NYSE · FTV
Fortive Corporation
Technology · Hardware, Equipment & Parts
$57.47▲ 2.92% ($1.63)at close
As of 4:02 PM ET
Market cap
$17.36B
P/E
Valuation
Cash-flow DCF
Verdict: fairly priced. Price above Base.
The price needs 7.9% free cash flow growth a year for 5 years. Our scenarios assume −10.4–13.1%.
Its past 10 years averaged −1.9% a year.
Value per share
Base case
$33.96
Price used $57.47 is 1.7× this
USD · TTM ending Jul 3, 2026 · Price Oct 2, 8:02 PM UTC
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
1 more note
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
Free cash flow each value needs
Free cash flow today $1B. The price needs $1.8B by 2036. Base case: $1.1B. At its recent pace: $851M. Bear to Bull: $710M to $2.7B.
Free cash flow today $1B. The price needs $1.8B by 2036. Base case: $1.1B. At its recent pace: $851M. Bear to Bull: $710M to $2.7B.
Free cash flow in 2036
today $1B
+$685Mmore than the Base case · 1.6×
Value per share · Base case
$33.96
Price $57.47
1.7× this
- Stage 1 growth, yrs 1–5
- −1.9%
- Stage 2 growth, yrs 6–10
- 3.5%
- Discount rate
- 9.4%
FCFF base normalized by replacing latest capex with the company's trailing median capex-to-revenue ratio.
1 more note
Historical FCFF CAGR and the default growth rates are taken from the raw historical series. The valuation base is normalized for the current-period DCF.
USD · TTM ending Jul 3, 2026 · Price Oct 2, 8:02 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 15.45% over the last year. Revenue declined 29.8% over the trailing twelve months. Operating margin moved from 18.42% to 18.23%. Free cash flow declined 31.81% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 92nd percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 18.23%) would need to stabilize or improve to justify the move. Revenue is declining 29.8% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Return analysis
Company profile
Fortive Corporation is a global industrial technology company that specializes in the conception, development, manufacturing, marketing, and servicing of sophisticated professional and engineered products, as well as software platforms and associated services.
Market multiples
Stock splits
Every 1000 shares became 1327
Every 200 shares became 239
Profitability & growth
Analyst consensus
11
Buy
17
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Oct 28, 2026
Q3 FY26 · EPS est $0.70 · Revenue est $1.07B
View
Institutional Sentiment
Fortive Corporation · FTV
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.