Powerpack

Unlock full stockrow access for only $9.90/month and boost yourself as an investor.

  • Full quarterly history

    Every quarter and TTM period we hold, not just the last 12.

  • Analyst estimates

    Three years of forward estimates and dividend forecasts.

  • Unlimited screener

    All results, unlimited saved screens, email when a screen changes.

  • Unlimited Excel

    Full workbooks and screener exports.

  • Unlimited follows

See Powerpack
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/Sales

As of 25 September 2026, Fortinet, Inc. (FTNT) trades at a EV/Sales of 16.5×. Over the past ten years it has ranged from 3.1× (February 2016) to 18.6× (December 2021); the current reading is higher than 98% of that period. That is above the Software Infrastructure industry median of 3.0× and above the Technology sector median of 2.9×.

EV/Sales, daily

Annual

Period EV/Sales Change
FY2025 8.5× (27.06%)
FY2024 11.6× 41.42%
FY2023 8.2× (2.49%)
FY2022 8.4× (50.71%)
FY2021 17.1× 96.14%
FY2020 8.7× 16.09%
FY2019 7.5× 31.98%
FY2018 5.7× 31.23%
FY2017 4.3× 34.50%
FY2016 3.2× (26.36%)

Quarterly

Period EV/Sales Change
Jun 2026 14.6× 78.15%
Mar 2026 8.2× (3.58%)
Dec 2025 8.5× (9.55%)
Sep 2025 9.4× (23.26%)
42 more quarters

Against its own ten years

Low 3.1× High 18.6×
Ten-year median 8.2×
Current reading's percentile 98

EV/Sales against peers

Company EV/Sales
XYZ Block, Inc. compare 1.9×
TWLO Twilio Inc. compare 7.3×
SNPS Synopsys, Inc. compare 9.3×
CRWV CoreWeave Inc. compare 10.2×
FTNT Fortinet, Inc. 16.5×
PANW Palo Alto Networks, Inc. compare 24.3×
CRWD CrowdStrike compare 46.8×
NET Cloudflare, Inc. compare 48.3×
NBIS Nebius Group N.V. compare 49.5×
Software Infrastructure industry median 3.0×
Technology sector median 2.9×
Market median 2.2×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

More on FTNT