Fortinet (FTNT) Price to Sales (2011 - 2026)
Fortinet's (FTNT) Price to Sales came in at 16.64 for Q3 2026, up 74.6% from 9.53 a year earlier and up 11.1% from the prior quarter.
Powered by 
Analysis
Fortinet (FTNT) Price to Sales (2011 - 2026) Analysis & Trends
For FY2025, Fortinet's Price to Sales stood at 8.68, down 28.7% from FY2024.
- In prior years, Fortinet's Price to Sales was 12.17 in FY2024 (+44.9%), 8.40 in FY2023 (-2.9%), 8.65 in FY2022 (-50.3%) and 17.42 in FY2021 (+87.2%).
- The Q3 2026 figure stands as the highest quarterly Price to Sales since Q4 2021.
- On a year-over-year basis, Price to Sales increased in five of the last eight quarters, with growth averaging 18.5%.
- The strongest year-over-year quarter for Price to Sales in the past five years was Q4 2021, with growth of 87.2%; the weakest was Q4 2022, with a decline of 50.3%.
- According to Business Quant data, Price to Sales for the three prior quarters was 14.97 (Q2 2026), 8.44 (Q1 2026) and 8.68 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 238.89 Bn | 223.97 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 225.16 Bn | 205.56 Bn | 1.10 Bn |
| 3 | Snowflake | 96.05 Bn | 83.37 Bn | 1.04 Bn |
| 4 | Fortinet | 88.79 Bn | 73.05 Bn | 1.64 Bn |
| 5 | Datadog | 63.87 Bn | 44.42 Bn | 959.92 Mn |
| 6 | Zscaler | 32.62 Bn | 18.78 Bn | 689.22 Mn |
| 7 | Okta | 30.31 Bn | 20.41 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 25.44 Bn | 19.96 Bn | 546.45 Mn |
| 9 | MongoDB | 25.43 Bn | 15.90 Bn | 569.77 Mn |
| 10 | Roku | 24.10 Bn | 14.13 Bn | 648.52 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 16.66 |
| Jun 30, 2026 | 14.97 |
| Mar 31, 2026 | 8.44 |
| Dec 31, 2025 | 8.68 |
| Sep 30, 2025 | 9.53 |
| Jun 30, 2025 | 12.77 |
| Mar 31, 2025 | 12.05 |
| Dec 31, 2024 | 12.17 |
| Sep 30, 2024 | 10.40 |
| Jun 30, 2024 | 8.32 |
| Mar 31, 2024 | 9.66 |
| Dec 31, 2023 | 8.40 |
| Sep 30, 2023 | 8.81 |
| Jun 30, 2023 | 11.91 |
| Mar 31, 2023 | 11.03 |
| Dec 31, 2022 | 8.65 |
| Sep 30, 2022 | 9.35 |
| Jun 30, 2022 | 11.69 |
| Mar 31, 2022 | 15.27 |
| Dec 31, 2021 | 17.42 |
API Access
Fortinet Price to Sales 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-sales&ticker=FTNT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=FTNT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();