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Fortinet, Inc. (FTNT) Enterprise Value (EV): $57.51B

The enterprise value (EV) for Fortinet, Inc. (FTNT) is $57.51B as of Tuesday, June 9, 2026.

FTNT Enterprise Value (EV) Metrics

ENTERPRISE VALUE (EV)

$57.51B

FTNT Competitors' Enterprise Value (EV)

NAMEMARKET CAPENTERPRISE VALUE (EV)
Fortinet, Inc. (FTNT)$57.51B
Adobe Inc. (ADBE)$96.15B$137.59B
Accenture plc (ACN)$106.76B$159.16B
Cadence Design Systems, Inc. (CDNS)$107.82B$84.29B
ServiceNow, Inc. (NOW)$110.32B$158.34B
Synopsys, Inc. (SNPS)$89.09B$84.10B
Cloudflare, Inc. (NET)$83.45B$71.45B
Snowflake Inc. (SNOW)$83.07B$64.95B
Datadog, Inc. (DDOG)$80.92B$48.36B
Intuit Inc. (INTU)$80.36B$223.59B

Enterprise Value Calculation

Market Cap

$101.39B

+

Total Debt

$996.30M

Cash

$2.50B

=

Enterprise Value

$57.51B

EV-Based Valuation Multiples

Why use EV instead of Market Cap?

  • EV accounts for debt - an acquirer must pay or assume it
  • EV deducts cash - the acquirer effectively receives it
  • EV enables fair comparison of companies with different capital structures
  • EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral

Fortinet, Inc. Enterprise Value (EV) Formula & Definition

Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Fortinet, Inc. Enterprise Value (EV) FAQ

What is the enterprise value (EV) for Fortinet, Inc. (FTNT)?
The enterprise value (EV) for FTNT stock is $57.51B.

About Fortinet, Inc.

Fortinet, Inc. specializes in delivering extensive, unified, and automated cybersecurity solutions to a global clientele, encompassing the Americas, Europe, the Middle East, Africa, and the Asia Pacific regions. At its core, the company offers FortiGate, a powerful platform combining hardware and software licenses that provides a comprehensive suite of security and networking functionalities. This includes firewall capabilities, intrusion prevention, anti-malware defense, virtual private network (VPN) services, application control, web filtering, anti-spam measures, and wide area network (WAN) acceleration. Beyond its flagship product, Fortinet provides a diverse portfolio of specialized security tools. These range from FortiSwitch for secure network switching and FortiAP for robust wireless connectivity, to FortiExtender, a versatile hardware appliance. For centralized network visibility and control, clients utilize FortiAnalyzer for logging, analysis, and reporting, and FortiManager for scalable administration of FortiGate devices. The company further fortifies digital defenses with FortiWeb (web application firewalls), FortiMail (secure email gateways), and FortiSandbox technology, which offers proactive threat detection and mitigation. Endpoint protection is a key focus, delivered through FortiClient (featuring pattern-based anti-malware, behavior-based exploit protection, web-filtering, and an application firewall) and the advanced FortiEDR/XDR suite, which leverages machine learning for anti-malware execution and real-time post-infection defense. Additionally, FortiToken and FortiAuthenticator product families provide essential multi-factor authentication to safeguard systems and data. Fortinet's service offerings include security subscriptions, technical support, professional consulting, and training programs. Its robust security technologies are distributed both directly to end-users and through an extensive network of channel partners. The company serves a wide array of sectors, including telecommunications, technology, government, financial services, education, retail, manufacturing, and healthcare. Headquartered in Sunnyvale, California, Fortinet, Inc. was established in 2000 and maintains a strategic alliance with Linksys.

Sunnyvale, CA
14,556 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Ken Xie