/yr, 5-yr 31.2%/yr). Revenue grew 28.6% over the last year, against 31.2% a year compounded over five years.
- **EPS growth (1 yr): 23.3%** (3-yr 37.0%/yr, 5-yr 40.6%/yr). Earnings per share rose 23.3%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 111.7%/yr**. Free cash flow has compounded at 111.7% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.00**. Debt is 0.00 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Arista Networks Inc. holds more cash than debt.
- **Current ratio: 3.05** (quick 3.05). Current assets cover the next year's liabilities 3.05 times.
- **Altman Z-score: 20.85**. A Z-score of 20.85 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Arista Networks Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (29 analysts). 29 analysts cover Arista Networks Inc.; the consensus is strong_buy, with an average price target of $243.59 (+43% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 4.1%** (YTD 25.3%, 3-mo -11.2%). The shares are up 4.1% over twelve months including dividends.
- **From 52-week high: -21.8%** (48.4% above the low). Trading 22% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 33**. An RSI of 33 is neutral.
- **Beta (1 yr): 2.15** (volatility 55%). Beta of 2.15 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ANET · Page: https://foliofundamentals.com/stocks/anet

Not investment advice.