ANET

NYSE

Arista Networks, Inc.

Information Technology, Communications Equipment

$188.67

close 7 Aug 2026

+37.07%

52-week change

$237.95B

market cap

$114.52

$214.89

52-week range

Expected price

$122.77 – $150.05

Current price

$188.67

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)59.71x

P/S (TTM)22.57x

P/B16.08x

EV/EBITDA (TTM)—

FCF yield (TTM)2.17%

PEG (TTM, GAAP)1.61

Context

P/E, own 5-year average44.55x

P/E, sector median37.34x*

Price at 5-year median P/E$135.45*

Forward — analyst consensus

Forward P/E (FY2026)45.86x*

Forward P/E (FY2027)36.95x

Forward PEG1.90*

Consensus EPS FY2026 (24 analysts)$4.11

EPS growth (FY2026→FY2027)24.13%

Revenue growth (FY2026)40.66%

Street view

Price target (mean)$238.63*

Target upside26.48%

Ratings (buy / hold / sell)30 / 0 / 0

FY2026 EPS revisions, 30d (up / down)3 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +42.66%10Y CAGR +34.60%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$188.67

Cash & equivalents$2.29B

Total debt—

Shares outstanding1.26B

Result

DCF price per share—

Current price$188.67

Margin of safety—

PV of years 1–10$125.62B

PV of terminal value$414.46B

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$6.44B	$8.06B	$10.07B	$12.59B	$15.73B	$19.67B	$24.58B	$30.73B	$38.41B	$48.01B	$894.78B
PV	$5.97B	$6.91B	$7.99B	$9.25B	$10.71B	$12.39B	$14.34B	$16.60B	$19.21B	$22.24B	$414.46B

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026