Arista Networks, Inc. (ANET)
Computer Communications Equipment
Latest Price
$187.81
TTM P/E
63.16
Normalized P/E
64.51
Div Yield
--
Book Value
11.75
P/B Ratio
15.98
Valuation metrics
adjust assumptions →EPS: $2.75
Book value / share: $9.85
Formula: √(22.5 × EPS × BVPS)
Graham Number
$24.68
87% downside
Norm. op. income: $1.5B (median of 7yr)
Tax rate: 14%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$12.04
94% downside
Base FCF: $2.0B (median of recent 5yr)
Growth: 20%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$86.01
54% downside
EPS: $2.75
Target P/E: 65×
Formula: EPS × P/E
P/E Fair Value
$178.75
5% downside
Institutional Ownership
71.4% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 91.38M | $15.52B | 7.25% | -523.8K | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 68.69M | $11.67B | 5.45% | +418.1K | 2026-06-30 |
| STATE STREET CORP | 48.17M | $8.18B | 3.82% | +1.40M | 2026-06-30 |
| FMR LLC | 47.35M | $8.04B | 3.75% | -4.96M | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 27.51M | $4.66B | 2.18% | +276.5K | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 25.81M | $4.38B | 2.05% | -30.9K | 2026-06-30 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 23.23M | $3.94B | 1.84% | -6.09M | 2026-06-30 |
| MORGAN STANLEY | 19.70M | $3.35B | 1.56% | +1.19M | 2026-06-30 |
| Cresset Asset Management, LLC | 19.37M | $3.29B | 1.54% | -1.32M | 2026-06-30 |
| Capital Research Global Investors | 13.16M | $2.24B | 1.04% | -1.60M | 2026-06-30 |