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Fortinet FTNT PEG ratio

PEG ratio at other companies

Microsoft logo
MicrosoftMSFT
0.7×-1.6×
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
1.4×
F5, Inc. logo
F5, Inc.FFIV
1.7×+0.6×
Akamai Technologies logo
Akamai TechnologiesAKAM
13.7×
Fortive logo
FortiveFTV
4.2×+2.6×
Motorola Solutions, Inc. logo
Motorola Solutions, Inc.MSI
16×+15.2×

Other financials

Income statement

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Revenue$1.8B+20.1%
Gross profit$1.5B+19.1%
Operating income$580.0M+27.8%
Net income$534.5M+23.3%
EPS (diluted)$0.72+28.6%

Balance sheet

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Cash & equivalents$2.2B-38.2%
Total debt$567.2M-47.3%
Total equity$989.7M-49.6%
Total assets$9.9B-5.0%

Cash flow

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Operating cash flow$1.1B+24.8%
CapEx$70.6M+6.2%
Free cash flow$1.0B+26.3%

Valuation

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Market cap$106.04B-18.3%
Enterprise value$104.38B-17.7%
P/E54.3×-14.8×
P/S14.9×-6.2×

Profitability

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Gross margin80.3%-1.0pp
Operating margin31.1%-0.4pp
Net margin27.5%-3.1pp

Returns & leverage

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Return on equity132.4%
Debt / equity0.6×0.0×
Current ratio1.2×-0.2×

Where this comes from

Calculated from Fortinet’s reported figures.

Based on the most recent quarter.

The official record: Fortinet’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fortinet's PEG ratio?
Fortinet (FTNT) reported PEG ratio of 7.7× in Q1 2026.
How has Fortinet's PEG ratio changed year-over-year?
Fortinet's PEG ratio increased by 1012.8% year-over-year, from 0.7× to 7.7×.
What is the long-term trend for Fortinet's PEG ratio?
Over 4 years (2021 to 2025), Fortinet's PEG ratio has grown at a -11.4% compound annual growth rate (CAGR), from 13.3× to 8.2×.
What does PEG ratio mean?
The P/E ratio adjusted for how fast earnings are growing.
How do you interpret PEG ratio?
Around 1.0 is often cited as fairly valued for the growth on offer; below 1.0 can flag a growth bargain. Highly sensitive to the growth input and meaningless when growth is zero or negative.
How does PEG ratio compare across companies?
A rough cross-company growth-adjusted screen; treat as directional given its sensitivity to the (trailing) growth basis.