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Stock Comparison · Industry comparison · Software - Infrastructure

Fortinet vs Gen Digital: Which Stock Looks Stronger in 2026?

Gen Digital holds the cleaner structural position, with valuation as the main driver and stability adding further support. Fortinet still has the edge on stability, which keeps the comparison from looking entirely one-sided. The market setup is currently leaning toward Fortinet, which does not confirm the structural lead. That leaves a split case: the structural lead stays with Gen Digital, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-05-17

The clearest separation starts in valuation, but growth adds another real layer to the result. Gen Digital Inc. leads by 15 points on the overall comparison score.

INDUSTRY COMPARISON

Both operate in: Software - Infrastructure

This comparison is based on industry proximity, not on functional trajectory similarity. FTNT and GEN share the same industry classification.

For a similarity-based comparison, see how Fortinet and Gen Digital each position within their functional peer groups in AssetNext.

Peer-Relative Score
FTNT
Fortinet, Inc.
49
Peer-Score
Signal qualityMedium
Peer basis: S&P 500
vs
GEN
Gen Digital Inc.
64
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: FTNT vs GEN Profitability 40 48 Stability 50 32 Valuation 40 83 Growth 77 92 FTNT GEN
Gap Ranking
#1 Valuation +43
#2 Stability +18
#3 Growth +15
#4 Profitability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for FTNT and GEN Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer FTNTGEN Relative valuation Structural strength

Gen Digital Inc. and Fortinet, Inc. look relatively close on structure, but the price setup still leans toward Gen Digital Inc..

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where FTNT and GEN each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY FTNT Elevated · above norm 0th 50th 100th 47 pct gap GEN Neutral · near norm 0th 50th 100th 99th 52nd
Today GEN sits in the upper-middle of its own 5-year history (52nd percentile), while FTNT sits higher in its own history (99th). Within each stock's own 5-year context, GEN is at a historically more favourable entry position than FTNT. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but Gen Digital Inc. still holds a clear edge.
Stability
On stability, Fortinet, Inc. is positioned higher in the group, while Gen Digital Inc. is closer to the middle.
Valuation — Dominant Gap
FTNT
40
GEN
83
Gap+43in favour of GEN

The multiple-based pricing edge comes from a forward P/E that is 29 turns lower.

What keeps the gap from being one-sided

The market setup is mixed for both, so the structural comparison carries most of the weight here.

What this means for the comparison

The valuation edge is decisive, even though current pricing and stability still lean somewhat toward Fortinet, Inc..

Explore full peer positioning in AssetNext

Break down the FTNT vs GEN comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-driven comparisons

Explore how FTNT and GEN each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.