• Fortinet average price/book ratio for 2024 was 75.07, a 94.42% increase from 2023.
• 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.

Price/book ratio can be defined as