GURUFOCUS.COM » STOCK LIST » Technology » Software » Fortinet Inc (LTS:0IR9) » Definitions » Cyclically Adjusted PS Ratio

Fortinet (LTS:0IR9) Cyclically Adjusted PS Ratio : 26.28 (As of May. 01, 2025)


View and export this data going back to 2018. Start your Free Trial

What is Fortinet Cyclically Adjusted PS Ratio?

As of today (2025-05-01), Fortinet's current share price is $105.39. Fortinet's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was $4.01. Fortinet's Cyclically Adjusted PS Ratio for today is 26.28.

The historical rank and industry rank for Fortinet's Cyclically Adjusted PS Ratio or its related term are showing as below:

LTS:0IR9' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 11.44   Med: 19.88   Max: 37.13
Current: 26.18

During the past years, Fortinet's highest Cyclically Adjusted PS Ratio was 37.13. The lowest was 11.44. And the median was 19.88.

LTS:0IR9's Cyclically Adjusted PS Ratio is ranked worse than
97.25% of 1381 companies
in the Software industry
Industry Median: 2.05 vs LTS:0IR9: 26.18

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Fortinet's adjusted revenue per share data for the three months ended in Dec. 2024 was $2.142. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $4.01 for the trailing ten years ended in Dec. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortinet Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fortinet's Cyclically Adjusted PS Ratio 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.

* Premium members only.

Fortinet Cyclically Adjusted PS Ratio Chart

Fortinet Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.12 35.83 18.76 17.88 23.49

Fortinet Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted PS Ratio 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 17.88 19.61 16.46 20.20 23.49

Competitive Comparison of Fortinet's Cyclically Adjusted PS Ratio

For the Software - Infrastructure subindustry, Fortinet's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fortinet's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Fortinet's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Fortinet's Cyclically Adjusted PS Ratio falls into.


;
;

Fortinet Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Fortinet's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=105.39/4.01
=26.28

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 is calculated as:

For example, Fortinet's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=2.142/133.1571*133.1571
=2.142

Current CPI (Dec. 2024) = 133.1571.

Fortinet Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 0.245 99.621 0.327
201506 0.272 100.684 0.360
201509 0.292 100.392 0.387
201512 0.336 99.792 0.448
201603 0.326 100.470 0.432
201606 0.362 101.688 0.474
201609 0.356 101.861 0.465
201612 0.410 101.863 0.536
201703 0.382 102.862 0.495
201706 0.405 103.349 0.522
201709 0.418 104.136 0.534
201712 0.475 104.011 0.608
201803 0.464 105.290 0.587
201806 0.509 106.317 0.638
201809 0.517 106.507 0.646
201812 0.581 105.998 0.730
201903 0.541 107.251 0.672
201906 0.596 108.070 0.734
201909 0.627 108.329 0.771
201912 0.705 108.420 0.866
202003 0.663 108.902 0.811
202006 0.747 108.767 0.915
202009 0.786 109.815 0.953
202012 0.904 109.897 1.095
202103 0.854 111.754 1.018
202106 0.959 114.631 1.114
202109 1.034 115.734 1.190
202112 1.154 117.630 1.306
202203 1.163 121.301 1.277
202206 1.272 125.017 1.355
202209 1.439 125.227 1.530
202212 1.620 125.222 1.723
202303 1.591 127.348 1.664
202306 1.624 128.729 1.680
202309 1.687 129.860 1.730
202312 1.832 129.419 1.885
202403 1.756 131.776 1.774
202406 1.863 132.554 1.871
202409 1.954 133.029 1.956
202412 2.142 133.157 2.142

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Fortinet  (LTS:0IR9) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Fortinet Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Fortinet's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortinet Business Description

Industry
Traded in Other Exchanges
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.

Fortinet Headlines

No Headlines