Palo Alto Networks, Inc
$268.34B- Market cap
- $271.61B
- Debt
- +-$366.50M
- Cash
- −$2.90B
Capital structure 100% equity / -0% debt · EV / Revenue 29.10x · EV / EBITDA 139.55x
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: PANW stock price at premium vs BKNG $333.26 current versus $1.87 implied using P/E multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at BKNG's multiple
Implied fair value · at PANW's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Expensive
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: PANW FY 2025 (ended Jul 31, 2025) · BKNG FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
12 fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Capital structure 100% equity / -0% debt · EV / Revenue 29.10x · EV / EBITDA 139.55x
Capital structure 88% equity / 12% debt · EV / Revenue 5.52x · EV / EBITDA 51.67x
PANW carries the larger enterprise value at $268.34B against $148.65B; BKNG trades on the lower EV / Revenue multiple (5.52x vs 29.10x); BKNG on the lower EV / EBITDA (51.67x vs 139.55x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
PALO ALTO NETWORKS, INC · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Booking Holdings Inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
-0.05x
-3.70x
Net debt / EBITDA
Leverage against operating earnings
-1.70x
1.19x
Cash and equivalents
Liquid reserves on the balance sheet
$2.90B
$17.20B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
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-$366.50M
$20.62B
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