P/E ratio for Fortinet (FTNT)
P/E ratio as of March 2023 (TTM): 66.2
According to Fortinet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 66.1609. At the end of 2021 the company had a P/E ratio of 483.
P/E ratio history for Fortinet from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 483 | 92.54% |
| 2020 | 251 | 348.87% |
| 2019 | 55.9 | 55.55% |
| 2018 | 35.9 | -86.02% |
| 2017 | 257 | |
| 2015 | 570 | 178.99% |
| 2014 | 204 | 199.17% |
| 2013 | 68.3 | 36.51% |
| 2012 | 50.0 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Intel INTC | 14.7 | -77.84% | 🇺🇸 USA |
 Cisco CSCO | 18.5 | -72.10% | 🇺🇸 USA |
 F5 Networks FFIV | 27.9 | -57.84% | 🇺🇸 USA |
 HP HPQ | 11.2 | -83.00% | 🇺🇸 USA |
 Juniper Networks
JNPR | 24.4 | -63.15% | 🇺🇸 USA |
 NETGEAR NTGR | -8.09 | -112.23% | 🇺🇸 USA |
 FireEye FEYE | N/A | N/A | 🇺🇸 USA |
 Check Point Software CHKP | 20.4 | -69.24% | 🇮🇱 Israel |
 ADTRAN ADTN | -24.5 | -137.10% | 🇺🇸 USA |
 Palo Alto Networks
PANW | > 1000 | 2,409.79% | 🇺🇸 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.