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Fortinet FTNT

US equityMarket cap rank #117Software - InfrastructureCybersecurity
$179.66
+$0.92 (+0.51%)
Market open · Sep 24, 1:10 pm ET
After hours $178.96 +0.12%
Open$178.70
Prev close$178.74
Day range$176.78 – $181.36
Volume1.71M
Market cap$131.82B
P/E (TTM)63.5
Dividend yield

Valuation

Multiples measured against the stock's own five-year history

Price / earnings60.7x
CheapRich

Above its usual level · 73rd percentile, 5-year average 54.3x

#2619 of 2974 stocks by PE (1 = cheapest)

Price / book81.3x
CheapRich

Above its usual level · 64th percentile, 5-year average 282.4x

#5256 of 5300 stocks by PB (1 = cheapest)

Price / sales16.7x
CheapRich

Near the top of its 5-year range · 95th percentile, 5-year average 11.7x

#4616 of 5139 stocks by PS (1 = cheapest)

P/E over five years

23x54x84x115xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$143.00
Price vs. fair value+25.6%Trading above the estimate
Star rating★★★☆☆
Economic moatWide
UncertaintyVery High
MultipleCurrent5y averagePercentile vs. own historyIndustry rank
PB 81.25 282.42 64% (pricier than usual) #5256 of 5300 (1 = cheapest)
PE 60.70 54.30 73% (pricier than usual) #2619 of 2974 (1 = cheapest)
PS 16.74 11.67 95% (pricier than usual) #4616 of 5139 (1 = cheapest)

Percentile is against this stock’s own 5-year valuation range: higher means it’s trading rich relative to its own history, lower means cheap relative to its own history — it is not a comparison against other companies.

Morningstar view

Star rating★★★
Fair value estimate$143.00
Economic moatWide
UncertaintyVery High
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