Arista NetworksANET +1.01%98 EV-to-Revenue is 19.97 as of Jun. 24, 2026, which is 104% above its 10-year median of 9.78. GuruFocus rates ANET with a GF Score™ of 98/100 and a GF Value™ of $138.81 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 2,468 Hardware companies, Arista Networks ranks worse than 92.71% on this metric.
EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, Arista Networks's enterprise value is $193,949 Mil.
Arista Networks's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $9,710 Mil. Therefore, Arista Networks's EV-to-Revenue for today is 19.97.
The historical rank and industry rank for Arista Networks's EV-to-Revenue or its related term are showing as below:
ANET'
s EV-to-Revenue Range Over the Past 10 Years
Min: 3.96 Med: 9.78 Max: 22.81
Current: 19.97
During the past 13 years, the highest EV-to-Revenue of Arista Networks was 22.81. The lowest was 3.96. And the median was 9.78.
ANET's EV-to-Revenue is ranked worse than 92.71% of 2468
companies
in the Hardware industry
Industry Median: 2.02
vs ANET: 19.97
As of today (2026-06-24), Arista Networks's stock price is $163.84.
Arista Networks's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $7.62. Therefore, Arista Networks's PS Ratio for today is 21.50.
Arista Networks's share price for today is $163.84.
Arista Networks's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.62.
* 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 EV-to-Revenue Related Terms
Arista Networks EV-to-Revenue Historical Data
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The historical data trend for Arista Networks's EV-to-Revenue 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.
For the Computer Hardware subindustry, Arista Networks's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue 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 EV-to-Revenue vs Hardware Industry
For the Hardware industry and Technology sector, Arista Networks's EV-to-Revenue distribution charts can be found below:
* The bar in red indicates where Arista Networks's EV-to-Revenue falls into.
Arista Networks's current Enterprise Value is $193,949 Mil.
Arista Networks's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $9,710 Mil.
* 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 (ANET) has a EV-to-Revenue of 19.97 as of Jun. 24, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Arista Networks and its competitors. This is 104% above median its historical median of 9.78. Over the past decade, Arista Networks' EV-to-Revenue has ranged from 3.96 to 22.81. According to the industry distribution chart, Arista Networks ranks #2288 out of 2468 companies in the Hardware industry, placing it in the top 92.7%.
Is Arista Networks' EV-to-Revenue too high?
Arista Networks' current EV-to-Revenue of 19.97 is 104% above median its 10-year median of 9.78. Over the past 10 years, this metric has ranged from a low of 3.96 to a high of 22.81. The Hardware industry median EV-to-Revenue is 2.02. Arista Networks' value of 19.97 is 888.6% above this industry median. Based on the distribution chart, Arista Networks ranks #2288 out of 2468 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Arista Networks has a GF Score™ of 98/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arista Networks' EV-to-Revenue compare to STX and WDC?
According to the Hardware industry distribution chart, Arista Networks ranks #2288 out of 2468 companies for EV-to-Revenue. This places Arista Networks in the lower half of its industry. The industry median EV-to-Revenue is 2.02. Arista Networks' value of 19.97 is 888.6% above this benchmark. Historically, Arista Networks' own EV-to-Revenue has ranged from 3.96 to 22.81 over the past decade. While the company's 10-year median is 9.78 vs. the industry median of 2.02, 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 EV-to-Revenue for a Hardware company?
The median EV-to-Revenue among Hardware companies is 2.02, based on 2,468 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arista Networks's current EV-to-Revenue of 19.97 is 888.6% 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 EV-to-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on Arista Networks and its competitors. For the Hardware industry, the median EV-to-Revenue is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arista Networks's current EV-to-Revenue is 19.97, which is 104% above median its own 10-year median of 9.78. 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 (ANET) is currently considered Modestly Overvalued. The stock's GF Value™ is $138.81, compared to a current price of $163.84 — trading 18% above its estimated fair value. The current EV-to-Revenue is 19.97, which is 104% above median its 10-year median of 9.78 and 888.6% above the Hardware industry median of 2.02. Arista Networks' overall GF Score™ is 98/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For Arista Networks (ANET), the current EV-to-Revenue is 19.97 as of Jun. 24, 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 (ANET) Overvalued in 2026?
Based on GuruFocus' analysis, Arista Networks stock appears to be overvalued.
The current stock price of $163.84 is trading 18% above its estimated GF Value™ of $138.81.
GuruFocus considers Arista Networks to be Modestly Overvalued.
Key valuation signals for ANET:
EV-to-Revenue: 19.97 (104% above median its 10-year median of 9.78)
GF Value™: $138.81 vs. price of $163.84 (18% above fair value)
Industry Position: 888.6% above the Hardware median (#2288 of 2468)
No single metric tells the full story. See the ANET 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.
98GF Score
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