Fortinet Inc
SWB:FO8
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Intrinsic Value
The intrinsic value of 
Fortinet Inc (FO8) under the Base Case is 91.71 EUR per share.
Compared with the current market price of 113 EUR, the stock appears
Overvalued by 19% .
The intrinsic value is the average of valuations using the DCF method and multiples.
Do our valuations actually work? See backtest results .
Cheap or expensive for this stock?
This block shows whether today’s valuation is cheap or expensive compared with the stock’s own history, and what happened after similar valuations in the past.
We compare the gap between the stock’s price and our estimated value over time.
- Undervalued can still be historically expensive. The stock may trade below our estimated value, but usually offer an even bigger discount.
- Overvalued can still be historically cheap. The stock may trade above our estimated value, but usually carry an even higher premium.
Market expectations can differ from our model, which may not fully capture everything affecting the price. That is why some stocks regularly trade above our estimated value and others below it.
The scale and chart show how today’s valuation compares with the past. The cards summarize past returns and waiting times until the stock stopped being cheap or expensive. This can happen because the price changed, our estimated value changed, or both.
Only completed periods are included. These are past results, not forecasts. The usual historical range does not necessarily mean fair value.
Fundamental Analysis
What Fortinet Does
Fortinet sells cybersecurity products that help companies protect their networks, devices, and cloud systems from hackers and malware. Its main products include firewalls, security software, and the Fortinet Security Fabric, which lets customers manage many security tools from one place. The company serves businesses, governments, schools, and other organizations that need to keep data and applications safe.
- Headquarters
- United States of America US
- Employees
- 15 109
- IPO date
- Nov 18, 2009
Fortinet has a wide economic moat
Replacing Fortinet across a company's network can require rebuilding security rules, retraining staff and risking disruption, making a cheaper rival costly to adopt. Its custom security chips also let it handle network traffic with less computing hardware and power, helping it compete on price without giving up profit.
Read the full moat analysis
Revenue & Expenses Breakdown
Fortinet Inc
Earnings Waterfall
Fortinet Inc
What is the Intrinsic Value of one FO8 stock?
The intrinsic value for Fortinet Inc (FO8) under the Base Case is 91.71 EUR.
Is FO8 stock undervalued or overvalued?
Compared with the current market price of 113 EUR, the stock appears Overvalued by 19% .
