FortinetSTU:FO8 +0.88%93 OCF Margin % is 58.23% as of Mar. 2026, which is 53% above its 10-year median of 38.01. GuruFocus rates STU:FO8 with a GF Score™ of 93/100 and a GF Value™ of €86.99 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 2,816 Software companies, Fortinet ranks better than 94.46% on this metric.
The historical rank and industry rank for Fortinet's OCF Margin % or its related term are showing as below:
STU:FO8'
s OCF Margin % Range Over the Past 10 Years
Min: 27.11 Med: 38.01 Max: 44.87
Current: 39.47
During the past 13 years, the highest OCF Margin % of Fortinet was 44.87%. The lowest was 27.11%. And the median was 38.01%.
STU:FO8's OCF Margin % is ranked better than 94.46% of 2816
companies
in the Software industry
Industry Median: 6.77
vs STU:FO8: 39.47
Fortinet OCF Margin % Related Terms
Fortinet OCF Margin % Historical Data
* Premium members only.
The historical data trend for Fortinet's OCF Margin % 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.
STU:FO8 vs SNPS, NET, CRWV: OCF Margin % Comparison
For the Software - Infrastructure subindustry, Fortinet's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Software Industry
For the Software industry and Technology sector, Fortinet's OCF Margin % distribution charts can be found below:
* The bar in red indicates where Fortinet's OCF Margin % falls into.
* 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 (STU:FO8) has a OCF Margin % of 58.23% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Fortinet and its competitors. This is 53% above median its historical median of 38.01. Over the past decade, Fortinet's OCF Margin % has ranged from 27.11 to 44.87. According to the industry distribution chart, Fortinet ranks #156 out of 2816 companies in the Software industry, placing it in the top 5.5%.
Is Fortinet's OCF Margin % too high?
Fortinet's current OCF Margin % of 58.23% is 53% above median its 10-year median of 38.01. Over the past 10 years, this metric has ranged from a low of 27.11 to a high of 44.87. The Software industry median OCF Margin % is 6.77. Fortinet's value of 58.23% is 760.1% above this industry median. Based on the distribution chart, Fortinet ranks #156 out of 2816 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Fortinet has a GF Score™ of 93/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fortinet's OCF Margin % compare to SNPS and NET?
According to the Software industry distribution chart, Fortinet ranks #156 out of 2816 companies for OCF Margin %. This places Fortinet in the top 6% of its industry — outperforming the majority of peers. The industry median OCF Margin % is 6.77. Fortinet's value of 58.23% is 760.1% above this benchmark. Historically, Fortinet's own OCF Margin % has ranged from 27.11 to 44.87 over the past decade. While the company's 10-year median is 38.01 vs. the industry median of 6.77, Fortinet has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for a Software company?
The median OCF Margin % among Software companies is 6.77, based on 2,816 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortinet's current OCF Margin % of 58.23% is 760.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Fortinet and its competitors. For the Software industry, the median OCF Margin % is 6.77 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortinet's current OCF Margin % is 58.23%, which is 53% above median its own 10-year median of 38.01. 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 (STU:FO8) is currently considered Significantly Overvalued. The stock's GF Value™ is €86.99, compared to a current price of €132.90 — trading 52.8% above its estimated fair value. The current OCF Margin % is 58.23%, which is 53% above median its 10-year median of 38.01 and 760.1% above the Software industry median of 6.77. Fortinet's overall GF Score™ is 93/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Fortinet (STU:FO8), the current OCF Margin % is 58.23% 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 (STU:FO8) Overvalued in 2026?
Based on GuruFocus' analysis, Fortinet stock appears to be overvalued.
The current stock price of €132.90 is trading 52.8% above its estimated GF Value™ of €86.99.
GuruFocus considers Fortinet to be Significantly Overvalued.
Key valuation signals for STU:FO8:
OCF Margin %: 58.23% (53% above median its 10-year median of 38.01)
GF Value™: €86.99 vs. price of €132.90 (52.8% above fair value)
Industry Position: 760.1% above the Software median (#156 of 2816)
No single metric tells the full story. See the STU:FO8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
93GF Score
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