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Fortive (Fortive) PB Ratio : 2.46 (As of Jun. 25, 2024)


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What is Fortive PB Ratio?

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-06-25), Fortive's share price is $73.20. Fortive's Book Value per Share for the quarter that ended in Mar. 2024 was $29.76. Hence, Fortive's PB Ratio of today is 2.46.

Good Sign:

Fortive Corp stock PB Ratio (=2.47) is close to 1-year low of 2.27

The historical rank and industry rank for Fortive's PB Ratio or its related term are showing as below:

FTV' s PB Ratio Range Over the Past 10 Years
Min: 1.73   Med: 2.86   Max: 6.51
Current: 2.46

During the past 12 years, Fortive's highest PB Ratio was 6.51. The lowest was 1.73. And the median was 2.86.

FTV's PB Ratio is ranked worse than
65.62% of 2391 companies
in the Hardware industry
Industry Median: 1.87 vs FTV: 2.46

During the past 12 months, Fortive's average Book Value Per Share Growth Rate was 6.60% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 3.50% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 10.20% per year.

During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Fortive was 41.40% per year. The lowest was -19.40% per year. And the median was 8.60% per year.

Back to Basics: PB Ratio


Fortive PB Ratio Historical Data

The historical data trend for Fortive's PB Ratio 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.

* Premium members only.

Fortive PB Ratio Chart

Fortive Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.91 2.67 2.88 2.34 2.50

Fortive Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.44 2.64 2.59 2.50 2.89

Competitive Comparison of Fortive's PB Ratio

For the Scientific & Technical Instruments subindustry, Fortive's PB Ratio, along with its competitors' market caps and PB Ratio 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's PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fortive's PB Ratio distribution charts can be found below:

* The bar in red indicates where Fortive's PB Ratio falls into.



Fortive PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Fortive's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Mar. 2024)
=73.20/29.763
=2.46

* 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.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.


Fortive  (NYSE:FTV) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.


Fortive PB Ratio Related Terms

Thank you for viewing the detailed overview of Fortive's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Fortive (Fortive) Business Description

Traded in Other Exchanges
Address
6920 Seaway Boulevard, Everett, WA, USA, 98203
Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $5.8 billion in revenue and $1.4 billion in adjusted operating income in 2022.
Executives
Charles E Mclaughlin officer: SVP - Chief Financial Officer C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
Patrick K Murphy officer: Senior Vice President C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
Christopher M. Mulhall officer: VP - Chief Accounting Officer C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Stacey A. Walker officer: SVP - Human Resources C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
Eric Branderiz director 915 DEGUIGNE DRIVE, PO BOX 3453, SUNNYVALE CA 94088-3453
Alan G Spoon director, other: Chairman 1150 15TH ST NW, WASHINGTON DC 20071
Tamara S. Newcombe officer: President & CEO of PT 6920 SEAWAY BLVD., EVERETT WA 98203
Wright Iii Lassiter director 500 PLAZA DRIVE, C/O QUEST DIAGNOSTICS, SECAUCUS NJ 07094
Barbara B. Hulit officer: Senior Vice President C/O FORTIVE CORPORATION, 6920 SEAWAY BLVD, EVERETT WA 98203
Jonathan L Schwarz officer: VP-Corporate Development C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203
James A Lico officer: President, CEO and Secretary
Peter C Underwood officer: SVP-General Counsel/Secretary 200 STATE STREET, BELOIT WI 53511
Olumide Soroye officer: President & CEO of IOS 6920 SEAWAY BLVD., EVERETT WA 98203
Steven M Rales director 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037
William W Pringle officer: Senior Vice President C/O FORTIVE CORPORATION, 6920 SEAWAY BOULEVARD, EVERETT WA 98203

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