Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 44.60.
Forward PE Ratio (44.60) = Close Price ($153.51) / Consensus Forward EPS ($3.44)
FORWARD PE RATIO
44.60
SECTOR MEDIAN · TECHNOLOGY
27.14
median of 147 covered companies
CURRENT VS SECTOR MEDIAN
+64.33%
vs the sector median at left
Fortinet, Inc.
Market Cap
$112.63B
Forward PE Ratio
44.60
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Fortinet, Inc. (FTNT) | $112.63B | 44.60 |
| Automatic Data Processing, Inc. (ADP)vs › | $112.25B | 25.36 |
| Accenture plc (ACN)vs › | $113.38B | 13.37 |
| Snowflake Inc. (SNOW)vs › | $115.34B | 274.53 |
| Adobe Inc. (ADBE)vs › | $109.43B | 11.28 |
| Cloudflare, Inc. (NET)vs › | $104.02B | 232.53 |
| AppLovin Corporation (APP)vs › | $102.72B | 19.32 |
| Intuit Inc. (INTU)vs › | $100.39B | 15.40 |
| Corning Inc (GLW)vs › | $129.03B | 45.73 |
| ServiceNow, Inc. (NOW)vs › | $132.83B | 31.55 |
Trailing P/E
54.0
reported TTM EPS
Forward P/E
44.6
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.44 implies +21.1% EPS growth vs the reported trailing $2.84.
At today's $153.51 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 | $3.44 | $3.16 – $3.60 | 24 | 44.6x |
| 2027-12-31 | $3.77 | $3.31 – $4.51 | 26 | 40.8x |
| 2028-12-31 | $4.27 | $3.64 – $5.42 | 9 | 36.0x |
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.
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
