Fortinet Inc
LSE:0IR9

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Fortinet Inc
LSE:0IR9
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Price: 80.93 USD Market Closed
Market Cap: $1.4T

Relative Value

The Relative Value of one 0IR9 stock under the Base Case scenario is 88.33 USD. Compared to the current market price of 80.93 USD, Fortinet Inc is Undervalued by 8%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

0IR9 Relative Value
Base Case
88.33 USD
Undervaluation 8%
Relative Value
Price
Worst Case
Base Case
Best Case

Multiples Across Competitors

0IR9 Competitors Multiples
Fortinet Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Fortinet Inc
LSE:0IR9
60.3B USD 9.2 32.2 26.6 28.5
US
Microsoft Corp
NASDAQ:MSFT
3.2T USD 10.4 26.7 17.7 22.3
US
Oracle Corp
NYSE:ORCL
473.4B USD 7.8 30.7 21 28.8
US
Palo Alto Networks Inc
NASDAQ:PANW
120.8B USD 12.6 108.1 72.2 92.1
US
ServiceNow Inc
NYSE:NOW
119.8B USD 9 68.5 44.7 62.7
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
111B USD 24.3 -353.4 -1 926.3 -337.5
US
VMware Inc
XETRA:BZF1
58B EUR 5 47.8 25.9 43.7
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 143.8 744.2 269 376.8
US
Zscaler Inc
NASDAQ:ZS
31.9B USD 11.3 -777 11 435.2 -225.6
IL
Cyberark Software Ltd
NASDAQ:CYBR
21.7B USD 16.7 -95.6 -1 977.4 -155.5
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
19.4B USD 7.2 19.2 18.8 21.1
P/E Multiple
Earnings Growth PEG
US
Fortinet Inc
LSE:0IR9
Average P/E: 134.7
32.2
12%
2.7
US
Microsoft Corp
NASDAQ:MSFT
26.7
18%
1.5
US
Oracle Corp
NYSE:ORCL
30.7
36%
0.9
US
Palo Alto Networks Inc
NASDAQ:PANW
108.1
46%
2.4
US
ServiceNow Inc
NYSE:NOW
68.5
48%
1.4
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -353.4 N/A N/A
US
V
VMware Inc
XETRA:BZF1
47.8
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
744.2
38%
19.6
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -777 N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -95.6 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
19.2
15%
1.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Fortinet Inc
LSE:0IR9
Average EV/EBITDA: 1 325.7
26.6
17%
1.6
US
Microsoft Corp
NASDAQ:MSFT
17.7
19%
0.9
US
Oracle Corp
NYSE:ORCL
21
44%
0.5
US
Palo Alto Networks Inc
NASDAQ:PANW
72.2
41%
1.8
US
ServiceNow Inc
NYSE:NOW
44.7
43%
1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -1 926.3
185%
N/A
US
V
VMware Inc
XETRA:BZF1
25.9
19%
1.4
US
Xperi Holding Corp
LSE:0M2A
269
8%
33.6
US
Zscaler Inc
NASDAQ:ZS
11 435.2
N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -1 977.4 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
18.8
11%
1.7
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Fortinet Inc
LSE:0IR9
Average EV/EBIT: 84.5
28.5
17%
1.7
US
Microsoft Corp
NASDAQ:MSFT
22.3
17%
1.3
US
Oracle Corp
NYSE:ORCL
28.8
38%
0.8
US
Palo Alto Networks Inc
NASDAQ:PANW
92.1
50%
1.8
US
ServiceNow Inc
NYSE:NOW
62.7
59%
1.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -337.5 N/A N/A
US
V
VMware Inc
XETRA:BZF1
43.7
30%
1.5
US
Xperi Holding Corp
LSE:0M2A
376.8
25%
15.1
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -225.6 N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -155.5 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
21.1
13%
1.6