WallStSmart

nCino Inc (NCNO)vsPalo Alto Networks Inc (PANW)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Palo Alto Networks Inc generates 1639% more annual revenue ($10.61B vs $610.06M). PANW leads profitability with a 8.0% profit margin vs 2.2%. NCNO trades at a lower P/E of 149.4x. NCNO earns a higher WallStSmart Score of 49/100 (D+).

NCNO

Hold

49

out of 100

Grade: D+

Growth: 8.0Profit: 4.5Value: 5.7Quality: 5.0
Piotroski: 5/9Altman Z: 1.20

PANW

Hold

47

out of 100

Grade: D+

Growth: 9.3Profit: 3.5Value: 4.7Quality: 4.5
Piotroski: 1/9Altman Z: 1.02
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

NCNOUndervalued (+68.4%)

Margin of Safety

+68.4%

Fair Value

$55.62

Current Price

$18.83

$36.79 discount

UndervaluedFair: $55.62Overvalued
PANWUndervalued (+32.8%)

Margin of Safety

+32.8%

Fair Value

$467.52

Current Price

$319.00

$148.52 discount

UndervaluedFair: $467.52Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

NCNO2 strengths · Avg: 9.0/10
EPS GrowthGrowth
147.6%10/10

Earnings expanding 147.6% YoY

Price/BookValuation
2.1x8/10

Reasonable price relative to book value

PANW4 strengths · Avg: 10.0/10
Market CapQuality
$273.25B10/10

Mega-cap, among the largest globally

Revenue GrowthGrowth
31.1%10/10

Revenue surging 31.1% year-over-year

EPS GrowthGrowth
60.5%10/10

Earnings expanding 60.5% YoY

Debt/EquityHealth
0.0710/10

Conservative balance sheet, low leverage

Areas to Watch

NCNO4 concerns · Avg: 2.8/10
Market CapQuality
$1.96B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.8%3/10

ROE of 1.8% — below average capital efficiency

Profit MarginProfitability
2.2%3/10

2.2% margin — thin

P/E RatioValuation
149.4x2/10

Premium valuation, high expectations priced in

PANW4 concerns · Avg: 3.3/10
Price/BookValuation
9.4x4/10

Trading at 9.4x book value

Return on EquityProfitability
3.0%3/10

ROE of 3.0% — below average capital efficiency

Profit MarginProfitability
8.0%3/10

8.0% margin — thin

Piotroski F-ScoreQuality
1/93/10

Weak financial health signals

Comparative Analysis Report

WallStSmart Research

Bull Case : NCNO

The strongest argument for NCNO centers on EPS Growth, Price/Book. Revenue growth of 10.6% demonstrates continued momentum.

Bull Case : PANW

The strongest argument for PANW centers on Market Cap, Revenue Growth, EPS Growth. Revenue growth of 31.1% demonstrates continued momentum.

Bear Case : NCNO

The primary concerns for NCNO are Market Cap, Return on Equity, Profit Margin. A P/E of 149.4x leaves little room for execution misses. Thin 2.2% margins leave little buffer for downturns.

Bear Case : PANW

The primary concerns for PANW are Price/Book, Return on Equity, Profit Margin. A P/E of 294.1x leaves little room for execution misses.

Key Dynamics to Monitor

NCNO profiles as a value stock while PANW is a hypergrowth play — different risk/reward profiles.

PANW carries more volatility with a beta of 0.91 — expect wider price swings.

PANW is growing revenue faster at 31.1% — sustainability is the question.

PANW generates stronger free cash flow (788M), providing more financial flexibility.

Bottom Line

NCNO scores higher overall (49/100 vs 47/100) and 10.6% revenue growth. PANW offers better value entry with a 32.8% margin of safety. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

nCino Inc

TECHNOLOGY · SOFTWARE - APPLICATION · USA

nCino, Inc., a software as a service company, provides cloud-based software applications for financial institutions in the United States and internationally. The company is headquartered in Wilmington, North Carolina.

Palo Alto Networks Inc

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Palo Alto Networks, Inc. provides cybersecurity platform solutions globally. The company is headquartered in Santa Clara, California.

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