Fortinet Inc (FTNT) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Fortinet Inc stock (FTNT) is currently trading at $78.89. Fortinet Inc PE ratio is 32.79. Fortinet Inc PS ratio (Price-to-Sales) is 8.68. Analyst consensus price target for FTNT is $89.06. WallStSmart rates FTNT as Hold.
Fortinet Inc (FTNT) stock price prediction for 2030: Base case $94.34. Bull case $117.93. Bear case $70.76. See full FTNT 2030 price forecast and methodology on WallStSmart.
- FTNT PE ratio analysis and historical PE chart
- FTNT PS ratio (Price-to-Sales) history and trend
- FTNT intrinsic value — DCF, Graham Number, EPV models
- FTNT stock price prediction 2025 2026 2027 2028 2029 2030
- FTNT fair value vs current price
- FTNT insider transactions and insider buying
- Is FTNT undervalued or overvalued?
- Fortinet Inc financial analysis — revenue, earnings, cash flow
- FTNT Piotroski F-Score and Altman Z-Score
- FTNT analyst price target and Smart Rating
Fortinet Inc
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FTNT Intrinsic Value Analysis for Value Investors
Benjamin Graham Formula · Fortinet Inc (FTNT)
FTNT trades 434% above its Graham fair value of $16.46, indicating the stock may be overvalued at current levels.
Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.
Smart Analysis
Fortinet Inc (FTNT) · 10 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in market cap, return on equity, operating margin. Concerns around price/sales and price/book. Fundamentals are solid but monitor weak areas for improvement.
Fortinet Inc (FTNT) Key Strengths (5)
Every $100 of shareholder equity generates $136 in profit
Keeps $33 of every $100 in revenue after operating costs
Keeps $27 of every $100 in revenue as net profit
71.59% of shares held by major funds and institutions
Large-cap company with substantial market presence
Fortinet Inc (FTNT) Areas to Watch (5)
Earnings declining -1.10%, profits shrinking
Very expensive at 8.7x annual revenue
Very expensive at 48.7x book value
Paying a premium for growth, expensive relative to earnings expansion
Solid revenue growth at 14.80% per year
Supporting Valuation Data
Fortinet Inc (FTNT) Detailed Analysis Report
Overall Assessment
This company scores 59/100 in our Smart Analysis, earning a C grade. Out of 10 metrics analyzed, 5 register as strengths (avg 9.8/10) while 5 fall into concern territory (avg 2.8/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on Return on Equity, Operating Margin, Profit Margin. Profitability is solid with Return on Equity at 135.70%, Operating Margin at 32.80%, Profit Margin at 27.30%.
The Bear Case
The primary concerns are EPS Growth, Price/Sales, Price/Book. Some valuation metrics including PEG Ratio (2.05), Price/Sales (8.68), Price/Book (48.67) suggest expensive pricing. Growth concerns include Revenue Growth at 14.80%, EPS Growth at -1.10%, which may limit upside.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether EPS Growth improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 135.70% currently healthy but needing to be sustained. Third, growth sustainability, with Revenue Growth at 14.80% needing to reaccelerate.
Risk Considerations
Based on the metric profile, this is a moderate-to-high risk investment. Strengths and concerns are roughly balanced. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Mixed fundamentals with both positives (Return on Equity, Operating Margin) and negatives (EPS Growth, Price/Sales). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
FTNT Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
FTNT's Price-to-Sales ratio of 8.68x trades at a deep discount to its historical average of 35.51x (2th percentile). The current valuation is 92% below its historical high of 113.9x set in Apr 2011, and 9% above its historical low of 7.93x in Jul 2024. Over the past 12 months, the PS ratio has compressed from ~12.6x as trailing revenue scaled faster than the stock price.
Compare FTNT with Competitors
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Data-driven financial summary for Fortinet Inc (FTNT) · TECHNOLOGY › SOFTWARE - INFRASTRUCTURE
The Big Picture
Fortinet Inc is a mature, profitable business with steady cash generation. Revenue reached 6.8B with 15% growth year-over-year. Profit margins are strong at 27.3%, reflecting pricing power and operational efficiency.
Key Findings
ROE of 135.7% means the company generates strong returns on shareholder equity. Above 20% is considered top-tier.
Profit margin of 27.3% and operating margin of 32.8% demonstrate strong pricing power and operational efficiency.
What to Watch Next
Sector dynamics: monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive moves, and regulatory changes that could impact Fortinet Inc.
Bottom Line
Fortinet Inc is a well-established business delivering consistent profitability with 27.3% margins. The growth phase may be slowing, but strong cash generation and operational efficiency make it suitable for investors seeking reliability over excitement.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
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About Fortinet Inc(FTNT)
NASDAQ
TECHNOLOGY
SOFTWARE - INFRASTRUCTURE
USA
Fortinet (Nasdaq: FTNT) is an American multinational corporation headquartered in Sunnyvale, California. It develops and sells cybersecurity solutions, including but not limited to physical products such as firewalls, plus software and services such as anti-virus protection, intrusion prevention systems and endpoint security components.