Fortinet
FTNT
#416
Rank
$45.18 B
Marketcap
$57.94
Share price
-2.05%
Change (1 day)
-19.15%
Change (1 year)
Fortinet Inc. is an American company that develops and distributes software and provides services in the field of information security, for example: firewalls, antivirus programs, intrusion detection and endpoint security.

P/E ratio for Fortinet (FTNT)

P/E ratio as of June 2024 (TTM): 39.4

According to Fortinet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 39.415. At the end of 2022 the company had a P/E ratio of 45.3.

P/E ratio history for Fortinet from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
202245.3-53.02%
202196.492.67%
202050.0-10.53%
201955.955.55%
201835.9-86.02%
201725736.52%
2016188-66.99%
2015570178.99%
2014204199.17%
201368.336.51%
201250.0-3.62%
201151.9-6.9%
201055.8121.47%
200925.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
-76.6-294.22%๐Ÿ‡บ๐Ÿ‡ธ USA
15.1-61.64%๐Ÿ‡บ๐Ÿ‡ธ USA
25.7-34.75%๐Ÿ‡บ๐Ÿ‡ธ USA
15.5-60.67%๐Ÿ‡บ๐Ÿ‡ธ USA
31.1-21.15%๐Ÿ‡บ๐Ÿ‡ธ USA
-3.91-109.92%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
21.9-44.38%๐Ÿ‡ฎ๐Ÿ‡ฑ Israel
-5.53-114.04%๐Ÿ‡บ๐Ÿ‡ธ USA
216 448.01%๐Ÿ‡บ๐Ÿ‡ธ 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.