Fortinet (FTNT) Price to Earnings (2011 - 2026)
Fortinet (FTNT) posted Price to Earnings of 186.21 for Q2 2026, up 65.96% on a QoQ basis from 112.2 in Q1 2026, and up 1.27% year-over-year from 183.87 in Q2 2025.
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Analysis
Fortinet (FTNT) Price to Earnings (2011 - 2026) Analysis & Trends
Fortinet has reported Price to Earnings for 17 years, with the latest figure at 186.21 in Q2 2026.
- On a quarterly basis, Price to Earnings rose 1.27% year-over-year to 186.21 in Q2 2026; TTM through Jun 2026 was 53.16, a 16.21% decrease from a year earlier, with the FY2025 full-year figure at 32.01, down 21.61% from the prior year.
- Price to Earnings was 186.21 for Q2 2026 at Fortinet, up from 112.2 in the prior quarter.
- The five-year high for Price to Earnings was 373.18 in Q1 2022, with the low at 546.91 in Q4 2024.
- Average Price to Earnings over 5 years is 129.57, with a median of 150.23 recorded in 2022.
- The sharpest annual moves came in 2024 and 2025: Price to Earnings slumped 493.41% in 2024, then surged 121.32% in 2025.
- Over 5 years, Price to Earnings stood at 106.43 in 2022, then soared by 30.62% to 139.02 in 2023, then plunged by 493.41% to 546.91 in 2024, then soared by 121.32% to 116.6 in 2025, then surged by 59.7% to 186.21 in 2026.
- The last three Price to Earnings figures came in at 186.21 (Q2 2026), 112.2 (Q1 2026), and 116.6 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 53.16 |
| Mar 31, 2026 | 30.68 |
| Dec 31, 2025 | 32.01 |
| Sep 30, 2025 | 51.85 |
| Jun 30, 2025 | 63.45 |
| Mar 31, 2025 | 60.33 |
| Dec 31, 2024 | 65.26 |
| Sep 30, 2024 | 37.98 |
| Jun 30, 2024 | 34.21 |
| Mar 31, 2024 | 42.52 |
| Dec 31, 2023 | 37.43 |
| Sep 30, 2023 | 37.08 |
| Jun 30, 2023 | 52.19 |
| Mar 31, 2023 | 49.76 |
| Dec 31, 2022 | 41.32 |
| Sep 30, 2022 | 49.82 |
| Jun 30, 2022 | 63.92 |
| Mar 31, 2022 | 83.78 |
| Dec 31, 2021 | 94.78 |
| Sep 30, 2021 | 85.61 |
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();