Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 45.51 as of 2026-09-11T13:45:39.245Z.
Consensus retrieved: 2026-09-11T01:47:24.859Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
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
Forward PE Ratio (45.51) = Dated Quote Price ($157.00) / Consensus Forward EPS ($3.45)
FORWARD PE RATIO
45.51
SECTOR MEDIAN · TECHNOLOGY
23.76
median of 149 covered companies
CURRENT VS SECTOR MEDIAN
+91.54%
vs the sector median at left
Fortinet, Inc.
Market Cap
$115.19B
Forward PE Ratio
45.51
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Fortinet, Inc. (FTNT) | $115.19B | 45.51 |
| Snowflake Inc. (SNOW)vs › | $112.10B | 146.66 |
| Cloudflare, Inc. (NET)vs › | $110.21B | 246.15 |
| Accenture plc (ACN)vs › | $109.51B | 12.19 |
| Automatic Data Processing, Inc. (ADP)vs › | $106.30B | 21.70 |
| AppLovin Corporation (APP)vs › | $105.14B | 19.84 |
| Adobe Inc. (ADBE)vs › | $96.89B | 9.98 |
| ServiceNow, Inc. (NOW)vs › | $135.48B | 32.18 |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $87.10B | N/A |
| Intuit Inc. (INTU)vs › | $86.21B | 13.11 |
Trailing P/E
55.3
reported TTM EPS
Forward P/E
45.5
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.45 implies +21.5% EPS growth vs the reported trailing $2.84.
At the dated quote price of $157.00, 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 | $3.45 | $3.17 – $3.61 | 24 | 45.5x |
| 2027-12-31 | $3.78 | $3.32 – $4.52 | 25 | 41.6x |
| 2028-12-31 | $4.27 | $3.87 – $5.26 | 8 | 36.8x |
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
