FTNT Fortinet PE ratio, current and historical analysis
The current PE ratio for Fortinet stock as of Nov 21, 2024 is 47.01. This is calculated based on the TTM EPS of $2 and the stock price of $94.02 per share. The PE ratio has increased by 19% from its last 4 quarters average of 39.6.
FTNT PE ratio history
The average historical PE ratio of Fortinet for the last ten years is 169.01. The current price-to-earnings ratio of 47.01 is 72% 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: 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
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 47.01 is more than the average of its peers, which is 30.85.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 13.34 | $37.01B |
| CHKP Check Point Software Technologies Ltd. | 24.19 | $19.96B |
| CSCO Cisco Systems Inc | 24.94 | $232.39B |
| FFIV F5 Networks Inc | 25.48 | $14.41B |
| NTGR Netgear Inc | 33.81 | $700.26M |
| PANW Palo Alto Networks Inc | 44.66 | $124.25B |
| JNPR Juniper Networks Inc | 46.31 | $11.81B |
| FTNT Fortinet Inc | 46.63 | $71.48B |
| INTC Intel Corp | N/A | $105.8B |
| ADTN Adtran Inc | N/A | $683.92M |
Frequently asked questions
What is Fortinet's PE ratio?
FTNT stock has a price to earnings ratio of 47.01 as of Nov 21, 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 55.0.
What is the 5-year average PE ratio for Fortinet (FTNT)?
The average PE ratio for FTNT stock over the past 5 years is 56.43.
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 72% 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 (Nov 21, 2024), Fortinet's share price is $94.02. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $2. Therefore, Fortinet's price to earnings ratio for today is 47.01. PE RATIO(47.01) = STOCK PRICE($94.02) / TTM EPS($2)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.