Fortinet Stock Price To Book

FTNT Stock

USD 93.12 0.35 0.38%

Fortinet fundamentals help investors to digest information that contributes to Fortinet's financial success or failures. It also enables traders to predict the movement of Fortinet Stock. The fundamental analysis module provides a way to measure Fortinet's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Fortinet stock.

Other Current Liab Total Assets

Price To Book Ratio is likely to gain to -93.42 in 2024.

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Fortinet Company Price To Book Analysis

Fortinet's Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

P/B

MV Per Share

BV Per Share

More About Price To Book | All Equity Analysis

Current Fortinet Price To Book

78.59 X

Most of Fortinet's fundamental indicators, such as Price To Book, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Fortinet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Fortinet Price To Book Driver Correlations

Understanding the fundamental principles of building solid financial models for Fortinet is extremely important. It helps to project a fair market value of Fortinet Stock properly, considering its historical fundamentals such as Price To Book. Since Fortinet's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Fortinet's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Fortinet's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Current Deferred Revenue	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Short Term Investments	Total Liab	Total Current Assets	Short Term Debt	Common Stock	Property Plant Equipment	Intangible Assets	Net Tangible Assets	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Good Will	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Debt Total
Total Assets		-0.44	0.99	-0.25	-0.87	0.97	0.98	0.88	0.98	1.0	0.63	0.85	0.99	0.8	-0.55	0.86	0.9	-0.45	0.97	0.39	0.35	0.8	0.67
Total Stockholder Equity	-0.44		-0.55	-0.52	0.82	-0.5	-0.57	-0.12	-0.59	-0.38	-0.28	-0.76	-0.58	-0.08	0.98	-0.08	-0.64	0.49	-0.42	0.42	0.52	-0.83	-0.69
Current Deferred Revenue	0.99	-0.55		-0.2	-0.93	0.97	1.0	0.82	1.0	0.98	0.62	0.91	1.0	0.72	-0.64	0.82	0.95	-0.54	0.95	0.26	0.23	0.87	0.74
Net Debt	-0.25	-0.52	-0.2		-0.05	-0.28	-0.2	-0.24	-0.12	-0.34	-0.18	0.02	-0.16	-0.4	-0.46	-0.61	-0.21	0.37	-0.24	-0.35	-0.49	0.1	0.19
Retained Earnings	-0.87	0.82	-0.93	-0.05		-0.89	-0.94	-0.59	-0.94	-0.84	-0.57	-0.96	-0.94	-0.54	0.87	-0.62	-0.94	0.62	-0.83	0.04	0.1	-0.96	-0.8
Accounts Payable	0.97	-0.5	0.97	-0.28	-0.89		0.98	0.76	0.96	0.96	0.62	0.87	0.97	0.8	-0.61	0.84	0.92	-0.52	0.96	0.27	0.23	0.83	0.59
Net Receivables	0.98	-0.57	1.0	-0.2	-0.94	0.98		0.79	0.99	0.97	0.61	0.92	0.99	0.72	-0.66	0.81	0.96	-0.56	0.95	0.22	0.19	0.89	0.73
Short Term Investments	0.88	-0.12	0.82	-0.24	-0.59	0.76	0.79		0.81	0.88	0.51	0.58	0.81	0.72	-0.23	0.79	0.64	-0.16	0.86	0.64	0.61	0.5	0.56
Total Liab	0.98	-0.59	1.0	-0.12	-0.94	0.96	0.99	0.81		0.97	0.62	0.91	1.0	0.73	-0.68	0.79	0.93	-0.5	0.95	0.27	0.21	0.88	0.74
Total Current Assets	1.0	-0.38	0.98	-0.34	-0.84	0.96	0.97	0.88	0.97		0.62	0.82	0.97	0.8	-0.48	0.89	0.89	-0.48	0.96	0.41	0.39	0.77	0.65
Short Term Debt	0.63	-0.28	0.62	-0.18	-0.57	0.62	0.61	0.51	0.62	0.62		0.57	0.63	0.58	-0.41	0.63	0.55	-0.29	0.61	0.22	0.19	0.5	0.38
Common Stock	0.85	-0.76	0.91	0.02	-0.96	0.87	0.92	0.58	0.91	0.82	0.57		0.9	0.46	-0.82	0.58	0.95	-0.61	0.77	-0.1	-0.13	0.99	0.82
Property Plant Equipment	0.99	-0.58	1.0	-0.16	-0.94	0.97	0.99	0.81	1.0	0.97	0.63	0.9		0.74	-0.67	0.8	0.93	-0.52	0.96	0.28	0.23	0.87	0.72
Intangible Assets	0.8	-0.08	0.72	-0.4	-0.54	0.8	0.72	0.72	0.73	0.8	0.58	0.46	0.74		-0.22	0.86	0.54	-0.1	0.84	0.65	0.59	0.4	0.18
Net Tangible Assets	-0.55	0.98	-0.64	-0.46	0.87	-0.61	-0.66	-0.23	-0.68	-0.48	-0.41	-0.82	-0.67	-0.22		-0.19	-0.7	0.46	-0.52	0.34	0.45	-0.87	-0.67
Capital Surpluse	0.86	-0.08	0.82	-0.61	-0.62	0.84	0.81	0.79	0.79	0.89	0.63	0.58	0.8	0.86	-0.19		0.72	-0.41	0.85	0.49	0.52	0.5	0.43
Deferred Long Term Liab	0.9	-0.64	0.95	-0.21	-0.94	0.92	0.96	0.64	0.93	0.89	0.55	0.95	0.93	0.54	-0.7	0.72		-0.73	0.85	0.01	0.03	0.94	0.77
Long Term Investments	-0.45	0.49	-0.54	0.37	0.62	-0.52	-0.56	-0.16	-0.5	-0.48	-0.29	-0.61	-0.52	-0.1	0.46	-0.41	-0.73		-0.4	0.28	0.17	-0.63	-0.53
Good Will	0.97	-0.42	0.95	-0.24	-0.83	0.96	0.95	0.86	0.95	0.96	0.61	0.77	0.96	0.84	-0.52	0.85	0.85	-0.4		0.47	0.43	0.73	0.57
Net Invested Capital	0.39	0.42	0.26	-0.35	0.04	0.27	0.22	0.64	0.27	0.41	0.22	-0.1	0.28	0.65	0.34	0.49	0.01	0.28	0.47		0.96	-0.16	-0.17
Net Working Capital	0.35	0.52	0.23	-0.49	0.1	0.23	0.19	0.61	0.21	0.39	0.19	-0.13	0.23	0.59	0.45	0.52	0.03	0.17	0.43	0.96		-0.19	-0.16
Capital Stock	0.8	-0.83	0.87	0.1	-0.96	0.83	0.89	0.5	0.88	0.77	0.5	0.99	0.87	0.4	-0.87	0.5	0.94	-0.63	0.73	-0.16	-0.19		0.83
Long Term Debt Total	0.67	-0.69	0.74	0.19	-0.8	0.59	0.73	0.56	0.74	0.65	0.38	0.82	0.72	0.18	-0.67	0.43	0.77	-0.53	0.57	-0.17	-0.16	0.83

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Price to Book ratio is mostly used in financial services industries where assets and liabilities are typically represented by dollars. Although low Price to Book ratio generally implies that the firm is undervalued, it is often a good indicator that the company may be in financial or managerial distress and should be investigated more carefully.

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Price Book Value Ratio Over Time

Fortinet Book Value Per Share

Book Value Per Share

(0.57)

At this time, Fortinet's Book Value Per Share is comparatively stable compared to the past year.

Based on the latest financial disclosure, Fortinet has a Price To Book of 78 times. This is much higher than that of the Software sector and significantly higher than that of the Information Technology industry. The price to book for all United States stocks is notably lower than that of the firm.

Fortinet Price To Book Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Fortinet's direct or indirect competition against its Price To Book to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Fortinet could also be used in its relative valuation, which is a method of valuing Fortinet by comparing valuation metrics of similar companies.

Fortinet is currently under evaluation in price to book category among its peers.

Fortinet ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Fortinet's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Fortinet's managers, analysts, and investors.

Environmental

Governance

Social

Fortinet Fundamentals

	Return On Equity	0.31
	Return On Asset	0.12
	Profit Margin	0.27 %
	Operating Margin	0.31 %
	Current Valuation	68.67 B
	Shares Outstanding	766.45 M
	Shares Owned By Insiders	17.48 %
	Shares Owned By Institutions	69.61 %
	Number Of Shares Shorted	12.57 M
	Price To Earning	58.79 X
	Price To Book	78.59 X
	Price To Sales	12.50 X
	Revenue	5.3 B
	Gross Profit	3.33 B
	EBITDA	1.24 B
	Net Income	1.15 B
	Cash And Equivalents	1.73 B
	Cash Per Share	2.21 X
	Total Debt	1.07 B
	Debt To Equity	4.24 %
	Current Ratio	1.07 X
	Book Value Per Share	1.19 X
	Cash Flow From Operations	1.94 B
	Short Ratio	3.49 X
	Earnings Per Share	1.99 X
	Price To Earnings To Growth	1.62 X
	Target Price	95.21
	Number Of Employees	13.99 K
	Beta	1.0
	Market Capitalization	71.37 B
	Total Asset	7.26 B
	Retained Earnings	(1.86 B)
	Working Capital	709.3 M
	Current Asset	1.27 B
	Current Liabilities	678.67 M
	Net Asset	7.26 B

About Fortinet Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Fortinet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Fortinet using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Fortinet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Fortinet Stock Analysis

When running Fortinet's price analysis, check to measure Fortinet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortinet is operating at the current time. Most of Fortinet's value examination focuses on studying past and present price action to predict the probability of Fortinet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortinet's price. Additionally, you may evaluate how the addition of Fortinet to your portfolios can decrease your overall portfolio volatility.

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