Fortinet, Inc. FTNT
173.46
(5.21)
(2.92%)
as of 25 Sep
- Market cap
- $130.0B
- P/E
- 60.7×
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Fortinet, Inc. (FTNT) P/E ratio
As of 25 September 2026, Fortinet, Inc. (FTNT) trades at a P/E ratio of 60.7×. Over the past ten years it has ranged from 29.4× (August 2025) to 1,320× (October 2016); the current reading is higher than 51% of that period. That is above the Software Infrastructure industry median of 28.0× and above the Technology sector median of 29.7×.
P/E ratio, daily
Annual
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 32.5× | (21.12%) |
| FY2024 | 41.3× | 5.68% |
| FY2023 | 39.0× | (12.94%) |
| FY2022 | 44.8× | (53.58%) |
| FY2021 | 96.6× | 92.51% |
| FY2020 | 50.2× | (10.21%) |
| FY2019 | 55.9× | 55.49% |
| FY2018 | 35.9× | (86.22%) |
| FY2017 | 261× | 66.84% |
| FY2016 | 156× | (74.90%) |
Quarterly
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 53.7× | 70.89% |
| Mar 2026 | 31.4× | (3.42%) |
| Dec 2025 | 32.5× | (5.17%) |
| Sep 2025 | 34.3× | (17.87%) |
| 42 more quarters | Free account |
Against its own ten years
Low 29.4×
High 1,320×
Ten-year median
59.8×
Current reading's percentile
51
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| CRWV CoreWeave Inc. compare | n/m |
| NET Cloudflare, Inc. compare | n/m |
| TWLO Twilio Inc. compare | 36.7× |
| FTNT Fortinet, Inc. | 60.7× |
| SNPS Synopsys, Inc. compare | 74.7× |
| XYZ Block, Inc. compare | 132× |
| PANW Palo Alto Networks, Inc. compare | 706× |
| NBIS Nebius Group N.V. compare | 913× |
| CRWD CrowdStrike compare | 7,163× |
| Software Infrastructure industry median | 28.0× |
| Technology sector median | 29.7× |
| Market median | 17.9× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)
More on FTNT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement