The current PE ratio for Fortinet stock as of Jul 25, 2024 is 37.21. This is calculated based on the TTM EPS of $1.54 and the stock price of $57.31 per share. The PE ratio has decreased by 17% from its last 4 quarters average of 45.0.
The average historical PE ratio of Fortinet for the last ten years is 174.68. The current price-to-earnings ratio of 37.21 is 79% 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 stocks PANW and JNPR, but it is above CSCO's and INTC's. Fortinet's current PE ratio of 37.21 is more than the average of its peers, which is 28.56.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HPQ Hp Inc | 12.11 | $35.56B |
| CSCO Cisco Systems Inc | 16.01 | $192.9B |
| FFIV F5 Networks Inc | 21.14 | $10.39B |
| CHKP Check Point Software Technologies Ltd. | 24.8 | $20.3B |
| INTC Intel Corp | 32.66 | $133.46B |
| FTNT Fortinet Inc | 37.01 | $43.54B |
| PANW Palo Alto Networks Inc | 42.39 | $105.82B |
| JNPR Juniper Networks Inc | 52.46 | $12.11B |
| NTGR Netgear Inc | N/A | $465.14M |
| ADTN Adtran Inc | N/A | $512.68M |
FTNT stock has a price to earnings ratio of 37.21 as of Jul 25, 2024.
The average PE ratio for FTNT stock over the past 3 years is 60.94.
The average PE ratio for FTNT stock over the past 5 years is 57.21.
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 79% 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 (Jul 25, 2024), Fortinet's share price is $57.31. 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 37.21. PE RATIO(37.21) = STOCK PRICE($57.31) / TTM EPS($1.54)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.