Price to Earnings (P/E)
since 2009
Calculation
Fortinet Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income attributable to Fortinet, Inc.1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2023 | 53.83 | = | 58.86 | ÷ | 1.09 | 1.09 | = | 857,300 | ÷ | 784,066,289 | |
| Feb 25, 2022 | 86.12 | = | 64.99 | ÷ | 0.75 | 0.75 | = | 606,800 | ÷ | 804,077,230 | |
| Feb 19, 2021 | 57.44 | = | 34.39 | ÷ | 0.60 | 0.60 | = | 488,500 | ÷ | 815,954,595 | |
| Feb 26, 2020 | 56.14 | = | 21.25 | ÷ | 0.38 | 0.38 | = | 326,500 | ÷ | 862,573,610 | |
| Feb 27, 2019 | 45.15 | = | 17.58 | ÷ | 0.39 | 0.39 | = | 332,200 | ÷ | 853,168,355 | |
| Feb 26, 2018 | 269.17 | = | 10.06 | ÷ | 0.04 | 0.04 | = | 31,399 | ÷ | 840,120,815 | |
| Mar 1, 2017 | 203.17 | = | 7.46 | ÷ | 0.04 | 0.04 | = | 32,187 | ÷ | 876,600,115 | |
| Feb 26, 2016 | 603.74 | = | 5.62 | ÷ | 0.01 | 0.01 | = | 7,987 | ÷ | 858,018,055 | |
| Mar 2, 2015 | 227.22 | = | 6.82 | ÷ | 0.03 | 0.03 | = | 25,343 | ÷ | 844,327,300 | |
| Mar 3, 2014 | 83.68 | = | 4.55 | ÷ | 0.05 | 0.05 | = | 44,273 | ÷ | 814,266,565 | |
| Feb 27, 2013 | 59.97 | = | 4.96 | ÷ | 0.08 | 0.08 | = | 66,836 | ÷ | 808,039,760 | |
| Feb 28, 2012 | 68.56 | = | 5.48 | ÷ | 0.08 | 0.08 | = | 62,492 | ÷ | 781,815,035 | |
| Feb 25, 2011 | 75.70 | = | 4.15 | ÷ | 0.05 | 0.05 | = | 41,245 | ÷ | 752,314,930 | |
| Mar 5, 2010 | 19.12 | = | 1.71 | ÷ | 0.09 | 0.09 | = | 60,179 | ÷ | 672,880,220 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Fortinet Inc. Annual Report.
Comparison to Competitors
Fortinet Inc., P/E, long-term trends, comparison to competitors
| Fortinet Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 24, 2023 | 53.83 | 22.93 | 33.15 | 59.70 | — | 71.56 | 57.31 | 28.34 | 26.85 | — | — | 135.68 | 284.28 | 51.76 |
| Feb 25, 2022 | 86.12 | 36.58 | 48.90 | 53.88 | — | 19.40 | 75.17 | 35.14 | 15.84 | — | — | 48.20 | 487.70 | 73.37 |
| Feb 19, 2021 | 57.44 | 28.32 | 41.69 | 62.89 | — | 19.30 | 49.52 | 35.04 | 16.69 | — | — | 1,204.70 | 978.47 | 55.92 |
| Feb 26, 2020 | 56.14 | 24.58 | 57.17 | 20.22 | — | 13.35 | 48.17 | 26.86 | 16.89 | — | — | 107.70 | 106.89 | 39.55 |
| Feb 27, 2019 | 45.15 | 24.10 | 46.11 | 46.59 | — | 14.25 | 46.88 | 50.00 | 45.90 | — | — | 731.11 | — | 29.60 |
| Feb 26, 2018 | 269.17 | 26.18 | 57.41 | 55.67 | — | 25.07 | 37.26 | 26.25 | 22.49 | — | — | 324.94 | — | 95.81 |
| Mar 1, 2017 | 203.17 | 18.07 | 46.80 | 40.53 | — | 14.29 | 29.60 | 26.08 | 18.53 | — | — | — | — | 33.71 |
| Feb 26, 2016 | 603.74 | 22.75 | 70.59 | 25.14 | — | 9.65 | 63.89 | 30.63 | 17.92 | — | — | — | — | 30.45 |
| Mar 2, 2015 | 227.22 | 17.46 | 132.73 | 34.03 | — | 13.55 | 26.44 | 16.11 | 16.33 | — | — | — | — | 25.00 |
| Mar 3, 2014 | 83.68 | 15.20 | 104.21 | 26.30 | — | 11.58 | 21.73 | 12.14 | 12.78 | — | — | — | — | 24.68 |
| Feb 27, 2013 | 59.97 | 17.95 | 22.73 | 9.11 | — | 13.37 | 22.37 | 14.40 | 13.61 | — | 6,057.94 | — | — | 26.53 |
| Feb 28, 2012 | 68.56 | 17.60 | 18.49 | 44.80 | — | 14.47 | 22.53 | 10.03 | 19.17 | — | — | 251.73 | — | 17.51 |
| Feb 25, 2011 | 75.70 | 17.62 | 22.05 | 20.39 | — | 13.32 | 24.82 | 11.91 | 17.66 | — | — | 118.88 | — | 17.09 |
| Mar 5, 2010 | 19.12 | 17.45 | 46.62 | — | — | 12.24 | 20.01 | 14.56 | 19.25 | — | — | 87.39 | — | 18.86 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
Comparison to Sector (Software & Services)
Fortinet Inc., P/E, long-term trends, comparison to sector (software & services)
| Fortinet Inc. | Software & Services | |
|---|---|---|
| Feb 24, 2023 | 53.83 | 33.81 |
| Feb 25, 2022 | 86.12 | 36.69 |
| Feb 19, 2021 | 57.44 | 37.46 |
| Feb 26, 2020 | 56.14 | 27.37 |
| Feb 27, 2019 | 45.15 | 42.16 |
| Feb 26, 2018 | 269.17 | 29.57 |
| Mar 1, 2017 | 203.17 | 23.48 |
| Feb 26, 2016 | 603.74 | 22.84 |
| Mar 2, 2015 | 227.22 | 17.95 |
| Mar 3, 2014 | 83.68 | 13.86 |
| Feb 27, 2013 | 59.97 | 14.97 |
| Feb 28, 2012 | 68.56 | 13.91 |
| Feb 25, 2011 | 75.70 | 14.04 |
| Mar 5, 2010 | 19.12 | 15.17 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).
Comparison to Industry (Information Technology)
Fortinet Inc., P/E, long-term trends, comparison to industry (information technology)
| Fortinet Inc. | Information Technology | |
|---|---|---|
| Feb 24, 2023 | 53.83 | 26.65 |
| Feb 25, 2022 | 86.12 | 29.35 |
| Feb 19, 2021 | 57.44 | 30.86 |
| Feb 26, 2020 | 56.14 | 22.97 |
| Feb 27, 2019 | 45.15 | 22.97 |
| Feb 26, 2018 | 269.17 | 23.27 |
| Mar 1, 2017 | 203.17 | 19.35 |
| Feb 26, 2016 | 603.74 | 16.39 |
| Mar 2, 2015 | 227.22 | 16.97 |
| Mar 3, 2014 | 83.68 | 14.05 |
| Feb 27, 2013 | 59.97 | 14.38 |
| Feb 28, 2012 | 68.56 | 13.74 |
| Feb 25, 2011 | 75.70 | 14.99 |
| Mar 5, 2010 | 19.12 | 21.46 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31).