Is Fortinet (FTNT) overvalued or fairly valued?

MarketChacha shows Fortinet's valuation in context — a forward P/E of about 45.4, a price-to-book of about 115.5 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is the share price of Fortinet (FTNT)?

Fortinet last traded at $155.69 (-1.5% on the day), as of 7/22/2026 — a delayed quote shown for education, not investment advice.

Fortinet

FTNT · NASDAQ · Technology · United States

$155.69-1.5%

Delayed · as reported by Yahoo Finance · as of Jul 22, 2026, 5:37 PM

Snapshot

TickerFTNT

ExchangeNASDAQ

SectorTechnology

IndustrySoftware - Infrastructure

CountryUnited States

Employees15,311

HeadquartersSunnyvale, United States

Market cap$114.1B

P/B115.5

Volume1.82M

Websitewww.fortinet.com

Filings tracked0

About Fortinet

Fortinet, Inc. provides cybersecurity and convergence of networking and security solutions worldwide. The company offers FortiOS, a unified operating system designed to address cybersecurity threats; FortiASIC application-specific integrated circuit (ASIC)-based security processing units; FortiCloud, a private cloud software as a service platform; FortiAI, which provides a dual-layered defense across the Fortinet Security Fabric; FortiEndpoint, which converges secure connectivity, endpoint protection, and capabilities into a single agent; and OT Security, which protect the engineered systems that underpin infrastructure and supply chains. It also provides secure networking solutions that focus on the convergence of networking and security; network firewall solutions comprising FortiGate data centers, hyperscale, and distributed firewalls; wireless local area network solutions; and secure connectivity solutions. In addition, the company offers the Fortinet Unified Secure Access Service Edge solutions that include firewall, software-defined wide-area network, secure web gateway, cloud access services broker, data loss prevention, and zero trust network access; and web application firewalls, cloud network security with virtualized firewalls, cloud-native firewalls, cloud-native application protection, and code security. Further, it provides AI-driven security operation solutions, which include a suite of cybersecurity solutions, as well as FortiEDR, FortiXDR, FortiNDR, FortiSandbox, FortiDeceptor, FortiDLP, and FortiRecon. Additionally, the company offers FortiGuard Labs, a cybersecurity threat intelligence and research organization; FortiGuard and Other Security Services, a suite of AI-powered security capabilities that consists of FortiGuard application, content, device, NOC/SOC, and web security services; and FortiCare technical support services. Fortinet, Inc. was incorporated in 2000 and is headquartered in Sunnyvale, California.

Profile as reported by Yahoo Finance.

Who owns it

Insiders17.4%
Institutions74.2%
Public & other8.4%

2,034 institutional holders

As reported by Yahoo Finance.

Top holders

Blackrock Inc.8.46%
Vanguard Capital Management LLC5.43%
State Street Corporation3.95%
Invesco Ltd.3.49%
Vanguard Portfolio Management LLC3.42%
Geode Capital Management, LLC2.38%
Bank Of New York Mellon Corporation1.82%
First Trust Advisors LP1.57%

Largest institutional holders, as reported by Yahoo Finance (as of 3/31/2026).

What's expected next

Next quarter

Rev $2.0B · EPS 0.76

Est. earnings growth +3.3%

Next fiscal year

Rev $8.6B · EPS 3.43

Est. earnings growth +8.6%

Analyst consensus estimates — not the company's own guidance. As reported by Yahoo Finance.

$70.1252-wk range$170.35

Delayed · as reported by Yahoo Finance

New to these terms?

P/E ROE ROCE Margins Market cap

Browse the Learn hub →

Ask MarketChacha about FTNT

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed · as reported by yahoo finance) are delayed and shown for reference only. Verify with the linked sources before acting.