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FTV Fortive PE ratio, current and historical analysis

As at Jun 20, 2024, the FTV stock has a PE ratio of 28.5. This is based on the current EPS of $2.56 and the stock price of $72.97 per share. A decrease of 11% has been recorded in the PE ratio compared to the average of 32.1 of the past four quarters.

FTV PE ratio history

How has FTV's PE ratio performed in the past

The mean historical PE ratio of Fortive over the last eight years is 25.94. The current 28.5 price-to-earnings ratio is 10% more than the historical average. In the past eight years, FTV's PE ratio reached its highest point in the Sep 2020 quarter at 48.16, with a price of $74.17 and an EPS of $1.54. The Dec 2018 quarter saw the lowest point at 8.12, with a price of $67.66 and an EPS of $8.33.

Average
25.94
Median
26.23
Minimum
8.12
Maximum
48.16

Fortive PE ratio by year

Maximum annual increase: 372.78% in 2019

Maximum annual decrease: -66.22% in 2018

Year PE ratio Change
2023 29.93 -1.25%
2022 30.31 -34.85%
2021 46.52 200.91%
2020 15.46 -59.73%
2019 38.39 372.78%
2018 8.12 -66.22%
2017 24.04 12.97%
2016 21.28 N/A
2015 N/A N/A
2014 N/A N/A

FTV average PE ratio chart

What is the average PE ratio of FTV for the past years

Currently, FTV's PE ratio is lower than the 3 and 5-year averages.

3-year avg
30.02
5-year avg
28.62
10-year avg
N/A
15-year avg
N/A

FTV PE vs peers

What is FTV's PE ratio compared to its peers

FTV's PE ratio is below its peer stocks MLAB and NTIC.

Stock name PE ratio Market cap
FTV Fortive Corp 28.5 $25.69B
NTIC Northern Technologies International Corp 33.77 $152.82M
MLAB Mesa Laboratories Inc 539.41 $494.63M
MSAI Infrared Cameras Holdings Inc N/A $28.88M

Frequently asked questions

What is Fortive's PE ratio?

FTV stock has a price to earnings ratio of 28.5 as of Jun 20, 2024.

What is the 3-year average PE ratio for Fortive (FTV)?

The 3-year average PE ratio for FTV stock is 30.02.

What is the 5-year average PE ratio for Fortive (FTV)?

The 5-year average PE ratio for FTV stock is 28.62.

What is the highest PE ratio for FTV?

In the last eight years, the Sep 2020 quarter recorded the highest quarterly PE ratio at 48.16.

How does the current PE ratio for FTV compare to its historical average?

FTV's current price to earnings ratio is 10% above its 8-year historical average.

How is FTV's PE ratio calculated (Fortive PE ratio formula)?

You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jun 20, 2024), Fortive's stock price is $72.97. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.56. Therefore, Fortive's price to earnings ratio for today is 28.5. PE RATIO(28.5) = STOCK PRICE($72.97) / TTM EPS($2.56)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.