Fortinet (FTNT) fundamentals: P/E, valuation, undervalued?
Fortinet · Information Technology · ref. ETF XLK · price $190.76
In short — Fortinet trades at 67.4× earnings (P/E), 50.5× forward, with a net margin of 28.2 % and revenue growth of +26 %. Read: Fairly valued (P/E 50 in line with ~44% growth (PEG 1.2)).
Is Fortinet stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$190.76+129.6% over range
Oct 14, 25low $75.23 · high $194.75Oct 13, 26
📏 Click 2 points (left → right) to measure the change · click again to clear.
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Hold
25% recommend buying · 24 analysts
Valuation : Fairly valued — P/E 50 in line with ~44% growth (PEG 1.2)
Valuation
67.4
P/E (price/earnings)
50.5
Forward P/E
1.54
PEG
90.2
Price/book (P/B)
$140.0B
Market cap
2.83
EPS
Profitability & growth
28.2 %
Net margin
+26 %
Revenue growth
+44 %
Earnings growth
$561M
Total debt
Fortinet income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $4.4B | $857M | 19.4 % |
| 2023 | $5.3B | $1.1B | 21.6 % |
| 2024 | $6.0B | $1.7B | 29.3 % |
| 2025 | $6.8B | $1.9B | 27.3 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is Fortinet's P/E and is the stock undervalued? What's a good P/E?
Fortinet's P/E is 67.4 (forward 50.5). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Fairly valued".
Is Fortinet profitable?
Fortinet has a net margin of 28.2 % (EPS 2.83). The company is profitable.
Is FTNT stock expensive?
Our read: "Fairly valued" — P/E 50 in line with ~44% growth (PEG 1.2). Cross-check with growth and sector.
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