Fortive Price To Sales Ratio from 2010 to 2024
| FTV Stock | USD 74.44 0.94 1.28% |
Price To Sales Ratio | First Reported 2010-12-31 | Previous Quarter 4.27919064 | Current Value 2.55 | Quarterly Volatility 1.10238469 |
Check Fortive Corp financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Fortive main balance sheet or income statement drivers, such as Depreciation And Amortization of 309.5 M, Interest Expense of 79.7 M or Total Revenue of 4.7 B, as well as many exotic indicators such as Price To Sales Ratio of 2.55, Dividend Yield of 0.0037 or PTB Ratio of 3.48. Fortive financial statements analysis is a perfect complement when working with Fortive Corp Valuation or Volatility modules.
Fortive | Price To Sales Ratio |
Latest Fortive Corp's Price To Sales Ratio Growth Pattern
Below is the plot of the Price To Sales Ratio of Fortive Corp over the last few years. Price to Sales Ratio is figured by comparing Fortive Corp stock price to its revenues. An advantage to using Price to Sales ratio is that it is based on Fortive Corp sales, a figure that is much harder to manipulate than other Fortive Corp multiples. Because sales tend to be more stable P/S ratio can be a good tool for screening cyclical companies fluctuating earnings patterns. It is a valuation ratio that compares a company’s stock price to its revenues, calculated by dividing the company’s market cap by its total sales or revenue over a 12-month period. Fortive Corp's Price To Sales Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Fortive Corp's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 4.77 X | 10 Years Trend |
|
Price To Sales Ratio |
| Timeline |
Fortive Price To Sales Ratio Regression Statistics
| Arithmetic Mean | 3.01 | |
| Geometric Mean | 2.84 | |
| Coefficient Of Variation | 36.68 | |
| Mean Deviation | 0.88 | |
| Median | 2.55 | |
| Standard Deviation | 1.10 | |
| Sample Variance | 1.22 | |
| Range | 3.1971 | |
| R-Value | 0.70 | |
| Mean Square Error | 0.66 | |
| R-Squared | 0.49 | |
| Significance | 0 | |
| Slope | 0.17 | |
| Total Sum of Squares | 17.01 |
Fortive Price To Sales Ratio History
About Fortive Corp Financial Statements
There are typically three primary documents that fall into the category of financial statements. These documents include Fortive Corp income statement, its balance sheet, and the statement of cash flows. Fortive Corp investors use historical funamental indicators, such as Fortive Corp's Price To Sales Ratio, to determine how well the company is positioned to perform in the future. Although Fortive Corp investors may use each financial statement separately, they are all related. The changes in Fortive Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Fortive Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Fortive Corp Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Fortive Corp. Please read more on our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Price To Sales Ratio | 4.28 | 2.55 |
Pair Trading with Fortive Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fortive Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fortive Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Fortive Stock
| 0.86 | WATT | Energous | PairCorr |
Moving against Fortive Stock
| 0.9 | BMI | Badger Meter Financial Report 18th of July 2024 | PairCorr |
| 0.77 | ITRI | Itron Inc | PairCorr |
| 0.72 | DYSL | Dynasil Of | PairCorr |
| 0.68 | GRMN | Garmin | PairCorr |
| 0.67 | ST | Sensata Technologies | PairCorr |
The ability to find closely correlated positions to Fortive Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortive Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fortive Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fortive Corp to buy it.
The correlation of Fortive Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortive Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortive Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Fortive Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Fortive Corp Correlation against competitors. For more information on how to buy Fortive Stock please use our How to Invest in Fortive Corp guide.You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Fortive Stock analysis
When running Fortive Corp's price analysis, check to measure Fortive Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fortive Corp is operating at the current time. Most of Fortive Corp's value examination focuses on studying past and present price action to predict the probability of Fortive Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fortive Corp's price. Additionally, you may evaluate how the addition of Fortive Corp to your portfolios can decrease your overall portfolio volatility.
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Options Analysis Analyze and evaluate options and option chains as a potential hedge for your portfolios | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Correlation Analysis Reduce portfolio risk simply by holding instruments which are not perfectly correlated | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Money Managers Screen money managers from public funds and ETFs managed around the world | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |
Is Fortive Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fortive Corp. If investors know Fortive will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fortive Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.184 | Dividend Share 0.3 | Earnings Share 2.52 | Revenue Per Share 17.411 | Quarterly Revenue Growth 0.044 |
The market value of Fortive Corp is measured differently than its book value, which is the value of Fortive that is recorded on the company's balance sheet. Investors also form their own opinion of Fortive Corp's value that differs from its market value or its book value, called intrinsic value, which is Fortive Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fortive Corp's market value can be influenced by many factors that don't directly affect Fortive Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fortive Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fortive Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fortive Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.