Fortinet (FTNT) Price to Book (2010 - 2026)
Fortinet's (FTNT) Price to Book stood at 72.66 in Q2 2026, up 85.0% from 39.28 a year earlier and up 19.9% from the prior quarter.
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Analysis
Fortinet (FTNT) Price to Book (2010 - 2026) Analysis & Trends
For FY2025, Fortinet's Price to Book came in at 47.68, down 1.7% from FY2024.
- Across earlier years, Price to Book came in at 48.51 in FY2024 and 72.92 in FY2021 (+158.6%).
- Quarterly Price to Book has ranged from 37.72 in Q1 2025 to 4572.91 in Q1 2023 over the past five years.
- On a year-over-year basis, Price to Book rose in three of the last six quarters, with growth averaging 1.5%.
- Peak year-over-year performance for Price to Book in the last five years was growth of 665.2% in Q1 2022, against a decline of 89.4% in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 60.61 (Q1 2026), 47.68 (Q4 2025) and 84.97 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 261.23 Bn | 246.30 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 233.89 Bn | 214.29 Bn | 1.10 Bn |
| 3 | Fortinet | 125.38 Bn | 111.31 Bn | 1.64 Bn |
| 4 | Snowflake | 108.45 Bn | 95.77 Bn | 1.04 Bn |
| 5 | Datadog | 88.65 Bn | 70.29 Bn | 881.34 Mn |
| 6 | Zscaler | 33.05 Bn | 19.16 Bn | - |
| 7 | Okta | 32.99 Bn | 23.09 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.35 Bn | 26.87 Bn | 546.45 Mn |
| 9 | MongoDB | 27.25 Bn | 17.72 Bn | 569.77 Mn |
| 10 | F5 | 25.14 Bn | 19.55 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 72.66 |
| Mar 31, 2026 | 60.61 |
| Dec 31, 2025 | 47.68 |
| Sep 30, 2025 | 84.97 |
| Jun 30, 2025 | 39.28 |
| Mar 31, 2025 | 37.72 |
| Dec 31, 2024 | 48.51 |
| Sep 30, 2024 | 65.39 |
| Jun 30, 2024 | 159.81 |
| Sep 30, 2023 | 614.75 |
| Jun 30, 2023 | 184.88 |
| Mar 31, 2023 | 4,572.91 |
| Mar 31, 2022 | 234.92 |
| Dec 31, 2021 | 72.92 |
| Sep 30, 2021 | 42.02 |
| Jun 30, 2021 | 37.04 |
| Mar 31, 2021 | 30.70 |
| Dec 31, 2020 | 28.20 |
| Sep 30, 2020 | 26.81 |
| Jun 30, 2020 | 39.19 |
API Access
Fortinet Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "FTNT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();