---
title: Fortive (FTV) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/ftv
ticker: FTV
as_of: 2026-10-17
sector: Technology
industry: Hardware, Equipment & Parts
---
# Fortive (FTV)

Fortive (FTV) closed at $57.79 on Oct 16, 2026, overvalued by 24% vs its model value of $46.58 (from a five-year discounted cash flow).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $57.79 (Oct 16, 2026) |
| Model value (from a five-year discounted cash flow) | $46.58 |
| Price vs model | overvalued by 24% vs model |
| Range of that model | $28.85 – $107.14 |
| Market value | $17.5B |
| P/E (fiscal 2025) | 33.4 |
| Net margin (fiscal 2025) | 11.3% |
| Free cash flow (fiscal 2025) | $978.1M |
| Dividend yield (trailing twelve months) | 0.43% |
| Beta | 0.99 |
| Cost of capital (WACC) | 8.46% |
| Business classification | Mature & Stable (Revenue declining (~-17% recent), Moderate margins (14% net margin), Highly cyclical earnings, Strong FCF yield (5.6%)) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 0.43% |
| Dividends per share, last 12 months | $0.25 |
| Dividends / free cash flow (fiscal 2025) | 9.4% |
| Raised | — |
| Growth over 5 years | 3.5% a year |
| Latest payment | $0.07, ex-date Sep 4, 2026, paid Sep 25, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 9, 2021 | $0.21 |
| To Aug 30, 2022 | $0.21 |
| To Aug 31, 2023 | $0.21 |
| To Sep 13, 2024 | $0.24 |
| To Sep 12, 2025 | $0.24 |
| Trailing twelve months (to Sep 4, 2026) | $0.25 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| DCF · Perpetuity growth · 5y | primary | $46.58 | $28.85 | $107.14 |
| DCF · Perpetuity growth · 10y | cross check | $47.65 | $30.67 | $104.51 |
| DCF · EBITDA exit · 5y | cross check | $62.49 | $46.43 | $81.29 |
| DCF · EBITDA exit · 10y | cross check | $60.16 | $43.27 | $82.35 |
| P/E · peers | cross check | $63.93 | $55.56 | $73.87 |
| P/E · own history | cross check | $59.70 | $54.49 | $69.50 |
| PEG | sanity check | $59.59 | $59.59 | $59.59 |
| EV/EBITDA · peers | cross check | $62.18 | $53.90 | $64.08 |
| EV/Revenue · peers | cross check | $56.25 | $42.04 | $59.68 |
| Earnings power value | cross check | $13.58 | $10.26 | $18.33 |
| Dividend discount | cross check | $4.73 | $3.28 | $7.67 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 1 open-market sale ($533,492.6); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 25, 2026 | Soroye Olumide | President & CEO | Grant / award | 14.917 | $836.7 |
| Sep 25, 2026 | Okerstrom Mark D | SVP - Chief Financial Officer | Grant / award | 4.88 | $273.7 |
| Sep 25, 2026 | Mulhall Christopher M. | VP - Chief Accounting Officer | Grant / award | 8.011 | $449.3 |
| Sep 25, 2026 | Mulhall Christopher M. | VP - Chief Accounting Officer | Grant / award | 2.131 | $119.5 |
| Sep 25, 2026 | Underwood Peter C | SVP - Chief Legal Officer | Grant / award | 17.392 | $975.5 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 10, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1659166/000110465926106735/tm2624879d1_8k.htm |
| Jul 29, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1659166/000165916626000034/ftv-20260703.htm |
| Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1659166/000165916626000033/ftv-20260729.htm |
| Jul 20, 2026 | S-3ASR | Shelf registration (automatic) | https://www.sec.gov/Archives/edgar/data/1659166/000110465926085083/tm2620115-1_s3asr.htm |
| Jun 11, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1659166/000110465926072965/tm2617409d1_8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Dodge & Cox | 2026-06-30 | 43,979,772 | $2.7B |
| Viking Global | 2026-06-30 | 19,934,762 | $1.2B |
| Arnold Van Den Berg | 2026-06-30 | 80,408 | $4.9M |
| Robert Olstein | 2026-03-31 | 88,000 | $4.9M |

5 tracked managers in all.

## About

Fortive Corporation is a global industrial technology company that specializes in the conception, development, manufacturing, marketing, and servicing of sophisticated professional and engineered products, as well as software platforms and associated services. Its Intelligent Operating Solutions division aims to boost efficiency and safety in operations. This segment delivers a variety of offerings, including advanced tools for ensuring equipment reliability, comprehensive enterprise software for managing environmental, health, safety, and quality (EHSQ) compliance, and specialized software for the entire lifecycle of facilities and assets. It also provides solutions for pre-construction planning and procurement, robust professional testing instruments, precise calibration tools for electrical, pressure, and temperature measurements, and portable devices for gas detection. These products…

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Source: https://sweetvaluelab.com/stocks/ftv (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.