DHR
Danaher
PE ratio, current and historical analysis
- Stocks
- Healthcare
- NYSE: DHR
- PE Ratio
As of Jul 2, 2026, the DHR stock has a PE ratio of 38.14. The calculation is based on the latest EPS of $5.19 and the stock price of $197.93 per share. A decrease of 4.7% has been observed in the PE ratio compared to its average of 40.0 of the past four quarters.
DHR PE ratio history
The mean historical PE ratio of Danaher over the last ten years is 34.19. The current 38.14 price-to-earnings ratio is 12% 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 Dec 2016 quarter saw the lowest point at 21.09, with a price of $77.84 and an EPS of $3.69.
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 |
|---|---|---|---|---|
| 2025 | 45.15 | 4.83% | $228.92 | $5.07 |
| 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 |
Danaher PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 34.97 | -22.55% | $181.52 | $5.19 |
| Dec 2025 | 45.15 | 19.19% | $228.92 | $5.07 |
| Sep 2025 | 37.88 | -9.87% | $184.84 | $4.88 |
| Jun 2025 | 42.03 | 5.98% | $198.8 | $4.73 |
| 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 |
DHR Price vs fair value
DHR average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of DHR is above its 5 and 10-year averages, but it is under its 3-year average.
PE comparison
Danaher's price to earnings (P/E) of 38.14 is higher than the Healthcare sector, the industry and its peers average. Looking at the Healthcare sector average of 26.04, Danaher's price to earnings (P/E) is 46% higher.
DHR PE vs peers
When compared to its peer GE, DHR's PE ratio is lower, but it is higher than TMO's and MMM's. Danaher is currently trading at a higher PE ratio (38.14) than its peers average of 30.98.
| Stock name | PE ratio | Market cap |
|---|---|---|
| HON Honeywell International Inc | 17.82 | $72.83B |
| A Agilent Technologies Inc | 26.14 | $36.91B |
| TMO Thermo Fisher Scientific Inc | 28.73 | $194.52B |
| MMM 3M Co | 30.74 | $83.68B |
| ALGN Align Technology Inc | 30.91 | $13.21B |
| EMR Emerson Electric Co | 31.97 | $77.87B |
| AME Ametek Inc | 35.39 | $53.78B |
| DHR Danaher Corp | 38.14 | $140.09B |
| GE General Electric Co | 46.15 | $393.88B |
| BRKR Bruker Corp | N/A | $9.38B |
Frequently asked questions
What is Danaher's PE ratio?
DHR's price to earnings ratio is 38.14 as of Jul 2, 2026.
What is the 3-year average PE ratio for Danaher (DHR)?
Over the last 3 years, the average PE ratio for DHR stock is 40.68.
What is the 5-year average PE ratio for Danaher (DHR)?
Over the last 5 years, the average PE ratio for DHR stock is 36.61.
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 12% 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 (Jul 2, 2026), Danaher's share price is $197.93. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $5.19. Therefore, Danaher's price to earnings ratio for today is 38.14. PE RATIO(38.14) = STOCK PRICE($197.93) / TTM EPS($5.19)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.