NASD · Technology · Software - Infrastructure · USA
Fortinet Inc is a large cap company (market value between $10 billion and $200 billion) in the Software - Infrastructure industry.
Fortinet provides cybersecurity solutions through its integrated Security Fabric platform spanning secure networking, unified SASE, and AI-driven security operations. The company delivers products across three pillars: Secure Networking via FortiOS and network firewalls, Unified SASE with cloud access and remote connectivity, and AI-Driven SecOps with threat detection and response. Customers include enterprises in financial services, retail, healthcare, and government sectors.
From its FY2025 annual report (Form 10-K)
Intrinsic value, DCF valuation, financial health and value investing analysis for the Fortinet Inc stock.
Overvalued: intrinsic value $130.76 per share, market price $171.50, margin of safety -31.2% (as of 2026-10-19).
A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $130.76; the price of $171.50 is 31% above that value.
Leak Score: 75/100 on 12 of 12 signals (Clear Leak).
17 more funds hold it; the full list is part of the paid plan.
All 181 Software - Infrastructure stocks
36 more in this industry show a wider margin of safety.
FTNT is overvalued (as of the 2026-10-19 close). A 12.5x revenue multiple, adjusted for growth and margin, values the shares at $130.76; the price of $171.50 is 31% above that value.
$130.76 per share (as of the 2026-10-19 close), against a market price of $171.50. That is a margin of safety of -31.2%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.
The price pays more for each dollar of sales than its growth and margins justify. Times its sales the price pays: 16.5x. Multiple we apply for its growth and margins: 12.5x.
75 out of 100, which we rate "Clear Leak", on 12 of 12 value investing signals.