Start with its own history
At 21.59×, DOV is 8.0% above its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · DOVIndustrial - MachineryUpdated Nov 5, 2026
Dover Corporation P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
21.59×
8.0% abovethe 10-year annual average
Share price212.66
÷Earnings per share9.85
Price and EPS in quote currency. Calculation details
Investors are paying 21.59 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 19.99×
3-year average18.14×3 positive annual observations
5-year average19.16×5 positive annual observations
10-year average19.99×10 positive annual observations
Peer median · TTM31.93×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 24.50× | +155.7% |
| Dec 31, 2024 | 9.58× | -52.9% |
| Dec 31, 2023 | 20.35× | +12.2% |
| Dec 31, 2022 | 18.13× | -22.0% |
| Dec 31, 2021 | 23.25× | -12.7% |
| Dec 31, 2020 | 26.64× | +7.9% |
| Dec 31, 2019 | 24.68× | +32.2% |
| Dec 31, 2018 | 18.67× | +19.3% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 15.64× | -15.2% |
| Dec 31, 2016 | 18.44× | +105.7% |
| Dec 31, 2015 | 8.96× | -28.0% |
| Dec 31, 2014 | 12.45× | +12.8% |
| Dec 31, 2013 | 11.03× | +12.1% |
| Dec 31, 2012 | 9.85× | +22.1% |
| Dec 31, 2011 | 8.07× | -22.7% |
| Dec 31, 2010 | 10.44× | -28.5% |
| Dec 31, 2009 | 14.59× | +107.1% |
| Dec 31, 2008 | 7.04× | -25.1% |
| Dec 31, 2007 | 9.41× | -20.9% |
| Dec 31, 2006 | 11.89× | +10.5% |
| Dec 31, 2005 | 10.76× | -22.2% |
| Dec 31, 2004 | 13.84× | -24.6% |
| Dec 31, 2003 | 18.36× | N/M |
| Dec 31, 2002 | N/M | N/M |
| Dec 31, 2001 | 20.35× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How DOV compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 DOV This stockDover Corporation | 21.59× |
 IEXIDEX Corporation | 32.37× |
 IRIngersoll Rand Inc. | 23.58× |
 ITTITT Inc. | 41.28× |
 NDSNNordson Corporation | 33.30× |
 PHParker-Hannifin Corporation | 31.49× |
 EMREmerson Electric Co. | 35.57× |
 PNRPentair plc | 19.01× |
 SXIStandex International Corporation | 26.69× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does DOV’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 31.93×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take DOV into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("DOV", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 212.66 ÷ EPS 9.85 = 21.59×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
DOV P/E ratio: common questions
The essentials behind the numbers.
Dover Corporation's current P/E is 21.59× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.