P/E ratio for Fortive (FTV)
P/E ratio as of July 2025 (TTM): 22.1
According to Fortive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 22.1391. At the end of 2024 the company had a P/E ratio of 31.4.
P/E ratio history for Fortive from 2016 to 2025
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2024 | 31.4 | 4.42% |
| 2023 | 30.1 | -1.3% |
| 2022 | 30.5 | -34.94% |
| 2021 | 46.8 | 201.36% |
| 2020 | 15.5 | -51.65% |
| 2019 | 32.1 | 382.25% |
| 2018 | 6.66 | -66.88% |
| 2017 | 20.1 | 13.27% |
| 2016 | 17.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Mesa Laboratories MLAB | -1.66 | -107.50% | 🇺🇸 USA |
 MKS Instruments MKSI | 30.2 | 36.24% | 🇺🇸 USA |
 Luna Innovations
LUNA | -12.5 | -156.46% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.