Fortive Corp (FTV)

Industrial Instruments For Measurement, Display, and Control

Latest Price

$54.81

TTM P/E

Normalized P/E

25.91

Div Yield

Book Value

19.95

P/B Ratio

2.75

Valuation metrics

EPS: $1.73

Book value / share: $20.59

Formula: √(22.5 × EPS × BVPS)

Graham Number

$28.31

48% downside

Norm. op. income: $987M (median of 7yr)

Tax rate: 13%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$18.50

66% downside

Base FCF: $1.2B (median of recent 5yr)

Growth: 8%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$73.25

+34% upside

EPS: $1.73

Target P/E: 26×

Formula: EPS × P/E

P/E Fair Value

$44.98

18% downside

100.0% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
Dodge & Cox	43.98M	$2.69B	14.39%	+823.6K	2026-06-30
BlackRock, Inc.	26.62M	$1.63B	8.71%	-5.00M	2026-06-30
Price T Rowe Associates Inc	24.38M	$1.49B	7.98%	+660.7K	2026-06-30
Vanguard Capital Management LLC	19.94M	$1.22B	6.52%	-271.6K	2026-06-30
Viking Global Investors LP	19.93M	$1.22B	6.52%	+706.5K	2026-06-30
State Street Corp	13.62M	$832.0M	4.46%	+10.2K	2026-06-30
Vanguard Portfolio Management LLC	12.79M	$781.0M	4.19%	-361.2K	2026-06-30
Flossbach von Storch SE	12.11M	$739.0M	3.96%	+205.0K	2026-06-30
Geode Capital Management, LLC	9.15M	$556.0M	2.99%	-102.4K	2026-06-30
Invesco Ltd.	8.90M	$543.0M	2.91%	+1.14M	2026-06-30