Arista Networks
NYSE: ANET · TECHNOLOGY · COMPUTER HARDWARE
Updated 2026-04-29
Arista Networks (ANET) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for ANET.
Valued
Valuation reasonably reflects current fundamentals. Limited margin of safety at these levels.
ANET historical valuation range
Where current P/E sits in ANET's own 5Y range.
ANET intrinsic value (DCF)
DCF-based fair value estimate vs current market price.
Intrinsic value calculated using discounted cash flow (DCF) model based on projected free cash flows, discount rate, and terminal growth assumptions. A positive margin of safety indicates the current price is below estimated fair value, providing a cushion against estimation error.
ANET valuation signals
Quick-read green flags, caution flags, and risks based on current metrics.
P/E Ratio — History
Current: 61.34x
P/S Ratio — History
Current: 23.58x
Is ANET overvalued in 2026?
Arista Networks (ANET) currently trades at $168.68 per share with a market capitalization of $212,396,687,000.00. Based on our multi-factor framework, the stock trades at a fair valuation with a Smart Value Score of 68/100. This score blends growth quality, financial health, and price attractiveness into a single institutional-grade read.
The stock trades at a P/E ratio of 61.3x, above its 5-year median of 54.9x. The PEG ratio of 2.34 indicates the price has run ahead of the underlying growth rate.
Looking at its own history, ANET is currently trading more expensive than 56% of the last 5Y on P/E. This places it in the 56th percentile of its historical range, a reasonable but unremarkable position.
Our discounted cash flow model estimates ANET's intrinsic value at $450.90 per share, against the current market price of $168.68. This implies a margin of safety of +70.53%. A meaningful cushion exists against model error, making this a reasonable risk-adjusted entry.
Financial quality is a concern. The Piotroski F-Score of 2/9 flags weakening fundamentals that deserve closer scrutiny before the valuation case can be fully trusted.
Bottom line: ANET trades at a fair valuation on our framework, with a Smart Value Score of 68/100. The valuation is defensible but offers no obvious bargain. Patience or a better entry price may reward disciplined buyers.
Frequently asked questions
Is ANET overvalued in 2026?
Based on a Smart Value Score of 68/100, ANET is fairly valued. Price reasonably reflects current fundamentals with limited cushion in either direction.
What is ANET's fair value?
Our DCF model estimates ANET's intrinsic value at $450.90 per share, versus the current price of $168.68. This produces a margin of safety of +70.53%.
What P/E ratio does ANET trade at?
ANET trades at a P/E of 61.3x on trailing twelve-month earnings, compared to its 5-year median of 54.9x.
Is ANET a buy based on valuation?
WallStSmart does not issue buy or sell recommendations. Our Smart Value Score of 68/100 reflects the combined read on growth, quality, and price. The profile is balanced. Best suited for investors with an existing thesis.
How does ANET's valuation compare to its history?
On P/E, ANET currently sits in the 56th percentile of its own 5Y range. That is above its long-run median relative to where it has traded over the period.
What is ANET's Smart Value Score?
ANET's Smart Value Score is 68/100. The Smart Value Score is a proprietary WallStSmart metric blending growth quality, financial health, and valuation attractiveness into a single 0-100 read. Scores above 75 are rare and indicate strong multi-factor alignment.