Fortinet, Inc. (FTNT) EV/Sales Ratio: 14.29x
Is Fortinet, Inc.’s EV/Sales ratio high or low?
Fortinet, Inc.'s EV/Sales ratio of 14.29x is 22% above its 5-year average of 11.75x, around the middle of its 5-year range (7.34x–19.45x).
The EV/Sales ratio for Fortinet, Inc. (FTNT) is 14.29x as of Wednesday, June 10, 2026. It is above its 12-month average by 39.68% (10.23x).
FTNT EV/Sales Ratio Chart
FTNT Average EV/Sales Ratio Chart
FTNT Current vs Average EV/Sales Ratio Chart
FTNT EV/Sales Ratio Metrics
EV/SALES RATIO
14.29x
EV/SALES RATIO AVG TTM
10.23x
EV/SALES RATIO AVG 3Y
10.43x
EV/SALES RATIO AVG 5Y
11.75x
EV/SALES RATIO AVG 10Y
9.33x
EV/SALES RATIO AVG 15Y
8.56x
EV/SALES RATIO AVG 20Y
8.37x
CURRENT VS TTM AVG
+39.68%
CURRENT VS 3Y AVG
+37.00%
CURRENT VS 5Y AVG
+21.62%
CURRENT VS 10Y AVG
+53.12%
CURRENT VS 15Y AVG
+66.98%
CURRENT VS 20Y AVG
+70.78%
FTNT Competitors' EV/Sales Ratio
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | — | 14.29x | 10.23x | 10.43x | 11.75x |
| Accenture plc (ACN) | $104.93B | 1.46x | 2.13x | 2.85x | 3.10x |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 19.30x | 17.14x | 17.80x | 16.45x |
| Adobe Inc. (ADBE) | $94.61B | 3.95x | 5.81x | 9.54x | 11.19x |
| ServiceNow, Inc. (NOW) | $109.38B | 7.88x | 12.55x | 15.65x | 16.32x |
| Synopsys, Inc. (SNPS) | $87.82B | 11.09x | 12.40x | 13.17x | 12.31x |
| Snowflake Inc. (SNOW) | $83.15B | 16.60x | 16.54x | 17.71x | 34.20x |
| Datadog, Inc. (DDOG) | $81.03B | 22.84x | 16.86x | 17.95x | 25.03x |
| Intuit Inc. (INTU) | $77.74B | 3.85x | 8.75x | 10.34x | 11.02x |
| Cloudflare, Inc. (NET) | $77.62B | 34.37x | 36.51x | 27.62x | 34.38x |
Understanding EV/Sales
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
- It works for unprofitable companies where P/E doesn't apply
- Revenue is harder to manipulate than earnings
- It supports comparisons across companies at different profitability stages
- It is frequently used for software and other revenue-growth-focused companies
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
Fortinet, Inc. EV/Sales Ratio Formula & Definition
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Fortinet, Inc. EV/Sales Ratio FAQ
- What is the EV/Sales ratio for Fortinet, Inc. (FTNT)?
- The EV/Sales ratio for FTNT stock is 14.29x.
- Is Fortinet, Inc.'s EV/Sales ratio high or low?
- Fortinet, Inc.'s EV/Sales ratio of 14.29x is 22% above its 5-year average of 11.75x, around the middle of its 5-year range (7.34x–19.45x).
- What is the TTM average EV/Sales ratio for Fortinet, Inc. (FTNT)?
- The TTM average EV/Sales ratio for FTNT stock is 10.23x.
- What is the 3Y average EV/Sales ratio for Fortinet, Inc. (FTNT)?
- The 3Y average EV/Sales ratio for FTNT stock is 10.43x.
- What is the 5Y average EV/Sales ratio for Fortinet, Inc. (FTNT)?
- The 5Y average EV/Sales ratio for FTNT stock is 11.75x.
- What is the 10Y average EV/Sales ratio for Fortinet, Inc. (FTNT)?
- The 10Y average EV/Sales ratio for FTNT stock is 9.33x.
- What is the 15Y average EV/Sales ratio for Fortinet, Inc. (FTNT)?
- The 15Y average EV/Sales ratio for FTNT stock is 8.56x.
- What is the 20Y average EV/Sales ratio for Fortinet, Inc. (FTNT)?
- The 20Y average EV/Sales ratio for FTNT stock is 8.37x.
Fortinet, Inc. EV/Sales Ratio History
| DATE | EV/SALES RATIO |
|---|---|
| 2026-06-10 | 14.29x |
| 2026-06-09 | 14.22x |
| 2026-06-08 | 14.70x |
| 2026-06-05 | 14.87x |
| 2026-06-04 | 15.39x |
| 2026-06-03 | 15.06x |
| 2026-06-02 | 15.31x |
| 2026-06-01 | 15.13x |
| 2026-05-29 | 14.17x |
| 2026-05-28 | 13.31x |
| 2026-05-27 | 13.12x |
| 2026-05-26 | 13.75x |
| 2026-05-22 | 13.75x |
| 2026-05-21 | 13.28x |
| 2026-05-20 | 13.34x |
| 2026-05-19 | 13.09x |
| 2026-05-18 | 12.97x |
| 2026-05-15 | 12.59x |
| 2026-05-14 | 12.49x |
| 2026-05-13 | 12.05x |
| 2026-05-12 | 11.65x |
| 2026-05-11 | 11.82x |
| 2026-05-08 | 11.68x |
| 2026-05-07 | 11.04x |
| 2026-05-06 | 9.67x |
| 2026-05-05 | 9.67x |
| 2026-05-04 | 9.60x |
| 2026-05-01 | 9.27x |
| 2026-04-30 | 9.05x |
| 2026-04-29 | 9.25x |
| 2026-04-28 | 9.21x |
| 2026-04-27 | 9.20x |
| 2026-04-24 | 9.06x |
| 2026-04-23 | 8.88x |
| 2026-04-22 | 9.36x |
| 2026-04-21 | 9.16x |
| 2026-04-20 | 8.87x |
| 2026-04-17 | 8.78x |
| 2026-04-16 | 8.84x |
| 2026-04-15 | 8.54x |
| 2026-04-14 | 8.44x |
| 2026-04-13 | 8.44x |
| 2026-04-10 | 8.22x |
| 2026-04-09 | 8.65x |
| 2026-04-08 | 8.97x |
| 2026-04-07 | 8.99x |
| 2026-04-06 | 8.83x |
| 2026-04-02 | 8.86x |
| 2026-04-01 | 8.71x |
| 2026-03-31 | 8.77x |
| 2026-03-30 | 8.48x |
| 2026-03-27 | 8.38x |
| 2026-03-26 | 8.69x |
| 2026-03-25 | 8.46x |
| 2026-03-24 | 8.51x |
| 2026-03-23 | 8.88x |
| 2026-03-20 | 8.73x |
| 2026-03-19 | 8.92x |
| 2026-03-18 | 8.95x |
| 2026-03-17 | 8.93x |
| 2026-03-16 | 9.07x |
| 2026-03-13 | 8.96x |
| 2026-03-12 | 9.06x |
| 2026-03-11 | 8.96x |
| 2026-03-10 | 9.04x |
| 2026-03-09 | 9.00x |
| 2026-03-06 | 8.98x |
| 2026-03-05 | 9.07x |
| 2026-03-04 | 8.89x |
| 2026-03-03 | 8.70x |
| 2026-03-02 | 8.49x |
| 2026-02-27 | 8.47x |
| 2026-02-26 | 8.49x |
| 2026-02-25 | 8.29x |
| 2026-02-24 | 8.06x |
| 2026-02-23 | 8.73x |
| 2026-02-20 | 9.25x |
| 2026-02-19 | 9.44x |
| 2026-02-18 | 9.33x |
| 2026-02-17 | 9.45x |
| 2026-02-13 | 9.90x |
| 2026-02-12 | 9.75x |
| 2026-02-11 | 10.17x |
| 2026-02-10 | 9.90x |
| 2026-02-09 | 9.94x |
| 2026-02-06 | 9.57x |
| 2026-02-05 | 9.12x |
| 2026-02-04 | 9.38x |
| 2026-02-03 | 9.17x |
| 2026-02-02 | 9.40x |
| 2026-01-30 | 9.40x |
| 2026-01-29 | 9.43x |
| 2026-01-28 | 9.49x |
| 2026-01-27 | 9.45x |
| 2026-01-26 | 9.61x |
| 2026-01-23 | 9.44x |
| 2026-01-22 | 8.97x |
| 2026-01-21 | 8.75x |
| 2026-01-20 | 8.71x |
| 2026-01-16 | 8.70x |
| 2026-01-15 | 8.82x |
| 2026-01-14 | 8.82x |
| 2026-01-13 | 9.05x |
| 2026-01-12 | 9.09x |
| 2026-01-09 | 9.16x |
| 2026-01-08 | 9.02x |
| 2026-01-07 | 9.25x |
| 2026-01-06 | 9.06x |
| 2026-01-05 | 9.01x |
| 2026-01-02 | 9.00x |
| 2025-12-31 | 9.18x |
| 2025-12-30 | 9.28x |
| 2025-12-29 | 9.34x |
| 2025-12-26 | 9.43x |
| 2025-12-24 | 9.39x |
| 2025-12-23 | 9.33x |
| 2025-12-22 | 9.45x |
| 2025-12-19 | 9.28x |
| 2025-12-18 | 9.22x |
| 2025-12-17 | 9.17x |
| 2025-12-16 | 9.54x |
| 2025-12-15 | 9.43x |
| 2025-12-12 | 9.51x |
| 2025-12-11 | 9.54x |
| 2025-12-10 | 9.44x |
| 2025-12-09 | 9.66x |
| 2025-12-08 | 9.66x |
| 2025-12-05 | 10.06x |
| 2025-12-04 | 9.86x |
| 2025-12-03 | 9.57x |
| 2025-12-02 | 9.59x |
| 2025-12-01 | 9.46x |
| 2025-11-28 | 9.38x |
| 2025-11-26 | 9.31x |
| 2025-11-25 | 9.35x |
| 2025-11-24 | 9.22x |
| 2025-11-21 | 9.11x |
| 2025-11-20 | 9.02x |
| 2025-11-19 | 9.22x |
| 2025-11-18 | 9.27x |
| 2025-11-17 | 9.48x |
| 2025-11-14 | 9.52x |
| 2025-11-13 | 9.37x |
| 2025-11-12 | 9.50x |
| 2025-11-11 | 9.68x |
| 2025-11-10 | 9.52x |
| 2025-11-07 | 9.46x |
| 2025-11-06 | 9.31x |
| 2025-11-05 | 10.14x |
| 2025-11-04 | 10.04x |
| 2025-11-03 | 10.32x |
| 2025-10-31 | 10.19x |
| 2025-10-30 | 9.92x |
| 2025-10-29 | 9.92x |
| 2025-10-28 | 10.12x |
| 2025-10-27 | 10.05x |
| 2025-10-24 | 10.09x |
| 2025-10-23 | 10.01x |
| 2025-10-22 | 9.98x |
| 2025-10-21 | 9.99x |
| 2025-10-20 | 10.00x |
| 2025-10-17 | 9.83x |
| 2025-10-16 | 9.79x |
| 2025-10-15 | 9.84x |
| 2025-10-14 | 9.78x |
| 2025-10-13 | 9.92x |
| 2025-10-10 | 9.78x |
| 2025-10-09 | 10.16x |
| 2025-10-08 | 10.20x |
| 2025-10-07 | 10.01x |
| 2025-10-06 | 10.19x |
| 2025-10-03 | 10.11x |
| 2025-10-02 | 10.17x |
| 2025-10-01 | 10.04x |
| 2025-09-30 | 9.90x |
| 2025-09-29 | 9.97x |
| 2025-09-26 | 9.93x |
| 2025-09-25 | 9.80x |
| 2025-09-24 | 9.85x |
| 2025-09-23 | 10.05x |
| 2025-09-22 | 10.02x |
| 2025-09-19 | 9.92x |
| 2025-09-18 | 9.53x |
| 2025-09-17 | 9.44x |
| 2025-09-16 | 9.38x |
| 2025-09-15 | 9.53x |
| 2025-09-12 | 9.37x |
| 2025-09-11 | 9.51x |
| 2025-09-10 | 9.34x |
| 2025-09-09 | 9.39x |
| 2025-09-08 | 9.45x |
| 2025-09-05 | 9.26x |
| 2025-09-04 | 8.97x |
| 2025-09-03 | 8.99x |
| 2025-09-02 | 9.03x |
| 2025-08-29 | 9.26x |
| 2025-08-28 | 9.32x |
| 2025-08-27 | 9.18x |
| 2025-08-26 | 9.12x |
| 2025-08-25 | 9.12x |
| 2025-08-22 | 9.41x |
| 2025-08-21 | 9.13x |
| 2025-08-20 | 9.36x |
| 2025-08-19 | 9.17x |
| 2025-08-18 | 9.50x |
| 2025-08-15 | 9.30x |
| 2025-08-14 | 9.07x |
| 2025-08-13 | 9.32x |
| 2025-08-12 | 9.22x |
| 2025-08-11 | 8.74x |
| 2025-08-08 | 8.72x |
| 2025-08-07 | 8.83x |
| 2025-08-06 | 11.79x |
| 2025-08-05 | 11.74x |
| 2025-08-04 | 12.04x |
| 2025-08-01 | 11.89x |
| 2025-07-31 | 12.21x |
| 2025-07-30 | 12.44x |
| 2025-07-29 | 12.83x |
| 2025-07-28 | 12.84x |
| 2025-07-25 | 12.83x |
| 2025-07-24 | 12.83x |
| 2025-07-23 | 12.86x |
| 2025-07-22 | 12.83x |
| 2025-07-21 | 13.10x |
| 2025-07-18 | 12.91x |
| 2025-07-17 | 12.85x |
| 2025-07-16 | 12.66x |
| 2025-07-15 | 12.85x |
| 2025-07-14 | 12.60x |
| 2025-07-11 | 12.10x |
| 2025-07-10 | 12.25x |
| 2025-07-09 | 13.19x |
| 2025-07-08 | 13.18x |
| 2025-07-07 | 13.06x |
| 2025-07-03 | 12.94x |
| 2025-07-02 | 12.50x |
| 2025-07-01 | 12.53x |
| 2025-06-30 | 12.95x |
| 2025-06-27 | 12.62x |
| 2025-06-26 | 12.71x |
| 2025-06-25 | 12.69x |
| 2025-06-24 | 12.78x |
| 2025-06-23 | 12.62x |
| 2025-06-20 | 12.20x |
| 2025-06-18 | 12.33x |
| 2025-06-17 | 12.59x |
| 2025-06-16 | 12.47x |
| 2025-06-13 | 12.33x |
| 2025-06-12 | 12.43x |
| 2025-06-11 | 12.48x |
| 2025-06-10 | 12.43x |
| 2025-06-09 | 12.49x |
| 2025-06-06 | 12.85x |
| 2025-06-05 | 12.67x |
| 2025-06-04 | 12.43x |
| 2025-06-03 | 12.59x |
| 2025-06-02 | 12.54x |
| 2025-05-30 | 12.45x |
| 2025-05-29 | 12.48x |
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