Arista NetworksXSWX:ANET 98 EV-to-FCF is 36.36 as of Jul. 03, 2026, which is 1% below its 10-year median of 36.86. GuruFocus rates XSWX:ANET with a GF Score™ of 98/100 and a GF Value™ of CHF120.11. The stock has 4 warning signs investors should review. Among 1,327 Hardware companies, Arista Networks ranks worse than 61.94% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Arista Networks's Enterprise Value is CHF153,030.24 Mil.
Arista Networks's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was CHF4,208.56 Mil. Therefore, Arista Networks's EV-to-FCF for today is 36.36.
The historical rank and industry rank for Arista Networks's EV-to-FCF or its related term are showing as below:
XSWX:ANET'
s EV-to-FCF Range Over the Past 10 Years
Min: 11.14 Med: 36.86 Max: 112.22
Current: 35.83
During the past 13 years, the highest EV-to-FCF of Arista Networks was 112.22. The lowest was 11.14. And the median was 36.86.
XSWX:ANET's EV-to-FCF is ranked worse than 61.94% of 1327
companies
in the Hardware industry
Industry Median: 23.98
vs XSWX:ANET: 35.83
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Arista Networks's PE Ratio (TTM) for today is calculated as:
Arista Networks's share price for today is CHF129.94.
Arista Networks's Earnings per Share (Diluted) 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 CHF0.000.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Arista Networks EV-to-FCF Related Terms
Arista Networks EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Arista Networks's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Hardware Industry
For the Hardware industry and Technology sector, Arista Networks's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Arista Networks's EV-to-FCF falls into.
Arista Networks's current Enterprise Value is CHF153,030.24 Mil.
Arista Networks's Free Cash Flow 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 CHF4,208.56 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 (XSWX:ANET) has a EV-to-FCF of 36.36 as of Jul. 03, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Arista Networks and its competitors. This is near median its historical median of 36.86. Over the past decade, Arista Networks' EV-to-FCF has ranged from 11.14 to 112.22. According to the industry distribution chart, Arista Networks ranks #822 out of 1327 companies in the Hardware industry, placing it in the top 61.9%.
Is Arista Networks' EV-to-FCF too high?
Arista Networks' current EV-to-FCF of 36.36 is near median its 10-year median of 36.86. Over the past 10 years, this metric has ranged from a low of 11.14 to a high of 112.22. The Hardware industry median EV-to-FCF is 23.98. Arista Networks' value of 36.36 is 51.6% above this industry median. Based on the distribution chart, Arista Networks ranks #822 out of 1327 companies in the Hardware industry, which is below the industry midpoint. Overall, Arista Networks has a GF Score™ of 98/100, reflecting its overall financial health beyond just this single metric.
How does Arista Networks' EV-to-FCF compare to ?
According to the Hardware industry distribution chart, Arista Networks ranks #822 out of 1327 companies for EV-to-FCF. This places Arista Networks in the lower half of its industry. The industry median EV-to-FCF is 23.98. Arista Networks' value of 36.36 is 51.6% above this benchmark. Historically, Arista Networks' own EV-to-FCF has ranged from 11.14 to 112.22 over the past decade. While the company's 10-year median is 36.86 vs. the industry median of 23.98, 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-FCF for a Hardware company?
The median EV-to-FCF among Hardware companies is 23.98, based on 1,327 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Arista Networks's current EV-to-FCF of 36.36 is 51.6% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Arista Networks and its competitors. For the Hardware industry, the median EV-to-FCF is 23.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arista Networks's current EV-to-FCF is 36.36, which is near median its own 10-year median of 36.86. 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?
Arista Networks (XSWX:ANET) has a current EV-to-FCF of 36.36. The stock's GF Value™ is CHF120.11, compared to a current price of CHF129.94 — trading 8.2% above its estimated fair value. The current EV-to-FCF is 36.36, which is near median its 10-year median of 36.86 and 51.6% above the Hardware industry median of 23.98. 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Arista Networks (XSWX:ANET), the current EV-to-FCF is 36.36 as of Jul. 03, 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 (XSWX:ANET) Overvalued in 2026?
Based on GuruFocus' analysis, Arista Networks stock appears to be overvalued.
The current stock price of CHF129.94 is trading 8.2% above its estimated GF Value™ of CHF120.11.
Key valuation signals for XSWX:ANET:
EV-to-FCF: 36.36 (near median its 10-year median of 36.86)
GF Value™: CHF120.11 vs. price of CHF129.94 (8.2% above fair value)
Industry Position: 51.6% above the Hardware median (#822 of 1327)
No single metric tells the full story. See the XSWX: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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