Fortinet (FTNT) Price to Earnings (2011 - 2026)
Fortinet's (FTNT) Price to Earnings was 53.14 for Q2 2026, up 27.3% from 41.73 a year earlier and up 73.2% from the prior quarter.
Powered by 
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 Q2 2026 figure ranks as the highest quarterly Price to Earnings since Q2 2023.
- Year over year, Price to Earnings gained in three of the last eight quarters, with an average decline of 2.2%.
- The high point for year-over-year Price to Earnings in five years was Q3 2021 (growth of 107.1%); the low point was Q4 2022 (a decline of 53.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 30.69 (Q1 2026), 31.83 (Q4 2025) and 33.34 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.64 Bn | 241.72 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 232.35 Bn | 212.75 Bn | 1.10 Bn |
| 3 | Fortinet | 123.26 Bn | 109.19 Bn | 1.64 Bn |
| 4 | Snowflake | 108.15 Bn | 95.47 Bn | 1.04 Bn |
| 5 | Datadog | 88.38 Bn | 70.02 Bn | 881.34 Mn |
| 6 | Zscaler | 32.92 Bn | 19.04 Bn | - |
| 7 | Okta | 32.82 Bn | 22.92 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 32.21 Bn | 26.73 Bn | 546.45 Mn |
| 9 | MongoDB | 27.08 Bn | 17.55 Bn | 569.77 Mn |
| 10 | F5 | 25.16 Bn | 19.57 Bn | 711.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 86.06 |
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();