Fortive Corp (FTV) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of Fortive Corp stock $35.67, price $65.42, that is 45.5% below the price, quality 73 out of 100. Rating: strongly overvalued. Calculated from audited financials with 22 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $39.63 – $68.34 · fair‑value band $24.91 – $50.79 · the $65.42 price screens above the $35.67 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Fortive Corporation designs, develops, manufactures, and markets products, software, and services in the United States, China, and internationally. It operates through Intelligent Operating Solutions and Advanced Healthcare Solutions segments.
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The Intelligent Operating Solutions segment provides advanced instrumentation, software, and services, including maintenance, repair, measurement and condition monitoring, facility and asset lifecycle software applications, and connected worker safety and compliance solutions for manufacturing, process industries, healthcare, utilities and power, communications and electronics, and other industries.
This segment markets its products and services under the ACCRUENT, FLUKE, GORDIAN, INDUSTRIAL SCIENTIFIC, INTELEX, and SERVICECHANNEL brand names.
The Advanced Healthcare Solutions segment provides critical workflow solutions comprising instrument sterilization, instrument tracking, biomedical test tools, radiation detection and safety monitoring, and end-to-end clinical productivity software and solutions under the ASP, CENSIS, FLUKE BIOMEDICAL, LANDAUER, and PROVATION brand names.
Fortive Corporation was incorporated in 2015 and is headquartered in Everett, Washington.
Stock analysis
Fortive Corp (FTV) currently trades at $65.42, while our model-based Fair Value estimate is $35.67, 45% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $40.86 per share, and 0 of the 22 models we run sit above the $65.42 price.
Bear case: the Earnings-Based group reads lowest at $16.71, and 22 of the 22 models stay below the price. Data coverage for this calculation is high.
Scenario range: $24.91 (bear) to $50.79 (bull), the price of $65.42 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Fortive Corp reported revenue of $5.1B in FY2025 versus $5.3B in FY2021, a compound −0.5%/yr. Reported net income was $579M in FY2025, compounding −1.2%/yr from FY2021.
Key figures
Market cap $20.1B Large · P/E ratio 31.0 · P/S ratio 4.58 · EPS (TTM) $2.11 · Dividend yield 0.4% · Net margin 14.8% · Return on equity 10.6% · Return on assets (EBIT) 6.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −20% fair-value upside, at −45%, FTV screens richer than that median.
Fair Value models
Bear$24.91Fair Value $35.67Bull$50.79
Price $65.42 · Downside -45.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($1.58 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors sold shares worth $5.4M and none bought.
SalePeter C UnderwoodSVP - Chief Legal Officer4× since Nov 10, 2025: 162,794 shares, avg. $58.58$9.5MOct 30, 2026
SaleChristopher M. MulhallVP - Chief Accounting Officer26,055 shares at $65.56$1.7MOct 30, 2026
SaleKate MitchellDirector7,131 shares at $58.34$416,023Feb 18, 2026
Plus 13 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.77/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.4%
Revenue growth 12 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+0.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+0.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.3%
Dividend (yield on the price)0.4%
Per share before 2025divided by the spin-off factor 1.327
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.1% vs −0.4%, steady
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.14% → 18%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+11.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−0.5%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +8.5% a year for the price and −2.8% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (98 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
AI conclusion: The business draws predictable demand from customers' ongoing operating budgets, yet shows no clear durable advantage because public signals remain too thin for assessment.
Main risk: Lower-priced alternatives from Chinese manufacturers such as UNI-T and APPA could commoditise handheld test tools and capture share in price-sensitive segments, squeezing volumes and pricing power for Fluke products.
Bull case: Fortive could embed its own AI copilots and remote-update features more deeply into Fluke and Tektronix tools while expanding recurring software subscriptions, turning the technology shift into higher customer retention and margin expansion.
Bear case: If AI narrows differentiation and low-cost Chinese tools gain traction, Fortive might see sustained share loss in core test equipment, slower recurring-revenue growth and compressed margins in its hardware-heavy segments despite software efforts.
Fortive operates two focused segments that supply essential test, measurement and workflow tools, with most sales coming from customers' ongoing operating budgets instead of large capital projects. This model can deliver more predictable demand, yet growth still depends on how well the Fortive Business System lifts recurring revenue and margins across industrial and healthcare markets. With the third-quarter update approaching, will steady execution on those recurring streams outweigh any broader industrial softness?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Scientific & Technical Instruments · 161 stocks
P/B3.12× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
P/S (12 months)4.58× · Pricier than median
Price / free cash flow (fiscal year)20.6× · Cheaper than median
EV/EBITDA16.8× · Cheaper than median
PEG1.29× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)39· sector 47
PAST (return on equity)42· sector 24
HEALTH (low debt)82· sector 99
DIVIDEND (yield)8· sector 20
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Fortive Corp Fair Value". https://www.fairvalue-calculator.com/stock/FTV
Frequently asked questions
Is Fortive Corp (FTV) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of $35.67 versus a price of $65.42, about 45% lower (overvalued).
What is the fair value of FTV?
Our model-based fair value for Fortive Corp is $35.67 (as of Nov 4, 2026), built from audited fundamentals. The current price: $65.42.
What is the quality score of FTV?
Fortive Corp has a Quality Score of 73/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Fortive Corp (FTV)?
Our model-based price target is the fair value of $35.67 (as of Nov 4, 2026) from 22 valuation models. Cautious scenario $24.91, optimistic scenario $50.79. It is a calculation from audited fundamentals, not an analyst target.
What is the Fortive Corp stock forecast for 2026?
Our models put fair value at $35.67, about 45% lower versus a price of $65.42 (overvalued). Cautious scenario $24.91, optimistic scenario $50.79. The calculation is refreshed regularly with new filings.
What is the revenue of Fortive Corp (FTV)?
Fortive Corp reported trailing-twelve-month revenue of about $4.4B (latest available figure, as of Nov 4, 2026).
Does Fortive Corp pay a dividend?
Fortive Corp currently shows a dividend yield of 0.38% relative to its recent price (as of Nov 4, 2026).
What growth is priced into Fortive Corp (FTV)?
For today's price to be fair in a discounted-cash-flow model, Fortive Corp would have to grow free cash flow by +11.1 % per year for five years (discount rate 9.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.1 % per year. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of FTV use?
Our models discount Fortive Corp at 9.2 %: a base by market capitalisation (large), damped by beta 0.99, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Fortive Corp that is +11.1 % per year a year over ten years, using the same discount rate (9.2 %) and the same formula as our fair value.
How much growth has Fortive Corp (FTV) delivered so far?
Over the past 5 years revenue at Fortive Corp grew +2.1 % a year. The price currently implies +11.1 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Fortive Corp (FTV) growing?
The median revenue growth in the sector is +7.9 % a year. That is the yardstick for the growth priced into Fortive Corp (+11.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fortive Corp (FTV)?
The free-cash-flow yield on the price is 4.86 %: that much free cash flow Fortive Corp produces per unit of market value. When it exceeds the discount rate of our models (9.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fortive Corp (FTV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fortive Corp it is $35.67 per share (as of Nov 4, 2026), against a price of $65.42. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Fortive Corp stock overvalued or undervalued in 2026?
As of Nov 4, 2026, FTV trades above its calculated fair value: price $65.42, fair value $35.67, a gap of about −45% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FTV?
No. The price is what the market pays today ($65.42); the fair value is what the company's own numbers justify ($35.67). For Fortive Corp the two are $29.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fortive Corp worth?
The market values Fortive Corp at about $20.1B (market capitalisation, as of Nov 4, 2026). Per share that is $65.42; our models calculate a fair value of $35.67 per share.
What do the bullish and bearish scenarios say about FTV?
Our models span a range for Fortive Corp: cautious scenario $24.91, base $35.67, optimistic $50.79 per share (as of Nov 4, 2026, price $65.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of FTV?
Fortive Corp trades at a price-to-earnings ratio of 31.0 (as of Nov 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $35.67 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 39.2 (reported for FY2025: 36.1). Other multiples: PEG 1.3, P/B 3.1, P/S 4.6, EV/EBITDA 16.8.
What is the PEG ratio of FTV?
The PEG ratio of Fortive Corp is 1.29 (P/E divided by earnings growth, as of Nov 4, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Fortive Corp (FTV)?
Balance-sheet figures for Fortive Corp (as of Nov 4, 2026): return on equity 10.6%, debt of 0.36 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is FTV from its 52-week high?
Fortive Corp trades at $65.42, about 4% below its 52-week high of $68.34 and 31% above the low of $50.07 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $35.67 is for.
Which stocks are comparable to Fortive Corp?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Fortive Corp stock attractive at the current price?
The data as of Nov 4, 2026: price $65.42, calculated fair value $35.67 (−45%), Quality Score 73/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FTV calculated?
We run Fortive Corp through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $35.67, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. Fortive Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Fortive Corp (FTV)?
The closing price on Nov 5, 2026 was $65.42. Our model-based fair value is $35.67, about 45% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fortive Corp right now?
The price sits above even our optimistic bull case ($50.79). The favourable scenario is already priced in. Solid but not exceptional quality (73/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($24.91 to $50.79) leaves room in how you read the outcome.
Where does the earnings growth of Fortive Corp (FTV) come from?
Earnings per share at Fortive Corp grew −1.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.7 %, EBIT margin −1.1 %, tax rate +2.3 %, residual (interest, one-offs) −1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Fortive Corp
How large is the market capitalisation of Fortive Corp (FTV)?
The market capitalisation of Fortive Corp is $20.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Fortive Corp (FTV)?
The price-to-sales ratio of Fortive Corp is 4.58 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Fortive Corp (FTV)?
Earnings per share at Fortive Corp are $2.11 (price ÷ EPS = P/E 31.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Fortive Corp (FTV)?
The dividend yield of Fortive Corp is 0.4% (payout 12.8%, on adjusted earnings, reported 11.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Fortive Corp (FTV)?
The net margin of Fortive Corp is 14.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Fortive Corp (FTV)?
The return on equity (ROE) of Fortive Corp is 10.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Fortive Corp (FTV)?
On an EBIT basis the return on assets of Fortive Corp is 6.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Fortive Corp (FTV)?
The operating margin of Fortive Corp is 21.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fortive Corp (FTV)?
Revenue at Fortive Corp is growing +7.8% versus a year earlier (3y avg −4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Fortive Corp (FTV)?
Earnings per share at Fortive Corp are growing +248% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Fortive Corp (FTV) carry?
The net debt of Fortive Corp is $2.8B (fiscal year 2025, ≈ 2.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 4, 2026