Dover Corporation (DOV)

NYSE: DOV · USD

$208

+1.57 (+0.8%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-07

Our latest published analysis: DOV rated Reduce

Dover Corporation's published Reduce conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$163 / share

Potential value

$182 / share

Upside to FV

-14.5%

from $208

Moat

7.5/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$25.6B
Revenue (ttm)	8.6B
Net income (ttm)	1.2B
EPS (ttm)	$8.59
Shares out	133M
P/E (trailing)	24.2x
P/E (forward)	16.9x
Dividend	$2.10 (1.01%)
Volume	1,264,136
Beta	1.13

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 8.6B
Net income (ttm): 1.2B
EPS (ttm): $8.59
P/E (trailing): 24.2x
P/E (forward): 16.9x
Market cap: $25.6B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$7.91B	$7.84B	$7.68B	$7.75B	$8.09B	+0.6%
Gross profit	$2.97B	$2.90B	$2.87B	$2.96B	$3.22B	+2.0%
Operating income	$1.28B	$1.28B	$1.22B	$1.21B	$1.37B	+1.7%
Net income	$1.12B	$1.07B	$1.06B	$2.70B	$1.09B	-0.7%
EPS (diluted)	$7.74	$7.42	$7.52	$19.45	$7.94	+0.6%
EBITDA	$1.80B	$1.60B	$1.37B	$2.23B	$1.86B	+0.9%
R&D	$157.8M	$151.4M	$139.1M	$149.6M	$165.3M	+1.2%
SG&A	$1.69B	$1.63B	$1.65B	$1.75B	$1.84B	+2.2%

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ADBE	Adobe Inc.	97.1B	13.9x	3.7x	57.2%	+11.5%	-30.7%	強い買い
AAL	American Airlines Group Inc.	8.3B	—	0.1x	3.0%	+20.0%	-6.9%	ホールド
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	ホールド
ALLE	Allegion plc	15.2B	22.5x	3.5x	19.4%	+8.8%	+7.2%	ホールド

Base and Bull scenarios

Base60%

Price target

$162.66

-14.5% from spot

In the base scenario, Dover maintains steady compound growth supported by aftermarket consumables and secular demand in clean energy and precision pumping. Redundant facility consolidation costs taper as throughput normalizes, lifting operating margins toward normalized levels. The base scenario targets $162.66 with an assigned probability of 60.0%, implying an expected return of -14.5% relative to $190.17. Disconfirmation would occur if operating margins fail to expand toward normalized targets over subsequent fiscal years or if organic order intake decelerates significantly below industrial GDP.

Steady organic revenue growth driven by secular demand across Pumps & Process Solutions and Clean Energy & Fueling.
Operating margin expands sequentially as refrigeration plant consolidation costs subside and fixed-cost absorption takes hold.
Disciplined annual capital expenditures and working capital management maintain high operating cash conversion.
Steady capital return through annual dividend growth and modest share repurchases reducing diluted share count.

Bull20%

Price target

$182.14

-4.2% from spot

In the bull scenario, rapid commissioning of brazed-plate heat exchanger capacity accelerates shipment conversion, while customer adoption of natural refrigeration systems accelerates without further logistics friction. High incremental margins sustain across growth platforms, driving consolidated profitability toward peak levels. The bull scenario targets $182.14 with an assigned probability of 20.0%, generating an implied return of -4.2% from $190.17. This path would be disconfirmed if competitor capacity expansion triggers severe price discounting or if volume throughput slows across subsequent quarters.

Accelerated capacity commissioning in thermal components enables faster backlog conversion and market share gains.
Incremental margins sustain near peak platform levels, lifting consolidated operating margin to top-tier industrial performance.
Stronger organic volume growth complemented by accretive bolt-on acquisitions in precision fluid handling and clean technologies.
Accelerated free cash flow generation funds expanded share buybacks that reduce share count at a faster pace.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($162.66). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
8.8%	$178	$183	$189	$195	$203
9.3%	$165	$170	$175	$180	$186
9.8%	$155	$158	$163	$167	$172
10.3%	$145	$148	$152	$156	$160
10.8%	$137	$140	$143	$146	$150

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E16.9

P25 n/aP50 n/aP75 n/a

Trailing P/E23.1

P25 n/aP50 n/aP75 n/a

ROE15.2

P25 n/aP50 n/aP75 n/a

ROIC13.7

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All DOV indicators

Market & fundamental data

Available fields

291

Groups with data

Currency

USD

Showing 291 of 291 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000029905
Company name	Dover Corporation
Country	United States
Country code	US
CUSIP number	260003108
Earnings date	2026-10-22
Earnings time	bmo
Employees	24,000
Employees change	0
Employees growth	0%
Enterprise value	$29.2B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1947
In index	SP500
Industry	Specialty Industrial Machinery
Is primary listing	Yes
Is SPAC	No
ISIN number	US2600031080
Last 10-K release date	2026-02-13
Last earnings date	2026-10-22
Last refreshed	2026-10-28
Last stock split date	1997-12-16
Last stock split type	Forward
Market cap	$27.6B
Market cap category	Large-Cap
Next earnings date	2027-01-28
Options	Yes
Price	$207.75
Price currency	USD
Sector	Industrials
SIC code	3530
Stock price date	2026-10-28
Symbol	DOV
U.S. state	Illinois
Website	https://www.dovercorporation.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	19.96x
Average P/E ratio (10Y)	19.83x
Average P/E ratio (3Y)	17.49x
Average P/E ratio (5Y)	17.99x
Earnings yield	4.14%
EV/Earnings	25.08x
EV/EBIT	18.66x
EV/EBITDA	14.93x
EV/FCF	24.66x
EV/Sales	3.41x
FCF / EV yield	4.06%
FCF yield	4.29%
Forward EV/Sales	3.21x
Forward P/E	17.91x
Forward P/S	3.04x
Graham number	105.35237
Graham upside	-49.37%
Industry forward P/E	24.98x
Industry P/E	32.46x
Lynch fair value	$42.96
Lynch upside	-79.35%
P/(FCF - SBC) ratio	24.14x
P/(OCF - SBC) ratio	20.25x
P/B ratio	3.59x
P/E ratio	24.18x
P/FCF ratio	23.33x
P/OCF ratio	19.68x
P/S ratio	3.23x
PEG ratio	1.64x
Price / tangible book value	41.77x
Price/EBITDA ratio	14.13x
Sector forward P/E	26.03x
Sector P/E	40.37x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	18.28%
EBITDA margin	22.84%
Effective tax rate	19.68%
FCF margin	13.83%
Gross margin	40.23%
Operating margin	18.28%
Pretax margin	16.88%
Profit margin	13.6%
Profit per employee	$48,587
Profitable quarters	98
Profitable years	23
Revenue per employee	$357,357
ROA	7.23%
ROA (5Y)	7.4%
ROCE	14.09%
ROE	15.2%
ROE (5Y)	22.33%
ROIC	13.68%
ROIC (5Y)	13.83%
SBC / revenue	0.46%
Tax / revenue	3.32%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-47.18%
EPS growth (Q)	12.94%
EPS growth (QoQ)	7.21%
EPS growth 10Y	10.65%
EPS growth 3Y	5.67%
EPS growth 5Y	5.78%
EPS growth quarters	3
EPS growth years	0
FCF growth	109.37%
FCF growth (Q)	3.93%
FCF growth (QoQ)	103.88%
FCF growth 3Y	6.65%
FCF growth 5Y	2.6%
Gross profit growth	8.74%
Gross profit growth (Q)	8.86%
Gross profit growth 3Y	5.61%
Gross profit growth 5Y	3.41%
Net income growth	-48.13%
Net income growth (Q)	10.38%
Net income growth (QoQ)	6.75%
Net income growth 3Y	4.42%
Net income growth 5Y	4.34%
Net income growth quarters	3
Net income growth years	0
OCF growth	79.42%
OCF growth (Q)	3.73%
OCF growth (QoQ)	86.06%
OCF growth 10Y	4.95%
OCF growth 3Y	6.66%
OCF growth 5Y	3.11%
Operating income growth	12.12%
Operating income growth (Q)	13.08%
Operating income growth 3Y	5.92%
Operating income growth 5Y	4%
Revenue growth	8.24%
Revenue growth (Q)	7.51%
Revenue growth (QoQ)	2%
Revenue growth 10Y	2.48%
Revenue growth 3Y	2.7%
Revenue growth 5Y	2.18%
Revenue growth quarters	6
Revenue growth years	2

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-220M
Depreciation and amortization	$391.5M
EBIT	$1.6B
EBITDA	$2B
EPS	$8.59
FCF per share	$8.92
Financing cash flow	$-985.9M
Free cash flow	$1.2B
Free cash flow minus SBC	$1.1B
Gross profit	$3.5B
Income taxes	$284.9M
Investing cash flow	$-274.6M
Net borrowing	$230.5M
Net cash flow	$140.4M
Net income	$1.2B
Operating cash flow minus SBC	$1.4B
Operating income	$1.6B
Revenue	$8.6B
Stock-based compensation	$39.8M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	5.48
Book value per share	$57.41
Debt / EBITDA	1.59
Debt / equity	0.43
Debt / FCF	2.75
Goodwill	$5.4B
Interest coverage	13.56
Long-term assets	$8.7B
Long-term liabilities	$3.5B
Net cash (debt)	$-1.6B
Net cash / market cap	-5.68%
Net debt / EBITDA	0.8
Net debt / equity	0.21
Net debt / FCF	1.32
Piotroski F-Score	7
Property, plant and equipment	$1.2B
Shareholders' equity	$7.6B
Tangible book value	$662.6M
Tangible book value per share	$4.98
Total assets	$13.7B
Total cash	$1.7B
Total debt	$3.3B
Total liabilities	$6B
WACC	9.64%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.63
Current assets	$5B
Current liabilities	$2.5B
Current ratio	1.95
Inventory turnover	3.67
Net working capital	$1.4B
Quick ratio	1.28
Working capital	$2.4B
Working capital turnover	3.64

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	1.71%
Dividend growth	0.97%
Dividend growth (10Y)	2.06%
Dividend growth (3Y)	0.98%
Dividend growth (5Y)	0.99%
Dividend growth years	71
Dividend payment date	2026-09-15
Dividend payment years	71
Dividend payout frequency	Quarterly
Dividend per share	$2.10
Dividend yield	1.01%
Ex-dividend date	2026-08-31
FCF payout ratio	23.55%
Last dividend	$0.53
Payout ratio	24.44%
Shareholder yield	2.72%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	207.82%
10Y return CAGR	16.23%
10Y total return	349.93%
150-day SMA	$207.60
15Y price change	258.5%
15Y return CAGR	13.89%
15Y total return	603.66%
1D price change	0.76%
1M price change	8.27%
1M total return	8.27%
1W price change	3.96%
1W total return	3.96%
1Y price change	16.74%
1Y return CAGR	17.95%
1Y total return	17.94%
20-day SMA	$194.85
200-day SMA	$209.72
20Y price change	333.08%
20Y return CAGR	11.91%
20Y total return	849.86%
3M price change	0.92%
3M total return	1.19%
3Y price change	61.77%
3Y return CAGR	18.7%
3Y total return	67.27%
50-day SMA	$193.69
50-day SMA vs 200-day SMA	50under200
52-week high	$237.54
52-week high date	2026-02-12
52-week low	$176.40
52-week low date	2025-11-04
5Y price change	25.43%
5Y return CAGR	5.93%
5Y total return	33.39%
6M price change	-8.17%
6M total return	-7.7%
All-time high	$237.54
All-time high date	2026-02-12
All-time low	$0.38
All-time low date	1968-03-25
Average true range (ATR)	$3.99
Average volume	1.1M
Beta (1Y)	0.31
Beta (2Y)	0.93
Beta (5Y)	1.13
Change from 52-week high	-12.54%
Change from 52-week low	17.77%
Change from all-time high	-12.54%
Change from all-time low	55,006.1%
Change from open	-0.31%
Day's gap	1.07%
Dollar volume	$262.6M
High price	$208.42
Low price	$206.82
Monthly RSI	54.86
Open price	$208.39
Position in 52-week range	58.13%
Premarket change	0.49%
Premarket close	$206.18
Premarket price	$207.19
Previous close	$206.18
Price vs 150-day SMA	0.07%
Price vs 20-day SMA	6.62%
Price vs 200-day SMA	-0.94%
Price vs 50-day SMA	7.26%
Relative volume	1.17
RSI	71.41
Sharpe ratio	0.63
Sharpe ratio (3Y)	0.6
Sharpe ratio (5Y)	0.18
Sortino ratio	1.16
Sortino ratio (3Y)	1.16
Sortino ratio (5Y)	0.49
Volume	1.3M
Weekly RSI	54.82
YTD price change	6.41%
YTD total return	7.2%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	132M
Float percentage	99.27%
Shares change (QoQ)	-0.5%
Shares change (YoY)	-1.71%
Shares held by insiders	0.45%
Shares held by institutions	94.39%
Shares outstanding	133M
Short % of float	3.72%
Short % of shares	3.7%
Short ratio	3.5 days

Deeper analysis on DOV

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this DOV report

What is the latest published DOV stock rating?

Dover Corporation is shown with Reduce in the latest published report, analyzed 2026-10-07. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full DOV analysis?

The full latest published report, analyzed 2026-10-07, lives at /stocks/DOV/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for DOV?

The latest published report analyzed 2026-10-07 gives DOV a fair value of USD 163 and a potential value of USD 182. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the DOV page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-07). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

ReduceDOV · Fair value $163-14.5%

Read full analysis →

Category	Score	Reading
Valuation	3.0
Management	8.5
Balance Sheet	7.0
Profitability	5.5
Revenue Growth	6.0
Risk Assessment	6.5
Competitive Moat	7.5
Earnings Quality	8.0
Capital Efficiency	5.5

Dover Corporation (DOV)

Our latest published analysis: DOV rated Reduce

Price

Financial snapshot

Fair-value bridge

Latest news · DOV

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All DOV indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on DOV

Frequently asked questions

レーティング履歴