Fortinet, Inc. (FTNT) Valuation

Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)

Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its re...

Fortinet, Inc. (FTNT) currently trades at a P/E ratio of 64.29 (historical range: 29.15–64.29, median: 41.73), placing it at the 100th percentile — expensive relative to its history, P/S ratio of 17.67 (range: 8.01–17.67, 100th percentile — expensive relative to its history), EV/EBITDA of 211.82 (range: 26.11–211.82, 100th percentile).

Fortinet, Inc. appears overvalued relative to its own historical valuation range, trading at elevated multiples across most metrics.

Historical Valuation Metrics

MetricCurrentMinMedianMaxPercentileAssessment
P/E Ratio64.2929.1541.7364.29100thexpensive relative to its history
P/S Ratio17.678.0112.0617.67100thexpensive relative to its history
EV/EBITDA211.8226.1160.01211.82100thexpensive relative to its history
FCF Yield0.010.010.020.040thexpensive relative to its history
Current Price: $162.72
Market Cap: $119.4B
Sector: Technology