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Screener Weekly Summary Pricing

Fortinet, Inc. FTNT

Technology  —  Software Infrastructure
173.46 (5.21) (2.92%) as of 25 Sep
Market cap
$130.0B
P/E
60.7×
S&P 500 Member Cash Flow Champion (10y) Revenue Champion (10y)
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Fortinet, Inc. (FTNT) EV/EBITDA

As of 25 September 2026, Fortinet, Inc. (FTNT) trades at a EV/EBITDA of 42.1×. Over the past ten years it has ranged from 20.2× (April 2026) to 116× (October 2015); the current reading is higher than 65% of that period. That is above the Software Infrastructure industry median of 14.9× and above the Technology sector median of 15.7×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 22.7× (28.81%)
FY2024 31.9× 16.50%
FY2023 27.4× (4.33%)
FY2022 28.6× (54.08%)
FY2021 62.3× 103.58%
FY2020 30.6× (3.09%)
FY2019 31.6× 16.96%
FY2018 27.0× (30.12%)
FY2017 38.6× (9.62%)
FY2016 42.7× (47.84%)

Quarterly

Period EV/EBITDA Change
Jun 2026 37.2× 72.37%
Mar 2026 21.6× (4.87%)
Dec 2025 22.7× (8.97%)
Sep 2025 24.9× (23.92%)
42 more quarters

Against its own ten years

Low 20.2× High 116×
Ten-year median 36.7×
Current reading's percentile 65

EV/EBITDA against peers

Company EV/EBITDA
NET Cloudflare, Inc. compare n/m
CRWV CoreWeave Inc. compare 19.8×
SNPS Synopsys, Inc. compare 32.3×
FTNT Fortinet, Inc. 42.1×
TWLO Twilio Inc. compare 79.5×
PANW Palo Alto Networks, Inc. compare 129×
XYZ Block, Inc. compare 131×
CRWD CrowdStrike compare 391×
NBIS Nebius Group N.V. compare 472×
Software Infrastructure industry median 14.9×
Technology sector median 15.7×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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