As at May 3, 2024, the FTV stock has a PE ratio of 29.72. This is based on the current EPS of $2.56 and the stock price of $76.08 per share. A decrease of 7% has been recorded in the PE ratio compared to the average of 32.1 of the past four quarters.
The mean historical PE ratio of Fortive over the last eight years is 25.94. The current 29.72 price-to-earnings ratio is 15% 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.
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 |
Currently, FTV's PE ratio is above its 5-year historical average, but it is lower than the 3-year average.
FTV's PE ratio is below its peer stocks MLAB and NTIC.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FTV Fortive Corp | 29.72 | $26.78B |
| NTIC Northern Technologies International Corp | 37.19 | $168.28M |
| MLAB Mesa Laboratories Inc | 679.41 | $623.01M |
| MKSI Mks Instruments Inc | N/A | $8.18B |
FTV stock has a price to earnings ratio of 29.72 as of May 3, 2024.
The 3-year average PE ratio for FTV stock is 30.02.
The 5-year average PE ratio for FTV stock is 28.62.
In the last eight years, the Sep 2020 quarter recorded the highest quarterly PE ratio at 48.16.
FTV's current price to earnings ratio is 15% above its 8-year historical average.
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 (May 3, 2024), Fortive's stock price is $76.08. 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 29.72. PE RATIO(29.72) = STOCK PRICE($76.08) / TTM EPS($2.56)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.