Arista Networks
NYSE: ANET · TECHNOLOGY · COMPUTER HARDWARE
Updated 2026-09-11
Arista Networks (ANET) Stock Valuation Analysis
Fair value estimate, historical valuation range, and quality signals for ANET.
Valued
Fundamentals support the current valuation. Strong combination of growth, quality, and price.
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: 60.96x
P/S Ratio — History
Current: 22.61x
Is ANET overvalued in 2026?
Arista Networks (ANET) currently trades at $199.59 per share with a market capitalization of $238,358,856,000.00. Based on our multi-factor framework, the stock looks attractively valued with a Smart Value Score of 78/100. 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 61.0x, above its 5-year median of 59.9x. The PEG ratio of 1.44 points to a price that reasonably reflects expected earnings growth.
Looking at its own history, ANET is currently trading more expensive than 55% of the last 5Y on P/E. This places it in the 55th percentile of its historical range, a reasonable but unremarkable position.
Our discounted cash flow model estimates ANET's intrinsic value at $595.13 per share, against the current market price of $199.59. This implies a margin of safety of +66.46%. 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 looks attractively valued on our framework, with a Smart Value Score of 78/100. The combination of reasonable price, healthy growth, and quality fundamentals makes it worth serious consideration.
Frequently asked questions
Is ANET overvalued?
ANET scores 78/100 on our Smart Value Score (Grade B+), a strong overall profile. The DCF also shows a positive margin of safety, so price and fundamentals line up reasonably well.
What is ANET's fair value?
Our DCF model estimates ANET's intrinsic value at $595.13 per share, versus the current price of $199.59, a margin of safety of +66.46%. Fair value is the present value of the cash flows we project the business to produce, so a price below it means the market is pricing the stock below that conservative estimate.
What P/E ratio does ANET trade at?
ANET trades at a P/E of 61.0x on trailing twelve-month earnings, against a 5-year median of 59.9x. P/E is what you pay per dollar of profit, and sitting above its own median means the stock is pricier than usual relative to its earnings.
Is ANET a buy based on valuation?
Our Smart Value rating for ANET is Buy, from a Smart Value Score of 78/100 that blends growth, quality, and valuation. The rating leans on growth and financial strength, and valuation is usually the weakest leg for a name scoring this high. This is research to inform your decision, not personalized financial advice.
How does ANET's valuation compare to its history?
On P/E, ANET sits in the 55th percentile of its own 5Y range, above its long-run median relative to where it has traded. A high percentile means today's multiple is near the top of its historical band.
What is ANET's Smart Value Score?
ANET's Smart Value Score is 78/100. It is a proprietary WallStSmart metric blending growth quality, financial health, and valuation into a single 0-100 read, and scores above 75 are rare, signaling strong multi-factor alignment.