# Dover Corporation (DOV) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Industrials / Machinery. Price $192.88, market value $26.0 billion.

## Valuation
- **P/E (trailing): 23.3×** (5-yr avg 18.7×, 3-yr avg 18.0×). Dover Corporation trades at 23.3× trailing earnings, well above its own five-year average of 18.7×: investors are paying up relative to the company's past. The Industrials median in the September 2026 study was 25.7×. Forward P/E is 16.6×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 3.1×**. Each dollar of revenue is priced at 3.1×.
- **Price / book: 3.4×**. The shares trade at 3.4× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 16.2×**. Enterprise value is 16.2× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.5%** (5-yr avg 4.0%). Free cash flow equals 4.5% of the market value, in line with its five-year average of 4.0%.
- **Earnings yield: 4.3%**. The inverse of the P/E: 4.3% of the price is earned each year.

## Profitability
- **Gross margin: 39.6%**. Dover Corporation keeps 39.6% of revenue after the direct cost of what it sells.
- **Operating margin: 16.9%**. 16.9% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 13.5%**. 13.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 14.8%**. 14.8% on shareholders' equity is solid.
- **Return on invested capital: 10.5%**. Return on all capital, debt included, is 10.5%.
- **Return on assets: 8.5%**. Each dollar of assets produces 8.5% of profit.

## Growth
- **Revenue growth (1 yr): 4.5%** (3-yr 1.0%/yr, 5-yr 3.9%/yr). Revenue grew 4.5% over the last year, against 3.9% a year compounded over five years.
- **EPS growth (1 yr): -59.2%** (3-yr 2.3%/yr, 5-yr 11.1%/yr). Earnings per share fell 59.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 23.4%/yr**. Free cash flow has compounded at 23.4% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.45**. Debt is 0.45 times equity: a conservative balance sheet.
- **Current ratio: 1.79** (quick 1.79). Current assets cover the next year's liabilities 1.79 times.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 1.09%** ($2.08 per share, trailing). Dover Corporation yields 1.09%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 26%** (24% of free cash flow). 26% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 26**. 26 straight years of increases (the data covers 26 years, so this may be longer): a record very few companies hold.
- **Dividend growth (5 yr): 1.0%/yr** (1-yr 1.0%). The dividend has grown 1.0% a year over five years.

## Analyst view
- **Analyst consensus: buy** (18 analysts). 18 analysts cover Dover Corporation; the consensus is buy, with an average price target of $246.89 (+28% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 9.0%** (YTD -0.7%, 3-mo -10.2%). The shares are up 9.0% over twelve months including dividends.
- **From 52-week high: -18.8%** (21.3% above the low). Trading 19% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 36**. An RSI of 36 is neutral.
- **Beta (1 yr): 0.93** (volatility 26%). Beta of 0.93 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DOV · Page: https://foliofundamentals.com/stocks/dov

Not investment advice.