Fortinet
FTNT
#373
Rank
$52.12 B
Marketcap
$68.31
Share price
1.55%
Change (1 day)
6.29%
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 March 2024 (TTM): 46.5

According to Fortinet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 46.4694. 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
-110-337.63%๐Ÿ‡บ๐Ÿ‡ธ USA
16.2-65.24%๐Ÿ‡บ๐Ÿ‡ธ USA
28.7-38.18%๐Ÿ‡บ๐Ÿ‡ธ USA
12.9-72.18%๐Ÿ‡บ๐Ÿ‡ธ USA
32.5-30.04%๐Ÿ‡บ๐Ÿ‡ธ USA
-4.26-109.17%๐Ÿ‡บ๐Ÿ‡ธ USA
N/AN/A๐Ÿ‡บ๐Ÿ‡ธ USA
22.7-51.25%๐Ÿ‡ฎ๐Ÿ‡ฑ Israel
-5.79-112.45%๐Ÿ‡บ๐Ÿ‡ธ USA
197 324.61%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.