Back to FTNT overview
#
FTNT Fortinet
PE ratio, current and historical analysis

## FTNT PE ratio history

### Fortinet PE ratio by year

## FTNT average PE ratio chart

## FTNT PE vs peers

## Frequently asked questions

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What is Fortinet's PE ratio?

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

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

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What is the highest PE ratio for FTNT?

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

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

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.

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

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% |

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

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 |

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

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

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

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

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

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.