Palo Alto Networks Inc (PANW)

Computer Peripheral Equipment, NEC

Latest Price

$397.31

TTM P/E

551.82

Normalized P/E

195.57

Div Yield

Book Value

33.95

P/B Ratio

11.70

Valuation metrics

EPS: $0.40

Book value / share: $33.73

Formula: √(22.5 × EPS × BVPS)

Graham Number

$17.42

96% downside

Norm. op. income: $387M (median of 7yr)

Tax rate: 29%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$4.70

99% downside

Base FCF: $3.1B (median of recent 5yr)

Growth: 22%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$225.44

43% downside

EPS: $0.40

Target P/E: 15×

Formula: EPS × P/E

P/E Fair Value

$6.00

98% downside

85.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	75.75M	$25.83B	9.29%	+3.32M	2026-06-30
Vanguard Capital Management LLC	53.13M	$18.12B	6.52%	+363.5K	2026-06-30
State Street Corp	36.98M	$12.61B	4.54%	+1.49M	2026-06-30
Morgan Stanley	29.45M	$10.04B	3.61%	-2.87M	2026-06-30
Invesco Ltd.	25.67M	$8.75B	3.15%	+18.84M	2026-06-30
Bank of America Corp	22.68M	$7.73B	2.78%	+205.1K	2026-06-30
JPMorgan Chase & Co	21.72M	$7.21B	2.66%	+10.21M	2026-06-30
FMR LLC	20.05M	$6.84B	2.46%	+11.95M	2026-06-30
Geode Capital Management, LLC	19.62M	$6.67B	2.41%	+292.1K	2026-06-30
Vanguard Portfolio Management LLC	19.35M	$6.60B	2.37%	-253.8K	2026-06-30