P/E ratio for Fortinet (FTNT)

P/E ratio history for Fortinet from 2009 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Juniper Networks JNPR	31.6	-59.28%	🇺🇸 USA
F5 Networks FFIV	46.2	-40.60%	🇺🇸 USA
Check Point Software CHKP	30.3	-61.06%	🇮🇱 Israel
HP HPQ	14.9	-80.89%	🇺🇸 USA
NETGEAR NTGR	-7.31	-109.40%	🇺🇸 USA
Cisco CSCO	20.9	-73.06%	🇺🇸 USA
Palo Alto Networks PANW	138	77.70%	🇺🇸 USA
Intel INTC	-65.2	-183.95%	🇺🇸 USA
FireEye FEYE	N/A	N/A	🇺🇸 USA
ADTRAN ADTN	-12.3	-115.79%	🇺🇸 USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.