GROWTH
Top line stable.
+14.2% YoY versus +12.3% prior. 3y CAGR +15.5%.
+14.2%
Fortinet, Inc. FTNT
Technology · Market Cap: $107.2B
Live price unavailable
Fundamentals as of 2026-03-31
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Technology · Market Cap: $107.2B
Live price unavailable
Fundamentals as of 2026-03-31
All analysis on this page is for educational purposes only and does not constitute financial advice. Fair values are model-based estimates. Always do your own research.
The Question
1 of 2 legendary models say BUY FTNT — but Charlie Munger disagrees.
What would legendary investors pay for FTNT?
These figures are not quotes or opinions from Buffett, Graham, Lynch or the other investors. They are our own estimates, computed by applying the intrinsic-value formulas each investor is known for to this company’s financials.
For educational purposes only. Not a recommendation to buy or sell securities.
Fortinet, Inc.'s ROE and debt-to-equity are non-meaningful — large accumulated buybacks have driven stockholders' equity below zero, so the ratio denominators are uninterpretable. Operating margin and free cash flow are the better lenses here.
Financial story
Fortinet, Inc.'s ROE and debt-to-equity are non-meaningful — large accumulated buybacks have driven stockholders' equity below zero, so the ratio denominators are uninterpretable. Operating margin and free cash flow are the better lenses here.
Bottom line: FTNT splits the legendary models — 1 BUY, 0 HOLD, 1 AVOID, but earns a C sector grade (58/100) in Technology. Whether the premium is justified depends on which lens you trust. Drill into the valuation breakdown and sector ranking for the full picture.
Average fair value across qualifying models: $170. See the per-investor fair-value table in the valuation tab.
FTNT trades at 44.0x earnings. Sector context and per-investor signals are in the valuation tab.
FTNT and NOW differ on P/E, ROE, and revenue growth. See the full FTNT vs NOW compare matrix.
Buffett and Munger evaluate FTNT against their respective frameworks. Per-model fair value and reasoning are in the valuation tab.
FTNT's P/E ratio is 44.0x. 5-year P/E history is in the financials tab.
1 of 2 legendary models say BUY. Full breakdown by investor and signal is in the valuation tab
P/E 55.9x — 26% above the 5y median of 44.3x. Forward 45.9x hints at EPS expansion next year.
How does FTNT compare?
See exactly where FTNT ranks
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Sign in to see the rankingFTNT sits at #37 in Technology with a C grade (58/100).
