As at Jul 26, 2024, the FTV stock has a PE ratio of 28.06. This is based on the current EPS of $2.53 and the stock price of $70.99 per share. A decrease of 10% has been recorded in the PE ratio compared to the average of 31.1 of the past four quarters.
The mean historical PE ratio of Fortive over the last eight years is 26.04. The current 28.06 price-to-earnings ratio is 8% 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 lower than the 3 and 5-year averages.
FTV's PE ratio is below its peer stock NTIC.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FTV Fortive Corp | 28.06 | $24.87B |
| NTIC Northern Technologies International Corp | 28.98 | $128.59M |
| MSAI Infrared Cameras Holdings Inc | N/A | $21.87M |
| MLAB Mesa Laboratories Inc | N/A | $595.1M |
FTV stock has a price to earnings ratio of 28.06 as of Jul 26, 2024.
The 3-year average PE ratio for FTV stock is 31.26.
The 5-year average PE ratio for FTV stock is 29.55.
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 8% 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 (Jul 26, 2024), Fortive's stock price is $70.99. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $2.53. Therefore, Fortive's price to earnings ratio for today is 28.06. PE RATIO(28.06) = STOCK PRICE($70.99) / TTM EPS($2.53)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.