#58USNASDAQ

FTNT

Fortinet

$156.36USD

Data as of 2026-09-05

Composite Score67.1Strong

≤−99

Margin of safety−153%Expensive

Fair value$61.91

Target$153.95

Loss chance53%Neutral

SizeLarge cap

SectorInformation Technology

Dividend—

TypeCommon stock

Price

Pillar breakdown

0–100 percentile rank against the current universe (sector-relative for Quality / Value / Growth / Profitability)

Information Technology median (n=190)

Quality
Profit margins & asset efficiency
96
Exceptional
Information Technology median (n=190) 49
Value
Price vs fundamentals
19
Poor
Information Technology median (n=190) 51
Growth
Revenue & earnings trajectory
81
Exceptional
Information Technology median (n=190) 51
Momentum
Recent price strength
80
Exceptional
Information Technology median (n=190) 51
Health
Balance sheet & solvency
52
Average
Information Technology median (n=190) 65
Profitability
ROE, ROA, ROIC
85
Exceptional
Information Technology median (n=190) 50
Technical
Trend & volatility signals
65
Strong
Information Technology median (n=190) 50
Risk
Volatility & drawdown profile
70
Exceptional
Information Technology median (n=190) 41

025405570100

Exceptional (70+)Strong (55–70)Average (40–55)Weak (25–40)Poor (<25)

Pillars not shown: Sentiment, ML (Phase 5+).

Fair price check

4 different valuation methods each estimate what FTNT should be worth, then we compare to today's price.

Heavily overvalued

Models suggest FTNT is far above estimated fair value

Today's price

$156.36

Median fair price

$61.91

-60% vs today's price

Of 2 methods:1 say fair1 say pricey(2 outliers excluded)

EV/EBITDAFair
thinks it's fairly priced — estimates $153.95, about 2% below today
P/E multiplesOvervalued
thinks it's expensive — estimates $106.80, about 32% below today
P/B multiplesOutlier
estimate looks unreliable — estimates $17.02 — likely unreliable
Graham (defensive)Outlier
estimate looks unreliable — estimates $8.74 — likely unreliable

How to read this: “Cheap” = method's fair price is at least 20% above today. “Fair” = within ±10–20%. “Pricey” = at least 10% below today. Outliers (values more than 5× or less than 0.2× today's price) are excluded.

Fair price ensemble

Median fair: $61.91
Margin of safety(vs fair value): < −99%
Max (ex-outliers): $153.95
Tangible BVPS: $1.66

Extreme Graham estimate
Extreme P/B estimate

Median of all applicable methods (current price $156.36). Per-method estimates + each method’s cheap/fair/pricey read are in the Fair price check above. Outliers above 5× or below 0.2× current price are excluded from the max but kept in the median. See methodology for the 6-method ensemble + 7 defenses.

Defense layer. Flags mark elevated risk, never confirmed fraud. This model cannot catch every manipulation and decays after publication — weigh it against its stated error rates.

Supporting dataRaw fundamentals & data-quality provenance behind the scores above

Raw fundamentals (SEC EDGAR)

Metric	Value
Market cap	$114.72B
Revenue (TTM)	$7.53B
Net income (TTM)	$2.12B
Operating cash flow (TTM)	$3.40B
CapEx (TTM)	$404.10M
Free cash flow (TTM)CFO − CapEx	$2.99B
Total assets	$10.86B
Total liabilities	$9.31B
Stockholders' equity	$1.55B
Cash & equivalents	$2.93B
Shares outstanding	733.71M
EPS (basic)	$2.89
EPS (diluted)	$2.89
P/E ratio (TTM)	54.10

TTM = trailing twelve months. Balance sheet items are point-in-time (latest filing).

Data quality

Latest filed date: 2026-07-30
Latest period end: 2026-07-28
Filing lag: 37 days
Missing metrics: 1(dividends_paid)