P/E ratio for Fortive (FTV)
P/E ratio as of May 2024 (TTM): 33.0
According to Fortive's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 32.9744. At the end of 2022 the company had a P/E ratio of 30.5.
P/E ratio history for Fortive from 2016 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
|---|---|---|---|
 MKS Instruments MKSI | -4.99 | -115.13% | 🇺🇸 USA |
 Mesa Laboratories MLAB | 359 | 990.15% | 🇺🇸 USA |
 Luna Innovations
LUNA | -60.2 | -282.57% | 🇺🇸 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.