Fortinet Valuation
Is FTNT * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
3/6Valuation Score 3/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of FTNT * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FTNT * (MX$1504.71) is trading below our estimate of fair value (MX$1891.21)
Significantly Below Fair Value: FTNT * is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FTNT *?
Other financial metrics that can be useful for relative valuation.
What is FTNT *'s n/a Ratio? | |
---|---|
n/a | 0x |
n/a | n/a |
Market Cap | US$59.06b |
Key Statistics | |
---|---|
Enterprise Value/Revenue | 10.3x |
Enterprise Value/EBITDA | 36.4x |
PEG Ratio | 3.7x |
Price to Earnings Ratio vs Peers
How does FTNT *'s PE Ratio compare to its peers?
Company | Forward PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 63.5x | ||
PANW Palo Alto Networks | 42.4x | -2.5% | US$110.3b |
NOW ServiceNow | 158.4x | 22.4% | US$182.2b |
CHKP Check Point Software Technologies | 25.4x | 5.1% | US$21.4b |
GEN Gen Digital | 27.7x | 14.4% | US$16.7b |
FTNT * Fortinet | 45.1x | 12.4% | Mex$59.1b |
Price-To-Earnings vs Peers: FTNT * is good value based on its Price-To-Earnings Ratio (45.1x) compared to the peer average (63.5x).
Price to Earnings Ratio vs Industry
How does FTNT *'s PE Ratio compare vs other companies in the Global Software Industry?
Price-To-Earnings vs Industry: FTNT * is expensive based on its Price-To-Earnings Ratio (45.1x) compared to the Global Software industry average (31x).
Price to Earnings Ratio vs Fair Ratio
What is FTNT *'s PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 45.1x |
Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FTNT *'s Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
---|---|---|---|---|---|---|---|
Current | Mex$1,504.71 | Mex$1,425.81 -5.2% | 9.2% | Mex$1,742.74 | Mex$1,198.69 | n/a | 36 |
Sep ’25 | Mex$1,511.00 | Mex$1,407.43 -6.9% | 9.7% | Mex$1,742.60 | Mex$1,140.59 | n/a | 36 |
Aug ’25 | Mex$1,066.00 | Mex$1,326.51 +24.4% | 12.6% | Mex$1,690.23 | Mex$862.56 | n/a | 36 |
Jul ’25 | Mex$1,098.00 | Mex$1,305.66 +18.9% | 11.5% | Mex$1,633.88 | Mex$978.80 | n/a | 37 |
Jun ’25 | Mex$998.00 | Mex$1,214.23 +21.7% | 11.5% | Mex$1,523.56 | Mex$912.71 | n/a | 36 |
May ’25 | Mex$1,092.53 | Mex$1,301.14 +19.1% | 10.7% | Mex$1,537.62 | Mex$940.07 | n/a | 37 |
Apr ’25 | Mex$1,089.05 | Mex$1,283.16 +17.8% | 10.3% | Mex$1,518.92 | Mex$930.09 | n/a | 36 |
Mar ’25 | Mex$1,214.99 | Mex$1,291.74 +6.3% | 10.5% | Mex$1,534.68 | Mex$939.74 | n/a | 36 |
Feb ’25 | Mex$1,125.00 | Mex$1,075.26 -4.4% | 10.8% | Mex$1,325.07 | Mex$843.23 | n/a | 36 |
Jan ’25 | Mex$992.50 | Mex$976.69 -1.6% | 9.1% | Mex$1,192.58 | Mex$843.24 | n/a | 35 |
Dec ’24 | Mex$892.66 | Mex$984.32 +10.3% | 9.8% | Mex$1,203.30 | Mex$850.82 | n/a | 34 |
Nov ’24 | Mex$1,015.00 | Mex$1,296.91 +27.8% | 9.8% | Mex$1,715.08 | Mex$1,083.21 | n/a | 35 |
Oct ’24 | Mex$1,031.00 | Mex$1,316.79 +27.7% | 9.7% | Mex$1,667.74 | Mex$1,141.09 | n/a | 34 |
Sep ’24 | Mex$1,043.00 | Mex$1,261.18 +20.9% | 10.0% | Mex$1,592.19 | Mex$1,089.39 | Mex$1,511.00 | 32 |
Aug ’24 | Mex$1,280.00 | Mex$1,362.50 +6.4% | 11.3% | Mex$1,601.82 | Mex$1,095.98 | Mex$1,066.00 | 31 |
Jul ’24 | Mex$1,297.00 | Mex$1,287.75 -0.7% | 7.6% | Mex$1,535.07 | Mex$1,108.66 | Mex$1,098.00 | 30 |
Jun ’24 | Mex$1,212.40 | Mex$1,315.96 +8.5% | 7.9% | Mex$1,581.97 | Mex$1,124.95 | Mex$998.00 | 30 |
May ’24 | Mex$1,136.00 | Mex$1,308.21 +15.2% | 8.3% | Mex$1,523.93 | Mex$1,129.50 | Mex$1,092.53 | 31 |
Apr ’24 | Mex$1,191.00 | Mex$1,302.35 +9.3% | 9.0% | Mex$1,564.84 | Mex$1,012.54 | Mex$1,089.05 | 31 |
Mar ’24 | Mex$1,063.00 | Mex$1,302.35 +22.5% | 9.0% | Mex$1,564.84 | Mex$1,012.54 | Mex$1,214.99 | 31 |
Feb ’24 | Mex$980.00 | Mex$1,200.63 +22.5% | 11.0% | Mex$1,582.79 | Mex$986.91 | Mex$1,125.00 | 31 |
Jan ’24 | Mex$952.84 | Mex$1,290.35 +35.4% | 10.6% | Mex$1,662.82 | Mex$1,056.38 | Mex$992.50 | 30 |
Dec ’23 | Mex$1,049.00 | Mex$1,270.69 +21.1% | 10.5% | Mex$1,641.64 | Mex$1,042.92 | Mex$892.66 | 30 |
Nov ’23 | Mex$1,120.00 | Mex$1,421.93 +27.0% | 8.3% | Mex$1,709.11 | Mex$1,206.43 | Mex$1,015.00 | 29 |
Oct ’23 | Mex$996.00 | Mex$1,431.69 +43.7% | 8.4% | Mex$1,706.87 | Mex$1,204.85 | Mex$1,031.00 | 27 |
Sep ’23 | Mex$975.00 | Mex$1,421.45 +45.8% | 8.7% | Mex$1,690.34 | Mex$1,193.18 | Mex$1,043.00 | 23 |
Analyst Forecast: Target price is lower than the current share price.