Fortive Corporation

LSE:0IRE Stock Report

Market Cap: US$27.5b

Fortive Valuation

Is 0IRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0IRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0IRE ($79.28) is trading below our estimate of fair value ($99.63)

Significantly Below Fair Value: 0IRE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0IRE?

Key metric: As 0IRE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0IRE. This is calculated by dividing 0IRE's market cap by their current earnings.
What is 0IRE's PE Ratio?
PE Ratio31x
EarningsUS$889.30m
Market CapUS$27.55b

Price to Earnings Ratio vs Peers

How does 0IRE's PE Ratio compare to its peers?

The above table shows the PE ratio for 0IRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.2x
WEIR Weir Group
25.4x18.9%UK£5.6b
SPX Spirax Group
26.5x9.0%UK£5.1b
IMI IMI
17.7x12.0%UK£4.5b
ROR Rotork
23.4x8.9%UK£2.8b
0IRE Fortive
31x14.0%US$27.5b

Price-To-Earnings vs Peers: 0IRE is expensive based on its Price-To-Earnings Ratio (31x) compared to the peer average (23.2x).

Price to Earnings Ratio vs Industry

How does 0IRE's PE Ratio compare vs other companies in the European Machinery Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0IRE 31.0xIndustry Avg. 17.4xNo. of Companies29PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0IRE is expensive based on its Price-To-Earnings Ratio (31x) compared to the European Machinery industry average (17.4x).

Price to Earnings Ratio vs Fair Ratio

What is 0IRE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0IRE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31x
Fair PE Ratio26.4x

Price-To-Earnings vs Fair Ratio: 0IRE is expensive based on its Price-To-Earnings Ratio (31x) compared to the estimated Fair Price-To-Earnings Ratio (26.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0IRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$79.28
US$88.01
+11.0%
9.3%US$113.00US$77.00n/a18
Nov ’25US$71.83
US$88.38
+23.0%
9.6%US$115.00US$77.00n/a18
Oct ’25US$78.18
US$87.99
+12.5%
9.7%US$115.00US$75.00n/a18
Sep ’25US$73.98
US$86.68
+17.2%
10.2%US$116.00US$75.00n/a18
Aug ’25US$70.46
US$86.63
+23.0%
10.0%US$115.00US$75.00n/a18
Jul ’25US$72.82
US$88.63
+21.7%
7.9%US$98.00US$75.00n/a18
Jun ’25US$73.51
US$88.63
+20.6%
7.9%US$98.00US$75.00n/a18
May ’25US$75.58
US$88.54
+17.1%
7.7%US$98.00US$75.00n/a19
Apr ’25US$86.08
US$87.91
+2.1%
7.3%US$99.00US$75.00n/a20
Mar ’25US$85.22
US$86.47
+1.5%
7.0%US$98.00US$75.00n/a19
Feb ’25US$81.28
US$85.09
+4.7%
7.9%US$98.00US$72.00n/a19
Jan ’25US$73.51
US$80.19
+9.1%
8.1%US$90.00US$66.00n/a19
Dec ’24US$69.01
US$79.25
+14.8%
9.1%US$90.00US$66.00n/a19
Nov ’24US$64.99
US$79.77
+22.7%
9.3%US$90.00US$66.00US$71.8318
Oct ’24US$74.89
US$83.27
+11.2%
6.9%US$92.00US$70.00US$78.1818
Sep ’24US$79.22
US$83.27
+5.1%
6.9%US$92.00US$70.00US$73.9818
Aug ’24US$78.00
US$81.89
+5.0%
7.6%US$90.00US$70.00US$70.4617
Jul ’24US$74.66
US$76.24
+2.1%
9.3%US$91.00US$63.00US$72.8217
Jun ’24US$65.06
US$76.24
+17.2%
9.3%US$91.00US$63.00US$73.5117
May ’24US$63.28
US$76.44
+20.8%
9.1%US$91.00US$63.00US$75.5816
Apr ’24US$68.04
US$76.69
+12.7%
8.8%US$92.00US$63.00US$86.0816
Mar ’24US$66.94
US$75.72
+13.1%
9.6%US$92.00US$63.00US$85.2217
Feb ’24US$66.64
US$75.43
+13.2%
9.6%US$92.00US$63.00US$81.2817
Jan ’24US$64.48
US$74.35
+15.3%
9.6%US$87.00US$60.00US$73.5118
Dec ’23US$68.26
US$74.02
+8.4%
9.4%US$87.00US$60.00US$69.0118
Nov ’23US$64.18
US$73.96
+15.2%
9.3%US$87.00US$60.00US$64.9919

Analyst Forecast: Target price is less than 20% higher than the current share price.

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