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DHR Danaher PE ratio, current and historical analysis

As of Jun 25, 2025, the DHR stock has a PE ratio of 38.73. The calculation is based on the latest EPS of $5.19 and the stock price of $201 per share. A decrease of 13% has been observed in the PE ratio compared to its average of 44.7 of the past four quarters.

DHR PE ratio history

How has DHR's PE ratio performed in the past

The mean historical PE ratio of Danaher over the last ten years is 31.82. The current 38.73 price-to-earnings ratio is 22% more than the historical average. Analyzing the last ten years, DHR's PE ratio reached its highest point in the Sep 2024 quarter at 52.07, with a price of $275.44 and an EPS of $5.29. The Oct 2015 quarter saw the lowest point at 18.17, with a price of $86.66 and an EPS of $4.77.

Today
38.73
Average
31.82
Median
30.07
Minimum
18.17
Maximum
52.07

Danaher PE ratio by year

Maximum annual increase: 36.88% in 2019

Maximum annual decrease: -27.83% in 2022

Year PE ratio PE change Price EPS
2024 43.07 19.91% $229.55 $5.33
2023 35.92 32.64% $231.34 $6.44
2022 27.08 -27.83% $265.42 $9.8
2021 37.52 -16.06% $329.01 $8.77
2020 44.7 19.71% $222.14 $4.97
2019 37.34 36.88% $153.48 $4.11
2018 27.28 5.21% $103.12 $3.78
2017 25.93 22.95% $92.82 $3.58
2016 21.09 9.22% $77.84 $3.69
2015 19.31 -16.62% $92.88 $4.81
2014 23.16 16.09% $85.71 $3.7
2013 19.95 23.15% $77.2 $3.87
2012 16.2 10.58% $55.9 $3.45
2011 14.65 -14.92% $47.04 $3.21
2010 17.22 -17.57% $47.17 $2.74

Danaher PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
Mar 2025 39.66 -7.92% $205.85 $5.19
Dec 2024 43.07 -17.28% $229.55 $5.33
Sep 2024 52.07 18.58% $275.44 $5.29
Jun 2024 43.91 4.8% $249.85 $5.69
Mar 2024 41.9 16.65% $249.72 $5.96
Dec 2023 35.92 16.25% $231.34 $6.44
Sep 2023 30.9 11.11% $248.1 $8.03
Jun 2023 27.81 3.85% $240 $8.63
Mar 2023 26.78 -1.11% $252.04 $9.41
Dec 2022 27.08 -3.56% $265.42 $9.8
Sep 2022 28.08 -6.09% $258.29 $9.2
Jul 2022 29.9 -9.89% $258.05 $8.63
Apr 2022 33.18 -11.57% $291.69 $8.79
Dec 2021 37.52 -0.48% $329.01 $8.77
Oct 2021 37.7 5.1% $302.32 $8.02

DHR Price vs fair value

How does DHR's price compare to its estimated fair value based on its growth

DHR average PE ratio chart

What is the average PE ratio of DHR for the past years

The current PE ratio of DHR is above its 3, 5 and 10-year averages.

3-year avg
35.59
5-year avg
36.55
10-year avg
31.82
15-year avg
27.21

DHR PE vs peers

What is DHR's PE ratio compared to its peers

When compared to its peer BRKR, DHR's PE ratio is lower, but it is higher than GE's and TMO's. Danaher is currently trading at a higher PE ratio (38.73) than its peers average of 34.25.

Stock name PE ratio Market cap
MMM 3M Co 18.56 $79.52B
TMO Thermo Fisher Scientific Inc 24.03 $155.02B
HON Honeywell International Inc 25.35 $142.54B
AME Ametek Inc 29.08 $41.1B
A Agilent Technologies Inc 29.14 $33.7B
EMR Emerson Electric Co 30.75 $72.81B
ALGN Align Technology Inc 34.03 $13.56B
GE General Electric Co 38.56 $266.49B
DHR Danaher Corp 38.73 $143.85B
BRKR Bruker Corp 78.71 $6.2B

Frequently asked questions

What is Danaher's PE ratio?

DHR's price to earnings ratio is 38.73 as of Jun 25, 2025.

What is the 3-year average PE ratio for Danaher (DHR)?

Over the last 3 years, the average PE ratio for DHR stock is 35.59.

What is the 5-year average PE ratio for Danaher (DHR)?

Over the last 5 years, the average PE ratio for DHR stock is 36.55.

What is the highest PE ratio for DHR?

Over the last ten years, the Sep 2024 quarter recorded the highest quarterly PE ratio at 52.07.

How does the current PE ratio for DHR compare to its historical average?

DHR's current price to earnings ratio is 22% above its 10-year historical average.

How is DHR's PE ratio calculated (Danaher PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jun 25, 2025), Danaher's share price is $201. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $5.19. Therefore, Danaher's price to earnings ratio for today is 38.73. PE RATIO(38.73) = STOCK PRICE($201) / TTM EPS($5.19)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.