Fortive Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 FTV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FTV ($82.41) is trading below our estimate of fair value ($152.87)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

FTV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.1x
Enterprise Value/EBITDA19.5x
PEG Ratio2.5x

Price to Earnings Ratio vs Peers

How does FTV's PE Ratio compare to its peers?

The above table shows the PE ratio for FTV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average37.1x
XYL Xylem
50.9x15.7%US$31.0b
DOV Dover
22.4x7.6%US$23.6b
IR Ingersoll Rand
47.6x15.5%US$37.1b
OTIS Otis Worldwide
27.6x7.1%US$38.9b
FTV Fortive
33.4x13.2%US$29.0b

Price-To-Earnings vs Peers: FTV is good value based on its Price-To-Earnings Ratio (33.4x) compared to the peer average (37.1x).


Price to Earnings Ratio vs Industry

How does FTV's PE Ratio compare vs other companies in the US Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: FTV is expensive based on its Price-To-Earnings Ratio (33.4x) compared to the US Machinery industry average (23.4x).


Price to Earnings Ratio vs Fair Ratio

What is FTV'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.

FTV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.4x
Fair PE Ratio27.4x

Price-To-Earnings vs Fair Ratio: FTV is expensive based on its Price-To-Earnings Ratio (33.4x) compared to the estimated Fair Price-To-Earnings Ratio (27.4x).


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 FTV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$82.41
US$90.41
+9.7%
7.8%US$101.00US$75.00n/a20
Apr ’25US$84.62
US$87.91
+3.9%
7.3%US$99.00US$75.00n/a20
Mar ’25US$85.64
US$86.47
+1.0%
7.0%US$98.00US$75.00n/a19
Feb ’25US$82.23
US$85.09
+3.5%
7.9%US$98.00US$72.00n/a19
Jan ’25US$73.63
US$80.19
+8.9%
8.1%US$90.00US$66.00n/a19
Dec ’24US$69.30
US$79.25
+14.4%
9.1%US$90.00US$66.00n/a19
Nov ’24US$65.19
US$79.77
+22.4%
9.3%US$90.00US$66.00n/a18
Oct ’24US$74.16
US$83.27
+12.3%
6.9%US$92.00US$70.00n/a18
Sep ’24US$79.02
US$83.27
+5.4%
6.9%US$92.00US$70.00n/a18
Aug ’24US$78.31
US$81.89
+4.6%
7.6%US$90.00US$70.00n/a17
Jul ’24US$74.77
US$76.24
+2.0%
9.3%US$91.00US$63.00n/a17
Jun ’24US$65.47
US$76.24
+16.5%
9.3%US$91.00US$63.00n/a17
May ’24US$63.88
US$76.44
+19.7%
9.1%US$91.00US$63.00n/a16
Apr ’24US$68.17
US$76.69
+12.5%
8.8%US$92.00US$63.00US$84.6216
Mar ’24US$66.78
US$75.72
+13.4%
9.6%US$92.00US$63.00US$85.6417
Feb ’24US$65.87
US$75.43
+14.5%
9.6%US$92.00US$63.00US$82.2317
Jan ’24US$64.25
US$74.35
+15.7%
9.6%US$87.00US$60.00US$73.6318
Dec ’23US$67.89
US$74.02
+9.0%
9.4%US$87.00US$60.00US$69.3018
Nov ’23US$63.94
US$73.96
+15.7%
9.3%US$87.00US$60.00US$65.1919
Oct ’23US$58.30
US$74.33
+27.5%
10.7%US$87.00US$60.00US$74.1618
Sep ’23US$63.27
US$74.33
+17.5%
10.7%US$87.00US$60.00US$79.0218
Aug ’23US$64.43
US$74.33
+15.4%
10.7%US$87.00US$60.00US$78.3118
Jul ’23US$54.87
US$77.61
+41.4%
13.9%US$98.00US$58.00US$74.7718
Jun ’23US$61.37
US$78.00
+27.1%
13.0%US$98.00US$62.00US$65.4718
May ’23US$57.50
US$79.28
+37.9%
12.5%US$98.00US$62.00US$63.8818
Apr ’23US$60.63
US$83.83
+38.3%
10.6%US$98.00US$61.00US$68.1718

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


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