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Fortinet Inc
NASDAQ:FTNT

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Fortinet Inc
NASDAQ:FTNT
Watchlist
Price: 68.31 USD 1.55% Market Closed
Updated: Mar 29, 2024

Relative Value

The Relative Value of one FTNT stock under the Base Case scenario is 73.09 USD. Compared to the current market price of 68.31 USD, Fortinet Inc is Undervalued by 7%.

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
Base Case
73.09 USD
Undervaluation 7%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
46
vs Industry
13
Median 3Y
11.2
Median 5Y
9.6
Industry
2.4
Forward
8.9
vs History
63
vs Industry
15
Median 3Y
57.9
Median 5Y
52.8
Industry
24.9
Forward
39.4
vs History
33
vs Industry
22
Median 3Y
27.8
Median 5Y
24.5
Industry
17.6
vs History
38
vs Industry
20
Median 3Y
32.8
Median 5Y
28.6
Industry
22
vs History
vs Industry
0
Median 3Y
42.3
Median 5Y
28.2
Industry
2.9
vs History
46
vs Industry
13
Median 3Y
10.6
Median 5Y
9.2
Industry
2.4
Forward
8.6
vs History
46
vs Industry
19
Median 3Y
14
Median 5Y
12.2
Industry
5.1
vs History
66
vs Industry
13
Median 3Y
46.1
Median 5Y
42.1
Industry
13.5
Forward
29.7
vs History
77
vs Industry
13
Median 3Y
51.9
Median 5Y
48.7
Industry
17.2
Forward
32.4
vs History
33
vs Industry
21
Median 3Y
26.8
Median 5Y
23.6
Industry
16.3
vs History
38
vs Industry
20
Median 3Y
32.2
Median 5Y
27.1
Industry
19.4
vs History
53
vs Industry
10
Median 3Y
13.3
Median 5Y
11.4
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
52.5B USD 9.9 45.7 37.8 41.3
US
Microsoft Corp
NASDAQ:MSFT
3.1T USD 13.7 37.9 26.6 31.2
US
Oracle Corp
NYSE:ORCL
345.1B USD 6.6 32.4 19.3 26.9
US
ServiceNow Inc
NYSE:NOW
156.1B USD 17.4 90.2 115.3 200.4
US
Palo Alto Networks Inc
NASDAQ:PANW
91.7B USD 12.2 40.3 83.9 113.5
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
77B USD 25.2 861.9 477.7 7 291.4
US
VMware Inc
NYSE:VMW
61.5B USD 4.5 43.1 20 33.7
US
Zscaler Inc
NASDAQ:ZS
28.8B USD 15.2 -208.1 -229.9 -143.5
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
19.2B USD 7.9 22.8 18.7 19.6
US
NortonLifeLock Inc
NASDAQ:NLOK
14.5B USD 4.3 10.7 14.3 17.9
US
Gen Digital Inc
NASDAQ:GEN
14.3B USD 3.8 10.2 14 20.2

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