Research / Stock / FTNT
F
FTNT
Fortinet, Inc.
153.66
+1.67 +1.10%
close 2026-08-25
Assumptions
21.2%
Market is pricing 21.2%— you agree
Actually grew +18.4%/yrFCF, 2020–2025 — the market is pricing 2.8pts FASTER than history
10 yrs
3.00%
10.59%
10.6% derived for this company beta 1.33 (1254d vs the S&P 500) · cost of equity 10.7% = 4.7% risk-free + 1.33 × 4.5% premium · treated as all-equity
Fair value
$153.57
-0.1%
At the market's assumptionsCurrent price $153.66Enterprise value 113.6B
Bear $106.85 (16.2% growth)Bull $219.63 (26.2%)
Today's market price is inside the range · band = your growth ±5pts, same model · the market itself prices 21.2%
Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Present value of each projected year, Y1–Y10
34% the 10 forecast years66% terminal value
Same industry · SIC 3577 · trailing P/E for context
PANWP/E 212227.4Bthis P/E: 63