Question 1

What is Fortive's P/E ratio?

Accepted Answer

Fortive (FTV) P/E ratio is 34.7× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Fortive?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Fortive specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

Is Fortive's P/E ratio high or low?

Accepted Answer

Fortive's P/E ratio of 34.7× is above its own 5-year average of 23.7× and above the sector median of 29.4×. That places the current reading at the 97th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Fortive's historical P/E ratio range?

Accepted Answer

In the available daily series, Fortive (FTV) P/E ratio has ranged from a low of 4.9× in 2018 to a high of 36.6× in 2026. The 5-year average is 23.7× and the 5-year median is 23.6×.

Question 7

What was Fortive's P/E ratio in 2025?

Accepted Answer

Fortive (FTV) P/E ratio at the end of 2025 was 30.2×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Fortive's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$17.5B	$579M	30.2×	+6.8×	Dec 31, 2025
2024	$19.5B	$833M	23.4×	+0.9×	Dec 31, 2024
2023	$19.5B	$866M	22.5×	-0.2×	Dec 31, 2023
2022	$17.1B	$755M	22.7×	-11.3×	Dec 31, 2022
2021	$20.7B	$608M	34.0×	+22.8×	Dec 31, 2021
2020	$18B	$1.61B	11.2×	-10.7×	Dec 31, 2020
2019	$16.2B	$739M	21.9×	+17.0×	Dec 31, 2019
2018	$14.3B	$2.91B	4.9×	-10.3×	Dec 31, 2018
2017	$15.9B	$1.04B	15.2×	+1.8×	Dec 31, 2017
2016	$11.7B	$872M	13.4×	+1.2×	Dec 31, 2016
2015	$10.5B	$864M	12.2×	—	Dec 31, 2015


Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Adobe (ADBE)	14.4×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

P/E Ratio for Fortive (FTV) 2015-2026

P/E Ratio daily chart for Fortive (FTV)

Historical P/E Ratio for Fortive (FTV) from 2015 to 2025

About P/E Ratio at Fortive (FTV)

Fortive P/E Ratio by Year

Fortive P/E Ratio 2025: 30.2×

Fortive P/E Ratio 2024: 23.4×

Fortive P/E Ratio 2023: 22.5×

Fortive P/E Ratio 2022: 22.7×

Fortive P/E Ratio 2021: 34.0×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Fortive (FTV) Key Financials