Arista Networks, Inc.

BMV:ANET * Stock Report

Market Cap: Mex$3.0t

Arista Networks Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair 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.

Below Fair Value: ANET * (MX$2350) is trading above our estimate of fair value (MX$1641.58)

Significantly Below Fair Value: ANET * is trading above our estimate of fair value.

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 Ratio49.5x
EarningsUS$3.36b
Market CapUS$166.02b

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 Average46.2x
300308 Zhongji Innolight
82.1x35.94%CN¥686.7b
CSCO Cisco Systems
29.8x10.59%US$308.8b
MSI Motorola Solutions
29.7x8.91%US$62.8b
UI Ubiquiti
43.3x17.74%US$34.5b
ANET * Arista Networks
49.5x16.15%Mex$166.0b

Price-To-Earnings vs Peers: ANET * is expensive based on its Price-To-Earnings Ratio (49.5x) compared to the peer average (45.9x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ANET * 49.5xIndustry Avg. 34.4xNo. of Companies26PE020406080100+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ANET * is expensive based on its Price-To-Earnings Ratio (49.5x) compared to the Global Communications industry average (34.6x).

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 Ratio49.5x
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
CurrentMex$2,350.00
Mex$2,941.88
+25.19%
8.42%Mex$3,331.44Mex$2,521.09n/a24
Dec ’26Mex$2,356.40
Mex$3,016.46
+28.01%
8.45%Mex$3,401.15Mex$2,573.84n/a24
Nov ’26Mex$2,927.00
Mex$2,964.69
+1.29%
11.78%Mex$3,403.04Mex$2,078.61n/a24
Oct ’26Mex$2,700.01
Mex$2,871.33
+6.34%
14.20%Mex$3,396.86Mex$2,038.12n/a24
Sep ’26Mex$2,511.96
Mex$2,675.71
+6.52%
10.60%Mex$3,010.46Mex$2,088.51n/a24
Aug ’26Mex$2,200.00
Mex$2,130.68
-3.15%
12.09%Mex$2,587.79Mex$1,548.90n/a25
Jul ’26Mex$1,853.00
Mex$1,978.91
+6.79%
12.83%Mex$2,435.12Mex$1,479.80n/a25
Jun ’26Mex$1,634.81
Mex$2,056.30
+25.78%
13.44%Mex$2,521.75Mex$1,532.45n/a24
May ’26Mex$1,589.00
Mex$2,098.55
+32.07%
18.09%Mex$2,842.38Mex$1,489.80n/a22
Apr ’26Mex$1,589.06
Mex$2,331.54
+46.72%
15.00%Mex$2,910.12Mex$1,620.64n/a23
Mar ’26Mex$1,926.44
Mex$2,428.44
+26.06%
17.07%Mex$2,978.56Mex$1,572.47n/a23
Feb ’26Mex$2,400.00
Mex$2,311.85
-3.67%
16.41%Mex$2,979.84Mex$1,541.30n/a24
Jan ’26Mex$2,321.00
Mex$2,190.17
-5.64%
13.87%Mex$2,523.60Mex$1,514.16n/a23
Dec ’25Mex$2,066.81
Mex$2,190.61
+5.99%
13.69%Mex$2,545.28Mex$1,527.17Mex$2,356.4023
Nov ’25Mex$2,018.75
Mex$1,901.25
-5.82%
15.16%Mex$2,420.70Mex$1,336.43Mex$2,927.0021
Oct ’25Mex$1,901.95
Mex$1,769.15
-6.98%
12.05%Mex$2,108.42Mex$1,299.37Mex$2,700.0121
Sep ’25Mex$1,721.69
Mex$1,682.23
-2.29%
12.47%Mex$2,034.10Mex$1,247.77Mex$2,511.9622
Aug ’25Mex$1,600.00
Mex$1,667.31
+4.21%
12.26%Mex$2,012.05Mex$1,234.24Mex$2,200.0022
Jul ’25Mex$1,637.88
Mex$1,518.24
-7.30%
12.92%Mex$1,956.23Mex$1,012.64Mex$1,853.0022
Jun ’25Mex$1,252.46
Mex$1,331.32
+6.30%
10.18%Mex$1,633.80Mex$924.00Mex$1,634.8122
May ’25n/a
Mex$1,247.30
0%
13.69%Mex$1,523.54Mex$834.52Mex$1,589.0025
Apr ’25Mex$1,192.50
Mex$1,233.02
+3.40%
12.35%Mex$1,489.33Mex$815.79Mex$1,589.0625
Mar ’25Mex$1,172.50
Mex$1,245.32
+6.21%
11.57%Mex$1,411.96Mex$834.34Mex$1,926.4425
Feb ’25n/a
Mex$1,052.08
0%
17.25%Mex$1,376.32Mex$688.16Mex$2,400.0023
Jan ’25n/a
Mex$966.10
0%
12.75%Mex$1,280.20Mex$682.77Mex$2,321.0023
Dec ’24Mex$952.75
Mex$939.86
-1.35%
9.45%Mex$1,065.35Mex$687.32Mex$2,066.8123
Mex$2.91k
Fair Value
19.3% undervalued intrinsic discount
24
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/29 08:03
End of Day Share Price 2025/12/23 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 59 analysts. 24 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
Timothy LongBarclays
Benjamin ReitzesBarclays