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Fortinet FTNT Price / book

Price / book at other companies

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Other financials

Income statement

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Revenue$2.0B+25.6%
Gross profit$1.6B+24.9%
Operating income$689.3M+50.5%
Net income$606.3M+37.8%
EPS (diluted)$0.82+43.9%

Balance sheet

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Cash & equivalents$2.9B-12.9%
Total debt$496.9M-54.4%
Total equity$1.6B-24.7%
Total assets$10.9B+2.0%

Cash flow

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Operating cash flow$1.0B+131%
CapEx$78.0M-53.5%
Free cash flow$965.6M+240%

Valuation

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Market cap$118.82B+57.5%
Enterprise value$116.39B+59.1%
P/E56×+17.1×
P/S15.8×+3.9×

Profitability

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Gross margin80.2%-1.1pp
Operating margin32.4%+1.6pp
Net margin28.2%-2.4pp
FCF margin41.4%+9.3pp

Returns & leverage

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Return on equity117.4%-47.7pp
Debt / equity0.3×-0.2×
Current ratio1.3×0.0×

Where this comes from

Calculated from Fortinet’s reported figures.

Based on the most recent quarter.

The source filing: Fortinet’s 8-K, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:08 PM EDT
Accession
0001262039-26-000018

FAQ

What is Fortinet's price / book?
Fortinet (FTNT) reported price / book of 72.6× in Q2 2026.
How has Fortinet's price / book changed year-over-year?
Fortinet's price / book increased by 87.1% year-over-year, from 38.8× to 72.6×.
What is the long-term trend for Fortinet's price / book?
Over 3 years (2020 to 2025), Fortinet's price / book has grown at a 19.0% compound annual growth rate (CAGR), from 28.3× to 47.7×.
What does price / book mean?
Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

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