# Arista Networks CDR (CAD Hedged) (ANET.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Technology / Computers & Hardware. Price C$30.45, market value C$293.2 billion.

## Valuation
- **P/E (trailing): 47.6×** (5-yr avg 66.4×, 3-yr avg 66.4×). Arista Networks CDR (CAD Hedged) trades at 47.6× trailing earnings, well below its own five-year average of 66.4×: cheap by its own standards. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 27.8×**. Each dollar of revenue is priced at 27.8×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 7.4×**. The shares trade at 7.4× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 1.8%** (5-yr avg 1.8%). Free cash flow equals 1.8% of the market value, in line with its five-year average of 1.8%.
- **Earnings yield: 2.1%**. The inverse of the P/E: 2.1% of the price is earned each year.

## Profitability
- **Gross margin: 63.0%**. Arista Networks CDR (CAD Hedged) 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 assets: 20.8%**. Each dollar of assets produces 20.8% of profit.

## Growth
- **Revenue growth (1 yr): 28.6%** (3-yr 27.1%/yr). Revenue grew 28.6% over the last year.
- **EPS growth (1 yr): 23.3%** (3-yr 37.1%/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
- **Current ratio: 3.05** (quick 2.63). Current assets cover the next year's liabilities 3.05 times.
- **Altman Z-score: 27.34**. A Z-score of 27.34 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Arista Networks CDR (CAD Hedged) does not currently pay a dividend.

## Price and momentum
- **From 52-week high: -21.6%** (45.2% above the low). Trading 22% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 36**. An RSI of 36 is neutral.
- **Beta (1 yr): 1.39** (volatility 57%). Beta of 1.39 against the S&P/TSX Composite: the shares move much more than the market.

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

Not investment advice.