Fortinet, Inc. (Fortinet) operates in the cybersecurity sector, driving the convergence of networking and security.
The company’s integrated platform, the Fortinet Security Fabric, spans secure networking, unified Secure Access Service Edge (‘SASE’)…
Analysis
Quality compounder
Fortinet, Inc. is a quality compounder: a well-run business trading at a price that reflects what it is worth. One caution: reported profits have recently run ahead of actual cash, which we track closely.
The price is expensive. You pay 60.9× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 21% yearly growth; analysts expect 13%. The gap between price and consensus is worth watching: demanding expectations.
The trajectory is moderate and the balance sheet is adequate. The company scores 14/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.
What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202341
53
2023202420252026
All-time high
67
Jan 2025
All-time low
25
Mar 2026
Average rank
49
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
3
8
19
5
Price/Earnings
12
21
26
20
Price/Book
3
6
1
9
Dividend Yield
1
1
1
1
Value (overall)
4
7
10
3
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.