Fortinet (FTNT) - P/B ratio

P/B ratio as of January 2026 : 80.6

According to Fortinet's latest financial reports the company has a price-to-book ratio of 9.04013.
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 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	85.0	72.46%
2024-12-31	49.3	-150.83%
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	P/B ratio differencediff.	Country
Juniper Networks JNPR	2.77	-96.57%	🇺🇸 USA
F5 FFIV	4.45	-94.47%	🇺🇸 USA
Check Point Software CHKP	6.60	-91.81%	🇮🇱 Israel
HP HPQ	-56.1	-169.57%	🇺🇸 USA
NETGEAR NTGR	1.29	-98.40%	🇺🇸 USA
Cisco CSCO	6.37	-92.09%	🇺🇸 USA
Palo Alto Networks PANW	15.3	-80.98%	🇺🇸 USA
Intel INTC	2.01	-97.51%	🇺🇸 USA
ADTRAN ADTN	1.37	-98.30%	🇺🇸 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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