PB Ratio: 74.27

Basis: FMP quote market capitalization / matching reported stockholders equity. Source: stored company filings and market data; unavailable inputs remain N/A.

Is the P/B ratio high or low?

The P/B ratio of 74.27 is 20% below its estimated 5-year average of 92.78, near the low end of its estimated 5-year range (27.97–5587.21).

As of 2026-09-11T13:45:39.245Z. 1.15% above its estimated 12-month average of 73.43.

FTNT PB Ratio Metrics

P/B vs. estimated history

At 74.27, P/B is above its estimated 17-year median — higher than 86% of readings in its estimated 17-year history.

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.

Book Value Analysis

PB Ratio Formula & Definition

PB Ratio = Market Cap / Total Shareholders' Equity

The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

PB Ratio FAQ

What is the P/B ratio for Fortinet, Inc. (FTNT)?

The P/B ratio for FTNT stock is 74.27.

Is Fortinet, Inc.'s P/B ratio high or low?

The P/B ratio of 74.27 is 20% below its estimated 5-year average of 92.78, near the low end of its estimated 5-year range (27.97–5587.21).

What is the estimated TTM average P/B ratio for Fortinet, Inc. (FTNT)?

The estimated TTM average P/B ratio for FTNT stock is 73.43.

What is the estimated 3Y average P/B ratio for Fortinet, Inc. (FTNT)?

The estimated 3Y average P/B ratio for FTNT stock is 88.12.

What is the estimated 5Y average P/B ratio for Fortinet, Inc. (FTNT)?

The estimated 5Y average P/B ratio for FTNT stock is 92.78.

What is the estimated 10Y average P/B ratio for Fortinet, Inc. (FTNT)?

The estimated 10Y average P/B ratio for FTNT stock is 37.44.

What is the estimated 15Y average P/B ratio for Fortinet, Inc. (FTNT)?

The estimated 15Y average P/B ratio for FTNT stock is 22.22.

Showing the most recent 260 of 3,851 data points. The chart above shows the full history.

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