Fortinet (MEX:FTNT) Beginning Cash Position: MXN44,997 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:FTNT Fortinet Inc MEX:FTNT
89 GF Score
Price MXN2,663.48
GF Value MXN1,762.68
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Fortinet Beginning Cash Position?

Fortinet MEX:FTNT 89 Beginning Cash Position is MXN44,997 Mil as of Mar. 2026. GuruFocus rates MEX:FTNT with a GF Score™ of 89/100 and a GF Value™ of MXN1,762.68 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Fortinet's Beginning Cash Position for the quarter that ended in Mar. 2026 was MXN44,997 Mil.

Fortinet's quarterly Beginning Cash Position declined from Sep. 2025 (MXN61,792 Mil) to Dec. 2025 (MXN35,934 Mil) but then increased from Dec. 2025 (MXN35,934 Mil) to Mar. 2026 (MXN44,997 Mil).

Fortinet's annual Beginning Cash Position increased from Dec. 2023 (MXN28,566 Mil) to Dec. 2024 (MXN29,154 Mil) and increased from Dec. 2024 (MXN29,154 Mil) to Dec. 2025 (MXN51,783 Mil).

Fortinet Beginning Cash Position Related Terms

Fortinet Beginning Cash Position Historical Data

* Premium members only.

The historical data trend for Fortinet's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Fortinet Beginning Cash Position Chart

Fortinet Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21,781.76 25,717.17 28,565.96 29,154.18 51,782.59

Fortinet Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58,835.74 67,721.10 61,792.44 35,933.98 44,997.00
MEX:FTNT
89GF Score
Fortinet Inc MEX:FTNT
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fortinet Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of MXN44,997 Mil mean?
Fortinet (MEX:FTNT) has a Beginning Cash Position of MXN44,997 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Fortinet and its competitors.
Is Fortinet's Beginning Cash Position too high?
Fortinet's current Beginning Cash Position is MXN44,997 Mil. Overall, Fortinet has a GF Score™ of 89/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortinet's Beginning Cash Position compare to SNPS and NET?
Fortinet's Beginning Cash Position of MXN44,997 Mil can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Software company?
A good Beginning Cash Position depends on the Software industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Fortinet and its competitors. Fortinet's current Beginning Cash Position is MXN44,997 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortinet stock overvalued right now?
Based on GuruFocus' analysis, Fortinet (MEX:FTNT) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,762.68, compared to a current price of MXN2,663.48 — trading 51.1% above its estimated fair value. The current Beginning Cash Position is MXN44,997 Mil. Fortinet's overall GF Score™ is 89/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Fortinet (MEX:FTNT), the current Beginning Cash Position is MXN44,997 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fortinet (MEX:FTNT) Overvalued in 2026?

Based on GuruFocus' analysis, Fortinet stock appears to be overvalued. The current stock price of MXN2,663.48 is trading 51.1% above its estimated GF Value™ of MXN1,762.68. GuruFocus considers Fortinet to be Significantly Overvalued.

Key valuation signals for MEX:FTNT:

  • Beginning Cash Position: MXN44,997 Mil
  • GF Value™: MXN1,762.68 vs. price of MXN2,663.48 (51.1% above fair value)
  • GF Score™: 89/100 with 5 warning signs

No single metric tells the full story. See the MEX:FTNT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Fortinet Business Description

Address 909 Kifer Road, Sunnyvale, CA, USA, 94086
Fortinet is a platform-based cybersecurity vendor with product offerings covering network security, cloud security, zero-trust access, and security operations. The firm derives a majority of its revenue through sales of its subscriptions and support-based business. The California-based firm has more than 800,000 customers across the world.
89GF Score

Get the complete analysis for MEX:FTNT

Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,663.48
Price
MXN1,762.68
GF Value