Dover Corporation (DOV) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Founded in 1955 by George Ohrstrom, Dover has become an industrial behemoth through the acquisition of dozens of esteemed brands. The company is organized into five segments through which it design...
Dover Corporation (DOV) currently trades at a P/E ratio of 23.24 (historical range: 9.10–28.46, median: 17.72), placing it at the 80th percentile — expensive relative to its history, P/S ratio of 3.13 (range: 2.01–4.06, 59th percentile — near its historical average), EV/EBITDA of 19.63 (range: 15.33–25.54, 43th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Dover Corporation's P/E ratio has contracted by 17% over the observed period (from an average of 20.1 to 16.6).
Dover Corporation trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 23.24 | 17.72 | 80th | expensive relative to its history |
| P/S Ratio | 3.13 | 3.00 | 59th | near its historical average |
| EV/EBITDA | 19.63 | 20.19 | 43th | near its historical average |
| FCF Yield | 4.46% | 3.97% | 86th | cheap relative to its history |
Dover Corporation (DOV) Valuation & P/E History
Dover Corporation (DOV) is a US-listed stock operating in the Industrials sector, specifically the Construction, Mining & Materials Handling Machinery & Equip industry currently trading at $195.80 with a market capitalization of $26.4 billion. This page provides historical valuation analysis for DOV based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 23.24 is above the historical median of 17.72, placing DOV at the 80th percentile of its valuation range. The P/S ratio of 3.13 compares to a median of 3.00.
DOV Valuation Metrics & Historical Range
The valuation table above shows Dover Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether DOV is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests DOV is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Dover Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is DOV Overvalued or Undervalued?
Dover Corporation trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 61 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive DOV is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full DOV analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.DOV trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.