FTNT.O Relative Valuation
FTNT.O's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, FTNT.O is overvalued; if below, it's undervalued.
Historical Valuation
Fortinet Inc (FTNT.O) is now in the Undervalued zone, suggesting that its current forward PE ratio of 30.64 is considered Undervalued compared with the five-year average of 43.98. The fair price of Fortinet Inc (FTNT.O) is between 105.91 to 162.00 according to relative valuation methord. Compared to the current price of 86.92 USD , Fortinet Inc is Undervalued By 17.93%.
Relative Value
Fair Zone
105.91-162.00
Current Price：86.92
17.93%
Undervalued
30.64
PE
1Y
3Y
5Y
Trailing
Forward
23.78
EV/EBITDA
Fortinet Inc. (FTNT.O) has a current EV/EBITDA of 23.78. The 5-year average EV/EBITDA is 31.35. The thresholds are as follows: Strongly Undervalued below 16.82, Undervalued between 16.82 and 24.09, Fairly Valued between 38.61 and 24.09, Overvalued between 38.61 and 45.88, and Strongly Overvalued above 45.88. The current Forward EV/EBITDA of 23.78 falls within the Undervalued range.
25.15
EV/EBIT
Fortinet Inc. (FTNT.O) has a current EV/EBIT of 25.15. The 5-year average EV/EBIT is 33.95. The thresholds are as follows: Strongly Undervalued below 18.23, Undervalued between 18.23 and 26.09, Fairly Valued between 41.81 and 26.09, Overvalued between 41.81 and 49.67, and Strongly Overvalued above 49.67. The current Forward EV/EBIT of 25.15 falls within the Undervalued range.
8.85
PS
Fortinet Inc. (FTNT.O) has a current PS of 8.85. The 5-year average PS is 9.79. The thresholds are as follows: Strongly Undervalued below 5.81, Undervalued between 5.81 and 7.80, Fairly Valued between 11.78 and 7.80, Overvalued between 11.78 and 13.77, and Strongly Overvalued above 13.77. The current Forward PS of 8.85 falls within the Historic Trend Line -Fairly Valued range.
24.78
P/OCF
Fortinet Inc. (FTNT.O) has a current P/OCF of 24.78. The 5-year average P/OCF is 25.88. The thresholds are as follows: Strongly Undervalued below 15.62, Undervalued between 15.62 and 20.75, Fairly Valued between 31.00 and 20.75, Overvalued between 31.00 and 36.13, and Strongly Overvalued above 36.13. The current Forward P/OCF of 24.78 falls within the Historic Trend Line -Fairly Valued range.
27.76
P/FCF
Fortinet Inc. (FTNT.O) has a current P/FCF of 27.76. The 5-year average P/FCF is 30.29. The thresholds are as follows: Strongly Undervalued below 18.24, Undervalued between 18.24 and 24.26, Fairly Valued between 36.31 and 24.26, Overvalued between 36.31 and 42.34, and Strongly Overvalued above 42.34. The current Forward P/FCF of 27.76 falls within the Historic Trend Line -Fairly Valued range.
Fortinet Inc (FTNT.O) has a current Price-to-Book (P/B) ratio of 87.84. Compared to its 3-year average P/B ratio of 441.71 , the current P/B ratio is approximately -80.11% higher. Relative to its 5-year average P/B ratio of 278.03, the current P/B ratio is about -68.41% higher. Fortinet Inc (FTNT.O) has a Forward Free Cash Flow (FCF) yield of approximately 3.14%. Compared to its 3-year average FCF yield of 3.26%, the current FCF yield is approximately -3.68% lower. Relative to its 5-year average FCF yield of 3.03% , the current FCF yield is about 3.45% lower.
87.84
P/B
Median3y
441.71
Median5y
278.03
3.14
FCF Yield
Median3y
3.26
Median5y
3.03
Competitors Valuation Multiple
The average P/S ratio for FTNT.O's competitors is 11.22, providing a benchmark for relative valuation. Fortinet Inc Corp (FTNT.O) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of %, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of FTNT.O decreased by 8.00% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 1.51B to 1.72B.
The secondary factor is the P/E Change, contributed 0.89%to the performance.
Overall, the performance of FTNT.O in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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