Price to Earning ratio Analysis of Fortinet Inc - Deep Dive
Latest FY PE
Period Ending - Dec-23
Very Poor PE
41.71
Period Ending - Dec-22
Very Poor PE
59.35
Growth
-29.72 %
Trailing Twelve Months PE
Period Ending - Dec-23
Very Poor PE
39.73
PE Analysis of Fortinet Inc
P/E Ratio of Fortinet Inc with value of 39.73 shows that stock price is high compared to company earnings and may be overvalued. |
PE Ratio of FTNT drastically fell by -29.72 % this year. |
PE Ratio with value of 816.04 was highest in Year Dec-19 in last Five Years. |
PE Ratio of FTNT trending down for at least three Years. |
Latest PE Ratio with value of 41.71 is lower than Average PE of 371.81 in last five years. |
Other PE Related Info of FTNT that may interest you.
Fortinet Inc Overview
Code | Price | Previous Price | Price Change | Sector |
---|---|---|---|---|
FTNT | 60.9 | 60.78 | 0.197 % | Software-Infrastructure |
Defination of Price to Earning
PE Ratio measures the relationship between the company's current stock price and EPS (Earnings Per Share). PE Ratio indicates how many times investors pay money to get 1 rupee of return. It is one of the important parameters to evaluate whether a company's stock price is overvalued or undervalued. more ..![Price to Earning Formula Price to Earning Formula](https://my.stockaio.com/help/template/FinDef/ValuationRatios/PERatio.jpg)
PE Related Ratios
PriceToSalesRatio | PriceToBookRatio | PriceToCashFlowRatio |
Tsr Value Index
Very Low Value Stock |
FY - Historical Price to Earning of Fortinet Inc
Period | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 |
---|---|---|---|---|---|---|---|
PE | 41.71 | 59.35 | 419.26 | 522.67 | 816.04 | 798.37 | 8634.84 |
Change | -29.72 % | -85.84 % | -19.78 % | -35.95 % | 2.21 % | -90.75 % | 3.52 % |
FY Chart of Price to Earning of Fortinet Inc
Note : All Data Generated at the End of Trading Hours (EOD Data)