Arista Networks (ANET)
NYSEInformation TechnologyComputer HardwareSnapshot 2026-09-04
$193.78+1.22%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyComputer HardwareSnapshot 2026-09-04
QuarterlyIQ Insights · ANET
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-09-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $194 ANET trades at 57× p/e — 1.5× the 37× p/e peer median. The market is re-rating it beyond its own range; our $115 fair value is low-confidence here. Analysts target $164–$289. Note: our $115 fair value sits below the entire analyst range ($164–$289). Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $220.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $143.75 | — | — | Hist. CAGR | high |
| dcf fcff | 12M | $145.54 | — | — | Hist. CAGR | high |
| graham number | 12M | $29.74 | — | — | TTM | high |
| Peer EV/EBITDA |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
$164.00 – $289.00 (median $222.50) · 14 analysts · as of 2026-08-31
Only expensive valuation — not the full expensive x weak x turbulent stack. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
At today's price you pay about 3494% over what the business is worth with no growth; closing that gap needs roughly 13.6 years of the forecast growth to come through. These describe the expectations embedded in the price, not a forecast of the move. Reverse-DCF base: $0.37/sh owner earnings.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| 12M |
| $42.72 |
| 15.6 |
| 2.62 |
| TTM |
| high |
| Peer P/FCF | 12M | $94.41 | 23.4 | 4.04 | TTM | high |
| Peer P/E | 12M | $126.15 | 37.2 | 3.39 | TTM | high |
| Peer P/S | 12M | $25.97 | 3.1 | 8.26 | TTM | high |
| PEG | 12M | $51.62 | 15.2 | 3.39 | TTM | high |
| residual income | 12M | $20.15 | — | — | TTM | high |
| triangulated | 12M | $135.49 | 37.2 | 3.64 | Triangulated | high |
| Peer P/FCF | 3Y | $143.59 | 23.4 | 6.14 | Hist. CAGR(prov.) | medium |
| Peer P/E | 3Y | $191.86 | 37.2 | 5.16 | Analyst | medium |
| Peer P/S | 3Y | $51.80 | 3.1 | 16.48 | Analyst | medium |
| PEG | 3Y | $78.51 | 15.2 | 5.16 | Analyst | medium |
| Peer P/FCF | 5Y | $189.90 | 23.4 | 8.13 | Hist. CAGR(prov.) | medium |
| Peer P/E | 5Y | $253.74 | 37.2 | 6.82 | Analyst | medium |
| Peer P/S | 5Y | $68.51 | 3.1 | 21.79 | Analyst | medium |
| PEG | 5Y | $103.83 | 15.2 | 6.82 | Analyst | medium |