Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
Decision snapshot: ZS stock price vs ANET: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at ANET's multiple
Needs ANET P/S.
Implied fair value · at ZS's multiple
Needs ZS P/S.
Metric by metric
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Price unavailable
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: ZS FY 2026 (ended Jul 31, 2026) · ANET FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
Zscaler Inc · implied price per share
Bear
-$3.61
Base
-$4.25
Bull
-$4.89
Arista Networks, Inc. · implied price per share
Bear
$26.69
Base
$31.40
Bull
$36.11
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.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.44x
0.01x
Net debt / EBITDA
Leverage against operating earnings
1.77x
-0.43x
Cash and equivalents
Liquid reserves on the balance sheet
$928.35M
$1.96B
Total debt
Interest-bearing obligations outstanding
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
$1.14B
$98.79M
Live quote
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LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe ZS can sustain 20%+ growth while converting its 76.9% gross margin into positive operating leverage, then ZS looks attractive on ANET-implied valuation gap; otherwise, ANET’s much stronger profitability and capital efficiency argue for a more cautious stance on paying up for ZS.
On the provided P/S-based framework, ZS implies $430.54 per share versus a current price of $154.19, suggesting 179.2% upside and a large valuation gap. However, ANET comparison is difficult to anchor because ANET trades at much richer absolute multiples on P/S and EV/Revenue, while ZS also looks expensive on earnings and EBITDA basis due to negative profitability.
Supporting Metrics
