Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc
NASDAQ:FTNT
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Price: 75.38 USD -1.23% Market Closed
Market Cap: 56.1B 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 75.38 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
85
vs Industry
8
Median 3Y
10.2
Median 5Y
10.7
Industry
2.4
Forward
8.1
vs History
98
vs Industry
14
Median 3Y
41.5
Median 5Y
47.6
Industry
22.3
Forward
27.4
vs History
82
vs Industry
17
Median 3Y
26.2
Median 5Y
27.8
Industry
15.8
vs History
60
vs Industry
16
Median 3Y
30
Median 5Y
29.5
Industry
20.9
vs History
31
vs Industry
1
Median 3Y
64.5
Median 5Y
44.6
Industry
3
vs History
87
vs Industry
9
Median 3Y
9.8
Median 5Y
10.4
Industry
2.4
Forward
7.7
vs History
92
vs Industry
15
Median 3Y
12.2
Median 5Y
13.4
Industry
4.9
vs History
98
vs Industry
13
Median 3Y
35.4
Median 5Y
39.7
Industry
12.2
Forward
21.1
vs History
98
vs Industry
13
Median 3Y
38
Median 5Y
43
Industry
15.9
Forward
22.3
vs History
82
vs Industry
17
Median 3Y
25.2
Median 5Y
26.8
Industry
14.6
vs History
79
vs Industry
14
Median 3Y
28.9
Median 5Y
32.2
Industry
17.3
vs History
98
vs Industry
7
Median 3Y
11.4
Median 5Y
12.6
Industry
2.5

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
56B USD 8.5 29.9 24.6 26.4
US
Microsoft Corp
NASDAQ:MSFT
3.4T USD 11.6 32.6 19.4 25
US
Oracle Corp
NYSE:ORCL
549B USD 9 35.6 23.9 32.7
US
ServiceNow Inc
NYSE:NOW
132.2B USD 10.4 76.4 52.7 73.1
US
Palo Alto Networks Inc
NASDAQ:PANW
128.4B USD 13.4 114.9 76.9 98.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
114.4B USD 25.1 -364.2 -1 987.5 -348.2
US
VMware Inc
XETRA:BZF1
58B EUR 4.9 47.2 21.8 36.7
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 143.8 744.2 269 376.8
US
Zscaler Inc
NASDAQ:ZS
34.1B USD 12 -831.4 12 278.6 -242.3
IL
Cyberark Software Ltd
NASDAQ:CYBR
22.9B USD 17.6 -100.9 -2 087.9 -164.2
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
20.1B USD 7.5 19.9 19.6 21.9
P/E Multiple
Earnings Growth PEG
US
Fortinet Inc
NASDAQ:FTNT
Average P/E: 137.6
29.9
12%
2.5
US
Microsoft Corp
NASDAQ:MSFT
32.6
18%
1.8
US
Oracle Corp
NYSE:ORCL
35.6
36%
1
US
ServiceNow Inc
NYSE:NOW
76.4
-10%
N/A
US
Palo Alto Networks Inc
NASDAQ:PANW
114.9
46%
2.5
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -364.2 N/A N/A
US
V
VMware Inc
XETRA:BZF1
47.2
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
744.2
38%
19.6
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -831.4 N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -100.9 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
19.9
15%
1.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Fortinet Inc
NASDAQ:FTNT
Average EV/EBITDA: 1 420.7
24.6
17%
1.4
US
Microsoft Corp
NASDAQ:MSFT
19.4
20%
1
US
Oracle Corp
NYSE:ORCL
23.9
43%
0.6
US
ServiceNow Inc
NYSE:NOW
52.7
53%
1
US
Palo Alto Networks Inc
NASDAQ:PANW
76.9
41%
1.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -1 987.5
184%
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
12 278.6
N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -2 087.9 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
19.6
11%
1.8
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Fortinet Inc
NASDAQ:FTNT
Average EV/EBIT: 86.3
26.4
17%
1.6
US
Microsoft Corp
NASDAQ:MSFT
25
17%
1.5
US
Oracle Corp
NYSE:ORCL
32.7
38%
0.9
US
ServiceNow Inc
NYSE:NOW
73.1
65%
1.1
US
Palo Alto Networks Inc
NASDAQ:PANW
98.1
50%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -348.2 N/A N/A
US
V
VMware Inc
XETRA:BZF1
36.7
30%
1.2
US
Xperi Holding Corp
LSE:0M2A
376.8
25%
15.1
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -242.3 N/A N/A
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -164.2 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
21.9
13%
1.7