Fortinet (FTNT) - P/B ratio

P/B ratio as of September 2024 : 198

According to Fortinet's latest financial reports the company has a price-to-book ratio of 198.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Fortinet - P/B ratio (from 2009 to 2024)

P/B ratio by year

Year	P/B ratio	Change
2024-12-31	N/A	-100%
2023-12-31	-97.0	-28.49%
2022-12-31	-136	-284.29%
2021-12-31	73.6	161.29%
2020-12-31	28.2	106.28%
2019-12-31	13.7	15.35%
2018-12-31	11.8	-8.16%
2017-12-31	12.9	107.18%
2016-12-31	6.22	-12.03%
2015-12-31	7.07	-6.32%
2014-12-31	7.55	43.1%
2013-12-31	5.28	-20.03%
2012-12-31	6.60	-29.63%
2011-12-31	9.37	-9.44%
2010-12-31	10.4	25.61%
2009-12-31	8.24
2008-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	differencediff.	Country
Juniper Networks JNPR	2.81	-98.58%	🇺🇸 USA
F5 Networks FFIV	3.86	-98.05%	🇺🇸 USA
Check Point Software CHKP	7.38	-96.28%	🇮🇱 Israel
HP HPQ	-35.8	-118.03%	🇺🇸 USA
NETGEAR NTGR	0.8833	-99.55%	🇺🇸 USA
Cisco CSCO	4.26	-97.85%	🇺🇸 USA
Palo Alto Networks PANW	24.4	-87.70%	🇺🇸 USA
Intel INTC	0.6712	-99.66%	🇺🇸 USA
ADTRAN ADTN	0.6099	-99.69%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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