Question 1

What is Dover's P/E ratio?

Accepted Answer

Dover (DOV) P/E ratio is 26.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Dover?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Dover specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

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

Accepted Answer

Dover's P/E ratio of 26.5× is above its own 5-year average of 18.0× and below the sector median of 27.8×. That places the current reading at the 87th 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/E ratio range?

Accepted Answer

In the available daily series, Dover (DOV) P/E ratio has ranged from a low of 6.6× in 2009 to a high of 30.5× in 2021. The 5-year average is 18.0× and the 5-year median is 18.4×.

Question 7

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

Accepted Answer

Dover (DOV) P/E ratio at the end of 2025 was 24.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$1.09B	24.5×	+14.9×	Dec 31, 2025
2024	$25.84B	$2.70B	9.6×	-10.8×	Dec 31, 2024
2023	$21.52B	$1.06B	20.4×	+2.5×	Dec 31, 2023
2022	$19.00B	$1.07B	17.8×	-5.4×	Dec 31, 2022
2021	$26.15B	$1.12B	23.3×	-3.3×	Dec 31, 2021
2020	$18.17B	$683.45M	26.6×	+1.9×	Dec 31, 2020
2019	$16.71B	$677.92M	24.6×	+6.5×	Dec 31, 2019
2018	$10.36B	$570.27M	18.2×	+2.5×	Dec 31, 2018
2017	$12.69B	$811.66M	15.6×	-2.8×	Dec 31, 2017
2016	$9.40B	$508.89M	18.5×	+9.6×	Dec 31, 2016
2015	$7.67B	$869.83M	8.8×	-3.4×	Dec 31, 2015
2014	$9.47B	$775.24M	12.2×	+1.1×	Dec 31, 2014
2013	$11.12B	$1.00B	11.1×	+1.4×	Dec 31, 2013
2012	$7.89B	$811.07M	9.7×	+1.7×	Dec 31, 2012
2011	$7.23B	$895.24M	8.1×	-2.4×	Dec 31, 2011
2010	$7.31B	$700.10M	10.4×	-4.1×	Dec 31, 2010
2009	$5.19B	$356.44M	14.6×	+7.6×	Dec 31, 2009
2008	$4.10B	$590.83M	6.9×	-2.0×	Dec 31, 2008
2007	$5.94B	$661.08M	9.0×	-2.9×	Dec 31, 2007
2006	$6.70B	$561.78M	11.9×	+1.2×	Dec 31, 2006
2005	$5.50B	$510.14M	10.8×	-3.1×	Dec 31, 2005
2004	$5.71B	$412.75M	13.8×	-4.6×	Dec 31, 2004
2003	$5.40B	$292.93M	18.4×	—	Dec 31, 2003
2002	$3.92B	−$121.26M	—	—	Dec 31, 2002
2001	$5.03B	$248.54M	20.2×	—	Dec 31, 2001


Lennox International (LII)	20.6×
Paychex (PAYX)	20.6×
Copart (CPRT)	20.4×
Otis Worldwide (OTIS)	20.2×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Carlisle Companies (CSL)	18.8×
Automatic Data Processing (ADP)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
United Rentals (URI)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
A. O. Smith (AOS)	17.4×
FedEx (FDX)	16.9×
Textron (TXT)	16.6×
United Parcel Service (UPS)	15.9×
ABM Industries (ABM)	15.2×
Gartner (IT)	14.9×
AGCO (AGCO)	10.9×
Delta Air Lines (DAL)	9.7×
United Airlines Holdings (UAL)	8.2×
Versant Media Group, Inc. Class A (VSNT)	6.3×

P/E Ratio for Dover (DOV)

P/E Ratio daily chart for Dover (DOV)

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

About P/E Ratio at Dover (DOV)

Dover P/E Ratio by Year

Dover P/E Ratio 2025: 24.5×

Dover P/E Ratio 2024: 9.6×

Dover P/E Ratio 2023: 20.4×

Dover P/E Ratio 2022: 17.8×

Dover P/E Ratio 2021: 23.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Dover (DOV) Key Financials

P/E Ratio daily chart for Dover (DOV)

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

About P/E Ratio at Dover (DOV)

Dover P/E Ratio by Year

Dover P/E Ratio 2025: 24.5×

Dover P/E Ratio 2024: 9.6×

Dover P/E Ratio 2023: 20.4×

Dover P/E Ratio 2022: 17.8×

Dover P/E Ratio 2021: 23.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Dover's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

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

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

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

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

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

Dover (DOV) Key Financials