US · USD

ANET

Arista Networks

$204.22+0.67% ($1.36)
Day's range
$203.09 – $207.43
Day's volume
$990.7M
52-week range
$116.13 – $210.50

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ANET in numbers

Market cap
$256.8B
P/E
483.06
P/B
17.41
Dividend yield (12m)
0.00%

ANET trades at 483.06 times its earnings of the last 12 months.

ANET price history

10/01/202510/01/2026
Compare with

ANET risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+41.17%+347.34%+857.75%
Volatility (annualized)49.53%39.27%41.44%
Largest drawdown-22.14%-32.76%-34.79%
Positive months8/1228/3641/60

How much did investing in ANET return?

$1,000.00 invested on 10/01/2021 would be worth $7,975.59 today.

Value today in ANET
$7,975.59
Return over the period
+697.56%
Return per year
+51.49%
In the S&P 500
$1,656.45

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ANET fundamentals

Valuation

  • P/E
    483.06
  • P/B
    17.41
  • EV/EBITDA
    55.34
  • EV/EBIT
    56.47
  • EV/Revenue
    24.36
  • P/EBIT
    56.47
  • P/S
    24.36
  • P/OCF
    48.39
  • P/FCF
    —
  • Earnings yield
    1.77%
  • PEG ratio
    —
  • Earnings per share
    $0.42
  • Book value per share
    $11.73

Debt

  • Net debt
    —
  • Net debt/EBITDA
    —
  • Net debt/Equity
    —
  • Debt/Equity
    —
  • Current ratio
    2.96
  • Quick ratio
    2.59
  • Cash ratio
    0.34

Efficiency

  • Gross margin
    63.00%
  • EBITDA margin
    44.02%
  • Operating margin
    43.14%
  • Net margin
    5.06%
  • Asset turnover
    0.44

Profitability

  • ROE
    3.60%
  • ROA
    2.25%
  • ROIC
    24.90%
  • Payout
    0.00%

Growth

  • Revenue CAGR (5 years)
    32.02%
  • Earnings CAGR (5 years)
    -6.05%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is ANET's fair price?

Two classic value formulas, with today's numbers. The current price is $204.22.

Graham's fair price
$10.56
94.83% below the price

√(22.50 × $0.42 × $11.73)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
—
Does not apply to ANET: it paid no distributions in the last five years.

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

ANET's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
P/E46,893,808.11195,500,531.5535,279,511.3827,500,798.3652,605,761.7034.9518.0948.63
P/B13.3155.7910.207.6111.126.685.377.44
EV/EBITDA41.91185.4531.6323.3945.3730.1818.5553.01
Earnings per share$0.00$0.00$0.00$0.00$0.00$8.31$11.24$4.33
Book value per share$9.84$7.93$23.09$15.95$12.93$43.50$37.85$28.30
ROE0.00%0.00%0.00%0.00%0.00%19.11%29.71%15.31%
ROIC25.76%25.73%26.95%26.72%21.00%18.10%27.76%12.75%
Gross margin64.06%64.13%61.95%61.07%63.80%63.94%64.06%63.84%
EBITDA margin43.62%42.93%39.72%36.29%33.08%31.71%34.79%13.99%
Net margin0.00%0.00%0.00%0.00%0.00%27.38%35.67%15.25%

ANET's financial statements

Line202520242023202220212020
Net revenue$9B$7B$5.9B$4.4B$2.9B$2.3B
Cost of revenue-$3.2B-$2.5B-$2.2B-$1.7B-$1.1B-$835.6M
Gross profit$5.8B$4.5B$3.6B$2.7B$1.9B$1.5B
EBITDA$3.9B$3B$2.3B$1.6B$975.1M$734.8M
EBIT$3.9B$2.9B$2.3B$1.5B$924.7M$699.7M
Financial result$393.6M$320.5M$164.7M$54.7M$6.1M$39.2M
Income before tax$4.2B$3.3B$2.4B$1.6B$930.9M$738.9M
Income tax-$738.3M-$413M-$334.7M-$229.4M-$90M-$104.3M
Net income$3.5K$2.9K$2.1K$1.4K$841$634.6M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ANET pay dividends?

ANET has no distributions on record.

About Arista Networks

Sector
Manufacturing

Questions about ANET

How much is ANET today?

ANET is at $204.22 (0.67% on the day), last traded on 10/01/2026.

What are the P/E and P/B of ANET?

ANET trades at a P/E of 483.06 and a P/B of 17.41.

How much did ANET return in 12 months?

ANET returned 41.17% in 12 months, with annualized volatility of 49.53% and a largest drawdown of -22.14%.