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Fortinet, Inc. (FTNT)
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Fortinet, Inc. (FTNT) Price/FCF Ratio: 42.43

Is Fortinet, Inc.’s Price/FCF ratio high or low?

Fortinet, Inc.'s Price/FCF ratio of 42.43 is 19% above its 5-year average of 35.60, around the middle of its 5-year range (18.98–53.15).

The Price/FCF ratio for Fortinet, Inc. (FTNT) is 42.43. It is above its 12-month average by 31.01% (32.39).

FTNT Price/FCF Ratio Chart

FTNT Price/FCF Ratio
42.43+11.13% 1Y
Zoom

FTNT Average Price/FCF Ratio Chart

FTNT Current vs Average Price/FCF Ratio Chart

FTNT Price/FCF Ratio Metrics

PRICE/FCF RATIO

42.43

PRICE/FCF RATIO AVG TTM

32.39

PRICE/FCF RATIO AVG 3Y

32.59

PRICE/FCF RATIO AVG 5Y

35.60

PRICE/FCF RATIO AVG 10Y

29.90

PRICE/FCF RATIO AVG 15Y

29.21

PRICE/FCF RATIO AVG 20Y

28.89

CURRENT VS TTM AVG

+31.01%

CURRENT VS 3Y AVG

+30.19%

CURRENT VS 5Y AVG

+19.19%

CURRENT VS 10Y AVG

+41.90%

CURRENT VS 15Y AVG

+45.28%

CURRENT VS 20Y AVG

+46.85%

FTNT Competitors' Price/FCF Ratio

NAMEMARKET CAPPRICE/FCF RATIOTTM3Y5Y
Fortinet, Inc. (FTNT)42.4332.3932.5935.60
Accenture plc (ACN)$104.93B8.4913.6820.1521.85
Cadence Design Systems, Inc. (CDNS)$105.80B73.4559.1764.9757.33
Adobe Inc. (ADBE)$94.61B9.3413.8326.0928.30
ServiceNow, Inc. (NOW)$109.38B23.8139.0950.6153.53
Synopsys, Inc. (SNPS)$87.82B32.8355.5260.1750.48
Snowflake Inc. (SNOW)$83.15B70.8385.3576.43450.01
Datadog, Inc. (DDOG)$81.03B76.9154.8764.12108.99
Intuit Inc. (INTU)$77.74B10.1725.8932.0234.86
Cloudflare, Inc. (NET)$77.62B217.88317.08284.91292.55

Free Cash Flow Valuation

P/FCF Ratio

42.4

FCF Yield

2.36%

Fortinet, Inc. Price/FCF Ratio Formula & Definition

P/FCF measures market price relative to free cash flow per share. Free cash flow is operating cash flow after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Fortinet, Inc. Price/FCF Ratio FAQ

What is the Price/FCF ratio for Fortinet, Inc. (FTNT)?
The Price/FCF ratio for FTNT stock is 42.43.
Is Fortinet, Inc.'s Price/FCF ratio high or low?
Fortinet, Inc.'s Price/FCF ratio of 42.43 is 19% above its 5-year average of 35.60, around the middle of its 5-year range (18.98–53.15).
What is the TTM average Price/FCF ratio for Fortinet, Inc. (FTNT)?
The TTM average Price/FCF ratio for FTNT stock is 32.39.
What is the 3Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?
The 3Y average Price/FCF ratio for FTNT stock is 32.59.
What is the 5Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?
The 5Y average Price/FCF ratio for FTNT stock is 35.60.
What is the 10Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?
The 10Y average Price/FCF ratio for FTNT stock is 29.90.
What is the 15Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?
The 15Y average Price/FCF ratio for FTNT stock is 29.21.
What is the 20Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?
The 20Y average Price/FCF ratio for FTNT stock is 28.89.

Fortinet, Inc. Price/FCF Ratio History

DATEPRICE/FCF RATIO
2026-06-1042.43
2026-06-0942.21
2026-06-0843.63
2026-06-0544.13
2026-06-0445.65
2026-06-0344.67
2026-06-0245.40
2026-06-0144.88
2026-05-2942.08
2026-05-2839.56
2026-05-2739.02
2026-05-2640.86
2026-05-2240.85
2026-05-2139.48
2026-05-2039.65
2026-05-1938.93
2026-05-1838.58
2026-05-1537.45
2026-05-1437.17
2026-05-1335.89
2026-05-1234.73
2026-05-1135.21
2026-05-0834.79
2026-05-0732.93
2026-05-0630.23
2026-05-0530.22
2026-05-0429.99
2026-05-0129.00
2026-04-3028.33
2026-04-2928.94
2026-04-2828.81
2026-04-2728.79
2026-04-2428.34
2026-04-2327.81
2026-04-2229.27
2026-04-2128.65
2026-04-2027.76
2026-04-1727.50
2026-04-1627.69
2026-04-1526.76
2026-04-1426.45
2026-04-1326.46
2026-04-1025.78
2026-04-0927.11
2026-04-0828.06
2026-04-0728.13
2026-04-0627.65
2026-04-0227.73
2026-04-0127.27
2026-03-3127.46
2026-03-3026.57
2026-03-2726.28
2026-03-2627.23
2026-03-2526.51
2026-03-2426.66
2026-03-2327.82
2026-03-2027.36
2026-03-1927.93
2026-03-1828.02
2026-03-1727.95
2026-03-1628.39
2026-03-1328.04
2026-03-1228.36
2026-03-1128.05
2026-03-1028.30
2026-03-0928.17
2026-03-0628.12
2026-03-0528.37
2026-03-0427.82
2026-03-0327.25
2026-03-0226.61
2026-02-2726.56
2026-02-2626.62
2026-02-2525.99
2026-02-2425.28
2026-02-2328.71
2026-02-2030.38
2026-02-1931.01
2026-02-1830.64
2026-02-1731.02
2026-02-1332.49
2026-02-1231.99
2026-02-1133.35
2026-02-1032.48
2026-02-0932.63
2026-02-0631.42
2026-02-0529.97
2026-02-0430.80
2026-02-0330.11
2026-02-0230.87
2026-01-3030.86
2026-01-2930.95
2026-01-2831.17
2026-01-2731.03
2026-01-2631.54
2026-01-2331.00
2026-01-2229.47
2026-01-2128.76
2026-01-2028.65
2026-01-1628.62
2026-01-1528.98
2026-01-1429.01
2026-01-1329.74
2026-01-1229.87
2026-01-0930.08
2026-01-0829.64
2026-01-0730.38
2026-01-0629.78
2026-01-0529.59
2026-01-0229.57
2025-12-3130.15
2025-12-3030.49
2025-12-2930.69
2025-12-2630.97
2025-12-2430.82
2025-12-2330.63
2025-12-2231.04
2025-12-1930.47
2025-12-1830.28
2025-12-1730.14
2025-12-1631.31
2025-12-1530.95
2025-12-1231.22
2025-12-1131.31
2025-12-1030.98
2025-12-0931.71
2025-12-0831.72
2025-12-0533.00
2025-12-0432.34
2025-12-0331.42
2025-12-0231.49
2025-12-0131.07
2025-11-2830.81
2025-11-2630.59
2025-11-2530.71
2025-11-2430.29
2025-11-2129.94
2025-11-2029.63
2025-11-1930.27
2025-11-1830.43
2025-11-1731.11
2025-11-1431.25
2025-11-1330.77
2025-11-1231.19
2025-11-1131.77
2025-11-1031.24
2025-11-0731.06
2025-11-0630.58
2025-11-0532.78
2025-11-0432.48
2025-11-0333.36
2025-10-3132.94
2025-10-3032.09
2025-10-2932.10
2025-10-2832.73
2025-10-2732.51
2025-10-2432.61
2025-10-2332.37
2025-10-2232.27
2025-10-2132.32
2025-10-2032.35
2025-10-1731.80
2025-10-1631.69
2025-10-1531.86
2025-10-1431.67
2025-10-1332.09
2025-10-1031.65
2025-10-0932.85
2025-10-0832.96
2025-10-0732.37
2025-10-0632.93
2025-10-0332.70
2025-10-0232.89
2025-10-0132.47
2025-09-3032.05
2025-09-2932.27
2025-09-2632.14
2025-09-2531.72
2025-09-2431.87
2025-09-2332.50
2025-09-2232.40
2025-09-1932.10
2025-09-1830.87
2025-09-1730.60
2025-09-1630.41
2025-09-1530.87
2025-09-1230.37
2025-09-1130.83
2025-09-1030.30
2025-09-0930.43
2025-09-0830.63
2025-09-0530.05
2025-09-0429.14
2025-09-0329.19
2025-09-0229.32
2025-08-2930.02
2025-08-2830.22
2025-08-2729.78
2025-08-2629.60
2025-08-2529.59
2025-08-2230.50
2025-08-2129.64
2025-08-2030.34
2025-08-1929.77
2025-08-1830.78
2025-08-1530.15
2025-08-1429.45
2025-08-1330.24
2025-08-1229.91
2025-08-1128.42
2025-08-0828.36
2025-08-0728.70
2025-08-0636.29
2025-08-0536.15
2025-08-0437.03
2025-08-0136.58
2025-07-3137.53
2025-07-3038.21
2025-07-2939.36
2025-07-2839.41
2025-07-2539.38
2025-07-2439.36
2025-07-2339.47
2025-07-2239.38
2025-07-2140.18
2025-07-1839.61
2025-07-1739.42
2025-07-1638.86
2025-07-1539.42
2025-07-1438.69
2025-07-1137.22
2025-07-1037.65
2025-07-0940.45
2025-07-0840.40
2025-07-0740.07
2025-07-0339.70
2025-07-0238.40
2025-07-0138.48
2025-06-3039.72
2025-06-2738.74
2025-06-2639.02
2025-06-2538.96
2025-06-2439.23
2025-06-2338.76
2025-06-2037.52
2025-06-1837.88
2025-06-1738.65
2025-06-1638.30
2025-06-1337.88
2025-06-1238.20
2025-06-1138.33
2025-06-1038.18
2025-06-0938.35
2025-06-0639.43
2025-06-0538.89
2025-06-0438.18
2025-06-0338.65
2025-06-0238.50
2025-05-3038.24
2025-05-2938.34

Showing the most recent 260 of 4,164 data points. The chart above shows the full history.

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