Fortinet (FTNT) Price to Earnings (2011 - 2026)
Fortinet's (FTNT) Price to Earnings was 57.46 for Q3 2026, up 72.3% from 33.34 a year earlier and up 8.1% from the prior quarter.
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Analysis
Fortinet (FTNT) Price to Earnings (2011 - 2026) Analysis & Trends
For FY2025, Price to Earnings at Fortinet was 31.83, down 23.3% from FY2024.
- By year, Price to Earnings came in at 41.52 in FY2024 (+7.0%), 38.81 in FY2023 (-12.9%), 44.57 in FY2022 (-53.6%) and 95.95 in FY2021 (+94.2%).
- The Q3 2026 figure ranks as the highest quarterly Price to Earnings since Q2 2022.
- Year over year, Price to Earnings gained in four of the last eight quarters, with growth averaging 7.1%.
- The high point for year-over-year Price to Earnings in five years was Q4 2021 (growth of 94.2%); the low point was Q4 2022 (a decline of 53.6%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 53.14 (Q2 2026), 30.69 (Q1 2026) and 31.83 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn |
| 10 | Roku | 23.89 Bn | 13.92 Bn | 648.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 57.54 |
| Jun 30, 2026 | 53.14 |
| Mar 31, 2026 | 30.69 |
| Dec 31, 2025 | 31.83 |
| Sep 30, 2025 | 33.34 |
| Jun 30, 2025 | 41.73 |
| Mar 31, 2025 | 39.40 |
| Dec 31, 2024 | 41.52 |
| Sep 30, 2024 | 38.81 |
| Jun 30, 2024 | 35.08 |
| Mar 31, 2024 | 43.47 |
| Dec 31, 2023 | 38.81 |
| Sep 30, 2023 | 39.59 |
| Jun 30, 2023 | 56.05 |
| Mar 31, 2023 | 53.93 |
| Dec 31, 2022 | 44.57 |
| Sep 30, 2022 | 51.62 |
| Jun 30, 2022 | 66.18 |
| Mar 31, 2022 | 85.87 |
| Dec 31, 2021 | 95.95 |
API Access
Fortinet Price to Earnings 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-earnings&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();