PANW

Palo Alto Networks, Inc.

Technology · $313.1B market cap

Share price

$403.24

close of Oct 3, 2026

Fair value

$136.61

Sticker Price

Payback Price

$54.64

buy price

Overpriced

PANW is Overpriced: at $403.24 it trades 195% above its fair value of $136.61. Its buy price (Payback Price) is $54.64, 86% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Sales-Based (P/S). Its earnings are small compared with its price, so no reasonable earnings multiple can value it. We value it on its sales instead, at the price-to-sales ratio it has typically traded at.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?

Equity per share growth19.9% a year✓

Sales growth24.9% a year✓

Free cash flow growth24.5% a year✓

Return on invested capital4.8%✗

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Superinvestors

2 of the investors we track hold PANW. In Q2 2026, 1 opened a position and 1 added. Who we track

Mairs & Power Funds

Mairs & Power Funds · as of Q2 2026

$204.6M

599,841 shares

Lee Ainslie

Maverick Capital · as of Q2 2026

$1.2M

3,655 shares

Moves in Q2 2026

New position: Lee Ainslie

Added: Mairs & Power Funds

Insider activity

Since Jun 12, 2026: no open-market purchases, 19 sales worth $8.7M and 5 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Paul Josh D.

Chief Accounting Officer · 2026-09-01

Sold

$336K

Paul Josh D.

Chief Accounting Officer · 2026-08-25

Sold

$318K

Thorning-Schmidt Helle

director · 2026-07-07

Sold

$243K

Bawa Aparna

director · 2026-07-01

Sold

$101K

Paul Josh D.

Chief Accounting Officer · 2026-07-01

Sold

$311K

Show all 19 sales

Bawa Aparna

director · 2026-06-29

Sold

$100K

Bawa Aparna

director · 2026-06-29

Sold

$101K

Golechha Dipak