Arista Networks (WBO:ANET) Price-to-Tangible-Book

: 12.03 (As of Today)

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As of today (2024-04-19), Arista Networks's share price is €242.45. Arista Networks's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €20.15. Hence, Arista Networks's Price to Tangible Book Ratio of today is 12.03.

The historical rank and industry rank for Arista Networks's Price-to-Tangible-Book or its related term are showing as below:

WBO:ANET' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 5.56 Med: 7.61 Max: 11.96
Current: 11.72

During the past 13 years, Arista Networks's highest Price to Tangible Book Ratio was 11.96. The lowest was 5.56. And the median was 7.61.

WBO:ANET's Price-to-Tangible-Book is ranked worse than
95.53% of 2302 companies
in the Hardware industry
Industry Median: 1.97 vs WBO:ANET: 11.72

A closely related ratio is called PB Ratio. As of today, Arista Networks's share price is €242.45. Arista Networks's Book Value per Sharefor the quarter that ended in Dec. 2023 was €21.20. Hence, Arista Networks's P/B Ratio of today is 11.44.

Arista Networks Price-to-Tangible-Book Historical Data

The historical data trend for Arista Networks's Price-to-Tangible-Book 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 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

5.55

7.23

12.13

8.20

10.68

Arista Networks Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book																8.20	10.13	9.05	9.48	10.68

Competitive Comparison

For the Computer Hardware subindustry, Arista Networks's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution

For the Hardware industry and Technology sector, Arista Networks's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Arista Networks's Price-to-Tangible-Book falls into.

Arista Networks Price-to-Tangible-Book Calculation

Arista Networks's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	242.45	/	20.152
	=	12.03

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Arista Networks Price-to-Tangible-Book Related Terms

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Arista Networks (WBO:ANET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Arista Networks Inc (WBO:ANET) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

ANET:USA ANET:Mexico 117:Germany A1NE34:Brazil

Address

5453 Great America Parkway, Santa Clara, CA, USA, 95054

Website

https://www.arista.com

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.