We’ve recently updated our valuation analysis.

Dover Valuation

Is DOV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DOV?

Other financial metrics that can be useful for relative valuation.

DOV key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.8x
Enterprise Value/EBITDA14.4x
PEG Ratio3x

Price to Earnings Ratio vs Peers

How does DOV's PE Ratio compare to its peers?

The above table shows the PE ratio for DOV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37.5x
IEX IDEX
31.3x2.3%US$18.0b
FTV Fortive
34.1x15.4%US$23.7b
XYL Xylem
57.9x22.7%US$18.5b
NDSN Nordson
26.7x9.1%US$13.7b
DOV Dover
17.5x5.9%US$20.3b

Price-To-Earnings vs Peers: DOV is good value based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (37.5x).


Price to Earnings Ratio vs Industry

How does DOV's PE Ratio compare vs other companies in the US Machinery Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a11.0%
n/an/an/a

Price-To-Earnings vs Industry: DOV is good value based on its Price-To-Earnings Ratio (17.5x) compared to the US Machinery industry average (23.3x)


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.

DOV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ratio19.1x

Price-To-Earnings vs Fair Ratio: DOV is good value based on its Price-To-Earnings Ratio (17.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.1x).


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.

Below Fair Value: DOV ($144.98) is trading below our estimate of fair value ($180.05)

Significantly Below Fair Value: DOV is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DOV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$144.98
US$154.40
+6.5%
11.1%US$189.00US$130.00n/a15
Jan ’24US$135.41
US$151.69
+12.0%
12.4%US$189.00US$122.00n/a16
Dec ’23US$142.49
US$147.43
+3.5%
12.0%US$189.00US$122.00n/a14
Nov ’23US$132.70
US$147.43
+11.1%
12.0%US$189.00US$122.00n/a14
Oct ’23US$116.58
US$154.27
+32.3%
15.1%US$205.00US$128.00n/a15
Sep ’23US$129.06
US$154.27
+19.5%
15.1%US$205.00US$128.00n/a15
Aug ’23US$132.28
US$155.64
+17.7%
15.1%US$205.00US$128.00n/a14
Jul ’23US$122.41
US$171.33
+40.0%
13.7%US$216.00US$135.00n/a15
Jun ’23US$132.78
US$174.93
+31.7%
11.7%US$216.00US$140.00n/a15
May ’23US$133.30
US$178.27
+33.7%
9.8%US$216.00US$155.00n/a15
Apr ’23US$158.55
US$196.33
+23.8%
7.3%US$221.00US$169.00n/a15
Mar ’23US$151.67
US$197.87
+30.5%
7.8%US$227.00US$169.00n/a15
Feb ’23US$169.69
US$197.87
+16.6%
7.8%US$227.00US$169.00n/a15
Jan ’23US$181.60
US$189.14
+4.2%
8.2%US$207.00US$148.00US$135.4114
Dec ’22US$162.83
US$183.23
+12.5%
8.3%US$205.00US$148.00US$142.4913
Nov ’22US$169.76
US$183.23
+7.9%
8.3%US$205.00US$148.00US$132.7013
Oct ’22US$156.88
US$176.75
+12.7%
7.4%US$196.00US$142.00US$116.5812
Sep ’22US$173.89
US$176.75
+1.6%
7.4%US$196.00US$142.00US$129.0612
Aug ’22US$167.12
US$176.75
+5.8%
7.4%US$196.00US$142.00US$132.2812
Jul ’22US$150.96
US$158.08
+4.7%
7.2%US$173.00US$128.00US$122.4113
Jun ’22US$151.13
US$157.85
+4.4%
7.1%US$170.00US$128.00US$132.7813
May ’22US$149.19
US$157.69
+5.7%
7.1%US$170.00US$128.00US$133.3013
Apr ’22US$137.93
US$139.15
+0.9%
5.5%US$147.00US$116.00US$158.5513
Mar ’22US$127.37
US$137.85
+8.2%
6.1%US$147.00US$113.00US$151.6713
Feb ’22US$117.58
US$137.77
+17.2%
6.1%US$147.00US$113.00US$169.6913
Jan ’22US$126.25
US$134.92
+6.9%
7.6%US$151.00US$108.00US$181.6013

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies