As of Sep 28, 2023, the DHR stock has a PE ratio of 28.64. The calculation is based on the latest EPS of $8.63 and the stock price of $247.19 per share. An increase of 4.4% has been observed in the PE ratio compared to its average of 27.4 of the past four quarters.
The mean historical PE ratio of Danaher over the last ten years is 28.51. The current 28.64 price-to-earnings ratio is in line with the historical average. Analyzing the last ten years, DHR's PE ratio reached its highest point in the Dec 2020 quarter at 44.7, with a price of $222.14 and an EPS of $4.97. The Oct 2015 quarter saw the lowest point at 18.17, with a price of $86.66 and an EPS of $4.77.
Maximum annual increase: 36.88% in 2019
Maximum annual decrease: -27.83% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 27.08 | -27.83% |
| 2021 | 37.52 | -16.06% |
| 2020 | 44.7 | 19.71% |
| 2019 | 37.34 | 36.88% |
| 2018 | 27.28 | 5.21% |
| 2017 | 25.93 | 22.95% |
| 2016 | 21.09 | 9.22% |
| 2015 | 19.31 | -16.62% |
| 2014 | 23.16 | 16.09% |
| 2013 | 19.95 | 23.15% |
The current PE ratio of DHR is above its 10-year average, but it is under its 3 and 5-year averages.
When compared to its peers TMO and A, DHR's PE ratio is lower, but it is higher than HON's and GE's. Danaher is currently trading at a lower PE ratio (28.64) than its peers average of 29.48.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EMR Emerson Electric Co | 4.21 | $55.31B |
| GE General Electric Co | 13.04 | $119.92B |
| HON Honeywell International Inc | 22.7 | $122.82B |
| AME Ametek Inc | 27.56 | $34.2B |
| BRKR Bruker Corp | 28.65 | $9.13B |
| DHR Danaher Corp | 28.7 | $182.87B |
| A Agilent Technologies Inc | 29.15 | $32.67B |
| TMO Thermo Fisher Scientific Inc | 34.36 | $195.2B |
| ALGN Align Technology Inc | 75.19 | $23.42B |
| MMM 3M Co | N/A | $51.57B |
DHR's price to earnings ratio is 28.64 as of Sep 28, 2023.
Over the last 3 years, the average PE ratio for DHR stock is 33.81.
Over the last 5 years, the average PE ratio for DHR stock is 34.72.
Over the last ten years, the Dec 2020 quarter recorded the highest quarterly PE ratio at 44.7.
DHR's current price to earnings ratio is 0.5% above its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Sep 28, 2023), Danaher's share price is $247.19. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $8.63. Therefore, Danaher's price to earnings ratio for today is 28.64. PE RATIO(28.64) = STOCK PRICE($247.19) / TTM EPS($8.63)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.