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DHR Danaher PE ratio, current and historical analysis

As of Jul 11, 2025, the DHR stock has a PE ratio of 39.47. The calculation is based on the latest EPS of $5.19 and the stock price of $204.85 per share. A decrease of 12% 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 32.04. The current 39.47 price-to-earnings ratio is 23% 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
38.22
Average
32.04
Median
30.23
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
36.11
5-year avg
36.48
10-year avg
32.04
15-year avg
27.36

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 (39.47) than its peers average of 36.17.

Stock name PE ratio Market cap
MMM 3M Co 19.76 $84.67B
TMO Thermo Fisher Scientific Inc 24.99 $161.22B
HON Honeywell International Inc 27.21 $153B
AME Ametek Inc 29.18 $41.23B
A Agilent Technologies Inc 29.62 $34.25B
EMR Emerson Electric Co 33.21 $78.64B
ALGN Align Technology Inc 36.28 $14.47B
DHR Danaher Corp 38.22 $141.96B
GE General Electric Co 40.26 $278.2B
BRKR Bruker Corp 83.52 $6.58B

Frequently asked questions

What is Danaher's PE ratio?

DHR's price to earnings ratio is 39.47 as of Jul 11, 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 36.11.

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

Over the last 5 years, the average PE ratio for DHR stock is 36.48.

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 23% 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 11, 2025), Danaher's share price is $204.85. 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 39.47. PE RATIO(39.47) = STOCK PRICE($204.85) / TTM EPS($5.19)

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