Is Fortinet, Inc. (FTNT) Undervalued?
Based on the current stock price of $81.56 and a P/E ratio of 33.56,Fortinet, Inc. has a PEG ratio of 2.46.
The Short Answer:
Most analysts consider a PEG ratio below 1.0 to be undervalued. With a ratio of 2.46, FTNT appears to be potentially overvalued relative to its growth rate of 13.65%.
Based on a PEG ratio of 2.46 (adjusted for dividends).
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How we analyzed FTNT
We calculated the PEG (Price/Earnings-to-Growth) ratio by taking the Price-to-Earnings Ratio of 33.56and dividing it by the annual growth rate of 13.65%.
PEG = 33.56 (P/E) ÷ 13.65 (Growth) = 2.46
Frequently Asked Questions about FTNT
What is the current PEG Ratio for Fortinet, Inc. (FTNT)?+
The current PEG Ratio for Fortinet, Inc. is 2.46. A PEG ratio below 1.0 generally suggests the stock may be undervalued relative to its growth.
Is FTNT stock undervalued right now?+
Based on the PEG ratio of 2.46, Fortinet, Inc. appears to be potentially overvalued. Investors typically look for a PEG ratio below 1.0 to find undervalued growth stocks.
What is the PEGY Ratio for FTNT?+
The PEGY ratio for Fortinet, Inc. is 2.46. This metric accounts for dividend yield (0.00%), providing a more complete valuation picture.