FTNT Fortinet PE ratio, current and historical analysis

The current PE ratio for Fortinet stock as of Apr 2, 2025 is 43.02. This is calculated based on the TTM EPS of $2.28 and the stock price of $98.08 per share. The PE ratio has increased by 8% from its last 4 quarters average of 40.0.

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 160.21. The current price-to-earnings ratio of 43.02 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.

Today
43.02
Average
160.21
Median
60.47
Minimum
32.66
Maximum
826.6

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
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
Jun 2021 74.43 23.09% $47.64 $0.64

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
46.97
5-year avg
56.28
10-year avg
160.21
15-year avg
133.8

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 NTGR, but it is above CSCO's and HPQ's. Fortinet's current PE ratio of 43.02 is more than the average of its peers, which is 40.37.

Stock name PE ratio Market cap
HPQ Hp Inc 9.96 $26.28B
FFIV F5 Networks Inc 26.84 $15.72B
CSCO Cisco Systems Inc 26.88 $245.94B
CHKP Check Point Software Technologies Ltd. 29.81 $24.71B
JNPR Juniper Networks Inc 40.99 $12.02B
FTNT Fortinet Inc 43.02 $75.42B
NTGR Netgear Inc 57.91 $718.84M
PANW Palo Alto Networks Inc 90.2 $114.66B
INTC Intel Corp N/A $95.17B
ADTN Adtran Inc N/A $692.39M

Frequently asked questions

What is Fortinet's PE ratio?

FTNT stock has a price to earnings ratio of 43.02 as of Apr 2, 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 46.97.

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

The average PE ratio for FTNT stock over the past 5 years is 56.28.

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 (Apr 2, 2025), Fortinet's share price is $98.08. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $2.28. Therefore, Fortinet's price to earnings ratio for today is 43.02. PE RATIO(43.02) = STOCK PRICE($98.08) / TTM EPS($2.28)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.