Question 1

What is Dover's P/B ratio?

Accepted Answer

Dover (DOV) P/B ratio is 3.9× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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 P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Dover?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Dover specifically, the relevant sector benchmark is the current sector median of 5.0×.

Question 5

Is Dover's P/B ratio high or low?

Accepted Answer

Dover's P/B ratio of 3.9× is below its own 5-year average of 4.4× and below the sector median of 5.0×. That places the current reading at the 22th 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 P/B ratio range?

Accepted Answer

In the available daily series, Dover (DOV) P/B ratio has ranged from a low of 0.9× in 2009 to a high of 34.9× in 2007. The 5-year average is 4.4× and the 5-year median is 4.3×.

Question 7

What was Dover's P/B ratio in 2025?

Accepted Answer

Dover (DOV) P/B ratio at the end of 2025 was 3.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Dover's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$7.41B	3.6×	-0.1×	Dec 31, 2025
2024	$25.84B	$6.95B	3.7×	-0.5×	Dec 31, 2024
2023	$21.52B	$5.11B	4.2×	-0.2×	Dec 31, 2023
2022	$19.00B	$4.29B	4.4×	-1.8×	Dec 31, 2022
2021	$26.15B	$4.19B	6.2×	+0.9×	Dec 31, 2021
2020	$18.17B	$3.39B	5.4×	-0.1×	Dec 31, 2020
2019	$16.71B	$3.03B	5.5×	+1.8×	Dec 31, 2019
2018	$10.36B	$2.77B	3.7×	+0.8×	Dec 31, 2018
2017	$12.69B	$4.38B	2.9×	+0.4×	Dec 31, 2017
2016	$9.40B	$3.80B	2.5×	+0.4×	Dec 31, 2016
2015	$7.67B	$3.64B	2.1×	-0.5×	Dec 31, 2015
2014	$9.47B	$3.70B	2.6×	+0.5×	Dec 31, 2014
2013	$11.12B	$5.38B	2.1×	+0.5×	Dec 31, 2013
2012	$7.89B	$4.92B	1.6×	+0.1×	Dec 31, 2012
2011	$7.23B	$4.93B	1.5×	-0.1×	Dec 31, 2011
2010	$7.31B	$4.53B	1.6×	+0.3×	Dec 31, 2010
2009	$5.19B	$4.08B	1.3×	+0.2×	Dec 31, 2009
2008	$4.10B	$3.79B	1.1×	-0.4×	Dec 31, 2008
2007	$5.94B	$3.95B	1.5×	-0.3×	Dec 31, 2007
2006	$6.70B	$3.81B	1.8×	+0.1×	Dec 31, 2006
2005	$5.50B	$3.33B	1.7×	-0.2×	Dec 31, 2005
2004	$5.71B	$3.11B	1.8×	-0.1×	Dec 31, 2004
2003	$5.40B	$2.74B	2.0×	+0.3×	Dec 31, 2003
2002	$3.92B	$2.39B	1.6×	-0.4×	Dec 31, 2002
2001	$5.03B	$2.52B	2.0×	—	Dec 31, 2001


PACCAR (PCAR)	3.1×
Franklin Electric Co. (FELE)	3.0×
Huntington Ingalls Industries (HII)	2.9×
Brady (BRC)	2.9×
Fortive (FTV)	2.9×
Southwest Airlines (LUV)	2.7×
Xylem (XYL)	2.6×
FedEx (FDX)	2.5×
Axon Enterprise (TASR)	2.4×
Builders FirstSource (BLDR)	2.3×
McGrath RentCorp (MGRC)	2.2×
Tennant (TNC)	2.2×
Delta Air Lines (DAL)	2.1×
AGCO (AGCO)	2.0×
Textron (TXT)	1.9×
Archer Aviation (ACHR)	1.9×
United Airlines Holdings (UAL)	1.9×
Alamo Group (ALG)	1.7×
Matthews International (MATW)	1.6×
MDU Resources Group (MDU)	1.5×
Amentum Holdings (AMTM)	1.4×
ABM Industries (ABM)	1.4×
Stanley Black & Decker (SWK)	1.2×
Alaska Air Group (ALK)	1.1×
Versant Media Group, Inc. Class A (VSNT)	0.7×

P/B Ratio for Dover (DOV)

P/B Ratio daily chart for Dover (DOV)

Historical P/B Ratio for Dover (DOV) from 2001 to 2025

About P/B Ratio at Dover (DOV)

Dover P/B Ratio by Year

Dover P/B Ratio 2025: 3.6×

Dover P/B Ratio 2024: 3.7×

Dover P/B Ratio 2023: 4.2×

Dover P/B Ratio 2022: 4.4×

Dover P/B Ratio 2021: 6.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Dover (DOV) Key Financials

P/B Ratio daily chart for Dover (DOV)

Historical P/B Ratio for Dover (DOV) from 2001 to 2025

About P/B Ratio at Dover (DOV)

Dover P/B Ratio by Year

Dover P/B Ratio 2025: 3.6×

Dover P/B Ratio 2024: 3.7×

Dover P/B Ratio 2023: 4.2×

Dover P/B Ratio 2022: 4.4×

Dover P/B Ratio 2021: 6.2×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is Dover's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for Dover?

+Is Dover's P/B ratio high or low?

+What is Dover's historical P/B ratio range?

+What was Dover's P/B ratio in 2025?

+Why does Dover's P/B ratio change over time?

Dover (DOV) Key Financials