PANW · CIK 0001327567 · FY2026 live · 2026-07-31

Palo Alto Networks Inc

DistressSEC 10-KClassic ZTechnology36th percentile in Technology · 226 names

View as

Model

Classic Z

FY2026

1.12

Zone

Distress

vs FY2025

+0.13

Market DD

—

1y PD

—

Meridian Rank

58.60

from 59.13

0–100 · Classic Z tape · not a PD

Book standing
48
Year change
63
Market PD
—
O-score
81

Events on this name

Same published rows as Today. Not a live recompute.

Large rank drop
watch · 50
- Meridian Rank: 59.13 → 58.60
Market PD unavailable
watch · 45

1.12

Z″ 1.49

−21.83.08+

Score 1.12 · distress below 1.80, grey to 2.99, safe at 3.00 and above.

FY2016SEC 10-K printsFY2026 · 1.12

Classic Z factor contributions

X1 Working capital / assets
Short-term liquidity versus the size of the balance sheet.
−0.03
1.2 × = −0.03
X2 Retained earnings / assets
Cushion from years of profits. Share buybacks can push this negative at otherwise healthy firms.
0.06
1.4 × = 0.08
X3 EBIT / assets
Operating return on assets. Highest weight in the original model.
0.01
3.3 × = 0.05
X4 Book equity / liabilities
Book equity versus the liability stack. Mega-caps often look greyer here than they would if X4 used market cap.
1.31
0.6 × = 0.79
X5 Sales / assets
Asset turnover — how much revenue the asset base supports.
0.24
1 × = 0.24

Five-year path

Z plus liquidity (working capital / assets) and earnings (EBIT / assets) over the last 5 annual filings.

Overview

rule-v1

Palo Alto Networks Inc is on classic Z at 1.12 (distress) for FY2026, from an SEC 10-K. Book equity / liabilities is the line that sets the print. Versus FY2025 the live print is still distress (+0.13 from 0.99). No market tape loaded. Classic Z was fit on manufacturers; buybacks can send retained earnings negative at otherwise healthy issuers, and X4 is book equity, not market cap.

Book screen Distress; market PD —. Tape not priced — not a single default call.

Market DD · naive Merton

No market tape yet.

Pull a year of closes (Yahoo, Nasdaq if Yahoo is limited) and size equity from Nasdaq cap or EDGAR shares. Distance-to-default and 1-year PD stay blank until then.

Sector peers

Closest Classic Z scores · 36th percentile in Technology.

KPI widgets

Current assets

$8.6B

Total assets

$48.5B

Current liabilities

$9.9B

Total liabilities

$21.0B

Working capital

−$1.3B

Retained earnings

$2.8B

EBIT

$695M

Total sales

$11.5B

Book equity

$27.5B

Accession 0001327567-26-000023. Live rank is the latest 10-K on EDGAR (FY2026, period 2026-07-31). Classic Z is the live score. View as does not rewrite the live rank. X4 is book equity. Pulled 13 Sept 2026.