Arista Networks, Inc.

NYSE:ANET Stock Report

Market Cap: US$171.7b

Arista Networks Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 ($143.72) is trading above our estimate of future cash flow value ($109.79)

Significantly Below Future Cash Flow Value: ANET is trading above our estimate of future cash flow 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 Ratio53.9x
EarningsUS$3.36b
Market CapUS$171.69b

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 Average31.4x
CSCO Cisco Systems
29.5x10.64%US$294.7b
MSI Motorola Solutions
31.6x8.91%US$66.9b
UI Ubiquiti
41.9x18.67%US$33.2b
FFIV F5
22.4x7.41%US$15.5b
ANET Arista Networks
53.9x16.29%US$171.7b

Price-To-Earnings vs Peers: ANET is expensive based on its Price-To-Earnings Ratio (53.9x) compared to the peer average (31.4x).

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 US Communications Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
WSTL Westell Technologies
2.6xn/aUS$62.52m
No more companies available in this PE range
ANET 53.9xIndustry Avg. 31.6xNo. of Companies5PE020406080100+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ANET is expensive based on its Price-To-Earnings Ratio (53.9x) compared to the US Communications industry average (31.6x).

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 Ratio53.9x
Fair PE Ratio38.9x

Price-To-Earnings vs Fair Ratio: ANET is expensive based on its Price-To-Earnings Ratio (53.9x) compared to the estimated Fair Price-To-Earnings Ratio (38.9x).

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
CurrentUS$143.72
US$163.79
+13.97%
9.00%US$200.00US$140.00n/a25
Jan ’27US$131.03
US$162.63
+24.12%
8.58%US$185.00US$140.00n/a25
Dec ’26US$128.11
US$163.31
+27.48%
8.63%US$185.00US$140.00n/a25
Nov ’26US$157.69
US$161.17
+2.21%
11.78%US$185.00US$113.00n/a24
Oct ’26US$149.27
US$156.38
+4.76%
14.20%US$185.00US$111.00n/a24
Sep ’26US$136.55
US$142.21
+4.14%
10.60%US$160.00US$111.00n/a24
Aug ’26US$117.57
US$112.80
-4.06%
12.09%US$137.00US$82.00n/a25
Jul ’26US$98.91
US$105.64
+6.81%
12.83%US$130.00US$79.00n/a25
Jun ’26US$86.64
US$106.01
+22.35%
13.44%US$130.00US$79.00n/a24
May ’26US$87.84
US$107.05
+21.87%
18.09%US$145.00US$76.00n/a22
Apr ’26US$78.49
US$116.17
+48.01%
15.00%US$145.00US$80.75n/a23
Mar ’26US$93.05
US$118.22
+27.05%
17.07%US$145.00US$76.55n/a23
Feb ’26US$115.23
US$112.50
-2.37%
16.41%US$145.00US$75.00n/a24
Jan ’26US$110.53
US$108.48
-1.85%
13.87%US$125.00US$75.00US$131.0323
Dec ’25US$101.46
US$107.58
+6.04%
13.69%US$125.00US$75.00US$128.1123
Nov ’25US$98.54
US$94.25
-4.36%
15.16%US$120.00US$66.25US$157.6921
Oct ’25US$95.46
US$90.20
-5.51%
12.05%US$107.50US$66.25US$149.2721
Sep ’25US$88.35
US$89.32
+1.10%
12.47%US$108.00US$66.25US$136.5522
Aug ’25US$84.66
US$89.50
+5.71%
12.26%US$108.00US$66.25US$117.5722
Jul ’25US$89.18
US$82.46
-7.53%
12.92%US$106.25US$55.00US$98.9122
Jun ’25US$74.41
US$79.25
+6.49%
10.18%US$97.25US$55.00US$86.6422
May ’25US$63.80
US$72.86
+14.20%
13.69%US$89.00US$48.75US$87.8425
Apr ’25US$74.94
US$73.68
-1.67%
12.35%US$89.00US$48.75US$78.4925
Mar ’25US$71.94
US$72.76
+1.15%
11.57%US$82.50US$48.75US$93.0525
Feb ’25US$65.75
US$61.15
-6.98%
17.25%US$80.00US$40.00US$115.2323
Jan ’25US$58.88
US$56.60
-3.87%
12.75%US$75.00US$40.00US$110.5323
US$163.79
Fair Value
12.3% undervalued intrinsic discount
25
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 Analysis2026/01/26 13:06
End of Day Share Price 2026/01/26 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