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PANW (Palo Alto Networks) Cyclically Adjusted Book per Share : $3.00 (As of Apr. 2025)


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What is Palo Alto Networks Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Palo Alto Networks's adjusted book value per share for the three months ended in Apr. 2025 was $10.858. 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 $3.00 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Palo Alto Networks's average Cyclically Adjusted Book Growth Rate was 40.20% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Palo Alto Networks was 16.50% per year. The lowest was 16.50% per year. And the median was 16.50% per year.

As of today (2025-07-16), Palo Alto Networks's current stock price is $192.25. Palo Alto Networks's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was $3.00. Palo Alto Networks's Cyclically Adjusted PB Ratio of today is 64.08.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Palo Alto Networks was 96.64. The lowest was 32.30. And the median was 61.54.


Palo Alto Networks Cyclically Adjusted Book per Share Historical Data

The historical data trend for Palo Alto Networks's Cyclically Adjusted Book per Share 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.

Palo Alto Networks Cyclically Adjusted Book per Share Chart

Palo Alto Networks Annual Data
Trend Jul15 Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1.46 1.58 1.73 2.31

Palo Alto Networks Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted Book per Share 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 2.14 2.31 2.51 2.73 3.00

Competitive Comparison of Palo Alto Networks's Cyclically Adjusted Book per Share

For the Software - Infrastructure subindustry, Palo Alto 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.


Palo Alto Networks's Cyclically Adjusted PB Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Palo Alto Networks's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Palo Alto Networks's Cyclically Adjusted PB Ratio falls into.


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Palo Alto Networks Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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.

For example, Palo Alto Networks's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=10.858/135.3468*135.3468
=10.858

Current CPI (Apr. 2025) = 135.3468.

Palo Alto Networks Quarterly Data

Book Value per Share CPI Adj_Book
201507 1.132 100.691 1.522
201510 1.216 100.346 1.640
201601 1.264 99.957 1.712
201604 1.360 100.947 1.823
201607 1.648 101.524 2.197
201610 1.669 101.988 2.215
201701 1.577 102.456 2.083
201704 1.476 103.167 1.936
201707 1.384 103.278 1.814
201710 1.278 104.070 1.662
201801 1.210 104.578 1.566
201804 1.345 105.708 1.722
201807 2.105 106.324 2.680
201810 2.217 106.695 2.812
201901 1.911 106.200 2.435
201904 2.528 107.818 3.173
201907 2.731 108.250 3.415
201910 2.589 108.577 3.227
202001 2.689 108.841 3.344
202004 1.286 108.173 1.609
202007 1.907 109.318 2.361
202010 1.308 109.861 1.611
202101 2.055 110.364 2.520
202104 1.706 112.673 2.049
202107 1.308 115.183 1.537
202110 0.876 116.696 1.016
202201 0.199 118.619 0.227
202204 0.565 121.978 0.627
202207 0.351 125.002 0.380
202210 0.840 125.734 0.904
202301 1.205 126.223 1.292
202304 2.016 127.992 2.132
202307 2.836 128.974 2.976
202310 3.460 129.810 3.608
202401 6.751 130.124 7.022
202404 6.908 132.289 7.068
202407 7.951 132.708 8.109
202410 9.020 133.182 9.167
202501 9.654 134.029 9.749
202504 10.858 135.347 10.858

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Palo Alto Networks  (NAS:PANW) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Palo Alto Networks's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=192.25/3.00
=64.08

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Palo Alto Networks was 96.64. The lowest was 32.30. And the median was 61.54.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Palo Alto Networks Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Palo Alto Networks's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Palo Alto Networks Business Description

Industry
Address
3000 Tannery Way, Santa Clara, CA, USA, 95054
Palo Alto Networks is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, and security operations. The California-based firm has more than 80,000 enterprise customers across the world, including more than three fourths of the Global 2000.
Executives
Jenkins William D Jr officer: President C/O PALO ALTO NETWORKS INC, 3000 TANNERY WAY, SANTA CLARA CA 95054
Lee Klarich officer: Chief Product Officer 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054
Josh D. Paul officer: Chief Accounting Officer 3000 TANNERY WAY, SANTA CLARA CA 95054
Nir Zuk director, officer: CTO 3000 TANNERY WAY, SANTA CLARA CA 95054
Dipak Golechha officer: EVP, Chief Financial Officer 3000 TANNERY WAY, SANTA CLARA CA 95054
Nikesh Arora director, officer: Chief Executive Officer 3000 TANNERY WAY, SANTA CLARA CA 95054
Mary Pat Mccarthy director 2704 WEST 112TH STREET, LEAWOOD KS 66211
Aparna Bawa director C/O ZOOM VIDEO COMMUNICATIONS, INC., 55 ALMADEN BOULEVARD, 6TH FLOOR, SAN JOSE CA 95113
Carl M. Eschenbach director C/O SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, PALO ALTO CA 94025
John P. Key director 3000 TANNERY WAY, SANTA CLARA CA 95054
John Donovan director 208 S. AKARD ST. , ROOM 3025, DALLAS TX 75202
James J Goetz director C/O SEQUOIA CAPITAL, 2800 SAND HILL RD, SUITE 101, MENLO PARK CA 94025
Mark D Mclaughlin director, officer: President & CEO C/O PALO ALTO NETWORKS, INC., 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054
Amit K. Singh officer: President 3000 TANNERY WAY, SANTA CLARA CA 95054
Helene D Gayle director C/O COLGATE PALMOLIVE COMPANY, 300 PARK AVENUE, NEW YORK NY 10022