The current PE ratio for Fortinet stock as of Apr 18, 2024 is 43.56. This is calculated based on the TTM EPS of $1.47 and the stock price of $64.03 per share. The PE ratio has decreased by 8% from its last 4 quarters average of 47.4.
The average historical PE ratio of Fortinet for the last ten years is 176.12. The current price-to-earnings ratio of 43.56 is 75% 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.
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% |
The current PE ratio of FTNT is under its 3, 5 and 10-year averages.
FTNT's PE ratio is less than its peer stock INTC, but it is above CSCO's and PANW's. Fortinet's current PE ratio of 43.56 is more than the average of its peers, which is 33.1.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 8.03 | $27.24B |
| CSCO Cisco Systems Inc | 14.54 | $194.89B |
| CHKP Check Point Software Technologies Ltd. | 21.95 | $17.82B |
| FFIV F5 Networks Inc | 22.99 | $10.44B |
| JNPR Juniper Networks Inc | 37.21 | $11.62B |
| PANW Palo Alto Networks Inc | 38.81 | $90.28B |
| FTNT Fortinet Inc | 43.56 | $48.86B |
| INTC Intel Corp | 85.88 | $145.23B |
| NTGR Netgear Inc | N/A | $422.23M |
| ADTN Adtran Inc | N/A | $368.31M |
FTNT stock has a price to earnings ratio of 43.56 as of Apr 18, 2024.
The average PE ratio for FTNT stock over the past 3 years is 63.68.
The average PE ratio for FTNT stock over the past 5 years is 56.72.
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 75% 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 (Apr 18, 2024), Fortinet's share price is $64.03. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $1.47. Therefore, Fortinet's price to earnings ratio for today is 43.56. PE RATIO(43.56) = STOCK PRICE($64.03) / TTM EPS($1.47)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.