Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 14.98x is 29% above its estimated 5-year average of 11.66x, around the middle of its estimated 5-year range (7.34x–19.85x).
As of 2026-09-11T13:45:39.245Z. 32.37% above its estimated 12-month average of 11.32x.
Calculation as of: 2026-09-11T13:45:39.245Z.
Quote observation: 2026-09-11T13:45:11.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c1888bd86d90bb7910e586314f1bd2a05757097c700734aae42124fa901b3d1e
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-10.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/SALES RATIO
14.98x
EV/SALES RATIO AVG TTM
11.32x
EV/SALES RATIO AVG 3Y
10.82x
EV/SALES RATIO AVG 5Y
11.66x
EV/SALES RATIO AVG 10Y
9.61x
EV/SALES RATIO AVG 15Y
8.40x
EV/SALES RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+32.37%
CURRENT VS 3Y AVG
+38.48%
CURRENT VS 5Y AVG
+28.51%
CURRENT VS 10Y AVG
+55.86%
CURRENT VS 15Y AVG
+78.43%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.52x
median of 187 covered companies
CURRENT VS SECTOR MEDIAN
+129.75%
vs the sector median at left
Fortinet, Inc.
Market Cap
$115.19B
EV/Sales Ratio
14.98x
TTM Avg
11.32x
3Y Avg
10.82x
5Y Avg
11.66x
Market Cap
$112.10B
EV/Sales Ratio
20.82x
TTM Avg
16.90x
3Y Avg
17.41x
5Y Avg
29.78x
Market Cap
$110.21B
EV/Sales Ratio
44.61x
TTM Avg
37.29x
3Y Avg
29.30x
5Y Avg
32.92x
Market Cap
$106.30B
EV/Sales Ratio
4.89x
TTM Avg
4.85x
3Y Avg
5.56x
5Y Avg
5.70x
Market Cap
$105.14B
EV/Sales Ratio
15.46x
TTM Avg
32.41x
3Y Avg
22.85x
5Y Avg
16.25x
Market Cap
$135.48B
EV/Sales Ratio
9.60x
TTM Avg
10.47x
3Y Avg
15.12x
5Y Avg
15.57x
Market Cap
$87.10B
EV/Sales Ratio
4.11x
TTM Avg
2.98x
3Y Avg
1.90x
5Y Avg
1.58x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | $115.19B | 14.98x | 11.32x | 10.82x | 11.66x |
| Snowflake Inc. (SNOW)vs › | $112.10B | 20.82x | 16.90x | 17.41x | 29.78x |
| Cloudflare, Inc. (NET)vs › | $110.21B | 44.61x | 37.29x | 29.30x | 32.92x |
| Accenture plc (ACN)vs › | $109.51B | 1.47x | 1.83x | 2.71x | 2.96x |
| Automatic Data Processing, Inc. (ADP)vs › | $106.30B | 4.89x | 4.85x | 5.56x | 5.70x |
| AppLovin Corporation (APP)vs › | $105.14B | 15.46x | 32.41x | 22.85x | 16.25x |
| Adobe Inc. (ADBE)vs › | $96.89B | N/A | 5.02x | 8.81x | 10.34x |
| ServiceNow, Inc. (NOW)vs › | $135.48B | 9.60x | 10.47x | 15.12x | 15.57x |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $87.10B | 4.11x | 2.98x | 1.90x | 1.58x |
| Intuit Inc. (INTU)vs › | $86.21B | 4.19x | 6.91x | 9.85x | 10.43x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
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
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-10 | 15.32x |
| 2026-09-09 | 15.16x |
| 2026-09-08 | 15.18x |
| 2026-09-04 | 15.07x |
| 2026-09-03 | 15.07x |
| 2026-09-02 | 14.90x |
| 2026-09-01 | 15.62x |
| 2026-08-31 | 16.51x |
| 2026-08-28 | 16.02x |
| 2026-08-27 | 16.69x |
| 2026-08-26 | 15.19x |
| 2026-08-25 | 14.81x |
| 2026-08-24 | 14.64x |
| 2026-08-21 | 14.79x |
| 2026-08-20 | 14.53x |
| 2026-08-19 | 14.73x |
| 2026-08-18 | 15.24x |
| 2026-08-17 | 15.02x |
| 2026-08-14 | 15.43x |
| 2026-08-13 | 15.97x |
| 2026-08-12 | 15.52x |
| 2026-08-11 | 15.62x |
| 2026-08-10 | 15.85x |
| 2026-08-07 | 15.40x |
| 2026-08-06 | 15.44x |
| 2026-08-05 | 15.84x |
| 2026-08-04 | 16.25x |
| 2026-08-03 | 15.75x |
| 2026-07-31 | 15.62x |
| 2026-07-30 | 15.87x |
| 2026-07-29 | 15.77x |
| 2026-07-28 | 15.43x |
| 2026-07-27 | 15.68x |
| 2026-07-24 | 15.68x |
| 2026-07-23 | 15.59x |
| 2026-07-22 | 15.96x |
| 2026-07-21 | 16.28x |
| 2026-07-20 | 16.51x |
| 2026-07-17 | 16.64x |
| 2026-07-16 | 16.56x |
| 2026-07-15 | 16.95x |
| 2026-07-14 | 17.19x |
| 2026-07-13 | 16.54x |
| 2026-07-10 | 16.21x |
| 2026-07-09 | 16.86x |
| 2026-07-08 | 16.13x |
| 2026-07-07 | 16.33x |
| 2026-07-06 | 16.72x |
| 2026-07-02 | 16.08x |
| 2026-07-01 | 16.37x |
| 2026-06-30 | 15.81x |
| 2026-06-29 | 16.00x |
| 2026-06-26 | 15.57x |
| 2026-06-25 | 15.42x |
| 2026-06-24 | 14.94x |
| 2026-06-23 | 15.22x |
| 2026-06-22 | 14.95x |
| 2026-06-18 | 14.88x |
| 2026-06-17 | 14.82x |
| 2026-06-16 | 15.12x |
| 2026-06-15 | 15.38x |
| 2026-06-12 | 15.04x |
| 2026-06-11 | 14.91x |
| 2026-06-10 | 14.27x |
| 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 | 11.66x |
| 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 | 8.69x |
| 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 | 9.47x |
| 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 |
Showing the most recent 260 of 4,227 data points. The chart above shows the full history.
