Fortinet Inc
NASDAQ:FTNT

Watchlist Manager
Fortinet Inc Logo
Fortinet Inc
NASDAQ:FTNT
Watchlist
Price: 102.02 USD 0.38% Market Closed
Market Cap: 78B USD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one FTNT stock under the Base Case scenario is hidden USD. Compared to the current market price of 102.02 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
Show
Worst Case
Base Case
Best Case

Valuation Multiples

12.8
P/S
P/S
Price to Sales
12.8
vs History
25
vs Industry
8
Median 3Y
10.5
Median 5Y
10.6
Industry
2.4
Forward
11.4
More Details
41.8
P/E
P/E
Price to Earnings
41.8
vs History
76
vs Industry
14
Median 3Y
44.7
Median 5Y
50.7
Industry
22.6
Forward
40.7
More Details
34.3
P/OCF
P/OCF
Price to OCF
34.3
vs History
17
vs Industry
17
Median 3Y
27
Median 5Y
27.5
Industry
16.9
More Details
38
P/FCFE
P/FCFE
Price to FCFE
38
vs History
15
vs Industry
16
Median 3Y
31.5
Median 5Y
28.6
Industry
21.1
More Details
40
P/B
P/B
Price to Book Value
40
vs History
52
vs Industry
1
Median 3Y
48.5
Median 5Y
41.1
Industry
2.9
More Details
12.1
EV/S
EV/S
Enterprise Value to Sales
12.1
vs History
28
vs Industry
9
Median 3Y
10.1
Median 5Y
10.2
Industry
2.4
Forward
10.8
More Details
14.8
EV/GP
EV/GP
Enterprise Value to Gross Profit
14.8
vs History
33
vs Industry
15
Median 3Y
13.2
Median 5Y
13.3
Industry
4.9
More Details
35.8
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
35.8
vs History
66
vs Industry
13
Median 3Y
36.7
Median 5Y
40.3
Industry
12.6
Forward
31.2
More Details
38.1
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
38.1
vs History
76
vs Industry
13
Median 3Y
40.1
Median 5Y
45.4
Industry
16.3
Forward
32.9
More Details
32.4
EV/OCF
EV/OCF
Enterprise Value to OCF
32.4
vs History
19
vs Industry
17
Median 3Y
25.9
Median 5Y
26.4
Industry
15.5
More Details
35.9
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
35.9
vs History
31
vs Industry
14
Median 3Y
30.7
Median 5Y
30.7
Industry
18.6
More Details
13.7
EV/IC
EV/IC
Enterprise Value to IC
13.7
vs History
30
vs Industry
7
Median 3Y
12.3
Median 5Y
12.7
Industry
2.4
More Details

Multiples Across Competitors

FTNT Competitors Multiples
Fortinet Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Fortinet Inc
NASDAQ:FTNT
78.5B USD 12.8 41.8 35.8 38.1
US
Microsoft Corp
NASDAQ:MSFT
3.5T USD 13 36.4 23.2 28.7
US
Oracle Corp
NYSE:ORCL
494.4B USD 8.9 40.7 23.8 31.8
US
ServiceNow Inc
NYSE:NOW
207.9B USD 18.1 135.2 97.6 136.7
US
Palo Alto Networks Inc
NASDAQ:PANW
129.4B USD 14.6 104.6 95.6 128.2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
118.2B USD 28.6 -686.2 4 687.3 -558
US
VMware Inc
XETRA:BZF1
58B EUR 4.9 46.8 21.6 36.4
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 143.6 723 258.7 369.6
US
Zscaler Inc
NASDAQ:ZS
46.7B USD 18.3 -1 204 -3 758.4 -364
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
24.1B USD 9.3 28.3 23.5 25.8
IL
Cyberark Software Ltd
NASDAQ:CYBR
19.6B USD 17.8 -223.7 -1 072.3 -216.2
P/E Multiple
Earnings Growth PEG
US
Fortinet Inc
NASDAQ:FTNT
Average P/E: 144.6
41.8
14%
3
US
Microsoft Corp
NASDAQ:MSFT
36.4
15%
2.4
US
Oracle Corp
NYSE:ORCL
40.7
30%
1.4
US
ServiceNow Inc
NYSE:NOW
135.2
52%
2.6
US
Palo Alto Networks Inc
NASDAQ:PANW
104.6
4%
26.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -686.2 N/A N/A
US
V
VMware Inc
XETRA:BZF1
46.8
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
723
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -1 204 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
28.3
17%
1.7
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -223.7 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Fortinet Inc
NASDAQ:FTNT
Average EV/EBITDA: 585.2
35.8
17%
2.1
US
Microsoft Corp
NASDAQ:MSFT
23.2
17%
1.4
US
Oracle Corp
NYSE:ORCL
23.8
24%
1
US
ServiceNow Inc
NYSE:NOW
97.6
53%
1.8
US
Palo Alto Networks Inc
NASDAQ:PANW
95.6
49%
2
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
4 687.3
178%
26.3
US
V
VMware Inc
XETRA:BZF1
21.6
19%
1.1
US
Xperi Holding Corp
LSE:0M2A
258.7
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -3 758.4 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
23.5
12%
2
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -1 072.3 N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Fortinet Inc
NASDAQ:FTNT
Average EV/EBIT: 99.4
38.1
17%
2.2
US
Microsoft Corp
NASDAQ:MSFT
28.7
15%
1.9
US
Oracle Corp
NYSE:ORCL
31.8
28%
1.1
US
ServiceNow Inc
NYSE:NOW
136.7
64%
2.1
US
Palo Alto Networks Inc
NASDAQ:PANW
128.2
60%
2.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -558 N/A N/A
US
V
VMware Inc
XETRA:BZF1
36.4
30%
1.2
US
Xperi Holding Corp
LSE:0M2A
369.6
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -364 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
25.8
15%
1.7
IL
Cyberark Software Ltd
NASDAQ:CYBR
Negative Multiple: -216.2 N/A N/A

See Also

Summary
FTNT intrinsic value, competitors valuation, and company profile.
DCF Valuation
FTNT stock valuation using Discount Cash Flow valuation method.
Relative Valuation
FTNT stock valuation using valuation multiples.
Wall Street Estimates
FTNT price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
FTNT stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
Back to Top
ALPHA SPREAD
Follow us
Join more than 261,100+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.