Using the industry peer median P/E multiple (trailing + forward), Dover Corporation (DOV) has a fair value of $216.13 based on 7 comparable companies in the Industrial - Machinery industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Dover CorporationDOV | 29,110 | 26.6x | 25.8x |
| Howmet Aerospace Inc.HWM | 93,360 | 62.5x | 50.4x |
| Ingersoll Rand Inc.IR | 32,427 | 56.6x | 25.0x |
| Hubbell IncorporatedHUBB | 25,778 | 29.3x | 29.4x |
| Veralto CorporationVLTO | 21,450 | 23.0x | 22.5x |
| Equifax Inc.EFX | 21,435 | 32.9x | 20.2x |
| IDEX CorporationIEX | 14,247 | 29.7x | 24.1x |
| Pentair plcPNR | 14,126 | 21.8x | 17.6x |
| Industry Median | 29.7x | 24.1x | |
| (*) Profit after tax | 1,094 | 1,127 | |
| Equity Value | 32,485 | 27,179 | |
| (/) Outstanding shares | 138 | 138 | |
| Fair Price | $235 | $197 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.