(PSTG) Pure Storage - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US74624M1027

FlashArray, FlashBlade, Portworx, Fusion, Evergreen

Technology Hardware, Storage & Peripherals
Market Cap in USD: 21,692m

IPO / Inception: 2015-10-07
12m vs SPY: -7.0%

EPS (Earnings per Share)

EPS CAGR: 13.56%
EPS Trend: 16.3%

Last SUE: 0.00
Qual. Beats: 0

Revenue

Rev. CAGR: 8.57%
Rev. Trend: 76.9%

Last SUE: 1.67
Qual. Beats: 6

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	54.2%
Value at Risk 5%th	78.1%
Relative Tail Risk	-12.47%

Reward TTM
Sharpe Ratio	0.44
Alpha	-20.86
CAGR/Max DD	0.83

Character TTM
Hurst Exponent	0.574
Beta	1.840
Beta Downside	1.967

Drawdowns 3y
Max DD	48.63%
Mean DD	14.09%
Median DD	11.31%

Description: PSTG Pure Storage December 17, 2025

Pure Storage, Inc. (NYSE:PSTG) delivers enterprise-class data storage and management solutions through a software-defined architecture called Purity, which underpins both its on-premise FlashArray and FlashBlade hardware families and its cloud-native offerings.

The product suite spans block-oriented FlashArray systems (X, C, XL, E, and File Services) for databases, VMs, and traditional workloads, as well as FlashBlade appliances (S, E, EXA) optimized for unstructured data, real-time analytics, and high-performance computing. Cloud-centric capabilities include Portworx for Kubernetes data services, Pure Fusion’s SaaS management plane, and Cloud Block Store for hybrid-cloud block storage, all sold via a direct sales force and channel partners.

Key recent metrics suggest the company is gaining traction in the subscription-based model: FY 2024 total revenue reached **$3.6 billion**, with **ARR (annual recurring revenue) growing ~28 % YoY** and subscription revenue now representing roughly **45 % of total revenue**. Gross margins have improved to **≈ 71 %**, reflecting the higher-margin SaaS mix, while cash flow from operations remains positive, supporting continued R&D and go-to-market investment. Macro-level drivers include the broader shift to hybrid-cloud architectures, rising demand for data-intensive AI/ML workloads, and the industry-wide move toward subscription pricing to smooth spend for enterprise IT budgets.

For a deeper, data-driven assessment of Pure Storage’s valuation and risk profile, you may find the analyst tools on ValueRay useful for further research.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (130.4m TTM) > 0 and > 6% of Revenue (6% = 209.0m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA -10.02pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 26.92% (prev 36.22%; Δ -9.30pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.08 (>3.0%) and CFO 326.6m > Net Income 130.4m (YES >=105%, WARN >=100%)

Net Debt (-627.3m) to EBITDA (311.4m) ratio: -2.01 <= 3.0 (WARN <= 3.5)

Current Ratio 1.58 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (340.6m) change vs 12m ago 0.0% (target <= -2.0% for YES)

Gross Margin 69.81% (prev 71.06%; Δ -1.25pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 86.31% (prev 79.86%; Δ 6.45pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 19.03 (EBITDA TTM 311.4m / Interest Expense TTM 9.19m) >= 6 (WARN >= 3)

Altman Z'' 1.28

(A) 0.22 = (Total Current Assets 2.54b - Total Current Liabilities 1.61b) / Total Assets 4.22b

(B) -0.30 = Retained Earnings (Balance) -1.28b / Total Assets 4.22b

(D) 0.50 = Book Value of Equity 1.40b / Total Liabilities 2.82b

Total Rating: 1.28 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 62.99

1. Piotroski 6.0pt

2. FCF Yield 1.02%

3. FCF Margin 5.94%

4. Debt/Equity 0.16

5. Debt/Ebitda -2.01

6. ROIC - WACC (= -1.91)%

7. RoE 9.89%

8. Rev. Trend 76.88%

9. EPS Trend 16.26%

What is the price of PSTG shares?

As of January 16, 2026, the stock is trading at USD 70.57 with a total of 4,827,764 shares traded.
Over the past week, the price has changed by +2.89%, over one month by +1.44%, over three months by -23.71% and over the past year by +11.57%.

Is PSTG a buy, sell or hold?

Pure Storage has received a consensus analysts rating of 4.10. Therefore, it is recommended to buy PSTG.

Strong Buy: 10
Buy: 5
Hold: 5
Sell: 0
Strong Sell: 1

What are the forecasts/targets for the PSTG price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	95.2	34.8%
Analysts Target Price	95.2	34.8%
ValueRay Target Price	85.5	21.1%

PSTG Fundamental Data Overview January 10, 2026

P/E Trailing = 172.8947
P/E Forward = 31.25
P/S = 6.2266
P/B = 15.4626
P/EG = 1.5628
Revenue TTM = 3.48b USD
EBIT TTM = 174.8m USD
EBITDA TTM = 311.4m USD
Long Term Debt = 226.1m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 43.6m USD (from shortTermDebt, last quarter)
Debt = 225.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -627.3m USD (from netDebt column, last quarter)
Enterprise Value = 20.39b USD (21.69b + Debt 225.5m - CCE 1.53b)
Interest Coverage Ratio = 19.03 (Ebit TTM 174.8m / Interest Expense TTM 9.19m)
EV/FCF = 98.45x (Enterprise Value 20.39b / FCF TTM 207.1m)
FCF Yield = 1.02% (FCF TTM 207.1m / Enterprise Value 20.39b)
FCF Margin = 5.94% (FCF TTM 207.1m / Revenue TTM 3.48b)
Net Margin = 3.74% (Net Income TTM 130.4m / Revenue TTM 3.48b)
Gross Margin = 69.81% ((Revenue TTM 3.48b - Cost of Revenue TTM 1.05b) / Revenue TTM)
Gross Margin QoQ = 72.31% (prev 70.19%)
Tobins Q-Ratio = 4.83 (Enterprise Value 20.39b / Total Assets 4.22b)
Interest Expense / Debt = 0.12% (Interest Expense 266.0k / Debt 225.5m)
Taxrate = 16.59% (10.9m / 65.7m)
NOPAT = 145.8m (EBIT 174.8m * (1 - 16.59%))
Current Ratio = 1.58 (Total Current Assets 2.54b / Total Current Liabilities 1.61b)
Debt / Equity = 0.16 (Debt 225.5m / totalStockholderEquity, last quarter 1.40b)
Debt / EBITDA = -2.01 (Net Debt -627.3m / EBITDA 311.4m)
Debt / FCF = -3.03 (Net Debt -627.3m / FCF TTM 207.1m)
Total Stockholder Equity = 1.32b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.23% (Net Income 130.4m / Total Assets 4.22b)
RoE = 9.89% (Net Income TTM 130.4m / Total Stockholder Equity 1.32b)
RoCE = 11.32% (EBIT 174.8m / Capital Employed (Equity 1.32b + L.T.Debt 226.1m))
RoIC = 10.66% (NOPAT 145.8m / Invested Capital 1.37b)
WACC = 12.57% (E(21.69b)/V(21.92b) * Re(12.70%) + D(225.5m)/V(21.92b) * Rd(0.12%) * (1-Tc(0.17)))
Discount Rate = 12.70% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 1.55%
[DCF Debug] Terminal Value 63.69% ; FCFF base≈354.4m ; Y1≈362.3m ; Y5≈400.9m
Fair Price DCF = 13.12 (EV 3.71b - Net Debt -627.3m = Equity 4.33b / Shares 330.2m; r=12.57% [WACC]; 5y FCF grow 2.10% → 2.90% )
EPS Correlation: 16.26 | EPS CAGR: 13.56% | SUE: 0.0 | # QB: 0
Revenue Correlation: 76.88 | Revenue CAGR: 8.57% | SUE: 1.67 | # QB: 6
EPS next Quarter (2026-04-30): EPS=0.39 | Chg30d=-0.030 | Revisions Net=-9 | Analysts=18
EPS next Year (2027-01-31): EPS=2.29 | Chg30d=-0.179 | Revisions Net=-10 | Growth EPS=+17.5% | Growth Revenue=+17.3%

Additional Sources for PSTG Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle