EV/EBITDA Ratio: 42.10x

Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the EV/EBITDA ratio high or low?

The EV/EBITDA ratio of 42.10x is in line with its 5-year average of 40.33x, near the low end of its 5-year range (24.52x–89.34x).

As of Friday, September 4, 2026. 27.07% above its 12-month average of 33.13x.

FTNT EV/EBITDA Ratio Metrics

EV/EBITDA vs. its own history

At 42.1, EV/EBITDA is near its 17-year median — higher than 42% of readings in its 17-year history.

EV/EBITDA Ratio Formula & Definition

EV/EBITDA = Enterprise Value / EBITDA (TTM)

Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EV/EBITDA Ratio FAQ

What is the EV/EBITDA ratio for Fortinet, Inc. (FTNT)?

The EV/EBITDA ratio for FTNT stock is 42.10x.

Is Fortinet, Inc.'s EV/EBITDA ratio high or low?

The EV/EBITDA ratio of 42.10x is in line with its 5-year average of 40.33x, near the low end of its 5-year range (24.52x–89.34x).

What is the TTM average EV/EBITDA ratio for Fortinet, Inc. (FTNT)?

The TTM average EV/EBITDA ratio for FTNT stock is 33.13x.

What is the 3Y average EV/EBITDA ratio for Fortinet, Inc. (FTNT)?

The 3Y average EV/EBITDA ratio for FTNT stock is 35.53x.

What is the 5Y average EV/EBITDA ratio for Fortinet, Inc. (FTNT)?

The 5Y average EV/EBITDA ratio for FTNT stock is 40.33x.

What is the 10Y average EV/EBITDA ratio for Fortinet, Inc. (FTNT)?

The 10Y average EV/EBITDA ratio for FTNT stock is 45.99x.

What is the 15Y average EV/EBITDA ratio for Fortinet, Inc. (FTNT)?

The 15Y average EV/EBITDA ratio for FTNT stock is 46.54x.

Showing the most recent 260 of 4,224 data points. The chart above shows the full history.

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