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FortiveFTV +1.38%84 EV-to-OCF is 20.72 as of Aug. 10, 2026, which is 29% above its 10-year median of 16.02. GuruFocus rates FTV with a GF Score™ of 84/100 and a GF Value™ of $63.32 (Fairly Valued). The stock has 8 warning signs investors should review. Among 2,496 Hardware companies, Fortive ranks worse than 67.31% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Fortive's Enterprise Value is $21,781 Mil.
Fortive's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $1,051 Mil. Therefore, Fortive's EV-to-OCF for today is 20.72.
The historical rank and industry rank for Fortive's EV-to-OCF or its related term are showing as below:
FTV'
s EV-to-OCF Range Over the Past 10 Years
Min: 11.18 Med: 16.02 Max: 25.16
Current: 20.72
During the past 13 years, the highest EV-to-OCF of Fortive was 25.16. The lowest was 11.18. And the median was 16.02.
FTV's EV-to-OCF is ranked worse than 67.31% of 2496
companies
in the Hardware industry
Industry Median: 8.95
vs FTV: 20.72
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Fortive's share price for today is $61.71.
Fortive's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.690.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Fortive EV-to-OCF Related Terms
Fortive EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Fortive's EV-to-OCF can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Scientific & Technical Instruments subindustry, Fortive's EV-to-OCF, along with its competitors' market caps and EV-to-OCF data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Fortive EV-to-OCF vs Hardware Industry
For the Hardware industry and Technology sector, Fortive's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Fortive's EV-to-OCF falls into.
Fortive's current Enterprise Value is $21,781 Mil.
Fortive's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,051 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Fortive (FTV) has a EV-to-OCF of 20.72 as of Aug. 10, 2026. This is 29% above median its historical median of 16.02. Over the past decade, Fortive's EV-to-OCF has ranged from 11.18 to 25.16. According to the industry distribution chart, Fortive ranks #1680 out of 2496 companies in the Hardware industry, placing it in the top 67.3%.
Is Fortive's EV-to-OCF too high?
Fortive's current EV-to-OCF of 20.72 is 29% above median its 10-year median of 16.02. Over the past 10 years, this metric has ranged from a low of 11.18 to a high of 25.16. The Hardware industry median EV-to-OCF is 8.95. Fortive's value of 20.72 is 131.5% above this industry median. Based on the distribution chart, Fortive ranks #1680 out of 2496 companies in the Hardware industry, which is below the industry midpoint. Overall, Fortive has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fortive's EV-to-OCF compare to MKSI and TRMB?
According to the Hardware industry distribution chart, Fortive ranks #1680 out of 2496 companies for EV-to-OCF. This places Fortive in the lower half of its industry. The industry median EV-to-OCF is 8.95. Fortive's value of 20.72 is 131.5% above this benchmark. Historically, Fortive's own EV-to-OCF has ranged from 11.18 to 25.16 over the past decade. While the company's 10-year median is 16.02 vs. the industry median of 8.95, Fortive has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for a Hardware company?
The median EV-to-OCF among Hardware companies is 8.95, based on 2,496 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fortive's current EV-to-OCF of 20.72 is 131.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median EV-to-OCF is 8.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fortive's current EV-to-OCF is 20.72, which is 29% above median its own 10-year median of 16.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fortive stock overvalued right now?
Based on GuruFocus' analysis, Fortive (FTV) is currently considered Fairly Valued. The stock's GF Value™ is $63.32, compared to a current price of $61.71 — trading 2.5% below its estimated fair value. The current EV-to-OCF is 20.72, which is 29% above median its 10-year median of 16.02 and 131.5% above the Hardware industry median of 8.95. Fortive's overall GF Score™ is 84/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Fortive (FTV), the current EV-to-OCF is 20.72 as of Aug. 10, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fortive (FTV) Overvalued in 2026?
Based on GuruFocus' analysis, Fortive stock appears to be undervalued.
The current stock price of $61.71 is trading 2.5% below its estimated GF Value™ of $63.32.
GuruFocus considers Fortive to be Fairly Valued.
Key valuation signals for FTV:
EV-to-OCF: 20.72 (29% above median its 10-year median of 16.02)
GF Value™: $63.32 vs. price of $61.71 (2.5% below fair value)
Industry Position: 131.5% above the Hardware median (#1680 of 2496)
No single metric tells the full story. See the FTV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fortive Corp is a diversified industrial technology firm offering essential technologies, software, and services globally across several industries, such as manufacturing, utilities, medical, electronics, etc. It has two reportable segments: Intelligent Operating Solutions and Advanced Healthcare Solutions. Maximum revenue is generated from the Intelligent Operating Solutions segment, which offers professional instruments used in applications like maintenance, repair, measurement, and condition monitoring, connected worker safety, compliance solutions, etc. The products and services in this segment are marketed under various brands, including Fluke, Servicechannel, Gordian, Accruent, Industrial Scientific, and Intelex. Geographically, the firm generates maximum revenue from North America.
84GF Score
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EV-to-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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