FTNT
Fortinet Inc
Price:  
61.35 
USD
Volume:  
2,653,122.00
United States | Software
Valuation
Overview
Financials
Forecast
Compare
Historical Price
SolvencyDividends
Transactions
People

Fortinet Fair Value

-36.02 %
Upside

As of 2024-05-27, the Fair Value of Fortinet Inc (FTNT) is 39.25 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 61.35 USD, the upside of Fortinet Inc is -36.02%.

61.35 USD
Stock Price
39.25 USD
Fair Price
FAIR VALUE CALCULATION

Fortinet Fair Value

Peter Lynch's formula is:

Fortinet Fair Value
= Earnings Growth Rate x TTM EPS
Fortinet Fair Value
= 25.00 x 1.57
Fortinet Fair Value
= 39.25

The earnings growth rate we use in the formula is the average growth rate of net income/earnings over the last 5 years. If the average growth rate is smaller than 5%, we set it to 5%. If it is larger than 25%, we set it to 25%. If the TTM EPS is negative, Peter Lynch Fair Value's result can be unreliable.

Historical Earnings
2019-12-31 2020-12-31 2021-12-31 2022-12-31 2023-12-31 5Y Avg
Net income 331.70 488.50 606.80 857.30 1,147.80 686.42
YoY growth -0.15% 47.27% 24.22% 41.28% 33.89% 29.30%

Fortinet Fair Value - Key Data

Market Cap (mil) 46,867.72
P/E 39.08x
Forward P/E 34.74x
EPS 1.57
Avg earnings growth rate 29.30%
TTM earnings 1,199.40