Fortinet, Inc. (FTNT) PB Ratio: 104.40
Is Fortinet, Inc.’s P/B ratio high or low?
Fortinet, Inc.'s P/B ratio of 104.40 is 77% below its 5-year average of 452.36, near the low end of its 5-year range (27.97–5587.21).
The P/B ratio for Fortinet, Inc. (FTNT) is 104.40. It is above its 12-month average by 79.04% (58.31).
FTNT PB Ratio Chart
FTNT Average PB Ratio Chart
FTNT Current vs Average PB Ratio Chart
FTNT PB Ratio Metrics
PB RATIO
104.40
PB RATIO AVG TTM
58.31
PB RATIO AVG 3Y
457.53
PB RATIO AVG 5Y
452.36
PB RATIO AVG 10Y
204.88
PB RATIO AVG 15Y
133.63
PB RATIO AVG 20Y
123.30
CURRENT VS TTM AVG
+79.04%
CURRENT VS 3Y AVG
-77.18%
CURRENT VS 5Y AVG
-76.92%
CURRENT VS 10Y AVG
-49.04%
CURRENT VS 15Y AVG
-21.87%
CURRENT VS 20Y AVG
-15.33%
FTNT Competitors' PB Ratio
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortinet, Inc. (FTNT) | $101.91B | 104.40 | 58.31 | 457.53 | 452.36 |
| Accenture plc (ACN) | $104.93B | 3.40 | 4.88 | 6.79 | 7.84 |
| Cadence Design Systems, Inc. (CDNS) | $105.80B | 16.01 | 16.89 | 19.22 | 18.47 |
| Adobe Inc. (ADBE) | $94.61B | 8.43 | 11.48 | 14.01 | 14.50 |
| ServiceNow, Inc. (NOW) | $109.38B | 9.40 | 13.95 | 17.98 | 21.48 |
| Synopsys, Inc. (SNPS) | $87.82B | 2.88 | 4.17 | 8.87 | 9.10 |
| Snowflake Inc. (SNOW) | $83.15B | 42.71 | 31.25 | 19.01 | 16.45 |
| Datadog, Inc. (DDOG) | $81.03B | 20.82 | 15.57 | 17.96 | 24.30 |
| Intuit Inc. (INTU) | $77.74B | 3.80 | 8.32 | 9.13 | 9.64 |
| Cloudflare, Inc. (NET) | $77.62B | 50.74 | 51.89 | 41.73 | 40.43 |
P/B vs. its own history
At 104.40, P/B is richer than usual — richer than 91% of its 16-year range.
16-year low
4.71
median
12.70
16-year high
5587.21
Book Value Analysis
P/B Ratio
104.40
Market Price / Book Value per Share
Fortinet, Inc. 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
Fortinet, Inc. PB Ratio FAQ
- What is the P/B ratio for Fortinet, Inc. (FTNT)?
- The P/B ratio for FTNT stock is 104.40.
- Is Fortinet, Inc.'s P/B ratio high or low?
- Fortinet, Inc.'s P/B ratio of 104.40 is 77% below its 5-year average of 452.36, near the low end of its 5-year range (27.97–5587.21).
- What is the TTM average P/B ratio for Fortinet, Inc. (FTNT)?
- The TTM average P/B ratio for FTNT stock is 58.31.
- What is the 3Y average P/B ratio for Fortinet, Inc. (FTNT)?
- The 3Y average P/B ratio for FTNT stock is 457.53.
- What is the 5Y average P/B ratio for Fortinet, Inc. (FTNT)?
- The 5Y average P/B ratio for FTNT stock is 452.36.
- What is the 10Y average P/B ratio for Fortinet, Inc. (FTNT)?
- The 10Y average P/B ratio for FTNT stock is 204.88.
- What is the 15Y average P/B ratio for Fortinet, Inc. (FTNT)?
- The 15Y average P/B ratio for FTNT stock is 133.63.
- What is the 20Y average P/B ratio for Fortinet, Inc. (FTNT)?
- The 20Y average P/B ratio for FTNT stock is 123.30.
Fortinet, Inc. PB Ratio History
| DATE | PB RATIO |
|---|---|
| 2026-06-10 | 104.40 |
| 2026-06-09 | 103.87 |
| 2026-06-08 | 107.36 |
| 2026-06-05 | 108.59 |
| 2026-06-04 | 112.33 |
| 2026-06-03 | 109.94 |
| 2026-06-02 | 111.72 |
| 2026-06-01 | 110.43 |
| 2026-05-29 | 103.55 |
| 2026-05-28 | 97.34 |
| 2026-05-27 | 96.02 |
| 2026-05-26 | 100.54 |
| 2026-05-22 | 100.52 |
| 2026-05-21 | 97.16 |
| 2026-05-20 | 97.57 |
| 2026-05-19 | 95.80 |
| 2026-05-18 | 94.94 |
| 2026-05-15 | 92.15 |
| 2026-05-14 | 91.46 |
| 2026-05-13 | 88.33 |
| 2026-05-12 | 85.46 |
| 2026-05-11 | 86.64 |
| 2026-05-08 | 85.61 |
| 2026-05-07 | 81.03 |
| 2026-05-06 | 54.37 |
| 2026-05-05 | 54.35 |
| 2026-05-04 | 53.94 |
| 2026-05-01 | 52.16 |
| 2026-04-30 | 50.96 |
| 2026-04-29 | 52.05 |
| 2026-04-28 | 51.81 |
| 2026-04-27 | 51.78 |
| 2026-04-24 | 50.98 |
| 2026-04-23 | 50.02 |
| 2026-04-22 | 52.64 |
| 2026-04-21 | 51.53 |
| 2026-04-20 | 49.93 |
| 2026-04-17 | 49.47 |
| 2026-04-16 | 49.81 |
| 2026-04-15 | 48.14 |
| 2026-04-14 | 47.57 |
| 2026-04-13 | 47.59 |
| 2026-04-10 | 46.36 |
| 2026-04-09 | 48.75 |
| 2026-04-08 | 50.48 |
| 2026-04-07 | 50.60 |
| 2026-04-06 | 49.74 |
| 2026-04-02 | 49.88 |
| 2026-04-01 | 49.05 |
| 2026-03-31 | 49.40 |
| 2026-03-30 | 47.78 |
| 2026-03-27 | 47.27 |
| 2026-03-26 | 48.98 |
| 2026-03-25 | 47.68 |
| 2026-03-24 | 47.96 |
| 2026-03-23 | 50.03 |
| 2026-03-20 | 49.20 |
| 2026-03-19 | 50.24 |
| 2026-03-18 | 50.40 |
| 2026-03-17 | 50.27 |
| 2026-03-16 | 51.07 |
| 2026-03-13 | 50.43 |
| 2026-03-12 | 51.02 |
| 2026-03-11 | 50.46 |
| 2026-03-10 | 50.89 |
| 2026-03-09 | 50.66 |
| 2026-03-06 | 50.57 |
| 2026-03-05 | 51.03 |
| 2026-03-04 | 50.04 |
| 2026-03-03 | 49.02 |
| 2026-03-02 | 47.86 |
| 2026-02-27 | 47.77 |
| 2026-02-26 | 47.87 |
| 2026-02-25 | 46.75 |
| 2026-02-24 | 45.47 |
| 2026-02-23 | 79.21 |
| 2026-02-20 | 83.82 |
| 2026-02-19 | 85.57 |
| 2026-02-18 | 84.54 |
| 2026-02-17 | 85.59 |
| 2026-02-13 | 89.65 |
| 2026-02-12 | 88.28 |
| 2026-02-11 | 92.01 |
| 2026-02-10 | 89.61 |
| 2026-02-09 | 90.03 |
| 2026-02-06 | 86.71 |
| 2026-02-05 | 82.70 |
| 2026-02-04 | 84.99 |
| 2026-02-03 | 83.09 |
| 2026-02-02 | 85.17 |
| 2026-01-30 | 85.14 |
| 2026-01-29 | 85.40 |
| 2026-01-28 | 86.00 |
| 2026-01-27 | 85.61 |
| 2026-01-26 | 87.04 |
| 2026-01-23 | 85.54 |
| 2026-01-22 | 81.33 |
| 2026-01-21 | 79.37 |
| 2026-01-20 | 79.06 |
| 2026-01-16 | 78.98 |
| 2026-01-15 | 79.96 |
| 2026-01-14 | 80.04 |
| 2026-01-13 | 82.07 |
| 2026-01-12 | 82.42 |
| 2026-01-09 | 83.00 |
| 2026-01-08 | 81.78 |
| 2026-01-07 | 83.84 |
| 2026-01-06 | 82.19 |
| 2026-01-05 | 81.66 |
| 2026-01-02 | 81.60 |
| 2025-12-31 | 83.20 |
| 2025-12-30 | 84.14 |
| 2025-12-29 | 84.68 |
| 2025-12-26 | 85.45 |
| 2025-12-24 | 85.06 |
| 2025-12-23 | 84.51 |
| 2025-12-22 | 85.64 |
| 2025-12-19 | 84.07 |
| 2025-12-18 | 83.56 |
| 2025-12-17 | 83.17 |
| 2025-12-16 | 86.41 |
| 2025-12-15 | 85.41 |
| 2025-12-12 | 86.15 |
| 2025-12-11 | 86.41 |
| 2025-12-10 | 85.50 |
| 2025-12-09 | 87.49 |
| 2025-12-08 | 87.52 |
| 2025-12-05 | 91.07 |
| 2025-12-04 | 89.25 |
| 2025-12-03 | 86.71 |
| 2025-12-02 | 86.90 |
| 2025-12-01 | 85.73 |
| 2025-11-28 | 85.00 |
| 2025-11-26 | 84.40 |
| 2025-11-25 | 84.73 |
| 2025-11-24 | 83.58 |
| 2025-11-21 | 82.63 |
| 2025-11-20 | 81.77 |
| 2025-11-19 | 83.54 |
| 2025-11-18 | 83.98 |
| 2025-11-17 | 85.85 |
| 2025-11-14 | 86.24 |
| 2025-11-13 | 84.90 |
| 2025-11-12 | 86.06 |
| 2025-11-11 | 87.65 |
| 2025-11-10 | 86.21 |
| 2025-11-07 | 85.70 |
| 2025-11-06 | 84.39 |
| 2025-11-05 | 32.34 |
| 2025-11-04 | 32.05 |
| 2025-11-03 | 32.91 |
| 2025-10-31 | 32.50 |
| 2025-10-30 | 31.66 |
| 2025-10-29 | 31.67 |
| 2025-10-28 | 32.29 |
| 2025-10-27 | 32.07 |
| 2025-10-24 | 32.17 |
| 2025-10-23 | 31.94 |
| 2025-10-22 | 31.84 |
| 2025-10-21 | 31.88 |
| 2025-10-20 | 31.91 |
| 2025-10-17 | 31.38 |
| 2025-10-16 | 31.26 |
| 2025-10-15 | 31.43 |
| 2025-10-14 | 31.24 |
| 2025-10-13 | 31.66 |
| 2025-10-10 | 31.23 |
| 2025-10-09 | 32.41 |
| 2025-10-08 | 32.51 |
| 2025-10-07 | 31.93 |
| 2025-10-06 | 32.48 |
| 2025-10-03 | 32.26 |
| 2025-10-02 | 32.45 |
| 2025-10-01 | 32.03 |
| 2025-09-30 | 31.62 |
| 2025-09-29 | 31.83 |
| 2025-09-26 | 31.71 |
| 2025-09-25 | 31.29 |
| 2025-09-24 | 31.44 |
| 2025-09-23 | 32.07 |
| 2025-09-22 | 31.97 |
| 2025-09-19 | 31.67 |
| 2025-09-18 | 30.46 |
| 2025-09-17 | 30.19 |
| 2025-09-16 | 30.00 |
| 2025-09-15 | 30.46 |
| 2025-09-12 | 29.96 |
| 2025-09-11 | 30.42 |
| 2025-09-10 | 29.89 |
| 2025-09-09 | 30.02 |
| 2025-09-08 | 30.22 |
| 2025-09-05 | 29.64 |
| 2025-09-04 | 28.74 |
| 2025-09-03 | 28.80 |
| 2025-09-02 | 28.93 |
| 2025-08-29 | 29.62 |
| 2025-08-28 | 29.82 |
| 2025-08-27 | 29.38 |
| 2025-08-26 | 29.20 |
| 2025-08-25 | 29.20 |
| 2025-08-22 | 30.09 |
| 2025-08-21 | 29.24 |
| 2025-08-20 | 29.94 |
| 2025-08-19 | 29.37 |
| 2025-08-18 | 30.37 |
| 2025-08-15 | 29.75 |
| 2025-08-14 | 29.05 |
| 2025-08-13 | 29.83 |
| 2025-08-12 | 29.51 |
| 2025-08-11 | 28.04 |
| 2025-08-08 | 27.97 |
| 2025-08-07 | 28.32 |
| 2025-08-06 | 38.22 |
| 2025-08-05 | 38.07 |
| 2025-08-04 | 39.00 |
| 2025-08-01 | 38.53 |
| 2025-07-31 | 39.53 |
| 2025-07-30 | 40.25 |
| 2025-07-29 | 41.46 |
| 2025-07-28 | 41.51 |
| 2025-07-25 | 41.48 |
| 2025-07-24 | 41.46 |
| 2025-07-23 | 41.58 |
| 2025-07-22 | 41.48 |
| 2025-07-21 | 42.32 |
| 2025-07-18 | 41.72 |
| 2025-07-17 | 41.52 |
| 2025-07-16 | 40.94 |
| 2025-07-15 | 41.53 |
| 2025-07-14 | 40.75 |
| 2025-07-11 | 39.20 |
| 2025-07-10 | 39.65 |
| 2025-07-09 | 42.60 |
| 2025-07-08 | 42.56 |
| 2025-07-07 | 42.21 |
| 2025-07-03 | 41.81 |
| 2025-07-02 | 40.45 |
| 2025-07-01 | 40.54 |
| 2025-06-30 | 41.84 |
| 2025-06-27 | 40.80 |
| 2025-06-26 | 41.10 |
| 2025-06-25 | 41.03 |
| 2025-06-24 | 41.32 |
| 2025-06-23 | 40.82 |
| 2025-06-20 | 39.51 |
| 2025-06-18 | 39.90 |
| 2025-06-17 | 40.71 |
| 2025-06-16 | 40.35 |
| 2025-06-13 | 39.90 |
| 2025-06-12 | 40.23 |
| 2025-06-11 | 40.37 |
| 2025-06-10 | 40.22 |
| 2025-06-09 | 40.40 |
| 2025-06-06 | 41.53 |
| 2025-06-05 | 40.96 |
| 2025-06-04 | 40.22 |
| 2025-06-03 | 40.71 |
| 2025-06-02 | 40.55 |
| 2025-05-30 | 40.28 |
| 2025-05-29 | 40.38 |
Showing the most recent 260 of 3,789 data points. The chart above shows the full history.
Related Metrics
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.
- Sector
- Technology
- Industry
- Software - Infrastructure
- CEO
- Ken Xie