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Arista NetworksBSP:A1NE34 +2.20%96 Cyclically Adjusted PB Ratio is 39.95 as of Sep. 04, 2026, which is 35% above its 10-year median of 29.59. GuruFocus rates BSP:A1NE34 with a GF Score™ of 96/100 and a GF Value™ of R$206.23 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,930 Hardware companies, Arista Networks ranks worse than 99.07% on this metric.
The historical rank and industry rank for Arista Networks's Cyclically Adjusted PB Ratio or its related term are showing as below:
BSP:A1NE34'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 13.56 Med: 29.59 Max: 43.03
Current: 41.42
During the past years, Arista Networks's highest Cyclically Adjusted PB Ratio was 43.03. The lowest was 13.56. And the median was 29.59.
BSP:A1NE34's Cyclically Adjusted PB Ratio is ranked worse than 99.07% of 1930
companies
in the Hardware industry
Industry Median: 2.08
vs BSP:A1NE34: 41.42
The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.
Arista Networks's adjusted book value per share data for the three months ended in Jun. 2026 was R$15.030. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$6.08 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Arista Networks (BSP:A1NE34) Cyclically Adjusted PB Ratio Explanation
Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.
Arista Networks Cyclically Adjusted PB Ratio Related Terms
Arista Networks Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
The historical data trend for Arista Networks's Cyclically Adjusted PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Arista Networks Cyclically Adjusted PB Ratio Chart
BSP:A1NE34 vs SNDK, DELL, STX: Cyclically Adjusted PB Ratio Comparison
For the Computer Hardware subindustry, Arista Networks's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Arista Networks Cyclically Adjusted PB Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Arista Networks's Cyclically Adjusted PB Ratio distribution charts can be found below:
* The bar in red indicates where Arista Networks's Cyclically Adjusted PB Ratio falls into.
Arista Networks Cyclically Adjusted PB Ratio Calculation
Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.
Arista Networks's Cyclically Adjusted PB Ratio for today is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
What does a Cyclically Adjusted PB Ratio of 39.95 mean?
Arista Networks (BSP:A1NE34) has a Cyclically Adjusted PB Ratio of 39.95 as of Sep. 04, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Arista Networks and its competitors. This is 35% above median its historical median of 29.59. Over the past decade, Arista Networks' Cyclically Adjusted PB Ratio has ranged from 13.56 to 43.03. According to the industry distribution chart, Arista Networks ranks #1912 out of 1930 companies in the Hardware industry, placing it in the top 99.1%.
Is Arista Networks' Cyclically Adjusted PB Ratio too high?
Arista Networks' current Cyclically Adjusted PB Ratio of 39.95 is 35% above median its 10-year median of 29.59. Over the past 10 years, this metric has ranged from a low of 13.56 to a high of 43.03. The Hardware industry median Cyclically Adjusted PB Ratio is 2.08. Arista Networks' value of 39.95 is 1820.7% above this industry median. Based on the distribution chart, Arista Networks ranks #1912 out of 1930 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Arista Networks has a GF Score™ of 96/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arista Networks' Cyclically Adjusted PB Ratio compare to SNDK and DELL?
According to the Hardware industry distribution chart, Arista Networks ranks #1912 out of 1930 companies for Cyclically Adjusted PB Ratio. This places Arista Networks in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.08. Arista Networks' value of 39.95 is 1820.7% above this benchmark. Historically, Arista Networks' own Cyclically Adjusted PB Ratio has ranged from 13.56 to 43.03 over the past decade. While the company's 10-year median is 29.59 vs. the industry median of 2.08, Arista Networks has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.08, based on 1,930 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arista Networks's current Cyclically Adjusted PB Ratio of 39.95 is 1820.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Arista Networks and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arista Networks's current Cyclically Adjusted PB Ratio is 39.95, which is 35% above median its own 10-year median of 29.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arista Networks stock overvalued right now?
Based on GuruFocus' analysis, Arista Networks (BSP:A1NE34) is currently considered Modestly Overvalued. The stock's GF Value™ is R$206.23, compared to a current price of R$242.87 — trading 17.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 39.95, which is 35% above median its 10-year median of 29.59 and 1820.7% above the Hardware industry median of 2.08. Arista Networks' overall GF Score™ is 96/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Arista Networks (BSP:A1NE34), the current Cyclically Adjusted PB Ratio is 39.95 as of Sep. 04, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Arista Networks (BSP:A1NE34) Overvalued in 2026?
Based on GuruFocus' analysis, Arista Networks stock appears to be overvalued.
The current stock price of R$242.87 is trading 17.8% above its estimated GF Value™ of R$206.23.
GuruFocus considers Arista Networks to be Modestly Overvalued.
Key valuation signals for BSP:A1NE34:
Cyclically Adjusted PB Ratio: 39.95 (35% above median its 10-year median of 29.59)
GF Value™: R$206.23 vs. price of R$242.87 (17.8% above fair value)
Industry Position: 1820.7% above the Hardware median (#1912 of 1930)
No single metric tells the full story. See the BSP:A1NE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Arista Networks is a networking equipment provider that primarily sells Ethernet switches and software to data centers. Its marquee product is its extensible operating system that runs a single image across every single one of its devices. The firm operates as one reportable segment. It has steadily gained market share since its founding in 2004, with a focus on high-speed applications. Arista counts Microsoft and Meta Platforms as its largest customers and derives roughly three-fourths of its sales from North America.
96GF Score
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