Fortive
Financial ratios & Valuation

Forward Multiples (2025 – 2027)

202520262027
Price/Earnings ratio
15.4012.878.91
Price/Sales ratio
2.552.362.04
Earnings per Share (EPS)
$3.12$3.74$5.4

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
15.8916.2517.7820.146.7129.0414.8143.7630.3229.9729.706.71
Price/Sales ratio
2.212.272.493.163.032.935.155.063.934.274.723.03
Price/Book Value ratio
2.682.715.775.552.962.902.662.792.362.512.502.90
Price/Cash Flow ratio
14.8213.9113.6417.8814.5516.8816.6327.7017.5719.1717.9514.55
Price/Free Cash Flow ratio
16.6315.7915.4020.2215.8718.5217.5529.2218.9620.8319.3815.87
Price/Earnings Growth ratio
2.55-6.9322.231.030.03-0.390.13-0.681.031.860.560.03
Dividend Yield
N/AN/A19.64%0.46%0.67%0.75%0.68%0.49%0.43%0.39%0.42%0.75%
Profitability Indicator Ratios
Gross Profit Margin
48.11%48.47%48.72%49.55%51.47%50.27%56.28%57.22%57.73%59.25%55.13%51.47%
Operating Profit Margin
19.65%20.54%20.01%20.35%18.26%13.71%11.63%15.46%16.94%18.69%20.63%18.26%
Pretax Profit Margin
20.18%20.54%19.23%19.29%16.71%11.94%32.53%12.89%14.99%16.33%17.49%16.71%
Net Profit Margin
13.93%13.98%14.01%15.69%45.15%10.09%34.81%11.57%12.96%14.27%15.99%15.99%
Effective Tax Rate
30.94%31.96%27.12%18.66%14.84%17.04%3.68%9.34%13.54%12.61%8.54%17.04%
Return on Assets
12.00%11.97%10.65%9.94%22.57%4.23%10.05%3.69%4.75%5.11%5.09%5.09%
Return On Equity
16.89%16.67%32.45%27.55%44.17%10.00%17.99%6.39%7.79%8.39%8.49%10.00%
Return on Capital Employed
20.51%21.56%18.53%15.22%10.99%7.18%4.08%6.37%7.50%7.49%7.47%7.47%
Liquidity Ratios
Current Ratio
N/AN/A1.691.831.441.061.55N/AN/AN/A1.251.06
Quick Ratio
0.910.801.321.471.180.871.390.530.711.740.980.98
Cash ratio
N/AN/A0.540.600.530.340.630.220.261.050.380.38
Days of Sales Outstanding
55.0757.8555.4355.9667.6044.4163.8164.6160.0564.3159.8944.41
Days of Inventory outstanding
56.7459.9562.2863.1166.9664.2182.0683.2679.5579.3082.5366.96
Operating Cycle
111.82117.80117.72119.08134.56108.62145.88147.87139.61143.61142.42134.56
Days of Payables Outstanding
69.2075.3376.1968.3782.3545.0286.6290.6092.3589.8991.2982.35
Cash Conversion Cycle
42.6242.4641.5350.7052.2163.5959.2657.2747.2653.7251.1263.59
Debt Ratios
Debt Ratio
N/AN/A0.410.380.260.360.260.240.200.210.220.36
Debt Equity Ratio
N/AN/A1.241.070.520.850.470.420.330.350.360.85
Long-term Debt to Capitalization
N/AN/A0.550.510.310.390.230.150.180.260.240.39
Total Debt to Capitalization
N/AN/A0.550.510.340.460.320.290.250.260.260.46
Interest Coverage Ratio
N/AN/A25.4215.7512.14N/A3.63N/AN/AN/A7.74N/A
Cash Flow to Debt Ratio
N/AN/A0.330.290.390.200.330.240.400.370.380.38
Company Equity Multiplier
1.401.393.042.771.952.361.791.731.641.631.652.36
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.140.160.180.170.200.170.310.180.220.220.260.20
Free Cash Flow / Operating Cash Flow Ratio
0.890.880.880.880.910.910.940.940.920.920.920.91
Cash Flow Coverage Ratio
N/AN/A0.330.290.390.200.330.240.400.370.380.38
Short Term Coverage Ratio
N/AN/AN/AN/A2.950.840.990.431.30N/A3.602.95
Dividend Payout Ratio
N/AN/A349.46%9.30%4.51%22.03%10.12%21.72%13.17%11.78%12.59%4.51%