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Arista Networks, Inc. ANET NYSE

NYSE • Technology • Computer Hardware • US • USD

SharesGrow Score
86/100
6/7 Pass
SharesGrow Intrinsic Value
$188.81
+22.3%
Analyst Price Target
$184.38
+19.4%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Arista Networks, Inc. (ANET) trades at a trailing P/E of 51.4, forward P/E of 43.7. Trailing earnings yield is 1.94%, forward earnings yield 2.29%. PEG 2.21. Graham Number is $24.85.

Criteria proven by this page:

  • VALUE (36/100, Fail) — trailing P/E is well above the S&P 500 average of ~25, suggesting a premium valuation (P/E 51.4); PEG > 2.0 means the stock is expensive even after accounting for growth (PEG 2.21).
  • Forward P/E 43.7 (down from trailing 51.4) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 2.21 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield 1.94% — below bond yields — investors are paying a premium for expected growth rather than current earnings. Forward yield improves to 2.29% as earnings recover.
  • Analyst consensus target $184.38 (+19.4% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 86/100 with 6/7 criteria passed.

SharesGrow 7-Criteria Score
86/100
SG Score
View full scorecard →
VALUE
36/100
Price-to-Earnings & upside
Proven by this page
FUTURE
79/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
HEALTH
100/100
Debt-to-Equity & liquidity
→ Health
MOAT
86/100
→ Income
GROWTH
100/100
→ Income
INCOME
100/100
→ Income

Valuation Snapshot — ANET

Valuation Multiples
P/E (TTM)51.4
Forward P/E43.7
PEG Ratio2.21
Forward PEG1.53
P/B Ratio14.60
P/S Ratio20.07
EV/EBITDA45.5
Per Share Data
EPS (TTM)$2.79
Forward EPS (Est.)$3.53
Book Value / Share$9.84
Revenue / Share$7.16
FCF / Share$3.38
Yields & Fair Value
Earnings Yield1.94%
Forward Earnings Yield2.29%
Dividend Yield0.00%
Graham Number$24.85
SharesGrow IV$188.81 (+22.3%)
Analyst Target$184.38 (+19.4%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 36.1 0.66 6.01 5.90 -
2017 40.2 0.34 10.24 10.34 -
2018 48.0 -1.85 7.35 7.32 -
2019 18.0 0.12 5.36 6.44 -
2020 34.8 -1.35 6.65 9.53 -
2021 52.4 1.60 11.08 14.95 -
2022 27.5 0.46 7.61 8.49 -
2023 34.9 0.65 10.09 12.43 -
2024 48.7 1.42 13.89 19.83 -
2025 46.9 2.05 13.32 18.30 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $0.16 $1.13B $184.19M 16.3%
2017 $0.33 $1.65B $423.2M 25.7%
2018 $0.25 $2.15B $328.12M 15.3%
2019 $0.66 $2.41B $859.87M 35.7%
2020 $0.50 $2.32B $634.56M 27.4%
2021 $0.66 $2.95B $840.85M 28.5%
2022 $1.07 $4.38B $1.35B 30.9%
2023 $1.65 $5.86B $2.09B 35.6%
2024 $2.23 $7B $2.85B 40.7%
2025 $2.75 $9.01B $3.51B 39%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $3.53 $3.40 – $3.77 $11.43B $10.81B – $11.71B 16
2027 $4.29 $3.94 – $4.65 $13.98B $13.56B – $14.6B 17
2028 $5.25 $4.61 – $5.85 $16.96B $16.91B – $17.01B 6
2029 $6.96 $6.56 – $7.58 $21.28B $20.34B – $22.74B 4
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