P/E ratio for Fortinet (FTNT)

P/E ratio history for Fortinet from 2009 to 2023

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Juniper Networks JNPR	33.8	-48.83%	🇺🇸 USA
F5 Networks FFIV	40.6	-38.65%	🇺🇸 USA
Check Point Software CHKP	26.7	-59.69%	🇮🇱 Israel
HP HPQ	14.1	-78.69%	🇺🇸 USA
NETGEAR NTGR	-7.46	-111.28%	🇺🇸 USA
Cisco CSCO	19.8	-70.13%	🇺🇸 USA
Palo Alto Networks PANW	127	92.73%	🇺🇸 USA
Intel INTC	-54.4	-182.31%	🇺🇸 USA
FireEye FEYE	N/A	N/A	🇺🇸 USA
ADTRAN ADTN	-11.1	-116.82%	🇺🇸 USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.