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Fortinet, Inc. (FTNT)
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Fortinet, Inc. (FTNT) PE Ratio: 57.72

Is Fortinet, Inc.’s P/E ratio high or low?

Fortinet, Inc.'s P/E ratio of 57.72 is in line with its 5-year average of 56.36, around the middle of its 5-year range (29.64–111.41).

As of Tuesday, June 16, 2026. 65.28% above its 12-month average of 34.92.

PE Ratio (57.72) = Close Price ($149.49) / Diluted TTM EPS ($2.59)

FTNT PE Ratio Chart

FTNT PE Ratio
57.72+37.59% 1Y
Zoom

FTNT Average PE Ratio Chart

FTNT Current vs Average PE Ratio Chart

FTNT PE Ratio Metrics

PE RATIO

57.72

PE RATIO AVG TTM

34.92

PE RATIO AVG 3Y

42.04

PE RATIO AVG 5Y

54.90

PE RATIO AVG 10Y

66.32

PE RATIO AVG 15Y

70.79

PE RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+65.28%

CURRENT VS 3Y AVG

+37.29%

CURRENT VS 5Y AVG

+5.13%

CURRENT VS 10Y AVG

-12.97%

CURRENT VS 15Y AVG

-18.47%

CURRENT VS 20Y AVG

N/A

FTNT Competitors' PE Ratio

NAMEMARKET CAPPE RATIOTTM3Y5Y
Fortinet, Inc. (FTNT)$106.55B57.7234.9242.0454.90
Cadence Design Systems, Inc. (CDNS)vs ›$107.73B91.9683.3577.6671.69
ServiceNow, Inc. (NOW)vs ›$104.82B61.9992.15113.41262.15
Accenture plc (ACN)vs ›$102.54B13.5419.3226.1228.06
Synopsys, Inc. (SNPS)vs ›$86.36B103.7653.4455.9756.70
Adobe Inc. (ADBE)vs ›$83.83B11.8119.2335.7438.29
Datadog, Inc. (DDOG)vs ›$82.75B611.78434.91409.2511856.69
Snowflake Inc. (SNOW)vs ›$82.47BN/AN/AN/AN/A
Cloudflare, Inc. (NET)vs ›$82.06BN/AN/AN/AN/A
Salesforce, Inc. (CRM)vs ›$132.48B19.0731.7792.32176.22

P/E vs. its own history

At 57.7, P/E is in its normal range, sitting higher than 46% of its 17-year history.

17-year low

18.3

median

60.9

17-year high

4933.3

cheaperricher

P/E Comparison

Trailing P/E

57.7

Forward P/E

43.7

Forward P/E Calculation

View All Analyst Estimates

Forward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.

Calculation:

Current Price

$149.49

÷

Forward EPS (Est.)

$3.42

=

Forward P/E

43.73

Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.

Fortinet, Inc. PE Ratio Formula & Definition

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

Fortinet, Inc. PE Ratio FAQ

What is the P/E ratio for Fortinet, Inc. (FTNT)?
The P/E ratio for FTNT stock is 57.72.
Is Fortinet, Inc.'s P/E ratio high or low?
Fortinet, Inc.'s P/E ratio of 57.72 is in line with its 5-year average of 56.36, around the middle of its 5-year range (29.64–111.41).
What is the TTM average P/E ratio for Fortinet, Inc. (FTNT)?
The TTM average P/E ratio for FTNT stock is 34.92.
What is the 3Y average P/E ratio for Fortinet, Inc. (FTNT)?
The 3Y average P/E ratio for FTNT stock is 42.04.
What is the 5Y average P/E ratio for Fortinet, Inc. (FTNT)?
The 5Y average P/E ratio for FTNT stock is 54.90.
What is the 10Y average P/E ratio for Fortinet, Inc. (FTNT)?
The 10Y average P/E ratio for FTNT stock is 66.32.
What is the 15Y average P/E ratio for Fortinet, Inc. (FTNT)?
The 15Y average P/E ratio for FTNT stock is 70.79.

Fortinet, Inc. PE Ratio History

DATEPE RATIO
2026-06-1557.72
2026-06-1256.49
2026-06-1156.01
2026-06-1053.62
2026-06-0953.43
2026-06-0855.23
2026-06-0555.86
2026-06-0457.79
2026-06-0356.56
2026-06-0257.47
2026-06-0156.81
2026-05-2953.27
2026-05-2850.08
2026-05-2749.39
2026-05-2651.72
2026-05-2251.71
2026-05-2149.98
2026-05-2050.19
2026-05-1949.28
2026-05-1848.84
2026-05-1547.41
2026-05-1447.05
2026-05-1345.44
2026-05-1243.97
2026-05-1144.57
2026-05-0844.04
2026-05-0741.69
2026-05-0637.02
2026-05-0537.00
2026-05-0436.72
2026-05-0135.51
2026-04-3034.70
2026-04-2935.44
2026-04-2835.28
2026-04-2735.26
2026-04-2434.71
2026-04-2334.06
2026-04-2235.84
2026-04-2135.09
2026-04-2033.99
2026-04-1733.68
2026-04-1633.91
2026-04-1532.77
2026-04-1432.39
2026-04-1332.40
2026-04-1031.56
2026-04-0933.19
2026-04-0834.37
2026-04-0734.45
2026-04-0633.86
2026-04-0233.96
2026-04-0133.40
2026-03-3133.63
2026-03-3032.53
2026-03-2732.18
2026-03-2633.35
2026-03-2532.47
2026-03-2432.65
2026-03-2334.06
2026-03-2033.50
2026-03-1934.21
2026-03-1834.32
2026-03-1734.22
2026-03-1634.77
2026-03-1334.34
2026-03-1234.73
2026-03-1134.35
2026-03-1034.65
2026-03-0934.49
2026-03-0634.43
2026-03-0534.74
2026-03-0434.07
2026-03-0333.37
2026-03-0232.58
2026-02-2732.52
2026-02-2632.59
2026-02-2531.83
2026-02-2430.96
2026-02-2331.11
2026-02-2032.92
2026-02-1933.61
2026-02-1833.21
2026-02-1733.62
2026-02-1335.21
2026-02-1234.67
2026-02-1136.14
2026-02-1035.20
2026-02-0935.36
2026-02-0634.06
2026-02-0532.48
2026-02-0433.38
2026-02-0332.63
2026-02-0233.45
2026-01-3033.44
2026-01-2933.54
2026-01-2833.78
2026-01-2733.63
2026-01-2634.19
2026-01-2333.60
2026-01-2231.94
2026-01-2131.17
2026-01-2031.05
2026-01-1631.02
2026-01-1531.41
2026-01-1431.44
2026-01-1332.23
2026-01-1232.37
2026-01-0932.60
2026-01-0832.12
2026-01-0732.93
2026-01-0632.28
2026-01-0532.07
2026-01-0232.05
2025-12-3132.68
2025-12-3033.05
2025-12-2933.26
2025-12-2633.56
2025-12-2433.41
2025-12-2333.19
2025-12-2233.64
2025-12-1933.02
2025-12-1832.82
2025-12-1732.67
2025-12-1633.94
2025-12-1533.55
2025-12-1233.84
2025-12-1133.94
2025-12-1033.58
2025-12-0934.36
2025-12-0834.37
2025-12-0535.77
2025-12-0435.05
2025-12-0334.06
2025-12-0234.13
2025-12-0133.67
2025-11-2833.39
2025-11-2633.15
2025-11-2533.28
2025-11-2432.83
2025-11-2132.45
2025-11-2032.12
2025-11-1932.81
2025-11-1832.98
2025-11-1733.72
2025-11-1433.87
2025-11-1333.35
2025-11-1233.80
2025-11-1134.43
2025-11-1033.86
2025-11-0733.66
2025-11-0633.14
2025-11-0534.26
2025-11-0433.95
2025-11-0334.87
2025-10-3134.43
2025-10-3033.55
2025-10-2933.55
2025-10-2834.21
2025-10-2733.98
2025-10-2434.09
2025-10-2333.84
2025-10-2233.73
2025-10-2133.78
2025-10-2033.81
2025-10-1733.24
2025-10-1633.12
2025-10-1533.30
2025-10-1433.10
2025-10-1333.55
2025-10-1033.08
2025-10-0934.34
2025-10-0834.45
2025-10-0733.83
2025-10-0634.41
2025-10-0334.18
2025-10-0234.38
2025-10-0133.94
2025-09-3033.50
2025-09-2933.73
2025-09-2633.59
2025-09-2533.15
2025-09-2433.31
2025-09-2333.97
2025-09-2233.87
2025-09-1933.55
2025-09-1832.27
2025-09-1731.99
2025-09-1631.78
2025-09-1532.27
2025-09-1231.75
2025-09-1132.23
2025-09-1031.67
2025-09-0931.81
2025-09-0832.02
2025-09-0531.41
2025-09-0430.45
2025-09-0330.51
2025-09-0230.65
2025-08-2931.38
2025-08-2831.59
2025-08-2731.13
2025-08-2630.94
2025-08-2530.93
2025-08-2231.88
2025-08-2130.98
2025-08-2031.72
2025-08-1931.11
2025-08-1832.18
2025-08-1531.52
2025-08-1430.78
2025-08-1331.61
2025-08-1231.26
2025-08-1129.71
2025-08-0829.64
2025-08-0730.00
2025-08-0639.74
2025-08-0539.59
2025-08-0440.56
2025-08-0140.07
2025-07-3141.11
2025-07-3041.86
2025-07-2943.12
2025-07-2843.16
2025-07-2543.14
2025-07-2443.12
2025-07-2343.23
2025-07-2243.13
2025-07-2144.01
2025-07-1843.38
2025-07-1743.18
2025-07-1642.57
2025-07-1543.18
2025-07-1442.37
2025-07-1140.77
2025-07-1041.23
2025-07-0944.30
2025-07-0844.26
2025-07-0743.89
2025-07-0343.48
2025-07-0242.06
2025-07-0142.15
2025-06-3043.51
2025-06-2742.43
2025-06-2642.74
2025-06-2542.67
2025-06-2442.97
2025-06-2342.45
2025-06-2041.09
2025-06-1841.49
2025-06-1742.34
2025-06-1641.95
2025-06-1341.49
2025-06-1241.84
2025-06-1141.98
2025-06-1041.82
2025-06-0942.01
2025-06-0643.19
2025-06-0542.59
2025-06-0441.82
2025-06-0342.34

Showing the most recent 260 of 4,091 data points. The chart above shows the full history.

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.

Sunnyvale, CA
14,556 employees
Technology / Software - Infrastructure
Sector
Technology
Industry
Software - Infrastructure
CEO
Ken Xie