As of Apr 19, 2024, the DHR stock has a PE ratio of 36.57. The calculation is based on the latest EPS of $6.44 and the stock price of $235.51 per share. An increase of 20% has been observed in the PE ratio compared to its average of 30.4 of the past four quarters.
The mean historical PE ratio of Danaher over the last ten years is 29.2. The current 36.57 price-to-earnings ratio is 25% more than 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 |
|---|---|---|
| 2023 | 35.92 | 32.64% |
| 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% |
The current PE ratio of DHR is above its 3, 5 and 10-year averages.
When compared to its peer ALGN, DHR's PE ratio is lower, but it is higher than TMO's and GE's. Danaher is currently trading at a higher PE ratio (36.57) than its peers average of 27.71.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EMR Emerson Electric Co | 5.62 | $62.08B |
| GE General Electric Co | 17.54 | $161.14B |
| HON Honeywell International Inc | 22.77 | $126.69B |
| BRKR Bruker Corp | 26.63 | $10.71B |
| AME Ametek Inc | 31.18 | $41.05B |
| A Agilent Technologies Inc | 31.45 | $38.9B |
| TMO Thermo Fisher Scientific Inc | 35.1 | $207.73B |
| DHR Danaher Corp | 36.57 | $174.21B |
| ALGN Align Technology Inc | 51.37 | $22.45B |
| MMM 3M Co | N/A | $51B |
DHR's price to earnings ratio is 36.57 as of Apr 19, 2024.
Over the last 3 years, the average PE ratio for DHR stock is 31.89.
Over the last 5 years, the average PE ratio for DHR stock is 34.77.
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 25% 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 (Apr 19, 2024), Danaher's share price is $235.51. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.44. Therefore, Danaher's price to earnings ratio for today is 36.57. PE RATIO(36.57) = STOCK PRICE($235.51) / TTM EPS($6.44)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.