Arista Networks, Inc.

SWX:ANET Stock Report

Market Cap: CHF 168.6b

Arista Networks Valuation

Is ANET undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of ANET when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: ANET (CHF129.94) is trading below our estimate of future cash flow value (CHF150.13)

Significantly Below Future Cash Flow Value: ANET is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ANET?

Key metric: As ANET is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ANET. This is calculated by dividing ANET's market cap by their current earnings.
What is ANET's PE Ratio?
PE Ratio54.1x
EarningsUS$3.72b
Market CapUS$209.81b

Price to Earnings Ratio vs Peers

How does ANET's PE Ratio compare to its peers?

The above table shows the PE ratio for ANET vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average96.5x
300308 Zhongji Innolight
83.2x47.45%CN¥1.3t
CSCO Cisco Systems
37.1x13.62%US$444.1b
LITE Lumentum Holdings
129.1x79.08%US$56.7b
CIEN Ciena
136.4x29.56%US$65.5b
ANET Arista Networks
54.1x16.60%CHF 209.8b

Price-To-Earnings vs Peers: ANET is good value based on its Price-To-Earnings Ratio (54.1x) compared to the peer average (97x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does ANET's PE Ratio compare vs other companies in the European Communications Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ANET 54.1xIndustry Avg. 29.8xNo. of Companies6PE020406080100+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ANET is expensive based on its Price-To-Earnings Ratio (54.1x) compared to the European Communications industry average (29.5x).

Price to Earnings Ratio vs Fair Ratio

What is ANET's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ANET PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio54.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ANET's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ANET forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 129.94
CHF 153.96
+18.48%
6.46%CHF 178.18CHF 132.83n/a27
Jun ’27n/a
CHF 148.04
0%
6.56%CHF 173.05CHF 129.00n/a27
May ’27n/a
CHF 140.96
0%
8.02%CHF 171.97CHF 109.44n/a26
Apr ’27n/a
CHF 140.24
0%
8.21%CHF 174.84CHF 111.26n/a27
Mar ’27n/a
CHF 137.80
0%
8.14%CHF 170.25CHF 108.34n/a24
Feb ’27n/a
CHF 126.30
0%
8.87%CHF 153.10CHF 107.17n/a25
Jan ’27n/a
CHF 129.15
0%
8.58%CHF 146.92CHF 111.18n/a25
Dec ’26n/a
CHF 131.88
0%
8.63%CHF 149.39CHF 113.06n/a25
Nov ’26n/a
CHF 128.17
0%
11.78%CHF 147.12CHF 89.87n/a24
Oct ’26n/a
CHF 124.72
0%
14.20%CHF 147.54CHF 88.53n/a24
Sep ’26n/a
CHF 114.84
0%
10.60%CHF 129.21CHF 89.64n/a24
Aug ’26n/a
CHF 90.81
0%
12.09%CHF 110.30CHF 66.02n/a25
Jul ’26n/a
CHF 83.71
0%
12.83%CHF 103.01CHF 62.60CHF 137.6225
Jun ’26n/a
CHF 87.21
0%
13.44%CHF 106.95CHF 65.00n/a24
May ’26n/a
CHF 88.81
0%
18.09%CHF 120.29CHF 63.05n/a22
Apr ’26n/a
CHF 102.51
0%
15.00%CHF 127.95CHF 71.25n/a23
Mar ’26n/a
CHF 106.73
0%
17.07%CHF 130.91CHF 69.11n/a23
Feb ’26n/a
CHF 101.72
0%
16.41%CHF 131.11CHF 67.81n/a24
Jan ’26n/a
CHF 96.86
0%
13.87%CHF 111.60CHF 66.96n/a23
Dec ’25n/a
CHF 94.72
0%
13.69%CHF 110.06CHF 66.03n/a23
Nov ’25n/a
CHF 81.64
0%
15.16%CHF 103.94CHF 57.39n/a21
Oct ’25n/a
CHF 76.33
0%
12.05%CHF 90.97CHF 56.06n/a21
Sep ’25n/a
CHF 77.22
0%
12.47%CHF 93.37CHF 57.28n/a22
Aug ’25n/a
CHF 78.55
0%
12.26%CHF 94.79CHF 58.15n/a22
Jul ’25n/a
CHF 74.12
0%
12.92%CHF 95.50CHF 49.43n/a22
CHF 154.38
Fair Value
15.8% undervalued intrinsic discount
27
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/02 08:13
End of Day Share Price 2026/07/02 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Arista Networks, Inc. is covered by 54 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
James KelleherArgus Research Company
Benjamin ReitzesBarclays
Timothy LongBarclays