FTNT P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
FTNT's p/e ratio is lower than 65% of the last 10 years.
P/E ratio History
FTNT P/E ratio by year
Yearly range of FTNT’s p/e ratio from 2016 to 2026. Over the full period it ranged from -13,020.0 to 319.9, averaging -135.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 29.6 | 46.4 | 63.2 | 45.2 |
| 2025 | 29.6 | 38.9 | 50.7 | 32.7 |
| 2024 | 32.8 | 42.9 | 50.4 | 41.8 |
| 2023 | 34.2 | 49.2 | 62.1 | 40.4 |
| 2022 | 50.5 | 72.0 | 96.5 | 53.7 |
| 2021 | 46.8 | 80.2 | 111.4 | 99.8 |
| 2020 | 40.5 | 54.0 | 68.4 | 50.4 |
| 2019 | 33.3 | 40.6 | 57.1 | 57.1 |
| 2018 | 37.1 | 178.3 | 319.9 | 37.1 |
| 2017 | 75.7 | 145.9 | 252.0 | 91.0 |
| 2016 | -13,020.0 | -12,236.7 | -11,440.0 | -12,040.0 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is FTNT P/E ratio High or Low Right Now?
Fortinet, Inc.'s P/E ratio is currently 45.2, which is below average relative to its 10-year historical range. The 10-year median P/E ratio for FTNT is approximately 53.6. See all FTNT valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.