Arista Networks Inc (ANET) is overvalued and Western Digital Corp (WDC) is overvalued.
Both trade above our estimate of their intrinsic value. WDC is the closer of the two: -34%, against -79% for ANET.
Values as of the 22 Sept 2026 close.
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $114.88; the price of $205.19 is 79% above that value.
Leak Score 72/100 on 8 of 12 signals
A 9.6x revenue multiple, adjusted for growth and margin, values the shares at $347.40; the price of $464.60 is 34% above that value.
Leak Score 58/100 on 10 of 12 signals
| Metric | ANET | WDC |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $205.19 | $464.60 |
| Intrinsic value | $114.88 | $347.40 |
| Margin of safety | -79% | -34% |
| Leak Score | 72/100 (8/12) | 58/100 (10/12) |
| Market cap | $258.8B | $167.5B |
| Revenue growth, 5 years | 31.2% | -5.3% |
| Operating margin | 43.1% | 35.6% |
| Net margin | 38.4% | 72.0% |
| Return on equity | 31.5% | 131.4% |
| Debt to equity | 0.00 | 0.13 |
| P/E | 64.7x | 19.2x |
| Forward P/E | 39.3x | 14.3x |
| P/B | 17.5x | 18.9x |
| Dividend yield | — | 0.1% |