As of today (2024-04-23), Fortinet's share price is $63.69. Fortinet's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $-0.82. Hence, Fortinet's Price to Tangible Book Ratio of today is .
The historical rank and industry rank for Fortinet's Price-to-Tangible-Book or its related term are showing as below:
During the past 13 years, Fortinet's highest Price to Tangible Book Ratio was 98.20. The lowest was 6.53. And the median was 12.87.
FTNT's Price-to-Tangible-Book is not ranked *
in the Software industry.
Industry Median: 3.51 * Ranked among companies with meaningful Price-to-Tangible-Book only.
A closely related ratio is called PB Ratio. As of today, Fortinet's share price is $63.69. Fortinet's Book Value per Sharefor the quarter that ended in Dec. 2023 was $-0.61. Hence, Fortinet's P/B Ratio of today is .
Fortinet Price-to-Tangible-Book Historical Data
The historical data trend for Fortinet's Price-to-Tangible-Book 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 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Price-to-Tangible-Book
14.74
33.01
98.20
-
-
Fortinet Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Price-to-Tangible-Book
-
-
393.70
-
-
Competitive Comparison
For the Software - Infrastructure subindustry, Fortinet's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution
For the Software industry and Technology sector, Fortinet's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Fortinet's Price-to-Tangible-Book falls into.
Fortinet Price-to-Tangible-Book Calculation
Fortinet's price-to-tangible-book ratio for today is calculated as:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Fortinet Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Fortinet's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
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 700,000 customers across the world.
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