FTNT Fortinet PE ratio, current and historical analysis
- Stocks
- Technology
- NASDAQ: FTNT
- PE Ratio
The current PE ratio for Fortinet stock as of May 14, 2025 is 42.13. This is calculated based on the TTM EPS of $2.45 and the stock price of $103.23 per share. The PE ratio has increased by 9% from its last 4 quarters average of 38.7.
FTNT PE ratio history
The average historical PE ratio of Fortinet for the last ten years is 157.18. The current price-to-earnings ratio of 42.13 is 73% 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.
Fortinet PE ratio by year
Maximum annual increase: 482.92% in 2010
Maximum annual decrease: -83.88% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 41.44 | 4.07% | $94.48 | $2.28 |
| 2023 | 39.82 | -12.04% | $58.53 | $1.47 |
| 2022 | 45.27 | -53.4% | $48.89 | $1.08 |
| 2021 | 97.14 | 96.2% | $71.88 | $0.74 |
| 2020 | 49.51 | -9.57% | $29.71 | $0.6 |
| 2019 | 54.75 | 55.45% | $21.35 | $0.39 |
| 2018 | 35.22 | -83.88% | $14.09 | $0.4 |
| 2017 | 218.45 | 45.05% | $8.74 | $0.04 |
| 2016 | 150.6 | -75.84% | $6.02 | $0.04 |
| 2015 | 623.4 | 204.99% | $6.23 | $0.01 |
| 2014 | 204.4 | 167.12% | $6.13 | $0.03 |
| 2013 | 76.52 | 45.61% | $3.83 | $0.05 |
| 2012 | 52.55 | -3.63% | $4.2 | $0.08 |
| 2011 | 54.53 | 1.13% | $4.36 | $0.08 |
| 2010 | 53.92 | 482.92% | $3.24 | $0.06 |
Fortinet PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 39.29 | -5.19% | $96.26 | $2.45 |
| Dec 2024 | 41.44 | 6.86% | $94.48 | $2.28 |
| Sep 2024 | 38.78 | 9.39% | $77.55 | $2 |
| Jun 2024 | 35.45 | -20.09% | $60.27 | $1.7 |
| Mar 2024 | 44.36 | 11.4% | $68.31 | $1.54 |
| Dec 2023 | 39.82 | -0.25% | $58.53 | $1.47 |
| Sep 2023 | 39.92 | -28.7% | $58.68 | $1.47 |
| Jun 2023 | 55.99 | 3.63% | $75.59 | $1.35 |
| Mar 2023 | 54.03 | 19.35% | $66.46 | $1.23 |
| Dec 2022 | 45.27 | -15.22% | $48.89 | $1.08 |
| Sep 2022 | 53.4 | -21.67% | $49.13 | $0.92 |
| Jun 2022 | 68.17 | -22.21% | $56.58 | $0.83 |
| Mar 2022 | 87.63 | -9.79% | $68.35 | $0.78 |
| Dec 2021 | 97.14 | 14.75% | $71.88 | $0.74 |
| Sep 2021 | 84.65 | 13.73% | $58.41 | $0.69 |
FTNT Price vs fair value
FTNT average PE ratio chart
The current PE ratio of FTNT is under its 3, 5 and 10-year averages.
FTNT PE vs peers
FTNT's PE ratio is less than its peer stock PANW, but it is above CSCO's and HPQ's. Fortinet's current PE ratio of 42.13 is more than the average of its peers, which is 36.72.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 10.23 | $27.01B |
| FFIV F5 Networks Inc | 26.44 | $16.17B |
| CSCO Cisco Systems Inc | 26.65 | $243.83B |
| CHKP Check Point Software Technologies Ltd. | 27.53 | $23.14B |
| NTGR Netgear Inc | 32.71 | $837.89M |
| JNPR Juniper Networks Inc | 34.06 | $12.07B |
| FTNT Fortinet Inc | 42.13 | $79.01B |
| PANW Palo Alto Networks Inc | 99.43 | $126.39B |
| INTC Intel Corp | N/A | $93.87B |
| ADTN Adtran Inc | N/A | $650.86M |
Frequently asked questions
What is Fortinet's PE ratio?
FTNT stock has a price to earnings ratio of 42.13 as of May 14, 2025.
What is the 3-year average PE ratio for Fortinet (FTNT)?
The average PE ratio for FTNT stock over the past 3 years is 46.33.
What is the 5-year average PE ratio for Fortinet (FTNT)?
The average PE ratio for FTNT stock over the past 5 years is 55.43.
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 73% 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 (May 14, 2025), Fortinet's share price is $103.23. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $2.45. Therefore, Fortinet's price to earnings ratio for today is 42.13. PE RATIO(42.13) = STOCK PRICE($103.23) / TTM EPS($2.45)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.