P/E ratio for Dover (DOV)
P/E ratio as of May 2024 (TTM): 25.1
According to Dover's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 25.1489. At the end of 2022 the company had a P/E ratio of 18.1.
P/E ratio history for Dover from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 18.1 | -22.04% |
| 2021 | 23.3 | -12.52% |
| 2020 | 26.6 | 7.69% |
| 2019 | 24.7 | 32.54% |
| 2018 | 18.6 | 18.93% |
| 2017 | 15.7 | -15.15% |
| 2016 | 18.5 | 105.68% |
| 2015 | 8.97 | -27.83% |
| 2014 | 12.4 | 12.57% |
| 2013 | 11.0 | 12.07% |
| 2012 | 9.85 | 22.06% |
| 2011 | 8.07 | -22.53% |
| 2010 | 10.4 | -28.64% |
| 2009 | 14.6 | 107.79% |
| 2008 | 7.03 | -25.39% |
| 2007 | 9.42 | -21.17% |
| 2006 | 11.9 | 10.94% |
| 2005 | 10.8 | -22.23% |
| 2004 | 13.8 | -24.64% |
| 2003 | 18.4 | -156.41% |
| 2002 | -32.6 | -138.02% |
| 2001 | 85.7 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 General Electric GE | 18.7 | -25.64% | 🇺🇸 USA |
 IDEX IEX | 27.2 | 8.34% | 🇺🇸 USA |
 Illinois Tool Works ITW | 24.2 | -3.63% | 🇺🇸 USA |
 NOV NOV | 15.0 | -40.32% | 🇺🇸 USA |
 Parker-Hannifin
PH | 29.8 | 18.57% | 🇺🇸 USA |
 Zebra Technologies ZBRA | 35.2 | 39.98% | 🇺🇸 USA |
 Danaher DHR | 33.1 | 31.78% | 🇺🇸 USA |
 Flowserve
FLS | 26.5 | 5.53% | 🇺🇸 USA |
 Ingersoll Rand IR | 49.0 | 94.92% | 🇮🇪 Ireland |
 Curtiss-Wright
CW | 31.0 | 23.33% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.