Fortive Corporation (FTV) P/E Ratio History
ExpensiveTrading at 37.6x vs 5Y avg 26.3x · 100th percentile · Material premium to history · Data 2016–2026
Loading P/E history...
P/E Ratio Analysis
As of November 8, 2026, Fortive Corporation (FTV) trades at a price-to-earnings ratio of 37.6x, with a stock price of $65.37 and trailing twelve-month earnings per share of $2.15.
The current P/E is 43% above its 5-year average of 26.3x. Over the past five years, FTV's P/E has ranged from a low of 22.4x to a high of 36.9x, placing the current valuation at the 100th percentile of its historical range.
Compared to the Technology sector median P/E of 28.8x, FTV trades at a 31% premium to its sector peers. The sector includes 337 companies with P/E ratios ranging from 0.0x to 199.3x.
Relative to the broader market, FTV commands a significant premium over the S&P 500 median P/E of 26.3x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FTV DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FTV Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FTV P/E vs Peers
Test and Measurement Instruments peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $162B | 45.7 | - | -5% | |
| $52B | 35.7 | 3.20 | +8% | |
| $48B | 33.6 | 3.50 | -1% | |
| $81B | 26.8 | 2.79 | -10% | |
| $11B | 17.2Lowest | 1.31Best | +6% | |
| $10B | 65.7 | - | -50% | |
| $46B | 55.7 | 6.96 | +39%Best | |
| $29B | 32.8 | 2.68 | +10% | |
| $13B | 30.9 | 12.59 | -71% | |
| $5B | 91.9 | 27.90 | -17% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FTV Historical P/E Data (2016–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Oct 02 2026 | $57.47 | $2.10 | 27.4x | +34% |
| FY2026 Q2 | Jul 03 2026 | $62.65 | $1.70 | 36.9x | +81% |
| FY2026 Q1 | Apr 03 2026 | $56.08 | $1.68 | 33.4x | +64% |
| FY2025 Q4 | Dec 31 2025 | $55.21 | $1.74 | 31.7x | +56% |
| FY2025 Q3 | Sep 26 2025 | $48.53 | $1.76 | 27.6x | +35% |
| FY2025 Q2 | Jun 27 2025 | $53.94 | $2.22 | 24.3x | +19% |
| FY2025 Q1 | Mar 28 2025 | $54.72 | $2.28 | 24.0x | +18% |
| FY2024 Q4 | - | $56.50 | $2.36 | 23.9x | +17% |
| FY2024 Q3 | Sep 27 2024 | $59.67 | $2.51 | 23.8x | +17% |
| FY2024 Q2 | Jun 28 2024 | $55.84 | $2.49 | 22.4x | +10% |
| FY2024 Q1 | Mar 29 2024 | $64.82 | $2.53 | 25.6x | +26% |
| FY2023 Q4 | Dec 31 2023 | $55.49 | $2.44 | 22.7x | +12% |
| FY2023 Q3 | Sep 29 2023 | $55.89 | $2.33 | 24.0x | +18% |
| FY2023 Q2 | Jun 30 2023 | $56.35 | $2.25 | 25.0x | +23% |
| FY2023 Q1 | Mar 31 2023 | $51.37 | $2.14 | 24.0x | +18% |
| FY2022 Q4 | Dec 31 2022 | $48.42 | $2.10 | 23.1x | +13% |
| FY2022 Q3 | Sep 30 2022 | $43.93 | $1.91 | 23.0x | +13% |
| FY2022 Q2 | Jul 01 2022 | $41.35 | $1.80 | 23.0x | +13% |
| FY2022 Q1 | Apr 01 2022 | $45.69 | $1.80 | 25.4x | +24% |
| FY2021 Q4 | Dec 31 2021 | $57.49 | $1.62 | 35.5x | +74% |
| FY2021 Q3 | Oct 01 2021 | $53.52 | $4.54 | 11.8x | -42% |
| FY2021 Q2 | Jul 02 2021 | $53.29 | $4.73 | 11.3x | -45% |
| FY2021 Q1 | Apr 02 2021 | $53.43 | $4.58 | 11.7x | -43% |
| FY2020 Q4 | - | $53.37 | $4.38 | 12.2x | -40% |
| FY2020 Q3 | Sep 25 2020 | $46.77 | $1.53 | 30.6x | +50% |
| FY2020 Q2 | Jun 26 2020 | $41.85 | $1.48 | 28.3x | +39% |
| FY2020 Q1 | Mar 27 2020 | $31.31 | $1.62 | 19.3x | -5% |
| FY2019 Q4 | - | $48.17 | $1.98 | 24.3x | +19% |
| FY2019 Q3 | Sep 27 2019 | $43.26 | $7.63 | 5.7x | -72% |
| FY2019 Q2 | Jun 28 2019 | $51.41 | $7.71 | 6.7x | -67% |
| FY2019 Q1 | Mar 29 2019 | $52.90 | $8.07 | 6.6x | -68% |
| FY2018 Q4 | Dec 31 2018 | $42.67 | $8.38 | 5.1x | -75% |
| FY2018 Q3 | Sep 28 2018 | $53.10 | $3.16 | 16.8x | -18% |
| FY2018 Q2 | Jun 29 2018 | $48.63 | $3.28 | 14.8x | -27% |
| FY2018 Q1 | Mar 30 2018 | $48.88 | $3.13 | 15.6x | -23% |
| FY2017 Q4 | Dec 31 2017 | $45.62 | $2.96 | 15.4x | -24% |
| FY2017 Q3 | Sep 29 2017 | $44.64 | $2.65 | 16.8x | -17% |
| FY2017 Q2 | Jun 30 2017 | $39.95 | $2.54 | 15.7x | -23% |
| FY2017 Q1 | Mar 31 2017 | $37.98 | $2.55 | 14.9x | -27% |
| FY2016 Q4 | Dec 31 2016 | $33.82 | $2.51 | 13.5x | -34% |
| FY2016 Q3 | Sep 30 2016 | $32.10 | $2.56 | 12.5x | -39% |
Average P/E for displayed period: 20.4x
FTV Chart Terminal
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
Live Breakouts Feed
High-probability breakout stocks crossing their pivot across 5 pattern engines.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
10+ years return with dividends reinvested.
Peer Comparison
Compare growth, multiples, and margins vs sector.
FTV — Frequently Asked Questions
Quick answers to the most common questions about buying FTV stock.
What is FTV's P/E ratio?
Fortive Corporation (FTV) trailing twelve-month P/E ratio is 37.6x, based on TTM diluted EPS of $2.15. The 5-year average P/E is 26.3x and the historical range spans 22.4x to 36.9x.
Is FTV stock overvalued or undervalued?
FTV trades at 37.6x P/E, above its 5-year average of 26.3x. The 100th percentile ranking within the 22.4x–36.9x historical range indicates a premium to historical valuation.
Is FTV stock expensive?
Yes, FTV is expensive relative to its own history. The current P/E of 37.6x is above the 5-year average of 26.3x and also above the Technology sector median of 28.8x. The stock sits at the 100th percentile of its 5-year valuation range.
What is FTV's historical P/E range?
Over the past 5 years, FTV's P/E ratio has ranged from 22.4x to 36.9x, with a median of 24.3x and an average of 26.3x. The current P/E of 37.6x places the stock at the 100th percentile of this range. Full historical data spans 2016–2026.
How does FTV's P/E compare to the S&P 500?
FTV trades at 37.6x P/E versus the S&P 500 median of 26.3x. The 43% premium to the market typically reflects higher expected earnings growth or quality.
How does FTV's valuation compare to Technology peers?
Fortive Corporation P/E of 37.6x compares to the Technology sector median of 28.8x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FTV's PEG ratio?
FTV PEG ratio is N/A, based on a P/E of 37.6x and EPS growth of -26.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is FTV's earnings yield?
FTV earnings yield is 2.66%, the inverse of its 37.6x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.