What Is FTNT Fair Value?
Fortinet (FTNT) fair value estimate using multiple valuation models, updated daily.
As of August 30, 2026, Fortinet (FTNT) has a composite fair value estimate of $70.97 based on four valuation models: DCF (41% weight), Graham Number (29% weight), PEG (29% weight), and DDM (0% weight). The current market price is $166.00, suggesting the stock is overvalued by 57.2%.
Data as of August 30, 2026 (today)
Composite Fair Value
Overvalued3 of 4 models$70.97
vs. current price of $166.00(-57.2%)
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 →
$103.14
-37.9%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
-92.3%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.
$58.61
-64.7%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 $166.00 is 37.9% above this estimate
View 10-year cash flow projections
| Year | Projected FCF (Free Cash Flow) | Present Value |
|---|---|---|
| Year 1 | $2.65B | $2.40B |
| Year 2 | $3.10B | $2.55B |
| Year 3 | $3.63B | $2.70B |
| Year 4 | $4.24B | $2.87B |
| Year 5 | $4.96B | $3.04B |
| Year 6 | $5.81B | $3.23B |
| Year 7 | $6.79B | $3.42B |
| Year 8 | $7.95B | $3.63B |
| Year 9 | $9.30B | $3.85B |
| Year 10 | $10.88B | $4.08B |
| Terminal Value | $143.11B | $53.74B |
What Are FTNT's Key Financial Metrics?
Earnings & Growth
Current Price
$166.00
EPS (TTM)
$2.82
Forward P/E
44.2
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
$86.00
Average
$160.86
High
$220.00
Upside
-3.1%
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 $70.97. The stock is currently trading at $166.00, 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 $166.00 is 57.2% above our estimated fair value of $70.97.
What do Wall Street analysts say about FTNT?
37 analysts cover Fortinet with a consensus rating of "Hold." The average price target is $160.86, ranging from $86.00 to $220.00. This implies 3.1% downside from the current price.