Question 1

What is Dover's EV/EBITDA ratio?

Accepted Answer

Dover (DOV) EV/EBITDA ratio is 17.3× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Dover?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Dover specifically, the relevant sector benchmark is the current sector median of 16.2×.

Question 5

Is Dover's EV/EBITDA ratio high or low?

Accepted Answer

Dover's EV/EBITDA ratio of 17.3× is above its own 5-year average of 14.0× and above the sector median of 16.2×. That places the current reading at the 86th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Dover's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Dover (DOV) EV/EBITDA ratio has ranged from a low of 3.8× in 2009 to a high of 19.1× in 2021. The 5-year average is 14.0× and the 5-year median is 14.1×.

Question 7

What was Dover's EV/EBITDA ratio in 2025?

Accepted Answer

Dover (DOV) EV/EBITDA ratio at the end of 2025 was 15.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Dover's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$26.79B	$1.86B	15.5×	+3.3×	Dec 31, 2025
2024	$25.84B	$2.23B	12.2×	-2.6×	Dec 31, 2024
2023	$21.52B	$1.67B	14.8×	+1.7×	Dec 31, 2023
2022	$19.00B	$1.71B	13.2×	-3.0×	Dec 31, 2022
2021	$26.15B	$1.80B	16.2×	-0.8×	Dec 31, 2021
2020	$18.17B	$1.23B	17.0×	+1.2×	Dec 31, 2020
2019	$16.71B	$1.24B	15.7×	+4.2×	Dec 31, 2019
2018	$10.36B	$1.14B	11.5×	+0.2×	Dec 31, 2018
2017	$12.69B	$1.37B	11.3×	+0.7×	Dec 31, 2017
2016	$9.40B	$1.19B	10.7×	+2.7×	Dec 31, 2016
2015	$7.67B	$1.26B	8.0×	+0.1×	Dec 31, 2015
2014	$9.47B	$1.49B	7.9×	-0.4×	Dec 31, 2014
2013	$11.12B	$1.58B	8.3×	+2.1×	Dec 31, 2013
2012	$7.89B	$1.58B	6.3×	+0.8×	Dec 31, 2012
2011	$7.23B	$1.50B	5.5×	-0.6×	Dec 31, 2011
2010	$7.31B	$1.28B	6.1×	-1.1×	Dec 31, 2010
2009	$5.19B	$850.22M	7.2×	+3.1×	Dec 31, 2009
2008	$4.10B	$1.31B	4.1×	-1.9×	Dec 31, 2008
2007	$5.94B	$1.23B	6.0×	-1.3×	Dec 31, 2007
2006	$6.70B	$1.11B	7.3×	-0.8×	Dec 31, 2006
2005	$5.50B	$842.27M	8.1×	-0.4×	Dec 31, 2005
2004	$5.71B	$760.44M	8.5×	-1.8×	Dec 31, 2004
2003	$5.40B	$590.68M	10.3×	+1.1×	Dec 31, 2003
2002	$3.92B	$506.74M	9.2×	-2.3×	Dec 31, 2002
2001	$5.03B	$513.49M	11.5×	—	Dec 31, 2001


MDU Resources Group (MDU)	12.9×
Automatic Data Processing (ADP)	12.6×
Canadian National Railway (CNI)	12.6×
Brady (BRC)	12.6×
Snap-on (SNA)	12.5×
Stanley Black & Decker (SWK)	12.5×
A. O. Smith (AOS)	12.1×
Franklin Electric Co. (FELE)	12.0×
Builders FirstSource (BLDR)	11.7×
Textron (TXT)	11.1×
ABM Industries (ABM)	10.7×
FedEx (FDX)	10.4×
Amentum Holdings (AMTM)	10.2×
Gartner (IT)	10.0×
United Rentals (URI)	9.4×
McGrath RentCorp (MGRC)	9.3×
United Parcel Service (UPS)	8.8×
Alamo Group (ALG)	8.4×
Alaska Air Group (ALK)	8.2×
Southwest Airlines (LUV)	8.0×
AGCO (AGCO)	7.4×
Matthews International (MATW)	7.0×
United Airlines Holdings (UAL)	5.6×
Delta Air Lines (DAL)	5.4×
Versant Media Group, Inc. Class A (VSNT)	3.0×

EV/EBITDA for Dover (DOV)

EV/EBITDA daily chart for Dover (DOV)

Historical EV/EBITDA for Dover (DOV) from 2001 to 2025

About EV/EBITDA at Dover (DOV)

Dover EV/EBITDA by Year

Dover EV/EBITDA 2025: 15.5×

Dover EV/EBITDA 2024: 12.2×

Dover EV/EBITDA 2023: 14.8×

Dover EV/EBITDA 2022: 13.2×

Dover EV/EBITDA 2021: 16.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Dover (DOV) Key Financials

EV/EBITDA daily chart for Dover (DOV)

Historical EV/EBITDA for Dover (DOV) from 2001 to 2025

About EV/EBITDA at Dover (DOV)

Dover EV/EBITDA by Year

Dover EV/EBITDA 2025: 15.5×

Dover EV/EBITDA 2024: 12.2×

Dover EV/EBITDA 2023: 14.8×

Dover EV/EBITDA 2022: 13.2×

Dover EV/EBITDA 2021: 16.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Dover's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Dover?

+Is Dover's EV/EBITDA ratio high or low?

+What is Dover's historical EV/EBITDA ratio range?

+What was Dover's EV/EBITDA ratio in 2025?

+Why does Dover's EV/EBITDA ratio change over time?

Dover (DOV) Key Financials