P/E ratio for Fortinet (FTNT)
P/E ratio as of June 2024 (TTM): 41.0
According to Fortinet's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 40.9728. At the end of 2022 the company had a P/E ratio of 45.3.
P/E ratio history for Fortinet from 2009 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 45.3 | -53.02% |
| 2021 | 96.4 | 92.67% |
| 2020 | 50.0 | -10.53% |
| 2019 | 55.9 | 55.55% |
| 2018 | 35.9 | -86.02% |
| 2017 | 257 | 36.52% |
| 2016 | 188 | -66.99% |
| 2015 | 570 | 178.99% |
| 2014 | 204 | 199.17% |
| 2013 | 68.3 | 36.51% |
| 2012 | 50.0 | -3.62% |
| 2011 | 51.9 | -6.9% |
| 2010 | 55.8 | 121.47% |
| 2009 | 25.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Intel INTC | -76.2 | -285.86% | 🇺🇸 USA |
 Cisco CSCO | 14.7 | -64.05% | 🇺🇸 USA |
 F5 Networks FFIV | 25.4 | -37.89% | 🇺🇸 USA |
 HP HPQ | 15.6 | -61.95% | 🇺🇸 USA |
 Juniper Networks
JNPR | 31.2 | -23.89% | 🇺🇸 USA |
 NETGEAR NTGR | -4.03 | -109.84% | 🇺🇸 USA |
 FireEye FEYE | N/A | N/A | 🇺🇸 USA |
 Check Point Software CHKP | 21.8 | -46.89% | 🇮🇱 Israel |
 ADTRAN ADTN | -5.39 | -113.16% | 🇺🇸 USA |
 Palo Alto Networks
PANW | 222 | 441.79% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.