# Fortive Corporation (FTV) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Technology / Electronic Components & Instruments. Price $66.81, market value $19.9 billion.

## Valuation
- **P/E (trailing): 31.7×** (5-yr avg 27.1×, 3-yr avg 26.1×). Fortive Corporation trades at 31.7× trailing earnings, close to its own five-year average of 27.1×. The Technology median in the September 2026 study was 32.1×. Forward P/E is 20.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 5.1×**. Each dollar of revenue is priced at 5.1×.
- **Price / book: 3.3×**. The shares trade at 3.3× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 18.0×**. Enterprise value is 18.0× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 5.5%** (5-yr avg 6.1%). Free cash flow equals 5.5% of the market value, in line with its five-year average of 6.1%. Above 5% is generally attractive.
- **Earnings yield: 3.2%**. The inverse of the P/E: 3.2% of the price is earned each year.

## Profitability
- **Gross margin: 65.2%**. Fortive Corporation keeps 65.2% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 20.8%**. 20.8% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 13.9%**. 13.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.0%**. 9.0% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on invested capital: 6.9%**. Return on all capital, debt included, is 6.9%.
- **Return on assets: 5.6%**. Each dollar of assets produces 5.6% of profit.

## Growth
- **Revenue growth (1 yr): 1.9%** (3-yr -10.6%/yr, 5-yr -2.1%/yr). Revenue grew 1.9% over the last year, against -2.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): -26.7%** (3-yr -6.3%/yr, 5-yr -17.4%/yr). Earnings per share fell 26.7%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -6.8%/yr**. Free cash flow has compounded at -6.8% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.50**. Debt is 0.50 times equity: a conservative balance sheet.
- **Net debt / EBITDA: 2.2×**. It would take 2.2 years of operating earnings to repay net borrowings, within the comfortable range.
- **Current ratio: 0.71** (quick 0.71). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 0.42%** ($0.25 per share, trailing). Fortive Corporation yields 0.42%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 16%** (7% of free cash flow). 16% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 5.4%/yr** (1-yr -0.2%). The dividend has grown 5.4% a year over five years.

## Analyst view
- **Analyst consensus: hold** (14 analysts). 14 analysts cover Fortive Corporation; the consensus is hold, with an average price target of $67.07 (+0% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 33.2%** (YTD 21.3%, 3-mo 12.4%). The shares are up 33.2% over twelve months including dividends.
- **From 52-week high: -1.2%** (34.6% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 80**. An RSI of 80 is in overbought territory; short-term pullbacks are common from here.
- **Beta (1 yr): 0.61** (volatility 27%). Beta of 0.61 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FTV · Page: https://foliofundamentals.com/stocks/ftv

Not investment advice.