Fortinet (FTNT) Price/FCF Ratio: History & Chart

Fortinet, Inc. (FTNT)FTNTFortinet, Inc.

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

15,109 employees

www.fortinet.com

Technology / Software - Infrastructure

Sector: Technology
Industry: Software - Infrastructure
CEO: Ken Xie

View full financials

FTNT Price/FCF Ratio Metrics

PRICE/FCF RATIO

46.47

PRICE/FCF RATIO AVG TTM

30.89

PRICE/FCF RATIO AVG 3Y

33.17

PRICE/FCF RATIO AVG 5Y

35.66

PRICE/FCF RATIO AVG 10Y

30.20

PRICE/FCF RATIO AVG 15Y

29.28

PRICE/FCF RATIO AVG 20Y

N/A

CURRENT VS TTM AVG

+50.43%

CURRENT VS 3Y AVG

+40.11%

CURRENT VS 5Y AVG

+30.32%

CURRENT VS 10Y AVG

+53.89%

CURRENT VS 15Y AVG

+58.69%

CURRENT VS 20Y AVG

N/A

SECTOR MEDIAN · TECHNOLOGY

28.66

median of 156 covered companies

CURRENT VS SECTOR MEDIAN

+62.14%

vs the sector median at left

NAME	MARKET CAP	PRICE/FCF RATIO	TTM	3Y	5Y
Fortinet, Inc. (FTNT)	$111.63B	46.47	30.89	33.17	35.66
ServiceNow, Inc. (NOW)vs ›	$102.12B	22.37	35.09	49.39	52.37
Automatic Data Processing, Inc. (ADP)vs ›	$99.97B	19.53	21.29	26.61	30.17
Corning Inc (GLW)vs ›	$126.24B	84.35	78.07	61.00	47.12
Cloudflare, Inc. (NET)vs ›	$93.11B	260.01	305.04	272.88	290.94
Snowflake Inc. (SNOW)vs ›	$92.91B	79.15	83.03	75.74	440.34
AppLovin Corporation (APP)vs ›	$131.68B	30.16	52.09	40.23	42.70
Cadence Design Systems, Inc. (CDNS)vs ›	$89.98B	62.45	60.25	65.33	57.90
Accenture plc (ACN)vs ›	$89.95B	7.19	12.29	19.58	21.52
Adobe Inc. (ADBE)vs ›	$89.48B	8.52	12.69	25.20	27.40

NAME

MARKET CAP

PRICE/FCF RATIO

TTM

Fortinet, Inc. (FTNT)

$111.63B

46.47

30.89

33.17

35.66

ServiceNow, Inc. (NOW)vs ›

$102.12B

22.37

35.09

49.39

52.37

Automatic Data Processing, Inc. (ADP)vs ›

$99.97B

19.53

21.29

26.61

30.17

Corning Inc (GLW)vs ›

$126.24B

84.35

78.07

61.00

47.12

Cloudflare, Inc. (NET)vs ›

$93.11B

260.01

305.04

272.88

290.94

Snowflake Inc. (SNOW)vs ›

$92.91B

79.15

83.03

75.74

440.34

AppLovin Corporation (APP)vs ›

$131.68B

30.16

52.09

40.23

42.70

Cadence Design Systems, Inc. (CDNS)vs ›

$89.98B

62.45

60.25

65.33

57.90

Accenture plc (ACN)vs ›

$89.95B

7.19

12.29

19.58

21.52

Adobe Inc. (ADBE)vs ›

$89.48B

8.52

12.69

25.20

27.40

Price/FCF Ratio FAQ

What is the Price/FCF ratio for Fortinet, Inc. (FTNT)?

The Price/FCF ratio for FTNT stock is 46.47.

Is Fortinet, Inc.'s Price/FCF ratio high or low?

The Price/FCF ratio of 46.47 is 30% above its 5-year average of 35.66, near the high end of its 5-year range (18.98–53.15).

What is the TTM average Price/FCF ratio for Fortinet, Inc. (FTNT)?

The TTM average Price/FCF ratio for FTNT stock is 30.89.

What is the 3Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?

The 3Y average Price/FCF ratio for FTNT stock is 33.17.

What is the 5Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?

The 5Y average Price/FCF ratio for FTNT stock is 35.66.

What is the 10Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?

The 10Y average Price/FCF ratio for FTNT stock is 30.20.

What is the 15Y average Price/FCF ratio for Fortinet, Inc. (FTNT)?

The 15Y average Price/FCF ratio for FTNT stock is 29.28.

DATE	PRICE/FCF RATIO
2026-07-24	46.47
2026-07-23	46.22
2026-07-22	47.29
2026-07-21	48.22
2026-07-20	48.91
2026-07-17	49.29
2026-07-16	49.04
2026-07-15	50.17
2026-07-14	50.88
2026-07-13	48.99
2026-07-10	48.04
2026-07-09	49.94
2026-07-08	47.79
2026-07-07	48.39
2026-07-06	49.51
2026-07-02	47.65
2026-07-01	48.49
2026-06-30	46.85
2026-06-29	47.40
2026-06-26	46.16
2026-06-25	45.73
2026-06-24	44.31
2026-06-23	45.14
2026-06-22	44.34
2026-06-18	44.14
2026-06-17	43.96
2026-06-16	44.84
2026-06-15	45.59
2026-06-12	44.62
2026-06-11	44.24
2026-06-10	42.36
2026-06-09	42.21
2026-06-08	43.63
2026-06-05	44.13
2026-06-04	45.65
2026-06-03	44.67
2026-06-02	45.40
2026-06-01	44.88
2026-05-29	42.08
2026-05-28	39.56
2026-05-27	39.02
2026-05-26	40.86
2026-05-22	40.85
2026-05-21	39.48
2026-05-20	39.65
2026-05-19	38.93
2026-05-18	38.58
2026-05-15	37.45
2026-05-14	37.17
2026-05-13	35.89
2026-05-12	34.73
2026-05-11	35.21
2026-05-08	34.79
2026-05-07	32.93
2026-05-06	30.23
2026-05-05	30.22
2026-05-04	29.99
2026-05-01	29.00
2026-04-30	28.33
2026-04-29	28.94
2026-04-28	28.81
2026-04-27	28.79
2026-04-24	28.34
2026-04-23	27.81
2026-04-22	29.27
2026-04-21	28.65
2026-04-20	27.76
2026-04-17	27.50
2026-04-16	27.69
2026-04-15	26.76
2026-04-14	26.45
2026-04-13	26.46
2026-04-10	25.78
2026-04-09	27.11
2026-04-08	28.06
2026-04-07	28.13
2026-04-06	27.65
2026-04-02	27.73
2026-04-01	27.27
2026-03-31	27.46
2026-03-30	26.57
2026-03-27	26.28
2026-03-26	27.23
2026-03-25	26.51
2026-03-24	26.66
2026-03-23	27.82
2026-03-20	27.36
2026-03-19	27.93
2026-03-18	28.02
2026-03-17	27.95
2026-03-16	28.39
2026-03-13	28.04
2026-03-12	28.36
2026-03-11	28.05
2026-03-10	28.30
2026-03-09	28.17
2026-03-06	28.12
2026-03-05	28.37
2026-03-04	27.82
2026-03-03	27.25
2026-03-02	26.61
2026-02-27	26.56
2026-02-26	26.62
2026-02-25	25.99
2026-02-24	25.28
2026-02-23	28.71
2026-02-20	30.38
2026-02-19	31.01
2026-02-18	30.64
2026-02-17	31.02
2026-02-13	32.49
2026-02-12	31.99
2026-02-11	33.35
2026-02-10	32.48
2026-02-09	32.63
2026-02-06	31.42
2026-02-05	29.97
2026-02-04	30.80
2026-02-03	30.11
2026-02-02	30.87
2026-01-30	30.86
2026-01-29	30.95
2026-01-28	31.17
2026-01-27	31.03
2026-01-26	31.54
2026-01-23	31.00
2026-01-22	29.47
2026-01-21	28.76
2026-01-20	28.65
2026-01-16	28.62
2026-01-15	28.98
2026-01-14	29.01
2026-01-13	29.74
2026-01-12	29.87
2026-01-09	30.08
2026-01-08	29.64
2026-01-07	30.38
2026-01-06	29.78
2026-01-05	29.59
2026-01-02	29.57
2025-12-31	30.15
2025-12-30	30.49
2025-12-29	30.69
2025-12-26	30.97
2025-12-24	30.82
2025-12-23	30.63
2025-12-22	31.04
2025-12-19	30.47
2025-12-18	30.28
2025-12-17	30.14
2025-12-16	31.31
2025-12-15	30.95
2025-12-12	31.22
2025-12-11	31.31
2025-12-10	30.98
2025-12-09	31.71
2025-12-08	31.72
2025-12-05	33.00
2025-12-04	32.34
2025-12-03	31.42
2025-12-02	31.49
2025-12-01	31.07
2025-11-28	30.81
2025-11-26	30.59
2025-11-25	30.71
2025-11-24	30.29
2025-11-21	29.94
2025-11-20	29.63
2025-11-19	30.27
2025-11-18	30.43
2025-11-17	31.11
2025-11-14	31.25
2025-11-13	30.77
2025-11-12	31.19
2025-11-11	31.77
2025-11-10	31.24
2025-11-07	31.06
2025-11-06	30.58
2025-11-05	32.78
2025-11-04	32.48
2025-11-03	33.36
2025-10-31	32.94
2025-10-30	32.09
2025-10-29	32.10
2025-10-28	32.73
2025-10-27	32.51
2025-10-24	32.61
2025-10-23	32.37
2025-10-22	32.27
2025-10-21	32.32
2025-10-20	32.35
2025-10-17	31.80
2025-10-16	31.69
2025-10-15	31.86
2025-10-14	31.67
2025-10-13	32.09
2025-10-10	31.65
2025-10-09	32.85
2025-10-08	32.96
2025-10-07	32.37
2025-10-06	32.93
2025-10-03	32.70
2025-10-02	32.89
2025-10-01	32.47
2025-09-30	32.05
2025-09-29	32.27
2025-09-26	32.14
2025-09-25	31.72
2025-09-24	31.87
2025-09-23	32.50
2025-09-22	32.40
2025-09-19	32.10
2025-09-18	30.87
2025-09-17	30.60
2025-09-16	30.41
2025-09-15	30.87
2025-09-12	30.37
2025-09-11	30.83
2025-09-10	30.30
2025-09-09	30.43
2025-09-08	30.63
2025-09-05	30.05
2025-09-04	29.14
2025-09-03	29.19
2025-09-02	29.32
2025-08-29	30.02
2025-08-28	30.22
2025-08-27	29.78
2025-08-26	29.60
2025-08-25	29.59
2025-08-22	30.50
2025-08-21	29.64
2025-08-20	30.34
2025-08-19	29.77
2025-08-18	30.78
2025-08-15	30.15
2025-08-14	29.45
2025-08-13	30.24
2025-08-12	29.91
2025-08-11	28.42
2025-08-08	28.36
2025-08-07	28.70
2025-08-06	36.29
2025-08-05	36.15
2025-08-04	37.03
2025-08-01	36.58
2025-07-31	37.53
2025-07-30	38.21
2025-07-29	39.36
2025-07-28	39.41
2025-07-25	39.38
2025-07-24	39.36
2025-07-23	39.47
2025-07-22	39.38
2025-07-21	40.18
2025-07-18	39.61
2025-07-17	39.42
2025-07-16	38.86
2025-07-15	39.42
2025-07-14	38.69

DATE

PRICE/FCF RATIO

2026-07-24

46.47

2026-07-23

46.22

2026-07-22

47.29

2026-07-21

48.22

2026-07-20

48.91

2026-07-17

49.29

2026-07-16

49.04

2026-07-15

50.17

2026-07-14

50.88

2026-07-13

48.99

2026-07-10

48.04

2026-07-09

49.94

2026-07-08

47.79

2026-07-07

48.39

2026-07-06

49.51

2026-07-02

47.65

2026-07-01

48.49

2026-06-30

46.85

2026-06-29

47.40

2026-06-26

46.16

2026-06-25

45.73

2026-06-24

44.31

2026-06-23

45.14

2026-06-22

44.34

2026-06-18

44.14

2026-06-17

43.96

2026-06-16

44.84

2026-06-15

45.59

2026-06-12

44.62

2026-06-11

44.24

2026-06-10

42.36

2026-06-09

42.21

2026-06-08

43.63

2026-06-05

44.13

2026-06-04

45.65

2026-06-03

44.67

2026-06-02

45.40

2026-06-01

44.88

2026-05-29

42.08

2026-05-28

39.56

2026-05-27

39.02

2026-05-26

40.86

2026-05-22

40.85

2026-05-21

39.48

2026-05-20

39.65

2026-05-19

38.93

2026-05-18

38.58

2026-05-15

37.45

2026-05-14

37.17

2026-05-13

35.89

2026-05-12

34.73

2026-05-11

35.21

2026-05-08

34.79

2026-05-07

32.93

2026-05-06

30.23

2026-05-05

30.22

2026-05-04

29.99

2026-05-01

29.00

2026-04-30

28.33

2026-04-29

28.94

2026-04-28

28.81

2026-04-27

28.79

2026-04-24

28.34

2026-04-23

27.81

2026-04-22

29.27

2026-04-21

28.65

2026-04-20

27.76

2026-04-17

27.50

2026-04-16

27.69

2026-04-15

26.76

2026-04-14

26.45

2026-04-13

26.46

2026-04-10

25.78

2026-04-09

27.11

2026-04-08

28.06

2026-04-07

28.13

2026-04-06

27.65

2026-04-02

27.73

2026-04-01

27.27

2026-03-31

27.46

2026-03-30

26.57

2026-03-27

26.28

2026-03-26

27.23

2026-03-25

26.51

2026-03-24

26.66

2026-03-23

27.82

2026-03-20

27.36

2026-03-19

27.93

2026-03-18

28.02

2026-03-17

27.95

2026-03-16

28.39

2026-03-13

28.04

2026-03-12

28.36

2026-03-11

28.05

2026-03-10

28.30

2026-03-09

28.17

2026-03-06

28.12

2026-03-05

28.37

2026-03-04

27.82

2026-03-03

27.25

2026-03-02

26.61

2026-02-27

26.56

2026-02-26

26.62

2026-02-25

25.99

2026-02-24

25.28

2026-02-23

28.71

2026-02-20

30.38

2026-02-19

31.01

2026-02-18

30.64

2026-02-17

31.02

2026-02-13

32.49

2026-02-12

31.99

2026-02-11

33.35

2026-02-10

32.48

2026-02-09

32.63

2026-02-06

31.42

2026-02-05

29.97

2026-02-04

30.80

2026-02-03

30.11

2026-02-02

30.87

2026-01-30

30.86

2026-01-29

30.95

2026-01-28

31.17

2026-01-27

31.03

2026-01-26

31.54

2026-01-23

31.00

2026-01-22

29.47

2026-01-21

28.76

2026-01-20

28.65

2026-01-16

28.62

2026-01-15

28.98

2026-01-14

29.01

2026-01-13

29.74

2026-01-12

29.87

2026-01-09

30.08

2026-01-08

29.64

2026-01-07

30.38

2026-01-06

29.78

2026-01-05

29.59

2026-01-02

29.57

2025-12-31

30.15

2025-12-30

30.49

2025-12-29

30.69

2025-12-26

30.97

2025-12-24

30.82

2025-12-23

30.63

2025-12-22

31.04

2025-12-19

30.47

2025-12-18

30.28

2025-12-17

30.14

2025-12-16

31.31

2025-12-15

30.95

2025-12-12

31.22

2025-12-11

31.31

2025-12-10

30.98

2025-12-09

31.71

2025-12-08

31.72

2025-12-05

33.00

2025-12-04

32.34

2025-12-03

31.42

2025-12-02

31.49

2025-12-01

31.07

2025-11-28

30.81

2025-11-26

30.59

2025-11-25

30.71

2025-11-24

30.29

2025-11-21

29.94

2025-11-20

29.63

2025-11-19

30.27

2025-11-18

30.43

2025-11-17

31.11

2025-11-14

31.25

2025-11-13

30.77

2025-11-12

31.19

2025-11-11

31.77

2025-11-10

31.24

2025-11-07

31.06

2025-11-06

30.58

2025-11-05

32.78

2025-11-04

32.48

2025-11-03

33.36

2025-10-31

32.94

2025-10-30

32.09

2025-10-29

32.10

2025-10-28

32.73

2025-10-27

32.51

2025-10-24

32.61

2025-10-23

32.37

2025-10-22

32.27

2025-10-21

32.32

2025-10-20

32.35

2025-10-17

31.80

2025-10-16

31.69

2025-10-15

31.86

2025-10-14

31.67

2025-10-13

32.09

2025-10-10

31.65

2025-10-09

32.85

2025-10-08

32.96

2025-10-07

32.37

2025-10-06

32.93

2025-10-03

32.70

2025-10-02

32.89

2025-10-01

32.47

2025-09-30

32.05

2025-09-29

32.27

2025-09-26

32.14

2025-09-25

31.72

2025-09-24

31.87

2025-09-23

32.50

2025-09-22

32.40

2025-09-19

32.10

2025-09-18

30.87

2025-09-17

30.60

2025-09-16

30.41

2025-09-15

30.87

2025-09-12

30.37

2025-09-11

30.83

2025-09-10

30.30

2025-09-09

30.43

2025-09-08

30.63

2025-09-05

30.05

2025-09-04

29.14

2025-09-03

29.19

2025-09-02

29.32

2025-08-29

30.02

2025-08-28

30.22

2025-08-27

29.78

2025-08-26

29.60

2025-08-25

29.59

2025-08-22

30.50

2025-08-21

29.64

2025-08-20

30.34

2025-08-19

29.77

2025-08-18

30.78

2025-08-15

30.15

2025-08-14

29.45

2025-08-13

30.24

2025-08-12

29.91

2025-08-11

28.42

2025-08-08

28.36

2025-08-07

28.70

2025-08-06

36.29

2025-08-05

36.15

2025-08-04

37.03

2025-08-01

36.58

2025-07-31

37.53

2025-07-30

38.21

2025-07-29

39.36

2025-07-28

39.41

2025-07-25

39.38

2025-07-24

39.36

2025-07-23

39.47

2025-07-22

39.38

2025-07-21

40.18

2025-07-18

39.61

2025-07-17

39.42

2025-07-16

38.86

2025-07-15

39.42

2025-07-14

38.69

Price/FCF Ratio: 46.47

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FTNT Current vs Average Price/FCF Ratio Chart

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