FTNT P/B: current value, 10-year range and year-by-year history
Cash & Leverage
FTNT's p/b is higher than 65% of the last 10 years.
P/B History
FTNT P/B by year
Yearly range of FTNT’s p/b from 2016 to 2026. Over the full period it ranged from -399.7 to 5,225.8, averaging 150.9.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 45.5 | 69.8 | 116.6 | 57.5 |
| 2025 | 28.0 | 53.4 | 91.7 | 48.0 |
| 2024 | -399.7 | -49.1 | 206.9 | 49.0 |
| 2023 | -185.0 | 1,323.0 | 5,225.8 | 625.0 |
| 2022 | -134.2 | 21.0 | 244.1 | -62.7 |
| 2021 | 26.7 | 40.8 | 75.2 | 75.2 |
| 2020 | 9.9 | 30.9 | 47.3 | 28.7 |
| 2019 | 11.0 | 13.4 | 16.0 | 13.9 |
| 2018 | 12.3 | 15.2 | 20.5 | 12.3 |
| 2017 | 6.4 | 7.7 | 8.9 | 8.7 |
| 2016 | 6.2 | 6.6 | 7.0 | 6.5 |
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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.
Price / Book Value Per ShareMost useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.
- Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
- Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.
Is FTNT P/B High or Low Right Now?
Fortinet, Inc.'s P/B is currently 57.5, which is above average relative to its 10-year historical range. The 10-year median P/B for FTNT is approximately 25.9. See all FTNT valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.