Fortinet, Inc.

Fortinet, Inc.verified




Market Cap:


Fortinet, Inc. provides broad, integrated, and automated cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers FortiGate hardware and software licenses that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, web filtering, anti-spam, and wide area network acceleration. The company also provides FortiSwitch product family that offers secure switching solutions for connecting customers their end devices; FortiAP product family, which provides secure wireless networking solutions; FortiExtender, a hardware appliance; FortiAnalyzer product fami...[Read more]


Software - Infrastructure

IPO Date


Stock Exchange




The PE Ratio as of June 2024 (TTM) for Fortinet, Inc. (FTNT) is 38.03

According to Fortinet, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 38.03. This represents a change of -10.72% compared to the average of 42.60 of the last 4 quarters.

Fortinet, Inc. (FTNT) Historical PE Ratio (quarterly & annually)

How has FTNT PE Ratio performed in the past?

The mean historical PE Ratio of Fortinet, Inc. over the last ten years is 158.99. The current 38.03 PE Ratio has changed 2.29% with respect to the historical average. Over the past ten years (40 quarters), FTNT's PE Ratio was at its highest in in the June 2015 quarter at 2.22K. The PE Ratio was at its lowest in in the June 2016 quarter at -979.39.

Quarterly (TTM)









Fortinet, Inc. (FTNT) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Fortinet, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 235.38%

Maximum Annual PE Ratio = 664.52

Minimum Annual Increase = -85.22%

Minimum Annual PE Ratio = 35.86

Quarterly (TTM)
YearPE RatioChange

Fortinet, Inc. (FTNT) Average PE Ratio

How has FTNT PE Ratio performed in the past?

The current PE Ratio of Fortinet, Inc. (FTNT) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg


5-year avg


10-year avg


Fortinet, Inc. (FTNT) PE Ratio vs. Peers

How is FTNT’s PE Ratio compared to its peers?

Fortinet, Inc.’s PE Ratio is less than CrowdStrike Holdings, Inc. (700.77), greater than Okta, Inc. (-52.73), greater than Cloudflare, Inc. (-145.47), greater than MongoDB, Inc. (-81.84), less than Palo Alto Networks, Inc. (42.26), less than Splunk Inc. (100.60), less than Adobe Inc. (47.16), less than Palantir Technologies Inc. (176.76), greater than Zscaler, Inc. (-367.13), greater than UiPath Inc. (-78.60),

CompanyPE RatioMarket cap

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