Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2025 · View financials
Decision snapshot: MKC stock price vs FTNT: inconclusive Relative valuation is incomplete for this pair. Review the available filing metrics before drawing a conclusion.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at FTNT's multiple
Needs FTNT P/E.
Implied fair value · at MKC's multiple
Needs MKC P/E.
Live quote
Price unavailable
Metric by metric
Where each company leads, and how wide the gap is.
Growth lag
Pricing power
Operating leverage
Lower is better
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: MKC FY 2025 (ended Nov 30, 2025) · FTNT FY 2025 (ended Dec 31, 2025). Fiscal years are not aligned.
Trendline
Five fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Price framework
Discounted free cash flow, then bridged to a per-share price. Same assumptions applied to both companies.
McCORMICK & COMPANY, INCORPORATED · implied price per share
Bear
$25.79
Base
$30.34
Bull
$34.89
FORTINET, INC. · implied price per share
Bear
$26.80
Base
$31.53
Bull
$36.26
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Not enough data to score either balance sheet.
Debt / equity
Total debt against shareholders' equity
0.72x
0.81x
Net debt / EBITDA
Leverage against operating earnings
2.52x
-0.92x
Cash and equivalents
Liquid reserves on the balance sheet
$95.90M
$3.27B
Total debt
Interest-bearing obligations outstanding
$4.12B
$996.30M
Comparable set
Where the pair sits against the wider comparable set.
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Live quote
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
Based on an earlier data snapshot. Review the filing dates below or refresh after signing in.
If you believe MKC can sustain its stable margins and ROIC while the market eventually assigns it a valuation closer to its own historical and DCF ranges rather than FTNT’s growth multiple, then MKC looks attractive to hold or accumulate because FTNT-implied $189.22 estimate depends on a valuation regime that FTNT’s fundamentals, not MKC’s, justify.
MKC’s current price of $53.45 implies a very large discount versus the FTNT-based P/E valuation of $189.22, driven mainly by FTNT’s much higher earnings multiple. However, MKC also sits close to its own historical and DCF ranges, which suggests the stock is not obviously mispriced on an absolute basis even if it screens cheap relative to FTNT.
Supporting Metrics
