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Fortive (Fortive) Shiller PE Ratio : 19.07 (As of Jun. 25, 2024)


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What is Fortive Shiller PE Ratio?

As of today (2024-06-25), Fortive's current share price is $73.21. Fortive's E10 for the quarter that ended in Mar. 2024 was $3.84. Fortive's Shiller PE Ratio for today is 19.07.

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

FTV' s Shiller PE Ratio Range Over the Past 10 Years
Min: 18.75   Med: 20.09   Max: 22.6
Current: 19.07

During the past years, Fortive's highest Shiller PE Ratio was 22.60. The lowest was 18.75. And the median was 20.09.

FTV's Shiller PE Ratio is ranked better than
61.05% of 1384 companies
in the Hardware industry
Industry Median: 24.18 vs FTV: 19.07

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Fortive's adjusted earnings per share data for the three months ended in Mar. 2024 was $0.580. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fortive Shiller PE Ratio Historical Data

The historical data trend for Fortive's Shiller PE 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 Shiller PE Ratio Chart

Fortive Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 19.34

Fortive Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Shiller PE 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 - - - 19.34 22.43

Competitive Comparison of Fortive's Shiller PE Ratio

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

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

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



Fortive Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Fortive's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=73.21/3.84
=19.07

* 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's E10 for the quarter that ended in Mar. 2024 is calculated as:

For example, Fortive's adjusted earnings per share data for the three months ended in Mar. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=0.58/131.7762*131.7762
=0.580

Current CPI (Mar. 2024) = 131.7762.

Fortive Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201312 0.000 98.326 0.000
201409 0.000 100.428 0.000
201412 0.663 99.070 0.882
201503 0.590 99.621 0.780
201506 0.659 100.684 0.863
201509 0.570 100.392 0.748
201512 0.684 99.792 0.903
201603 0.527 100.470 0.691
201606 0.690 101.688 0.894
201609 0.650 101.861 0.841
201612 0.640 101.863 0.828
201703 0.570 102.862 0.730
201706 0.680 103.349 0.867
201709 0.760 104.136 0.962
201712 0.950 104.011 1.204
201803 0.740 105.290 0.926
201806 0.830 106.317 1.029
201809 0.640 106.507 0.792
201812 6.170 105.998 7.671
201903 0.430 107.251 0.528
201906 0.470 108.070 0.573
201909 0.560 108.329 0.681
201912 0.520 108.420 0.632
202003 0.070 108.902 0.085
202006 0.330 108.767 0.400
202009 0.610 109.815 0.732
202012 3.370 109.897 4.041
202103 0.270 111.754 0.318
202106 0.480 114.631 0.552
202109 0.420 115.734 0.478
202112 0.450 117.630 0.504
202203 0.450 121.301 0.489
202206 0.480 125.017 0.506
202209 0.530 125.227 0.558
202212 0.640 125.222 0.673
202303 0.490 127.348 0.507
202306 0.590 128.729 0.604
202309 0.610 129.860 0.619
202312 0.750 129.419 0.764
202403 0.580 131.776 0.580

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Fortive  (NYSE:FTV) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Fortive Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Fortive's Shiller PE 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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