Mulya.ai
Ticker
PANW
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?hist_ind
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?7.8%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.822
Beta (levered) ?0.824
Terminal OM% ?34.5%
Segment conc. ?54% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 23.6%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

PANW · Palo Alto Networks, Inc.

$163.212026-05-17
Sector: Technology; Industry: Software - Infrastructure; Sub-Industry: Systems Software

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$140
-14.3% vs market
Base · active
$139
-15.1% vs market
Bear
$92
-43.4% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $92
Base $139
Bull $140
Market $163
Median $200
Market Price $163
Mulya.ai Base $139
Analysts Median $200
Mulya.ai IV range ($92 · $140)
Analysts Range ($157 · $265)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2022.Q2$4.3B-7.1%0.0%−$330MM−$64MM−$395MM5.3%-9.6%$3.4B$-0.70
2023.Q2$5.5B29.3%-3.4%45.0%−$104MM$304MM$200MM7.4%-2.5%$4.8B$-0.37
2024.Q2$6.9B25.3%8.7%0.0%$1.6B−$319MM$1.3B7.3%26.9%$7.0B$0.62
2025.Q2$8.0B16.5%13.2%0.6%$1.1B−$400MM$656MM8.4%13.7%$8.4B$3.62
2026.Q2$9.9B23.2%22.4%31.2%$1.5B−$3.4B−$1.9B8.0%16.2%$10.4B$1.8052.5
italics below = DCF projection · 10yr Rev CAGR: 11.3%
2027.Q2$12.5B+26.3%34.8%30.1%$3.0B−$2.8B$283MM7.9%$263MM25.8%$13.2B$1.7792.2
2028.Q2$14.6B+16.4%34.7%29.0%$3.6B−$2.2B$1.4B7.9%$1.2B25.2%$15.4B$2.3170.7
2029.Q2$16.2B+11.7%34.7%27.8%$4.1B−$1.8B$2.3B8.0%$1.8B25.0%$17.2B$2.8856.7
2030.Q2$18.1B+11.1%34.6%26.7%$4.6B−$1.9B$2.6B8.1%$1.9B25.2%$19.1B$3.5446.1
2031.Q2$20.2B+12.1%34.5%25.6%$5.2B−$2.4B$2.8B8.2%$1.9B25.6%$21.5B$4.6834.9
Term. Yr+$29.9B4.1%34.5%20.0%$8.3B−$1.4B$6.8B8.6%$69.0B23.6%
Active scenario IV: $139 (-15.1% vs market)