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 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
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | $101.91B | 46.01x | 33.00x | 38.35x | 50.87x |
| Accenture plc (ACN) | $104.93B | 9.84x | 14.22x | 19.71x | 21.04x |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 62.05x | 55.61x | 60.33x | 56.90x |
| Adobe Inc. (ADBE) | $94.61B | 10.79x | 15.97x | 28.72x | 32.47x |
| ServiceNow, Inc. (NOW) | $109.38B | 58.65x | 93.40x | 156.67x | 257.71x |
| Synopsys, Inc. (SNPS) | $87.82B | 132.60x | 84.69x | 69.02x | 63.13x |
| Snowflake Inc. (SNOW) | $83.15B | N/A | -43.38x | -50.60x | -77.53x |
| Datadog, Inc. (DDOG) | $81.03B | N/A | 1001.18x | 1663.95x | 2637.28x |
| Intuit Inc. (INTU) | $77.74B | 14.03x | 33.82x | 44.21x | 47.32x |
| Cloudflare, Inc. (NET) | $77.62B | N/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
| DATE | EV/EBIT RATIO |
|---|---|
| 2026-06-10 | 46.01x |
| 2026-06-09 | 45.77x |
| 2026-06-08 | 47.33x |
| 2026-06-05 | 47.89x |
| 2026-06-04 | 49.56x |
| 2026-06-03 | 48.49x |
| 2026-06-02 | 49.29x |
| 2026-06-01 | 48.71x |
| 2026-05-29 | 45.63x |
| 2026-05-28 | 42.85x |
| 2026-05-27 | 42.25x |
| 2026-05-26 | 44.28x |
| 2026-05-22 | 44.27x |
| 2026-05-21 | 42.77x |
| 2026-05-20 | 42.95x |
| 2026-05-19 | 42.15x |
| 2026-05-18 | 41.77x |
| 2026-05-15 | 40.52x |
| 2026-05-14 | 40.21x |
| 2026-05-13 | 38.81x |
| 2026-05-12 | 37.52x |
| 2026-05-11 | 38.05x |
| 2026-05-08 | 37.59x |
| 2026-05-07 | 35.54x |
| 2026-05-06 | 31.60x |
| 2026-05-05 | 31.59x |
| 2026-05-04 | 31.34x |
| 2026-05-01 | 30.28x |
| 2026-04-30 | 29.57x |
| 2026-04-29 | 30.22x |
| 2026-04-28 | 30.08x |
| 2026-04-27 | 30.06x |
| 2026-04-24 | 29.58x |
| 2026-04-23 | 29.01x |
| 2026-04-22 | 30.57x |
| 2026-04-21 | 29.91x |
| 2026-04-20 | 28.96x |
| 2026-04-17 | 28.68x |
| 2026-04-16 | 28.88x |
| 2026-04-15 | 27.89x |
| 2026-04-14 | 27.55x |
| 2026-04-13 | 27.57x |
| 2026-04-10 | 26.84x |
| 2026-04-09 | 28.26x |
| 2026-04-08 | 29.28x |
| 2026-04-07 | 29.36x |
| 2026-04-06 | 28.84x |
| 2026-04-02 | 28.93x |
| 2026-04-01 | 28.43x |
| 2026-03-31 | 28.64x |
| 2026-03-30 | 27.68x |
| 2026-03-27 | 27.37x |
| 2026-03-26 | 28.39x |
| 2026-03-25 | 27.62x |
| 2026-03-24 | 27.78x |
| 2026-03-23 | 29.02x |
| 2026-03-20 | 28.52x |
| 2026-03-19 | 29.14x |
| 2026-03-18 | 29.24x |
| 2026-03-17 | 29.16x |
| 2026-03-16 | 29.63x |
| 2026-03-13 | 29.26x |
| 2026-03-12 | 29.60x |
| 2026-03-11 | 29.27x |
| 2026-03-10 | 29.53x |
| 2026-03-09 | 29.39x |
| 2026-03-06 | 29.34x |
| 2026-03-05 | 29.61x |
| 2026-03-04 | 29.02x |
| 2026-03-03 | 28.42x |
| 2026-03-02 | 27.73x |
| 2026-02-27 | 27.67x |
| 2026-02-26 | 27.73x |
| 2026-02-25 | 27.07x |
| 2026-02-24 | 26.31x |
| 2026-02-23 | 28.18x |
| 2026-02-20 | 29.85x |
| 2026-02-19 | 30.49x |
| 2026-02-18 | 30.11x |
| 2026-02-17 | 30.49x |
| 2026-02-13 | 31.96x |
| 2026-02-12 | 31.47x |
| 2026-02-11 | 32.82x |
| 2026-02-10 | 31.95x |
| 2026-02-09 | 32.10x |
| 2026-02-06 | 30.90x |
| 2026-02-05 | 29.45x |
| 2026-02-04 | 30.28x |
| 2026-02-03 | 29.59x |
| 2026-02-02 | 30.34x |
| 2026-01-30 | 30.33x |
| 2026-01-29 | 30.43x |
| 2026-01-28 | 30.64x |
| 2026-01-27 | 30.50x |
| 2026-01-26 | 31.02x |
| 2026-01-23 | 30.47x |
| 2026-01-22 | 28.95x |
| 2026-01-21 | 28.24x |
| 2026-01-20 | 28.13x |
| 2026-01-16 | 28.10x |
| 2026-01-15 | 28.46x |
| 2026-01-14 | 28.48x |
| 2026-01-13 | 29.22x |
| 2026-01-12 | 29.34x |
| 2026-01-09 | 29.56x |
| 2026-01-08 | 29.11x |
| 2026-01-07 | 29.86x |
| 2026-01-06 | 29.26x |
| 2026-01-05 | 29.07x |
| 2026-01-02 | 29.05x |
| 2025-12-31 | 29.63x |
| 2025-12-30 | 29.97x |
| 2025-12-29 | 30.16x |
| 2025-12-26 | 30.44x |
| 2025-12-24 | 30.30x |
| 2025-12-23 | 30.10x |
| 2025-12-22 | 30.51x |
| 2025-12-19 | 29.94x |
| 2025-12-18 | 29.76x |
| 2025-12-17 | 29.62x |
| 2025-12-16 | 30.79x |
| 2025-12-15 | 30.43x |
| 2025-12-12 | 30.69x |
| 2025-12-11 | 30.79x |
| 2025-12-10 | 30.46x |
| 2025-12-09 | 31.18x |
| 2025-12-08 | 31.19x |
| 2025-12-05 | 32.48x |
| 2025-12-04 | 31.82x |
| 2025-12-03 | 30.90x |
| 2025-12-02 | 30.97x |
| 2025-12-01 | 30.54x |
| 2025-11-28 | 30.28x |
| 2025-11-26 | 30.06x |
| 2025-11-25 | 30.18x |
| 2025-11-24 | 29.77x |
| 2025-11-21 | 29.42x |
| 2025-11-20 | 29.11x |
| 2025-11-19 | 29.75x |
| 2025-11-18 | 29.91x |
| 2025-11-17 | 30.59x |
| 2025-11-14 | 30.73x |
| 2025-11-13 | 30.24x |
| 2025-11-12 | 30.66x |
| 2025-11-11 | 31.24x |
| 2025-11-10 | 30.72x |
| 2025-11-07 | 30.53x |
| 2025-11-06 | 30.06x |
| 2025-11-05 | 32.86x |
| 2025-11-04 | 32.55x |
| 2025-11-03 | 33.46x |
| 2025-10-31 | 33.03x |
| 2025-10-30 | 32.15x |
| 2025-10-29 | 32.16x |
| 2025-10-28 | 32.81x |
| 2025-10-27 | 32.58x |
| 2025-10-24 | 32.69x |
| 2025-10-23 | 32.44x |
| 2025-10-22 | 32.33x |
| 2025-10-21 | 32.38x |
| 2025-10-20 | 32.41x |
| 2025-10-17 | 31.85x |
| 2025-10-16 | 31.73x |
| 2025-10-15 | 31.90x |
| 2025-10-14 | 31.70x |
| 2025-10-13 | 32.15x |
| 2025-10-10 | 31.69x |
| 2025-10-09 | 32.94x |
| 2025-10-08 | 33.04x |
| 2025-10-07 | 32.43x |
| 2025-10-06 | 33.01x |
| 2025-10-03 | 32.78x |
| 2025-10-02 | 32.98x |
| 2025-10-01 | 32.54x |
| 2025-09-30 | 32.10x |
| 2025-09-29 | 32.33x |
| 2025-09-26 | 32.20x |
| 2025-09-25 | 31.76x |
| 2025-09-24 | 31.91x |
| 2025-09-23 | 32.57x |
| 2025-09-22 | 32.47x |
| 2025-09-19 | 32.15x |
| 2025-09-18 | 30.88x |
| 2025-09-17 | 30.60x |
| 2025-09-16 | 30.40x |
| 2025-09-15 | 30.88x |
| 2025-09-12 | 30.36x |
| 2025-09-11 | 30.84x |
| 2025-09-10 | 30.28x |
| 2025-09-09 | 30.42x |
| 2025-09-08 | 30.63x |
| 2025-09-05 | 30.02x |
| 2025-09-04 | 29.07x |
| 2025-09-03 | 29.13x |
| 2025-09-02 | 29.27x |
| 2025-08-29 | 30.00x |
| 2025-08-28 | 30.20x |
| 2025-08-27 | 29.74x |
| 2025-08-26 | 29.55x |
| 2025-08-25 | 29.55x |
| 2025-08-22 | 30.49x |
| 2025-08-21 | 29.59x |
| 2025-08-20 | 30.33x |
| 2025-08-19 | 29.73x |
| 2025-08-18 | 30.78x |
| 2025-08-15 | 30.13x |
| 2025-08-14 | 29.39x |
| 2025-08-13 | 30.22x |
| 2025-08-12 | 29.88x |
| 2025-08-11 | 28.33x |
| 2025-08-08 | 28.26x |
| 2025-08-07 | 28.62x |
| 2025-08-06 | 37.41x |
| 2025-08-05 | 37.26x |
| 2025-08-04 | 38.20x |
| 2025-08-01 | 37.72x |
| 2025-07-31 | 38.74x |
| 2025-07-30 | 39.47x |
| 2025-07-29 | 40.69x |
| 2025-07-28 | 40.74x |
| 2025-07-25 | 40.71x |
| 2025-07-24 | 40.69x |
| 2025-07-23 | 40.81x |
| 2025-07-22 | 40.71x |
| 2025-07-21 | 41.56x |
| 2025-07-18 | 40.95x |
| 2025-07-17 | 40.75x |
| 2025-07-16 | 40.16x |
| 2025-07-15 | 40.76x |
| 2025-07-14 | 39.97x |
| 2025-07-11 | 38.40x |
| 2025-07-10 | 38.86x |
| 2025-07-09 | 41.85x |
| 2025-07-08 | 41.81x |
| 2025-07-07 | 41.45x |
| 2025-07-03 | 41.05x |
| 2025-07-02 | 39.67x |
| 2025-07-01 | 39.76x |
| 2025-06-30 | 41.08x |
| 2025-06-27 | 40.03x |
| 2025-06-26 | 40.33x |
| 2025-06-25 | 40.26x |
| 2025-06-24 | 40.55x |
| 2025-06-23 | 40.04x |
| 2025-06-20 | 38.72x |
| 2025-06-18 | 39.11x |
| 2025-06-17 | 39.94x |
| 2025-06-16 | 39.56x |
| 2025-06-13 | 39.11x |
| 2025-06-12 | 39.45x |
| 2025-06-11 | 39.59x |
| 2025-06-10 | 39.43x |
| 2025-06-09 | 39.61x |
| 2025-06-06 | 40.76x |
| 2025-06-05 | 40.18x |
| 2025-06-04 | 39.43x |
| 2025-06-03 | 39.94x |
| 2025-06-02 | 39.77x |
| 2025-05-30 | 39.49x |
| 2025-05-29 | 39.60x |
Showing the most recent 260 of 4,164 data points. The chart above shows the full history.
Related Metrics
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.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Ken Xie