Is Fortive Corp. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Fortive Corp. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics. Key valuation ratios include a P/E ratio of 30, an EV to EBITDA of 16.23, and a Price to Book Value of 2.42. In comparison, Rockwell Automation, Inc. is considered expensive with a P/E of 57.64, while Coherent Corp. is viewed as attractive with a lower EV to EBITDA of 17.12.
Despite recent performance, where Fortive Corp. has underperformed the S&P 500 over the longer term, it has shown some resilience in the short term with a 1-week return of 1.80% compared to the S&P 500's 1.70%. Overall, the company's valuation metrics suggest it is fairly valued in the current market context.