The current PE ratio for DOVER stock as of May 2, 2024 is 16.96. This is calculated based on the TTM EPS of $10.47 and the stock price of $177.55 per share. The PE ratio marks a decrease of 12% from its last 4 quarters average of 19.2.
The average historical PE ratio of DOVER for the last ten years is 19.44. The current P/E ratio of 16.96 is 13% 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 Sep 2015 quarter, when it reached 10.16 with a price of $57.18 and an EPS of $5.63.
Maximum annual increase: 105.58% in 2016
Maximum annual decrease: -27.95% in 2015
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 20.35 | 12.24% |
| 2022 | 18.13 | -22.02% |
| 2021 | 23.25 | -12.73% |
| 2020 | 26.64 | 7.94% |
| 2019 | 24.68 | 32.19% |
| 2018 | 18.67 | -3.66% |
| 2017 | 19.38 | -15.15% |
| 2016 | 22.84 | 105.58% |
| 2015 | 11.11 | -27.95% |
| 2014 | 15.42 | -6.38% |
DOV's current PE ratio is lower than its 3, 5 and 10-year averages.
In comparison to its peers DHR and GE, DOV's PE ratio is lower, but it is higher than NOV's. DOVER's PE ratio is trading below the peer average of 34.61.
| Stock name | PE ratio | Market cap |
|---|---|---|
| NOV National Oilwell Varco Inc | 7.39 | $7.31B |
| DOV DOVER Corp | 17.05 | $24.53B |
| ITW Illinois Tool Works Inc | 24.91 | $72.72B |
| PH Parker Hannifin Corp | 26.24 | $69.12B |
| FLS Flowserve Corp | 26.73 | $6.26B |
| CW Curtiss Wright Corp | 27.41 | $10.26B |
| IEX Idex Corp | 29.06 | $16.76B |
| DHR Danaher Corp | 41.82 | $184.62B |
| IR Ingersoll Rand Inc | 45.67 | $35.38B |
| GE General Electric Co | 53.01 | $179.3B |
| ZBRA Zebra Technologies Corp | 61.87 | $16.13B |
DOV stock has a price to earnings ratio of 16.96 as of May 2, 2024.
Over the last 3 years, the average price to earnings ratio for DOV stock is 19.71.
Over the last 5 years, the average price to earnings ratio for DOV stock is 21.07.
Over the last ten years, the quarterly PE ratio reached its highest level at 26.68 in the Mar 2021 quarter.
The current PE ratio of DOV is 13% lower than the 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 (May 2, 2024), DOVER's share price is $177.55. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $10.47. Therefore, DOVER's PE ratio for today is 16.96. PE RATIO(16.96) = STOCK PRICE($177.55) / TTM EPS($10.47)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.