DOV DOVER PE ratio, current and historical analysis
The current PE ratio for DOVER stock as of Feb 21, 2025 is 10.24. This is calculated based on the TTM EPS of $19.58 and the stock price of $200.54 per share. The PE ratio marks a decrease of 32% from its last 4 quarters average of 15.1.
DOV PE ratio history
The average historical PE ratio of DOVER for the last ten years is 19.26. The current P/E ratio of 10.24 is 47% lower than the historical average. Looking back at the last ten years, DOV's PE ratio peaked in the Mar 2021 quarter at 26.68, when the price was $137.13 and the EPS was $5.14. The lowest point was in the Dec 2024 quarter, when it reached 9.58 with a price of $187.6 and an EPS of $19.58.
DOVER PE ratio by year
Maximum annual increase: 105.58% in 2016
Maximum annual decrease: -52.92% in 2024
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 9.58 | -52.92% | $187.6 | $19.58 |
| 2023 | 20.35 | 12.24% | $153.81 | $7.56 |
| 2022 | 18.13 | -22.02% | $135.41 | $7.47 |
| 2021 | 23.25 | -12.73% | $181.6 | $7.81 |
| 2020 | 26.64 | 7.94% | $126.25 | $4.74 |
| 2019 | 24.68 | 32.19% | $115.26 | $4.67 |
| 2018 | 18.67 | -3.66% | $70.95 | $3.8 |
| 2017 | 19.38 | -15.15% | $100.99 | $5.21 |
| 2016 | 22.84 | 105.58% | $74.93 | $3.28 |
| 2015 | 11.11 | -27.95% | $61.31 | $5.52 |
| 2014 | 15.42 | -6.38% | $71.72 | $4.65 |
| 2013 | 16.47 | 12.04% | $96.54 | $5.86 |
| 2012 | 14.7 | 22.09% | $65.71 | $4.47 |
| 2011 | 12.04 | -22.77% | $58.05 | $4.82 |
| 2010 | 15.59 | -28.45% | $58.45 | $3.75 |
DOVER PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Dec 2024 | 9.58 | -43.78% | $187.6 | $19.58 |
| Sep 2024 | 17.04 | 1.91% | $191.74 | $11.25 |
| Jun 2024 | 16.72 | -1.18% | $180.45 | $10.79 |
| Mar 2024 | 16.92 | -16.86% | $177.19 | $10.47 |
| Dec 2023 | 20.35 | 6.77% | $153.81 | $7.56 |
| Sep 2023 | 19.06 | -6.29% | $139.51 | $7.32 |
| Jun 2023 | 20.34 | 0.94% | $147.65 | $7.26 |
| Mar 2023 | 20.15 | 11.14% | $151.94 | $7.54 |
| Dec 2022 | 18.13 | 26.17% | $135.41 | $7.47 |
| Sep 2022 | 14.37 | -6.08% | $116.58 | $8.11 |
| Jun 2022 | 15.3 | -24.33% | $121.32 | $7.93 |
| Mar 2022 | 20.22 | -13.03% | $156.9 | $7.76 |
| Dec 2021 | 23.25 | -2.06% | $181.6 | $7.81 |
| Sep 2021 | 23.74 | -3.69% | $155.5 | $6.55 |
| Jun 2021 | 24.65 | -7.61% | $150.6 | $6.11 |
DOV average PE ratio chart
DOV's current PE ratio is lower than its 3, 5 and 10-year averages.
DOV PE vs peers
In comparison to its peers GE and DHR, DOV's PE ratio is lower, but it is higher than NOV's. DOVER's PE ratio is trading below the peer average of 28.8.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NOV National Oilwell Varco Inc | 9.33 | $5.75B |
| DOV DOVER Corp | 10.24 | $27.52B |
| ITW Illinois Tool Works Inc | 22.49 | $77.57B |
| FLS Flowserve Corp | 27.15 | $7.28B |
| PH Parker Hannifin Corp | 27.17 | $85.88B |
| IEX Idex Corp | 28.98 | $14.62B |
| CW Curtiss Wright Corp | 29.8 | $11.91B |
| ZBRA Zebra Technologies Corp | 30.35 | $15.98B |
| GE General Electric Co | 33.08 | $214.48B |
| DHR Danaher Corp | 39.44 | $150.25B |
| IR Ingersoll Rand Inc | 40.24 | $33.73B |
Frequently asked questions
What is DOVER's PE ratio?
DOV stock has a price to earnings ratio of 10.24 as of Feb 21, 2025.
What is the 3-year average PE ratio for DOVER (DOV)?
Over the last 3 years, the average price to earnings ratio for DOV stock is 17.35.
What is the 5-year average PE ratio for DOVER (DOV)?
Over the last 5 years, the average price to earnings ratio for DOV stock is 19.67.
What is the highest PE ratio for DOV?
Over the last ten years, the quarterly PE ratio reached its highest level at 26.68 in the Mar 2021 quarter.
How does the current PE ratio for DOV compare to its historical average?
The current PE ratio of DOV is 47% lower than the 10-year historical average.
How is DOV's PE ratio calculated (DOVER PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Feb 21, 2025), DOVER's share price is $200.54. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $19.58. Therefore, DOVER's PE ratio for today is 10.24. PE RATIO(10.24) = STOCK PRICE($200.54) / TTM EPS($19.58)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.