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ANET (Arista Networks) Cyclically Adjusted PS Ratio : 32.11 (As of May. 29, 2025)


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What is Arista Networks Cyclically Adjusted PS Ratio?

As of today (2025-05-29), Arista Networks's current share price is $92.79. Arista Networks's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $2.89. Arista Networks's Cyclically Adjusted PS Ratio for today is 32.11.

The historical rank and industry rank for Arista Networks's Cyclically Adjusted PS Ratio or its related term are showing as below:

ANET' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 15.21   Med: 28.18   Max: 47.49
Current: 32.13

During the past years, Arista Networks's highest Cyclically Adjusted PS Ratio was 47.49. The lowest was 15.21. And the median was 28.18.

ANET's Cyclically Adjusted PS Ratio is ranked worse than
99.51% of 1840 companies
in the Hardware industry
Industry Median: 1.1 vs ANET: 32.13

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Arista Networks's adjusted revenue per share data for the three months ended in Mar. 2025 was $1.567. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $2.89 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Arista Networks Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Arista Networks's Cyclically Adjusted PS 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.

* Premium members only.

Arista Networks Cyclically Adjusted PS Ratio Chart

Arista Networks Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 17.78 26.91 40.65

Arista Networks Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 31.04 35.68 37.09 40.65 26.80

Competitive Comparison of Arista Networks's Cyclically Adjusted PS Ratio

For the Computer Hardware subindustry, Arista Networks's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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's Cyclically Adjusted PS Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Arista Networks's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Arista Networks's Cyclically Adjusted PS Ratio falls into.


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Arista Networks Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Arista Networks's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=92.79/2.89
=32.11

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Arista Networks's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.567/134.9266*134.9266
=1.567

Current CPI (Mar. 2025) = 134.9266.

Arista Networks Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 0.172 100.684 0.230
201509 0.189 100.392 0.254
201512 0.213 99.792 0.288
201603 0.210 100.470 0.282
201606 0.231 101.688 0.307
201609 0.247 101.861 0.327
201612 0.275 101.863 0.364
201703 0.270 102.862 0.354
201706 0.322 103.349 0.420
201709 0.345 104.136 0.447
201712 0.364 104.011 0.472
201803 0.366 105.290 0.469
201806 0.436 106.317 0.553
201809 0.435 106.507 0.551
201812 0.461 105.998 0.587
201903 0.458 107.251 0.576
201906 0.467 108.070 0.583
201909 0.506 108.329 0.630
201912 0.431 108.420 0.536
202003 0.409 108.902 0.507
202006 0.426 108.767 0.528
202009 0.477 109.815 0.586
202012 0.511 109.897 0.627
202103 0.524 111.754 0.633
202106 0.555 114.631 0.653
202109 0.586 115.734 0.683
202112 0.644 117.630 0.739
202203 0.686 121.301 0.763
202206 0.831 125.017 0.897
202209 0.936 125.227 1.009
202212 1.010 125.222 1.088
202303 1.071 127.348 1.135
202306 1.152 128.729 1.207
202309 1.188 129.860 1.234
202312 1.208 129.419 1.259
202403 1.228 131.776 1.257
202406 1.321 132.554 1.345
202409 1.413 133.029 1.433
202412 1.504 133.157 1.524
202503 1.567 134.927 1.567

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

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.


Arista Networks  (NYSE:ANET) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Arista Networks Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Arista Networks's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Arista Networks Business Description

Industry
Address
5453 Great America Parkway, Santa Clara, CA, USA, 95054
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, or EOS, 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 quarters of its sales from North America.
Executives
Kenneth Duda officer: SVP and CTO C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Charles H Giancarlo director 170 WEST TASMAN DRIVE, SAN JOSE X1 95134
Marc Taxay officer: SVP and General Counsel 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
John F Mccool officer: Chief Platform Officer, C/O ARISTA NETWORKS, 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Jayshree Ullal director, officer: President and CEO C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Yvonne Wassenaar director C/O FORRESTER RESEARCH, INC., 60 ACORN PARK DRIVE, CAMBRIDGE MA 02140
Kelly Bodnar Battles director 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Daniel Scheinman director C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Ita M Brennan officer: SVP & Chief Financial Officer 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Anshul Sadana officer: SVP, Customer Engineering C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Andreas Bechtolsheim director, 10 percent owner, officer: Chief Development Officer C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Ann Mather director
Lewis Chew director DOLBY LABORATORIES, INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103
Nikos Theodosopoulos director C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054
Manuel Felix Rivelo officer: SVP, Chief Customer Officer 2312 MAGNOLIA BLVD. WEST, SEATTLE WA 98199