What Is FTNT Fair Value?
Fortinet (FTNT) fair value estimate using multiple valuation models, updated daily.
As of October 14, 2026, Fortinet (FTNT) has a composite fair value estimate of $73.18 based on four valuation models: DCF (41% weight), Graham Number (29% weight), PEG (29% weight), and DDM (0% weight). The current market price is $184.05, suggesting the stock is overvalued by 60.2%.
Data as of October 14, 2026 (today)
Composite Fair Value
Overvalued3 of 4 models$73.18
vs. current price of $184.05(-60.2%)
How Is FTNT Fair Value Calculated?
Four independent models estimate what FTNT is worth. Each uses different inputs and assumptions. The composite blends them by weight.
FTNT Intrinsic Value
Forward-looking models based on future cash flows
DCF (Discounted Cash Flow)
41% weightEstimates how much cash the company will generate over the next 10 years, then calculates what all that future cash is worth in today's dollars. Includes a 15% safety cushion. Try the standalone DCF calculator →
$107.08
-41.8%Overvalued
Inputs used
DDM (Dividend Discount Model)
0% weightIf a company pays you dividends, this model asks: how much are all those future dividend payments worth today? Only works for stocks that pay dividends. Try the intrinsic value calculator →
N/A
This stock does not pay a dividend, so the DDM cannot be applied. The composite adjusts by redistributing this weight to the other models.
FTNT Fair Value
Current fundamentals: earnings, assets, and growth rate
Graham Number (Value Investing)
29% weightCreated by legendary investor Benjamin Graham. It looks at two things: how much the company earns (EPS) and what its assets are worth (Book Value), then calculates the maximum price a careful investor should pay. Try the fair value calculator →
$12.81
-93.0%Overvalued
Inputs used
PEG (Price/Earnings to Growth)
29% weightChecks if you're paying a fair price for the company's growth. A fast-growing company deserves a higher price than a slow one. This model finds the right price based on how fast earnings are growing.
$59.63
-67.6%Overvalued
Inputs used
What If You Change the Assumptions?
Drag the sliders to test different scenarios. Tap the ? buttons to learn what each input means.
Your DCF Fair Value
Current price $184.05 is 41.8% above this estimate
View 10-year cash flow projections
| Year | Projected FCF (Free Cash Flow) | Present Value |
|---|---|---|
| Year 1 | $2.66B | $2.41B |
| Year 2 | $3.12B | $2.57B |
| Year 3 | $3.65B | $2.73B |
| Year 4 | $4.29B | $2.91B |
| Year 5 | $5.03B | $3.10B |
| Year 6 | $5.89B | $3.29B |
| Year 7 | $6.91B | $3.51B |
| Year 8 | $8.11B | $3.73B |
| Year 9 | $9.51B | $3.97B |
| Year 10 | $11.15B | $4.23B |
| Terminal Value | $148.84B | $56.47B |
What Are FTNT's Key Financial Metrics?
Earnings & Growth
Current Price
$184.05
EPS (TTM)
$2.83
Forward P/E
48.7
Profit Margin
28.2%
Cash & Balance Sheet
Free Cash Flow
2.3B
EBITDA
2.6B
Book Value
$2.11
Total Debt
561.4M
What Do Analysts Say About FTNT?
Low
$104.00
Average
$165.71
High
$225.00
Upside
-10.0%
FTNT Fair Value FAQ
What is the fair value of FTNT?
Based on our composite model (DCF 35%, Graham 25%, PEG 25%, DDM 15%), FTNT's estimated fair value is $73.18. The stock is currently trading at $184.05, which makes it overvalued by our analysis.
How is FTNT's fair value calculated?
We use four valuation methods: Discounted Cash Flow (DCF), Graham Number, PEG-based Fair Value, and Dividend Discount Model (for dividend-paying stocks). The composite score weights DCF at 35%, Graham and PEG at 25% each, and DDM at 15%. When a model can't be applied, its weight is redistributed proportionally.
Is FTNT overvalued or undervalued?
Based on our analysis, FTNT is overvalued. The current price of $184.05 is 60.2% above our estimated fair value of $73.18.
What do Wall Street analysts say about FTNT?
36 analysts cover Fortinet with a consensus rating of "Hold." The average price target is $165.71, ranging from $104.00 to $225.00. This implies 10.0% downside from the current price.