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Fortinet, Inc. (FTNT) EV/EBIT Ratio: 46.01x

Is Fortinet, Inc.’s EV/EBIT ratio high or low?

Fortinet, Inc.'s EV/EBIT ratio of 46.01x is in line with its 5-year average of 50.87x, near the low end of its 5-year range (26.31x–100.54x).

The EV/EBIT ratio for Fortinet, Inc. (FTNT) is 46.01x as of Wednesday, June 10, 2026. It is above its 12-month average by 39.41% (33.00x).

FTNT EV/EBIT Ratio Chart

FTNT EV/EBIT Ratio
46.01x+16.69% 1Y
Zoom

FTNT Average EV/EBIT Ratio Chart

FTNT Current vs Average EV/EBIT Ratio Chart

FTNT EV/EBIT Ratio Metrics

EV/EBIT RATIO

46.01x

EV/EBIT RATIO AVG TTM

33.00x

EV/EBIT RATIO AVG 3Y

38.35x

EV/EBIT RATIO AVG 5Y

50.87x

EV/EBIT RATIO AVG 10Y

118.50x

EV/EBIT RATIO AVG 15Y

108.85x

EV/EBIT RATIO AVG 20Y

103.31x

CURRENT VS TTM AVG

+39.41%

CURRENT VS 3Y AVG

+19.96%

CURRENT VS 5Y AVG

-9.55%

CURRENT VS 10Y AVG

-61.17%

CURRENT VS 15Y AVG

-57.73%

CURRENT VS 20Y AVG

-55.46%

FTNT Competitors' EV/EBIT Ratio

NAMEMARKET CAPEV/EBIT RATIOTTM3Y5Y
Fortinet, Inc. (FTNT)$101.91B46.01x33.00x38.35x50.87x
Accenture plc (ACN)$104.93B9.84x14.22x19.71x21.04x
Cadence Design Systems, Inc. (CDNS)$105.80B62.05x55.61x60.33x56.90x
Adobe Inc. (ADBE)$94.61B10.79x15.97x28.72x32.47x
ServiceNow, Inc. (NOW)$109.38B58.65x93.40x156.67x257.71x
Synopsys, Inc. (SNPS)$87.82B132.60x84.69x69.02x63.13x
Snowflake Inc. (SNOW)$83.15BN/A-43.38x-50.60x-77.53x
Datadog, Inc. (DDOG)$81.03BN/A1001.18x1663.95x2637.28x
Intuit Inc. (INTU)$77.74B14.03x33.82x44.21x47.32x
Cloudflare, Inc. (NET)$77.62BN/A-295.44x-207.01x-228.96x

Fortinet, Inc. EV/EBIT Ratio Formula & Definition

EV/EBIT = Enterprise Value / EBIT (TTM)

Enterprise value to EBIT compares total company value to operating earnings, accounting for depreciation unlike EV/EBITDA.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Fortinet, Inc. EV/EBIT Ratio FAQ

What is the EV/EBIT ratio for Fortinet, Inc. (FTNT)?
The EV/EBIT ratio for FTNT stock is 46.01x.
Is Fortinet, Inc.'s EV/EBIT ratio high or low?
Fortinet, Inc.'s EV/EBIT ratio of 46.01x is in line with its 5-year average of 50.87x, near the low end of its 5-year range (26.31x–100.54x).
What is the TTM average EV/EBIT ratio for Fortinet, Inc. (FTNT)?
The TTM average EV/EBIT ratio for FTNT stock is 33.00x.
What is the 3Y average EV/EBIT ratio for Fortinet, Inc. (FTNT)?
The 3Y average EV/EBIT ratio for FTNT stock is 38.35x.
What is the 5Y average EV/EBIT ratio for Fortinet, Inc. (FTNT)?
The 5Y average EV/EBIT ratio for FTNT stock is 50.87x.
What is the 10Y average EV/EBIT ratio for Fortinet, Inc. (FTNT)?
The 10Y average EV/EBIT ratio for FTNT stock is 118.50x.
What is the 15Y average EV/EBIT ratio for Fortinet, Inc. (FTNT)?
The 15Y average EV/EBIT ratio for FTNT stock is 108.85x.
What is the 20Y average EV/EBIT ratio for Fortinet, Inc. (FTNT)?
The 20Y average EV/EBIT ratio for FTNT stock is 103.31x.

Fortinet, Inc. EV/EBIT Ratio History

DATEEV/EBIT RATIO
2026-06-1046.01x
2026-06-0945.77x
2026-06-0847.33x
2026-06-0547.89x
2026-06-0449.56x
2026-06-0348.49x
2026-06-0249.29x
2026-06-0148.71x
2026-05-2945.63x
2026-05-2842.85x
2026-05-2742.25x
2026-05-2644.28x
2026-05-2244.27x
2026-05-2142.77x
2026-05-2042.95x
2026-05-1942.15x
2026-05-1841.77x
2026-05-1540.52x
2026-05-1440.21x
2026-05-1338.81x
2026-05-1237.52x
2026-05-1138.05x
2026-05-0837.59x
2026-05-0735.54x
2026-05-0631.60x
2026-05-0531.59x
2026-05-0431.34x
2026-05-0130.28x
2026-04-3029.57x
2026-04-2930.22x
2026-04-2830.08x
2026-04-2730.06x
2026-04-2429.58x
2026-04-2329.01x
2026-04-2230.57x
2026-04-2129.91x
2026-04-2028.96x
2026-04-1728.68x
2026-04-1628.88x
2026-04-1527.89x
2026-04-1427.55x
2026-04-1327.57x
2026-04-1026.84x
2026-04-0928.26x
2026-04-0829.28x
2026-04-0729.36x
2026-04-0628.84x
2026-04-0228.93x
2026-04-0128.43x
2026-03-3128.64x
2026-03-3027.68x
2026-03-2727.37x
2026-03-2628.39x
2026-03-2527.62x
2026-03-2427.78x
2026-03-2329.02x
2026-03-2028.52x
2026-03-1929.14x
2026-03-1829.24x
2026-03-1729.16x
2026-03-1629.63x
2026-03-1329.26x
2026-03-1229.60x
2026-03-1129.27x
2026-03-1029.53x
2026-03-0929.39x
2026-03-0629.34x
2026-03-0529.61x
2026-03-0429.02x
2026-03-0328.42x
2026-03-0227.73x
2026-02-2727.67x
2026-02-2627.73x
2026-02-2527.07x
2026-02-2426.31x
2026-02-2328.18x
2026-02-2029.85x
2026-02-1930.49x
2026-02-1830.11x
2026-02-1730.49x
2026-02-1331.96x
2026-02-1231.47x
2026-02-1132.82x
2026-02-1031.95x
2026-02-0932.10x
2026-02-0630.90x
2026-02-0529.45x
2026-02-0430.28x
2026-02-0329.59x
2026-02-0230.34x
2026-01-3030.33x
2026-01-2930.43x
2026-01-2830.64x
2026-01-2730.50x
2026-01-2631.02x
2026-01-2330.47x
2026-01-2228.95x
2026-01-2128.24x
2026-01-2028.13x
2026-01-1628.10x
2026-01-1528.46x
2026-01-1428.48x
2026-01-1329.22x
2026-01-1229.34x
2026-01-0929.56x
2026-01-0829.11x
2026-01-0729.86x
2026-01-0629.26x
2026-01-0529.07x
2026-01-0229.05x
2025-12-3129.63x
2025-12-3029.97x
2025-12-2930.16x
2025-12-2630.44x
2025-12-2430.30x
2025-12-2330.10x
2025-12-2230.51x
2025-12-1929.94x
2025-12-1829.76x
2025-12-1729.62x
2025-12-1630.79x
2025-12-1530.43x
2025-12-1230.69x
2025-12-1130.79x
2025-12-1030.46x
2025-12-0931.18x
2025-12-0831.19x
2025-12-0532.48x
2025-12-0431.82x
2025-12-0330.90x
2025-12-0230.97x
2025-12-0130.54x
2025-11-2830.28x
2025-11-2630.06x
2025-11-2530.18x
2025-11-2429.77x
2025-11-2129.42x
2025-11-2029.11x
2025-11-1929.75x
2025-11-1829.91x
2025-11-1730.59x
2025-11-1430.73x
2025-11-1330.24x
2025-11-1230.66x
2025-11-1131.24x
2025-11-1030.72x
2025-11-0730.53x
2025-11-0630.06x
2025-11-0532.86x
2025-11-0432.55x
2025-11-0333.46x
2025-10-3133.03x
2025-10-3032.15x
2025-10-2932.16x
2025-10-2832.81x
2025-10-2732.58x
2025-10-2432.69x
2025-10-2332.44x
2025-10-2232.33x
2025-10-2132.38x
2025-10-2032.41x
2025-10-1731.85x
2025-10-1631.73x
2025-10-1531.90x
2025-10-1431.70x
2025-10-1332.15x
2025-10-1031.69x
2025-10-0932.94x
2025-10-0833.04x
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2025-09-3032.10x
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2025-09-2531.76x
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2025-09-1932.15x
2025-09-1830.88x
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2025-09-1230.36x
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2025-09-0329.13x
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2025-08-2930.00x
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2025-08-2729.74x
2025-08-2629.55x
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2025-08-2230.49x
2025-08-2129.59x
2025-08-2030.33x
2025-08-1929.73x
2025-08-1830.78x
2025-08-1530.13x
2025-08-1429.39x
2025-08-1330.22x
2025-08-1229.88x
2025-08-1128.33x
2025-08-0828.26x
2025-08-0728.62x
2025-08-0637.41x
2025-08-0537.26x
2025-08-0438.20x
2025-08-0137.72x
2025-07-3138.74x
2025-07-3039.47x
2025-07-2940.69x
2025-07-2840.74x
2025-07-2540.71x
2025-07-2440.69x
2025-07-2340.81x
2025-07-2240.71x
2025-07-2141.56x
2025-07-1840.95x
2025-07-1740.75x
2025-07-1640.16x
2025-07-1540.76x
2025-07-1439.97x
2025-07-1138.40x
2025-07-1038.86x
2025-07-0941.85x
2025-07-0841.81x
2025-07-0741.45x
2025-07-0341.05x
2025-07-0239.67x
2025-07-0139.76x
2025-06-3041.08x
2025-06-2740.03x
2025-06-2640.33x
2025-06-2540.26x
2025-06-2440.55x
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2025-06-2038.72x
2025-06-1839.11x
2025-06-1739.94x
2025-06-1639.56x
2025-06-1339.11x
2025-06-1239.45x
2025-06-1139.59x
2025-06-1039.43x
2025-06-0939.61x
2025-06-0640.76x
2025-06-0540.18x
2025-06-0439.43x
2025-06-0339.94x
2025-06-0239.77x
2025-05-3039.49x
2025-05-2939.60x

Showing the most recent 260 of 4,164 data points. The chart above shows the full history.

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