What Is FTNT Fair Value?
Fortinet (FTNT) fair value estimate using multiple valuation models, updated daily.
As of July 16, 2026, Fortinet (FTNT) has a composite fair value estimate of $40.08 based on four valuation models: DCF (41% weight), Graham Number (29% weight), PEG (29% weight), and DDM (0% weight). The current market price is $164.51, suggesting the stock is overvalued by 75.6%.
Data as of July 16, 2026 (today)
Composite Fair Value
Overvalued3 of 4 models$40.08
vs. current price of $164.51(-75.6%)
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 →
$54.85
-66.7%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 →
$9.79
-94.1%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.
$36.16
-78.0%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 $164.51 is 66.7% above this estimate
View 10-year cash flow projections
| Year | Projected FCF (Free Cash Flow) | Present Value |
|---|---|---|
| Year 1 | $2.02B | $1.83B |
| Year 2 | $2.25B | $1.85B |
| Year 3 | $2.51B | $1.86B |
| Year 4 | $2.80B | $1.88B |
| Year 5 | $3.12B | $1.90B |
| Year 6 | $3.47B | $1.91B |
| Year 7 | $3.87B | $1.93B |
| Year 8 | $4.32B | $1.95B |
| Year 9 | $4.81B | $1.96B |
| Year 10 | $5.36B | $1.98B |
| Terminal Value | $68.99B | $25.50B |
What Are FTNT's Key Financial Metrics?
Earnings & Growth
Current Price
$164.51
EPS (TTM)
$2.55
Forward P/E
48.0
Profit Margin
27.5%
Cash & Balance Sheet
Free Cash Flow
1.8B
EBITDA
2.4B
Book Value
$1.35
Total Debt
567.2M
What Do Analysts Say About FTNT?
Low
$70.00
Average
$119.24
High
$215.00
Upside
-27.5%
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 $40.08. The stock is currently trading at $164.51, 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 $164.51 is 75.6% above our estimated fair value of $40.08.
What do Wall Street analysts say about FTNT?
37 analysts cover Fortinet with a consensus rating of "Hold." The average price target is $119.24, ranging from $70.00 to $215.00. This implies 27.5% downside from the current price.