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FTNT Fortinet PE ratio, current and historical analysis

The current PE ratio for Fortinet stock as of Jun 20, 2024 is 37.62. This is calculated based on the TTM EPS of $1.54 and the stock price of $57.94 per share. The PE ratio has decreased by 16% from its last 4 quarters average of 45.0.

FTNT PE ratio history

How has FTNT's PE ratio performed in the past

The average historical PE ratio of Fortinet for the last ten years is 172.83. The current price-to-earnings ratio of 37.62 is 78% less than the historical average. Analyzing the last ten years, FTNT's PE ratio reached its highest point in the Jun 2015 quarter at 826.6, when the price was $8.27 and the EPS was $0.01. The lowest point was recorded in the Sep 2019 quarter, when it reached 32.66 with a price of $15.35 and an EPS of $0.47.

Average
172.83
Median
79.54
Minimum
32.66
Maximum
826.6

Fortinet PE ratio by year

Maximum annual increase: 204.99% in 2015

Maximum annual decrease: -83.88% in 2018

Year PE ratio Change
2023 39.82 -12.04%
2022 45.27 -53.4%
2021 97.14 96.2%
2020 49.51 -9.57%
2019 54.75 55.45%
2018 35.22 -83.88%
2017 218.45 45.05%
2016 150.6 -75.84%
2015 623.4 204.99%
2014 204.4 167.12%

FTNT average PE ratio chart

What is the average PE ratio of FTNT for the past years

The current PE ratio of FTNT is under its 3, 5 and 10-year averages.

3-year avg
62.07
5-year avg
56.1
10-year avg
172.83
15-year avg
N/A

FTNT PE vs peers

What is FTNT's PE ratio compared to its peers

FTNT's PE ratio is less than its peer stocks PANW and JNPR, but it is above CSCO's and INTC's. Fortinet's current PE ratio of 37.62 is more than the average of its peers, which is 27.4.

Stock name PE ratio Market cap
HPQ Hp Inc 12.12 $35.59B
CSCO Cisco Systems Inc 15.82 $190.52B
FFIV F5 Networks Inc 20.21 $9.94B
CHKP Check Point Software Technologies Ltd. 21.76 $17.84B
INTC Intel Corp 32.39 $132.35B
FTNT Fortinet Inc 38.03 $44.74B
PANW Palo Alto Networks Inc 41.55 $103.72B
JNPR Juniper Networks Inc 50.27 $11.6B
NTGR Netgear Inc N/A $417.46M
ADTN Adtran Inc N/A $418.53M

Frequently asked questions

What is Fortinet's PE ratio?

FTNT stock has a price to earnings ratio of 37.62 as of Jun 20, 2024.

What is the 3-year average PE ratio for Fortinet (FTNT)?

The average PE ratio for FTNT stock over the past 3 years is 62.07.

What is the 5-year average PE ratio for Fortinet (FTNT)?

The average PE ratio for FTNT stock over the past 5 years is 56.1.

What is the highest PE ratio for FTNT?

Over the last ten years, the Jun 2015 quarter recorded the highest quarterly PE ratio at 826.6.

How does the current PE ratio for FTNT compare to its historical average?

The current PE ratio of FTNT is 78% lower than the 10-year historical average.

How is FTNT's PE ratio calculated (Fortinet PE ratio formula)?

The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 20, 2024), Fortinet's share price is $57.94. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $1.54. Therefore, Fortinet's price to earnings ratio for today is 37.62. PE RATIO(37.62) = STOCK PRICE($57.94) / TTM EPS($1.54)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.