Fortive Corp (FTV) is overvalued and MKS Inc (MKSI) is undervalued.
Against our estimates of intrinsic value, MKSI trades at the wider discount: a margin of safety of +49%, against -170% for FTV.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.4% (average of 3 methods) values the shares at $20.74; the price of $55.95 is 170% above that value, and 74% of that value comes from beyond year five.
Leak Score 27/100 on 3 of 12 signals
A 8.8x revenue multiple, adjusted for growth and margin, values the shares at $512.86; the price of $260.37 is 49% below that value.
Leak Score 54/100 on 3 of 12 signals
| Metric | FTV | MKSI |
|---|---|---|
| Verdict | Overvalued | Undervalued |
| Price | $55.95 | $260.37 |
| Intrinsic value | $20.74 | $512.86 |
| Margin of safety | -170% | +49% |
| Leak Score | 27/100 (3/12) | 54/100 (3/12) |
| Market cap | $16.9B | $17.6B |
| Revenue growth, 5 years | -2.1% | 11.0% |
| Operating margin | 18.2% | 16.7% |
| Net margin | 12.4% | 10.1% |
| Return on equity | 7.3% | 15.9% |
| Debt to equity | 0.58 | 1.40 |
| P/E | 33.0x | 41.5x |
| Forward P/E | 17.2x | 14.9x |
| P/B | 2.8x | 5.9x |
| Dividend yield | 0.4% | 0.4% |