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Fortinet, Inc. (FTNT) PEG Ratio: 4.54

Is Fortinet, Inc.’s PEG ratio high or low?

Fortinet, Inc.'s PEG ratio of 4.54 is 119% above its 5-year average of 2.07, near the high end of its 5-year range (0.75–4.54).

The PEG ratio for Fortinet, Inc. (FTNT) is 4.54. It is above its 12-month average by 71.64% (2.65).

FTNT PEG Ratio Chart

FTNT PEG Ratio
4.54+505.33% 1Y
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FTNT Average PEG Ratio Chart

FTNT Current vs Average PEG Ratio Chart

FTNT PEG Ratio Metrics

PEG RATIO

4.54

PEG RATIO AVG TTM

2.65

PEG RATIO AVG 3Y

1.84

PEG RATIO AVG 5Y

2.07

PEG RATIO AVG 10Y

1.63

PEG RATIO AVG 15Y

3.48

PEG RATIO AVG 20Y

3.17

CURRENT VS TTM AVG

+71.64%

CURRENT VS 3Y AVG

+146.40%

CURRENT VS 5Y AVG

+118.97%

CURRENT VS 10Y AVG

+178.10%

CURRENT VS 15Y AVG

+30.50%

CURRENT VS 20Y AVG

+43.42%

FTNT Competitors' PEG Ratio

NAMEMARKET CAPPEG RATIOTTM3Y5Y
Fortinet, Inc. (FTNT)4.542.651.842.07
Accenture plc (ACN)$106.76B3.404.1029.3620.64
Cadence Design Systems, Inc. (CDNS)$107.82B14.8857.1129.8624.72
Adobe Inc. (ADBE)$94.61B0.554.6831.4931.49
ServiceNow, Inc. (NOW)$110.32B4.054.053.464.12
Synopsys, Inc. (SNPS)$89.09B0.421.352.362.20
Cloudflare, Inc. (NET)$83.45B8.0215.1510.9810.47
Snowflake Inc. (SNOW)$83.07BN/AN/AN/AN/A
Datadog, Inc. (DDOG)$80.92B0.980.9874.7350.75
Intuit Inc. (INTU)$80.36B1.862.172.793.71

Growth-Adjusted Valuation

PEG Ratio

4.54

P/E Ratio

53.4

Fortinet, Inc. PEG Ratio Formula & Definition

PEG Ratio = PE Ratio / Earnings Growth Rate

The PEG ratio adjusts the PE ratio for expected earnings growth. A PEG near 1 is often considered fairly valued relative to growth.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Fortinet, Inc. PEG Ratio FAQ

What is the PEG ratio for Fortinet, Inc. (FTNT)?
The PEG ratio for FTNT stock is 4.54.
Is Fortinet, Inc.'s PEG ratio high or low?
Fortinet, Inc.'s PEG ratio of 4.54 is 119% above its 5-year average of 2.07, near the high end of its 5-year range (0.75–4.54).
What is the TTM average PEG ratio for Fortinet, Inc. (FTNT)?
The TTM average PEG ratio for FTNT stock is 2.65.
What is the 3Y average PEG ratio for Fortinet, Inc. (FTNT)?
The 3Y average PEG ratio for FTNT stock is 1.84.
What is the 5Y average PEG ratio for Fortinet, Inc. (FTNT)?
The 5Y average PEG ratio for FTNT stock is 2.07.
What is the 10Y average PEG ratio for Fortinet, Inc. (FTNT)?
The 10Y average PEG ratio for FTNT stock is 1.63.
What is the 15Y average PEG ratio for Fortinet, Inc. (FTNT)?
The 15Y average PEG ratio for FTNT stock is 3.48.
What is the 20Y average PEG ratio for Fortinet, Inc. (FTNT)?
The 20Y average PEG ratio for FTNT stock is 3.17.

Fortinet, Inc. PEG Ratio History

DATEPEG RATIO
2025-12-314.54
2024-12-310.75
2023-12-311.10
2022-12-310.98
2021-12-314.14
2020-12-310.93
2018-12-310.04
2016-12-310.58
2012-12-3120.36
2011-12-311.37
2009-12-310.03

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.

Sunnyvale, CA
14,556 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Ken Xie