Fortinet, Inc. (LON:0IR9)

Fortinet Statistics

Total Valuation

Fortinet has a market cap or net worth of GBP 44.68 billion. The enterprise value is 42.12 billion.

Market Cap	44.68B
Enterprise Value	42.12B

Important Dates

The last earnings date was Wednesday, August 6, 2025.

Earnings Date	Aug 6, 2025
Ex-Dividend Date	n/a

Share Statistics

Current Share Class	766.27M
Shares Outstanding	n/a
Shares Change (YoY)	-0.23%
Shares Change (QoQ)	-0.53%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	649.06M

Valuation Ratios

The trailing PE ratio is 31.56 and the forward PE ratio is 30.14.

PE Ratio	31.56
Forward PE	30.14
PS Ratio	9.66
PB Ratio	29.71
P/TBV Ratio	36.47
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 26.58, with an EV/FCF ratio of 28.39.

EV / Earnings	29.75
EV / Sales	9.02
EV / EBITDA	26.58
EV / EBIT	29.36
EV / FCF	28.39

Financial Position

The company has a current ratio of 1.33, with a Debt / Equity ratio of 0.53.

Current Ratio	1.33
Quick Ratio	1.21
Debt / Equity	0.53
Debt / EBITDA	0.51
Debt / FCF	0.54
Interest Coverage	100.36

Financial Efficiency

Return on equity (ROE) is 165.17% and return on invested capital (ROIC) is 53.92%.

Return on Equity (ROE)	165.17%
Return on Assets (ROA)	13.02%
Return on Invested Capital (ROIC)	53.92%
Return on Capital Employed (ROCE)	33.20%
Revenue Per Employee	310,514
Profits Per Employee	95,027
Employee Count	14,138
Asset Turnover	0.68
Inventory Turnover	3.01

Taxes

In the past 12 months, Fortinet has paid 249.26 million in taxes.

Income Tax	249.26M
Effective Tax Rate	14.97%

Stock Price Statistics

The stock price has increased by +5.44% in the last 52 weeks. The beta is 1.08, so Fortinet's price volatility has been similar to the market average.

Beta (5Y)	1.08
52-Week Price Change	+5.44%
50-Day Moving Average	99.27
200-Day Moving Average	98.54
Relative Strength Index (RSI)	31.25
Average Volume (20 Days)	36,053

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	2.96

Income Statement

In the last 12 months, Fortinet had revenue of GBP 4.63 billion and earned 1.42 billion in profits. Earnings per share was 1.83.

Revenue	4.63B
Gross Profit	3.76B
Operating Income	1.42B
Pretax Income	1.66B
Net Income	1.42B
EBITDA	1.52B
EBIT	1.42B
Earnings Per Share (EPS)	1.83

Balance Sheet

The company has 3.33 billion in cash and 794.64 million in debt, giving a net cash position of 2.54 billion.

Cash & Cash Equivalents	3.33B
Total Debt	794.64M
Net Cash	2.54B
Net Cash Per Share	n/a
Equity (Book Value)	1.50B
Book Value Per Share	1.96
Working Capital	1.15B

Cash Flow

In the last 12 months, operating cash flow was 1.75 billion and capital expenditures -268.75 million, giving a free cash flow of 1.48 billion.

Operating Cash Flow	1.75B
Capital Expenditures	-268.75M
Free Cash Flow	1.48B
FCF Per Share	n/a

Margins

Gross margin is 81.29%, with operating and profit margins of 30.72% and 30.60%.

Gross Margin	81.29%
Operating Margin	30.72%
Pretax Margin	35.99%
Profit Margin	30.60%
EBITDA Margin	32.91%
EBIT Margin	30.72%
FCF Margin	32.07%

Dividends & Yields

Fortinet does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	n/a
Buyback Yield	0.23%
Shareholder Yield	n/a
Earnings Yield	3.17%
FCF Yield	3.32%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

The last stock split was on June 23, 2022. It was a forward split with a ratio of 5.

Last Split Date	Jun 23, 2022
Split Type	Forward
Split Ratio	5

Scores

Fortinet has an Altman Z-Score of 6.22 and a Piotroski F-Score of 7.

Altman Z-Score	6.22
Piotroski F-Score	7