Fortive Corp (FTV) stock analysis
Fortive Corp (FTV) clears 3 of this site's 8 mechanical value filters, 4 of 8 Buffett-style checks and 2 of 5 Lynch-style checks. At $60.05 it trades 9.5% above this site's neutral DCF value (a margin of safety of -9.5%). Its earnings quality rates Strong and it returns +8.9% to shareholders net of dilution. Figures are as of October 23, 2026, from SEC filings and market data refreshed weekly; this is educational analysis, not investment advice.
Data as of October 23, 2026. Refreshed weekly from SEC filings and market data.
What does Fortive do?
Fortive sells industrial test tools and software used in factories, utilities and building maintenance. It spun off its Tektronix-led precision business as Ralliant in 2025.
Brands and businesses it owns
- Fluke
- Accruent
- Gordian
- ServiceChannel
- Provation
What stands out about Fortive?
- The share price implies 10.3% yearly growth. At $60.05, FTV's free cash flow of $3.21 per share would have to grow 10.3% a year, fading to 2.5% by year 10, for this site's DCF (10% discount rate) to match the price. This site's baseline starts at 8%, so the price asks for more growth than the baseline. Change the assumptions.
- Misses 2 of the 8 value filters. It fails Market Cap > $25B ($17.9B) and Trailing P/E < 25 (33.42); the other 3 pass and 3 were not evaluated. See every filter.
- Weakest against peers: revenue growth. At −29.8% (peer median 5.2%) it ranks 17th of 17 among machinery stocks this site tracks. See the ranking.
- Short interest is elevated. 5.7% of the float is sold short, 7.9 days to cover, above this site's 5% flag. See the figures.
- Dividend raises 1 of 6 flags. Its trailing yield is 0.32%. See the Sustainable Dividend Screener.
How has Fortive's share price moved?
The interactive price chart needs JavaScript.
Is Fortive undervalued? The value diligence check
Every value-investing signal this site computes for this stock, gathered in one place: the same real numbers from the tools below, not a new score.
- Margin of safety (DCF) -9.5%
- P/E vs. its own history 33.4x · at/above its priciest point Real range: 22.8x–33.3x over 5 years (net income per diluted share from each fiscal year's 10-K, paired with the real closing price at that fiscal year-end).
- Wall St. analyst rating Hold · 3.36/5 22 analysts this month: 3 strong buy, 4 buy, 13 hold, 2 sell, 0 strong sell (Finnhub). Down from 3.38 last month.
- Altman Z″-Score (bankruptcy risk) 2.84 · Safe zone
- Earnings quality (is the profit real?) Strong · all 5 checks clean Beneish M-score −2.67 · accruals −3.5% of assets · 174% of profit arrived as cash · stock comp 2.8% of revenue · share count −3.0% a year. From the latest 10-K (year to Dec 2025) - see the Earnings Quality Screener for how each check is scored.
- Shareholder yield (cash back to owners) +8.9% net Latest fiscal year (2025): dividends 0.5% + buybacks 9.0% − stock comp 0.7%, as a share of today's market cap. Over 11 years its split-adjusted share count fell 3%. See Shareholder Yield Leaders.
- Capital needed to grow (See's test) Profit did not grow in 10 years Operating profit $950M → $670M, capital needed $6.6B → $10B, 2016–2025 (3-year averages); return on capital now 7% before tax. Buffett's See's Candies needed $0.42 per $1 of new profit, FlightSafety $3.20, a typical grower about $5. See Capital-Light Compounders.
- PEG (growth at a reasonable price) n/a (no PEG reported)
- Compounder lenses (4) 2 of 4 · misses capital-light, price (n/a) Capital-light growth: not cleared (profit grew 0.7×, under 2×); Profit is real: cleared; Cash to owners: cleared; Fair price (PEG): cannot be measured (no PEG reported). See Compounders at a Fair Price, which also lets you move the PEG bar.
- Value trap check Clear
- Munger's Inversion Check 1 flag
- Standing vs. sector peers 1 of 7 measures above the median Compared with the 16 other machinery stocks this site tracks: 1 in the top third, 4 in the bottom third.
- Dividend payout sustainability 1/6 flags
How does Fortive compare with its peers?
1 of 7 measure sits above the median of the 16 other machinery stocks tracked here, 1 in the top third and 4 in the bottom third.
- P/E ratiolower is cheaper · peer median 26.7× 33.4× ✕15th of 17
- Free-cash-flow yieldhigher is cheaper · peer median 4.2% 5.3% ✓5th of 17
- Return on equityhigher is better · peer median 15% 9% ✕16th of 17
- Net marginhigher is better · peer median 12.4% 12.4% –9th of 17
- Revenue growthhigher is better, year on year · peer median 5.2% −29.8% ✕17th of 17
- Debt / equitylower is safer · peer median 0.54 0.58 –10th of 16
- Dividend yieldamong dividend payers · peer median 1.28% 0.32% ✕16th of 17
Peers are the stocks this site tracks in the same sector group, not every listed competitor. The bar runs from the weakest peer (left) to the strongest (right); the tick is the middle. Measures that don't apply to a sector (cash-flow yield for banks, debt for financials) are left out.
What would Buffett & Lynch say?
Buffett's checklist is built around durable, profitable businesses bought at sensible prices, and FTV doesn't clear enough of it yet. In its favor: FTV carries a conservative amount of debt relative to equity, converts sales into profit at healthy margins, earns many times its interest expense, so debt service isn't a worry, and trades at a reasonable multiple of owner earnings, his own term for the real cash a business could pay out. Where it comes up short: FTV isn't clearing the return-on-equity bar he'd want to see right now, and its five-year average return on equity falls short too, so this isn't just a one-off dip, hasn't grown earnings per share fast enough over five years to impress him, and is trading above what a conservative discounted-cash-flow estimate says it's worth right now.
- ROE (TTM) > 11% ✕
- ROE (5yr avg) > 11% ✕
- Debt/Equity < 0.5 ✓
- Pretax margin > 15% ✓
- EPS growth (5yr) > 7% ✕
- Interest coverage > 5x ✓
- Trading below intrinsic value (DCF) ✕
- Price vs. owner earnings < 25x ✓
- Bonus: returning capital via buybacks FY2025
Lynch looked for growth stories that weren't overpriced for that growth, and FTV falls short of his bar. In its favor: FTV isn't over-leveraged for a company of its type, and converts earnings into real cash at a reasonable price. Where it comes up short: FTV doesn't pay much of a dividend, which is the main reason to own a slow grower in the first place, isn't even growing at the modest pace he'd expect from a slow grower, and is priced too rich for how little growth is actually left in the business.
- Dividend yield > 2.5% ✕
- EPS growth 0%-10% ✕
- Debt/Equity < 0.6 ✓
- P/E < 20 ✕
- Price/FCF < 25 ✓
Quantitative approximations of each investor's documented approach, not endorsed by either investor or their estates - commentary, not this site's actual ranking criteria. Buffett never published a numeric checklist: only 2 of his 8 checks here trace to his own documented concepts ("owner earnings," from his 1986 shareholder letter, and "price is what you pay, value is what you get," his case against fixed P/E/P/B ceilings) - the other 6 (ROE, debt, margins, growth, interest coverage) use commonly-cited thresholds that are not numbers he himself published. The 8 hard filters below (plus the Munger check and Graham margin of safety) are this site's real, mechanical screen and are computed completely independently of the checklists above.
Berkshire Hathaway's own filing
Which of the 8 value filters does Fortive pass?
- Market Cap > $25B $17.9B
- Trailing P/E < 25 33.42
- PEG Ratio < 1.5 n/a
- Price/Book < 8 2.95
- Price/Sales < 7 4.14
- EPS Growth YoY > -5% +4.9%
- vs 50-day MA (±12%) Not evaluated †
- vs 200-day MA (±12%) Not evaluated †
What is Fortive's margin of safety?
-7% on 2026-10-07 → -10% on 2026-10-23 (5 weekly readings).
Where is Fortive in its 52-week range?
What is the short interest in Fortive?
17,157,363 shares short as of 2026-09-30 (FINRA settlement date). Reported twice a month, so this only changes roughly every two weeks, not daily.
What could go wrong with Fortive? Munger's inversion check
"Invert, always invert." Instead of reasons to buy, these are reasons to hesitate, not a verdict, and not everything worth knowing about a business.
- Margin of safety, even in the bull case +35%
- Short interest under 5% of float 5.7%
- Passes most of the 6 fundamental filters 4/6 passed
- Price run-up backed by value, not just momentum +25% off 52wk low
- Debt/equity stable since 2016 1.25 → 0.50
Doesn't cover circle of competence, management quality, or accounting concerns: those need judgment, not data.
How much have Fortive shareholders gained per year?
Earnings growth per share plus dividend.
An earnings-based proxy, not a stock-price total return - it doesn't capture multiple expansion/contraction or reinvested dividends. EPS from FTV's own 10-K filings; dividend yield is the current trailing yield on today's price, from the same weekly fetch as the rest of this site.
What do Fortive's 10-year financials show?
From FTV's own 10-K filings (SEC EDGAR): up to the last 10 fiscal years. Press any year's bars for the exact figures.
Frequently asked questions about Fortive
What kind of company is Fortive?
Fortive sells industrial test tools and software used in factories, utilities and building maintenance. It spun off its Tektronix-led precision business as Ralliant in 2025. Brands and businesses it owns include Fluke, Accruent, Gordian, ServiceChannel and Provation. This site groups it with Machinery stocks.
Is Fortive trading above or below its DCF value?
At $60.05, FTV trades 9.5% above this site's neutral DCF value of $54.83 per share, a margin of safety of −9.5%. That DCF projects free cash flow for 10 years, with growth starting at 8% and fading to 2.5%, discounted at 10%; it is one set of assumptions, not a forecast. Test your own in the Intrinsic Value Calculator.
How many of this site's 8 value filters does Fortive pass?
FTV passes 3 of 8. It passes Price/Book < 8 (2.95), Price/Sales < 7 (4.14) and EPS Growth YoY > -5% (+4.9%). It misses Market Cap > $25B ($17.9B) and Trailing P/E < 25 (33.42). PEG Ratio < 1.5, vs 50-day MA (±12%) and vs 200-day MA (±12%) were not evaluated, because the moving-average checks only run on stocks that clear the fundamentals first. The 8-filter list shows every stock that passes all of them.
How much cash does Fortive return to shareholders?
FTV's net shareholder yield is +8.9%: the cash it returns through dividends and buybacks, minus stock-based compensation, as a share of its market value. Latest fiscal year (2025): dividends 0.5% + buybacks 9.0% − stock comp 0.7%, as a share of today's market cap. Over 11 years its split-adjusted share count fell 3%. Its trailing dividend yield is 0.32%, paid out of 6% of its free cash flow; the dividend-sustainability check raises 1 of 6 flags (declining revenue). See Shareholder Yield Leaders and the Sustainable Dividend Screener.
When does Fortive report earnings next?
Fortive's next earnings report is expected on October 28, 2026 before the market opens, with analysts expecting earnings of $0.71 per share. Dates come from the Finnhub earnings calendar and can move. In its last 4 quarters it beat the estimate 4 times, by an average of +9.0%.
How heavily is Fortive stock sold short?
As of September 30, 2026, 5.7% of FTV's float was sold short (17,157,363 shares, 7.9 days to cover), up 36.3% from the prior reporting period. FINRA publishes short interest twice a month, so it changes about every two weeks; this site flags anything above 5% of the float.
Where do these numbers come from?
- Financial statements: Fortive's 10-K annual report for the year ended Dec 31, 2025, filed Feb 25, 2026 (filing index). Every earlier year in the 10-year financials comes from the company's older 10-K filings, all listed on SEC EDGAR.
- Prices and market data: quotes, P/E and analyst ratings from Finnhub; daily price history and the 52-week range from Twelve Data, both refreshed weekly. Short interest comes from FINRA, reported twice a month.
- How to check a figure: click any number in the card above to see its exact source, and read the Editorial Standards for every rule behind the checks.
About this Fortive Corp analysis
This page shows every value-investing check the site runs on Fortive Corp (FTV) in one place: the 8 mechanical filters, the Buffett and Lynch checklists, a margin of safety from a disclosed DCF, earnings quality, shareholder yield and how it ranks against its sector peers. The numbers come from SEC filings and public market data, refreshed weekly, and the same rules apply to every stock on the stock list. See Editorial Standards for the sources and the rules, or run your own filters in the stock screener.