HON vs PANW: Which Is the Better Buy?
Side-by-side comparison of Honeywell International Inc. and Palo Alto Networks, Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-26.
Honeywell International Inc. · Industrials
$212.55
-8.5% upside to fair value
Med Conviction
Grade C
VS
Palo Alto Networks, Inc. · Technology
$374.74
-5.2% upside to fair value
Med Conviction
Grade C
High Quality
QuantHub Verdict
PANW has more upside to fair value
(-5.2%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
HON |
PANW |
| Current Price |
$212.55 |
$374.74 |
| Fair Value Estimate |
$194.50 |
$355.11 |
| Upside to Fair Value |
-8.5%
|
-5.2%
|
| Market Cap |
$67.4B |
$305.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
7.4x
|
569.8x
|
| Price / Sales |
1.9x
|
26.6x
|
| Price / FCF |
16.4x
|
64.0x
|
| Revenue Growth YoY |
-6.1%
|
+34.4%
|
| Gross Margin |
36.6%
|
70.4%
|
| Operating Margin |
14.1%
|
6.1%
|
| Return on Equity |
41.7%
|
1.7%
|
| Dividend Yield |
2.09% |
0% |
| FCF Yield |
6.11%
|
1.56%
|
| Analyst Consensus |
Buy
|
Strong Buy
|
Investment Thesis
Honeywell International Inc. is a 101,000-employee diversified industrial technology and manufacturing conglomerate, led by CEO Vimal Kapur, spanning Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Business quality is solid but not exceptional: the company carries a durable intangible-asset and switching-cost moat in aerospace avion…
Palo Alto Networks is a global cybersecurity leader built around next-generation firewalls, the Panorama management platform, and a broad subscription portfolio spanning threat prevention, cloud security, secure access, and security analytics, sold to medium and large enterprises, service providers, and governments through direct and channel distribution. The business quality is genuinely high on…
Accumulation Zones
| Metric |
HON |
PANW |
| Zone Low |
$145.88 |
$266.33 |
| Zone High |
$165.32 |
$301.84 |
| In Buy Zone? |
No
|
No
|