Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc
NASDAQ:FTNT
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Price: 86.92 USD 2.04% Market Closed
Market Cap: 64.6B USD

Relative Value

The Relative Value of one FTNT stock under the Base Case scenario is hidden USD. Compared to the current market price of 86.92 USD, Fortinet Inc is hidden .

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.

FTNT Relative Value
HIDDEN
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Worst Case
Base Case
Best Case

Valuation Multiples

vs History
65
vs Industry
8
Median 3Y
10.3
Median 5Y
10.7
Industry
2.4
Forward
9.4
vs History
92
vs Industry
14
Median 3Y
41.7
Median 5Y
47.6
Industry
22.4
Forward
31.6
vs History
63
vs Industry
17
Median 3Y
26.4
Median 5Y
27.8
Industry
16.1
vs History
38
vs Industry
16
Median 3Y
31
Median 5Y
29.5
Industry
20.7
vs History
25
vs Industry
1
Median 3Y
55.5
Median 5Y
43.6
Industry
3
vs History
66
vs Industry
9
Median 3Y
9.9
Median 5Y
10.4
Industry
2.4
Forward
9
vs History
73
vs Industry
15
Median 3Y
12.6
Median 5Y
13.4
Industry
4.8
vs History
90
vs Industry
13
Median 3Y
35.5
Median 5Y
39.7
Industry
12.2
Forward
24.5
vs History
90
vs Industry
13
Median 3Y
38
Median 5Y
43
Industry
15.9
Forward
25.9
vs History
63
vs Industry
17
Median 3Y
25.6
Median 5Y
26.8
Industry
14.7
vs History
57
vs Industry
14
Median 3Y
29.8
Median 5Y
32.2
Industry
17
vs History
80
vs Industry
7
Median 3Y
11.6
Median 5Y
12.6
Industry
2.4

Multiples Across Competitors

FTNT 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
NASDAQ:FTNT
64.6B USD 9.9 34.5 28.5 30.6
US
Microsoft Corp
NASDAQ:MSFT
3.6T USD 12.2 34.2 20.3 26.3
US
Oracle Corp
NYSE:ORCL
618.1B USD 10.5 49.7 27.4 37
US
ServiceNow Inc
NYSE:NOW
177.3B USD 14 102.4 71.2 98.8
US
Palo Alto Networks Inc
NASDAQ:PANW
136B USD 14.2 121.7 81.7 104.2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
129.1B USD 28.3 -410.8 -2 251.5 -394.5
US
VMware Inc
XETRA:BZF1
58B EUR 5 47.3 21.8 36.8
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 143.8 744.2 269 376.8
US
Zscaler Inc
NASDAQ:ZS
38.7B USD 13.7 -942.9 14 007.7 -276.4
IL
Cyberark Software Ltd
NASDAQ:CYBR
24.2B USD 18.5 -106.5 -2 204.5 -173.3
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
20.9B USD 7.8 20.7 20.4 22.8
P/E Multiple
Earnings Growth PEG
US
Fortinet Inc
NASDAQ:FTNT
Average P/E: 144.3
34.5
12%
2.9
US
Microsoft Corp
NASDAQ:MSFT
34.2
18%
1.9
US
Oracle Corp
NYSE:ORCL
49.7
37%
1.3
US
ServiceNow Inc
NYSE:NOW
102.4
53%
1.9
US
Palo Alto Networks Inc
NASDAQ:PANW
121.7
46%
2.6
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -410.8 N/A N/A
US
V
VMware Inc
XETRA:BZF1
47.3
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
744.2
38%
19.6
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -942.9 N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -106.5 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
20.7
14%
1.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Fortinet Inc
NASDAQ:FTNT
Average EV/EBITDA: 1 616.5
28.5
17%
1.7
US
Microsoft Corp
NASDAQ:MSFT
20.3
20%
1
US
Oracle Corp
NYSE:ORCL
27.4
41%
0.7
US
ServiceNow Inc
NYSE:NOW
71.2
53%
1.3
US
Palo Alto Networks Inc
NASDAQ:PANW
81.7
41%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -2 251.5
185%
N/A
US
V
VMware Inc
XETRA:BZF1
21.8
19%
1.1
US
Xperi Holding Corp
LSE:0M2A
269
8%
33.6
US
Zscaler Inc
NASDAQ:ZS
14 007.7
N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -2 204.5 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
20.4
11%
1.9
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Fortinet Inc
NASDAQ:FTNT
Average EV/EBIT: 91.7
30.6
17%
1.8
US
Microsoft Corp
NASDAQ:MSFT
26.3
17%
1.5
US
Oracle Corp
NYSE:ORCL
37
37%
1
US
ServiceNow Inc
NYSE:NOW
98.8
65%
1.5
US
Palo Alto Networks Inc
NASDAQ:PANW
104.2
50%
2.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -394.5 N/A N/A
US
V
VMware Inc
XETRA:BZF1
36.8
30%
1.2
US
Xperi Holding Corp
LSE:0M2A
376.8
25%
15.1
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -276.4 N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -173.3 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
22.8
13%
1.8