As of Q4'25, FTNT's PEG Ratio (5yr expected) stands at 3.67, marking a notable increase from the previous quarter's value of 3.22. This latest data point reflects a recovery from the significant volatility observed in prior quarters. Over the period from Q1'23 to Q4'25, the PEG Ratio has exhibited considerable fluctuations, ranging from a low of -12.21 in Q4'24 to a high of 25.79 in Q2'25. The chart shows sharp swings, including negative values in several quarters, indicating periods of either negative earnings growth or market overreaction. Despite these fluctuations, the most recent quarters suggest a stabilization around the 3–4 range, signaling a potential normalization in FTNT's growth expectations relative to its valuation.