Forward PE Ratio: 49.75
The forward PE ratio is 49.75 as of Thursday, July 9, 2026.
Forward PE Ratio (49.75) = Close Price ($163.73) / Consensus Forward EPS ($3.15)
FTNT Forward PE Ratio Metrics
FORWARD PE RATIO
49.75
FTNT Competitors' Forward PE Ratio
Fortinet, Inc.
Market Cap
$119.96B
Forward PE Ratio
49.75
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Fortinet, Inc. (FTNT) | $119.96B | 49.75 |
| ServiceNow, Inc. (NOW)vs › | $112.25B | 25.95 |
| Salesforce, Inc. (CRM)vs › | $133.09B | 14.15 |
| Cadence Design Systems, Inc. (CDNS)vs › | $106.45B | 47.11 |
| Cloudflare, Inc. (NET)vs › | $97.81B | 228.32 |
| Datadog, Inc. (DDOG)vs › | $95.75B | N/A |
| Snowflake Inc. (SNOW)vs › | $92.71B | 215.57 |
| Uber Technologies, Inc. (UBER)vs › | $151.35B | 22.18 |
| Adobe Inc. (ADBE)vs › | $88.50B | 9.06 |
| Accenture plc (ACN)vs › | $85.10B | 9.90 |
Trailing vs Forward
Trailing P/E
60.5
reported TTM EPS
Forward P/E
49.8
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.15 implies +21.6% EPS growth vs the reported trailing $2.59.
Forward P/E by Fiscal Year
View All Analyst EstimatesAt today's $163.73 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $3.15 | $3.01 – $3.30 | 25 | 52.0x |
| 2027-12-31 | $3.42 | $3.02 – $3.81 | 25 | 47.9x |
| 2028-12-31 | $3.81 | $3.34 – $4.19 | 7 | 42.9x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
Forward PE Ratio Formula & Definition
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Forward PE Ratio FAQ
- What is the forward PE ratio for Fortinet, Inc. (FTNT)?
- The forward PE ratio for FTNT stock is 49.75.
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