• Fortinet average price/book ratio for 2023 was 1345.69, a 2191.71% decline from 2022.
• Fortinet average price/book ratio for 2022 was 58.72, a 28.57% increase from 2021.
• Fortinet average price/book ratio for 2021 was 45.67, a 44.39% increase from 2020.

Price/book ratio can be defined as