Dover Valuation
Is DOV undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Below Future Cash Flow Value
Significantly Below Future Cash Flow Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of DOV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
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Below Future Cash Flow Value: DOV (CHF154.76) is trading below our estimate of future cash flow value (CHF222.71)
Significantly Below Future Cash Flow Value: DOV is trading below future cash flow value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DOV?
Key metric: As DOV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is DOV's PE Ratio? | |
|---|---|
| PE Ratio | 22.4x |
| Earnings | US$1.13b |
| Market Cap | US$25.24b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 3.2x |
| Enterprise Value/EBITDA | 14x |
| PEG Ratio | 2.6x |
Price to Earnings Ratio vs Peers
How does DOV's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 37.7x | ||
VACN VAT Group | 88.4x | 25.14% | CHF 18.3b |
SCHN Schindler Holding | 25.7x | 7.18% | CHF 26.6b |
SFSN SFS Group | 20.3x | 9.10% | CHF 5.2b |
SUN Sulzer | 16.3x | 10.29% | CHF 4.9b |
DOV Dover | 22.4x | 8.57% | CHF 25.2b |
Price-To-Earnings vs Peers: DOV is good value based on its Price-To-Earnings Ratio (22.4x) compared to the peer average (37.7x).
Historical Price to Earnings Ratio
Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.
Fetching historical data
Price to Earnings Ratio vs Industry
How does DOV's PE Ratio compare vs other companies in the European Machinery Industry?
| 5 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 5 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: DOV is expensive based on its Price-To-Earnings Ratio (22.4x) compared to the European Machinery industry average (20.3x).
Price to Earnings Ratio vs Fair Ratio
What is DOV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 22.4x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DOV's Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CHF 154.76 | CHF 201.20 +30.01% | 11.08% | CHF 235.82 | CHF 137.56 | n/a | 18 |
| Sep ’27 | CHF 155.24 | CHF 200.19 +28.96% | 11.21% | CHF 233.53 | CHF 136.22 | n/a | 18 |
| Aug ’27 | CHF 164.97 | CHF 199.20 +20.75% | 10.83% | CHF 231.74 | CHF 135.18 | n/a | 18 |
| Jul ’27 | CHF 179.01 | CHF 203.53 +13.70% | 10.68% | CHF 226.05 | CHF 135.63 | n/a | 18 |
| Jun ’27 | n/a | CHF 195.35 0% | 10.99% | CHF 219.49 | CHF 131.69 | n/a | 20 |
| May ’27 | n/a | CHF 196.30 0% | 10.52% | CHF 220.28 | CHF 132.64 | n/a | 21 |
| Apr ’27 | n/a | CHF 184.23 0% | 9.79% | CHF 212.19 | CHF 133.51 | n/a | 21 |
| Mar ’27 | n/a | CHF 176.13 0% | 10.64% | CHF 205.26 | CHF 129.16 | n/a | 20 |
| Feb ’27 | n/a | CHF 173.66 0% | 10.69% | CHF 209.48 | CHF 129.86 | n/a | 20 |
| Jan ’27 | n/a | CHF 170.98 0% | 9.12% | CHF 192.76 | CHF 133.82 | n/a | 20 |
| Dec ’26 | n/a | CHF 170.75 0% | 9.15% | CHF 192.14 | CHF 133.39 | n/a | 18 |
| Nov ’26 | n/a | CHF 171.90 0% | 9.16% | CHF 193.74 | CHF 134.49 | n/a | 18 |
| Oct ’26 | n/a | CHF 170.12 0% | 8.88% | CHF 188.09 | CHF 133.90 | n/a | 18 |
| Sep ’26 | n/a | CHF 171.83 0% | 8.85% | CHF 190.77 | CHF 135.80 | CHF 155.24 | 19 |
| Aug ’26 | n/a | CHF 170.49 0% | 8.70% | CHF 188.75 | CHF 134.94 | CHF 164.97 | 19 |
| Jul ’26 | n/a | CHF 160.30 0% | 8.76% | CHF 182.25 | CHF 133.12 | CHF 179.01 | 20 |
| Jun ’26 | n/a | CHF 169.03 0% | 8.75% | CHF 193.00 | CHF 140.98 | n/a | 20 |
| May ’26 | n/a | CHF 163.35 0% | 9.18% | CHF 189.82 | CHF 138.65 | n/a | 20 |
| Apr ’26 | n/a | CHF 192.99 0% | 9.99% | CHF 221.13 | CHF 146.83 | n/a | 19 |
| Mar ’26 | n/a | CHF 196.14 0% | 9.50% | CHF 223.14 | CHF 148.16 | n/a | 19 |
| Feb ’26 | n/a | CHF 202.25 0% | 7.83% | CHF 227.68 | CHF 151.18 | n/a | 19 |
| Jan ’26 | n/a | CHF 195.05 0% | 5.30% | CHF 215.53 | CHF 176.02 | n/a | 18 |
| Dec ’25 | n/a | CHF 188.76 0% | 4.97% | CHF 201.35 | CHF 168.53 | n/a | 18 |
| Nov ’25 | n/a | CHF 182.47 0% | 6.07% | CHF 196.94 | CHF 159.63 | n/a | 16 |
| Oct ’25 | n/a | CHF 172.46 0% | 5.00% | CHF 185.34 | CHF 157.41 | n/a | 15 |
| Sep ’25 | n/a | CHF 175.20 0% | 5.19% | CHF 189.33 | CHF 160.80 | n/a | 15 |
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/20 03:46 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Dover Corporation is covered by 30 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Bamman | Ascendiant Capital Markets LLC |
| Michael Halloran | Baird |
| Steven Winoker | Bernstein |