Using the industry peer median P/E multiple (trailing + forward), Fortive Corporation (FTV) has a fair value of $40.26 based on 6 comparable companies in the Hardware, Equipment & Parts industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Fortive CorporationFTV | 17,586 | 31.6x | 18.6x |
| Corpay, Inc.CPAY | 20,612 | 19.6x | 15.5x |
| F5, Inc.FFIV | 16,787 | 25.0x | 19.2x |
| Trimble Inc.TRMB | 15,577 | 37.4x | 23.0x |
| Gen Digital Inc.GEN | 11,702 | 18.4x | 9.7x |
| Gartner, Inc.IT | 11,238 | 16.2x | 13.1x |
| GoDaddy Inc.GDDY | 10,994 | 13.1x | 11.7x |
| Industry Median | 19.0x | 14.3x | |
| (*) Profit after tax | 579 | 947 | |
| Equity Value | 11,012 | 14,708 | |
| (/) Outstanding shares | 319 | 319 | |
| Fair Price | $34 | $46 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.