Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 48.33 as of Sunday, July 26, 2026.
Forward PE Ratio (48.33) = Close Price ($152.37) / Consensus Forward EPS ($3.15)
FORWARD PE RATIO
48.33
SECTOR MEDIAN · TECHNOLOGY
25.86
median of 150 covered companies
CURRENT VS SECTOR MEDIAN
+86.89%
vs the sector median at left
Fortinet, Inc.
Market Cap
$111.63B
Forward PE Ratio
48.33
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Fortinet, Inc. (FTNT) | $111.63B | 48.33 |
| ServiceNow, Inc. (NOW)vs › | $102.12B | 24.25 |
| Automatic Data Processing, Inc. (ADP)vs › | $99.97B | 22.59 |
| Corning Inc (GLW)vs › | $126.24B | 45.86 |
| Cloudflare, Inc. (NET)vs › | $93.11B | 218.88 |
| Snowflake Inc. (SNOW)vs › | $92.91B | 221.14 |
| AppLovin Corporation (APP)vs › | $131.68B | 24.37 |
| Cadence Design Systems, Inc. (CDNS)vs › | $89.98B | 41.09 |
| Accenture plc (ACN)vs › | $89.95B | 10.60 |
| Adobe Inc. (ADBE)vs › | $89.48B | 9.22 |
Trailing P/E
58.8
reported TTM EPS
Forward P/E
48.3
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $3.15 implies +21.6% EPS growth vs the reported trailing $2.59.
At today's $152.37 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 | $3.15 | $3.12 – $3.28 | 24 | 48.3x |
| 2027-12-31 | $3.42 | $2.99 – $3.77 | 25 | 44.5x |
| 2028-12-31 | $3.83 | $3.35 – $4.21 | 7 | 39.8x |
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
